Shorttrade
Possible down trend Interesting Stock, on the 15th of July the price made what is called in technical analysis dead cross, a signal for a beginning of a downtrend. Now it seems that the price is using the line of the moving average of the 200 periods as resistance and is entered an area between the price 381.05 and 351.05. If the price will break the level of 351.05, there is a good chance to follow a downtrend. The stock is still in a positive trend, My vision is neutral waiting for the right signal.
EURJPY TRADE IDEA!Price rejecting the resistance of 142.000, so I'm looking for a push down to continue a downtrend. Don't really respect trendlines, its just there to give you and idea of the current direction... Always remember to risk manage first and leave your emotions aside, If price doesn't show rejection from the highlighted zone do not take entry's!!!
Short Nasdaq after 3 consecutive 5 minute red candle closes.The indices were unable to sustain a rally up until the last few minutes before close. I must confess, I got the shit beat out of me today, after 13 prfitable days in a row. I tried to go short, then long, then short and what a nightmarish day. As I reflect on the charts, I got sucked in all the way around. It was slated to be an up day, having been oversold after 7 days straight losses, then a strongly positive day yesterday. Even with Powell confirming the future of rate hikes for the time present, misguided investors were desparate to take it higher.
Overall, it was far from an impressive rally, as investors continually sold, and bulls were determined to take the market higher. Yet, the picture is one of the close being strong, giving the expectation of further buying.
Look for a short position on either a 15 minute candle close down, or better yet, 3x5 minute candles which will verify no strength somewhere in the middle of the 15 minute failure. This is for intraday traders, specifically. My expectation is that the market will not make it to the horizontal resistance level I've drawn, which will necessarily cause prices to break through the trend line. I don't put particular importance on the trendline to be respected. I trade only Nasdaq Futures, accept for a very rare oil trade. Thus, I am keying on NQ. Similar patterns should exist for s&P 500 and Dow with regard to bullish or bearish moves likely. If one index fails, the other won't likely be far behind, although Nasdaq buyers are a bit more determined to provde the market wrong about valuations. A more bull headish bunch, perhaps they are.
If looking for a long term play, without high leverage, I suggest waiting for tomorrows close. If it closes down, go short at market open the following day. If not, I've got nothing to suggest. I am not a financial advisor and wouldn't expect or want anyone to follow any suggestions, other than to study the charts, see the action as you see it unfold in real time, and make your own judgement call. I offer my writings for entertainment and to hear myself think out loud, for my own enjoyment. Nothing here should be considered financial advice or a suggestion to place a trade. The markets will pick up volatility as we get closer to the Fed rate meeting on September 20-21. Paper trading is safe. Putting money in a trade can be a losing proposition, as I saw today after a long winning streak and over confidence. Really, tomorrow is anybody's call. If Goldman Sach's or another big palyer decides to buy or sell, the market will likely go that way, whatever that may be.
We are in a bear market that I expect to last for potentially years. However, there will be strong rally's that can and do last days, and seem to just keep going for no good fundamental reason. Sometimes its wise not to take the first 15 minute dip, and wait to see if there is an additional recovery and another failure. Pick your risk and stick to it, with a stop if trading with high leverage, is in my opinion the way to keep control of your maximum antiicapated loss.
"Trade the market that exists, not the market you want"!
Bear flag broken 4hr drop to 19kHello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC quick update.
BTC broke the bear flag in the 4hr time frame that was expected from the last few days. We now can expect price to touch $18k-$19k level.
WHY I'M ON BEARISH
1) Price broke the bearish flag pattern.
2)MACD is confirming the Bearish momentum
3) RSI is forming a rising wedge like structure which is generally a bearish pattern .
3) Volume continuously going down
What do you think guys?
Share your views in the comment section.
If you agree with my points then do hit the like button.
Thank You!
BTCUSDT form Descending triangle Descending triangle are break both side upside and downside so, in that situation we should wait for break and retest than we enter in trade
I wrote Both possible scenario target on chart
Take trade after retest and set SL according to your Risk management
I hope you enjoy my thoughts
If yes, hit like and follow buttons
TRADE ALERT XCN SHORT TARGET .005! 93%+ PROFIT POTENTIAL!Am I seeing this right? I think I am. I have chosen to allocate 8.79% of my portfolio into this short trade. With a 6/1 R/R, the potential exists for up to 93%+ profit. Of course, I will be taking profits along the way if it works out. First take exists around 5 cents. Entry was .085 with a final target of .00588!
My spreadsheet has been updated with this most recent trade.
Best of luck traders,
Stew
It looks like an AMAZING TRADE!
Have a look at this Down Trend!
It looks like it's testing the resistance.
I am looking for an excellent short inside the trend.
Disclaimer!
TRADE SAFE.
DON?T COPY ME, ITS ONLY INFO
GBBUSD shortFAKE BREAKOUT!!
GBPUSD now heading to the monthly support which is 1.16516 from there we could see a further decline or go back all the way up to the monthly resistance which is 1.21885. If this is the case I will wait for a new lower high and the Monthly support to be rejected twice before I look at taking any long positions. I also used the fib to help find my entry along with the support resistance.
EURUSD short trade based on Ichimoku and fibonacci analysis Indicators
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
EURUSD sell trade based on Ichimoku and fibonacci analysisIndicators
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
USDCHF-SHORT long term with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking to short USD & go long in the other currency pairs that have the USD (GBPUSD is in correlation with USDCHF & is in a strong monthly support zone)
what do you think ?