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Swingshort

USDZAR Upcoming Swing ShortAnalysis done on the weekly timeframe. As you can see, USDZAR is in a clear downtrend. I expect price to come up closer to the trendline before ultimately heading down again. I have identified several key support and resistance levels from the weekly TF also. This is just my analysis, i've never actually traded any exotic pairs. If anyone has any advice or tips for exotics, specifically UZ, i would appreciate it if you could comment them. Only reason i even ended up checking it out was because i read an article on Bloomberg about SA struggling with covid vaccines, so i figured this could be a good opportunity to swing. I may take a short on a small lotsize once price comes up to an ideal entry.
Short
by darbova
1
EURCAD DAILY SWING SHORT - PENDING Daily directional bias is good, the wave is smooth, established and respected. Single time frame DB and crude at resistance makes this a higher risk trade, would take a smaller entry. Weekly has no wave directional bias Monthly the trend has been up, however the wave is not smooth established or respected - I like a short with a target at the monthly uptrend line EURNZD & EURAUD which also have valid set ups due to the crude driver which is currently keeping CAD stronger than AUD and NZD, need to exercise caution as this doesn't have multiple time frame DB like the other 2 pairs, also crude is at monthly resistance - this could give the entry on this pair but a rejection from support without a retest and break though would tank this set up. A pullback in crude could also validate set ups on EA and EN. EUR weakness driver is the vaccine rollout not being as good as UK, Australia, US and Canada - a change in that could effect this trade CAD driver is crude strength - a change in the current narrative to a risk off out look and weaker economic recovery could prevent it breaking resistance.
Short
by Trader2502
EURGBP DAILY SWING SHORT - PENDING Bearish directional bias on daily only, make this a higher risk set up due to lack of multiple time frame directional bias, so this won't be full position size. Weekly - fresh bearish DB Monthly -Break and close below monthly trend line would signal more bearish momentum Current driver is euro weakness on vaccination program in Europe falling short compared to UK, USA, Canada and Australia. Pound strength is being driven by the fast UK vaccine rollout. Any change in the vaccine narrative for EUR could put this trade in trouble.
Short
by Trader2502
Potential short set up for JPMThis is a potential set up and not yet actionable unless you want to take an aggressive starting position. JPM has finally up to pre COVID price level. The run up recently has been too fast too sharp in my opinion. RSI is extreme over bought reading. Any marginal high will extend the PPO divergent high. Be careful trading this since the earning is coming up on this Friday before the bell. I can see rejection here or making a marginal new high and fade. That would be a bull trap and down move may be pretty swift. Down side target for me is the yellow trend line from COVID March low or the top of the gap at $112.55.
NYSE:JPMShort
by TK0421
4
High probability swing short set up on CRSPHere is my short case on CRSP: - at the top of trading channel started since Feb 2020 - over bought reading on RSI - both PPO and RSI shows very clear divergence high Starting building a position as it hits the top of the channel and scale in as it moves down. Impulsive break of the wedge should move it down to the support at $161. Reaction will be likely, consolidation or a minor bounce. Then, if it gets taken down, then moving down to the bottom of the channel which intersects with $145.80 horizontal support. If that breaks, it's going way lower since $110 and $131 area are pretty thin so the move will be probably pretty swift.
NASDAQ:CRSPShort
by TK0421
5