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Shorttolong

EUR/USD Shorts from 1.07800 back downThis week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside. There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B. Confluences supporting EU sell positions are: - Price action has been strongly bearish, aligning with a pro-trend idea. - The DXY has been bullish, which suggests EU could continue to move down. - Liquidity remains focused to the downside. - A potential supply zone is identified, providing a possible selling POI. P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend. Look out for CPI and remain diligent!
Short
by Hassan_fx
EUR/USD Shorts to Long idea My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions. Following this, I anticipate price to decline towards the 3-hour demand zone, which coincides with the 3-hour demand area for GBPUSD. I'll then look for a Wyckoff accumulation phase to ride price back up and fill in the major imbalances left from the upside. Confluences for EU Sells are as follows: - Price has been very bearish recently and confirms this via continuous break of structures. - Good 10hr supply that has recently been created which also caused a BOS. - Theres an imbalance below that needs to get filled as well as lots of liquidity to be taken. - The overall trend of the market on the higher time frame is bearish as well. - DXY also looking bullish as well and it's aligning very well with EU's Zones. P.S. If the demand zone fails, it will break a significant level of structure, making selling positions more favorable. Currently, bearish momentum remains strong, and I anticipate further downside movement. Have a great trading week remember risk accordingly and maintain emotional discipline!
Short
by Hassan_fx
USOIL IN DEPTH TECHNICAL ANALYSIS!Hello my beauties. I'll be shorting oil until the 56/58 area as it needs to retest a 13 years old trendline. The price broke it to the upside and I don't think it is going anywhere before kissing it. Oil is now facing a cluster that consists of the following resistances: - 1 year long uptrend trend line ; - downward channel trendline; - inverted head and shoulders neckline. On top of that, the following indicators suggest downside to come: - RSI bearish divergence; - stochastic forming a bearish divergence. Further reasons why I am taking the trade: - we have to see an Elliott wave 5 in the current downtrend. For those of you who are not familiar with Elliott waves , wave 5 needs to exceed the lows created by wave 3. From a short/medium term technical perspective, downside is pretty probable. After that I'll be bullish for a very long time. The green area evidences where I expect a strong reaction to happen.The weekly volume profile indicator suggests that the most orders have been placed in the 56 area. I hope this idea helped you, please like, follow and drop a comment below if you have any questions and we'll discuss them together. Consider supporting me if you believe I provide you with valuable information. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
2
USOIL WTI Crude Oil Short, breach of a decade long pattern Oil has breached a 13 years long falling wedge. I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles. You can see that the pandemic created a spring that allowed smart money to accumulate positions at advantageous prices, around 0. We'll see a lot of strength after the trend-line has been retested. Please like and consider following if you enjoyed the idea. Peace. TrickleDown FX
TVC:USOILShort
by TrickleDownFX
3
EUR/CAD RSI Resistance . Shorting to our Blue Support zoneSo a little more focus on the RSI on the 1 Day time frame, We have placed a Resistance line at 48.1 on the RSI and we're shorting it either to the blue resistance zone, also the (A) correction. This trade would be invalid if rsi break through the resistance line and close above it. If RSI closed above then it's a good chance it will make a good move to the upside BUT not necessarily meaning that (A) correction is complete and moving to (B). It may just bounce off of the Rsi support trend line above it.
Short
by CrisBarr96
1