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My Trade Plan: Short USD/CADThe Old Trade is continuing now . As I told before that USD/CAD will rise til 1.26500 and then I will Short. It seems that Short/Sell time have arrived. I will Short USD/CAD after a Retest of Broken Support level. Risk-Return Ratio for the trade is 1:7.4 with Strict Stop Loss of 13 Pips intact. Note: Do your own analysis before taking the trade. Short/Sell: 1.26510 - 1.26350 Stop Loss: 1.26630 Targets: 1.25840 & 1.25000 Indicators used: Moving Average (MA) and Relative Strength Index (RSI). Concept: Analysis is based on Market Structure, Moving Averages, Strength of the pair and Supply/Demand Zones.
Short
by M_Shariq
S&P500 through the looking glass!The S&P500 and US Nasdaq run the international show. Whatever they do, the rest tend to follow. For this reason we'll take a good look at the two giants to see what their technicals look like and if or when they would become bullish again. We'll start off by bringing out our microscope in order to dissect the S&P500. Starting off on the weekly chart, the index is up by more than +100% since the March bottom last year. In a normal, healthy trend the price regularly retests its moving averages. As we can see none such has occurred since June last year upon which the price briefly found support on the EMA50 (yellow line) before taking off. Equally so, if we move onto the daily chart, the ascending channel almost comes across as a parody of technical analysis. It's vastly over-stretched, and I have personally rarely (if ever) seen anything like it myself. As we can see on the graph below the S&P500 has tested the yellow EMA50 as support on numerous times throughout the last year. Only once (September 22) did it test the EMA50 from below and got rejected, however minor. Now, it's at it again. The standard fare for a technical development is for the price to test an indicator support such as the moving averages on multiple occasions (EMA50) prior to testing the higher value below (EMA100). The more times those are tested, and the more times the procedure repeats itself, the weaker it gets, and the higher the likelihood of an even greater moving average being mature for testing (EMA200). In this case we have now tested the EMA100 for the third time in a year. This is rather remarkable, especially since the higher moving averages typically don't hold up against too much pressure (as opposed to the lower ones such as the EMA20 and -50). Given that the index has just bounced on the EMA100, but is now facing opposition from the EMA50 from below and in combination with a big naughty falling wedge (which technically seems to have more to give), we can seriously expect further short to mid term downside to follow. As we can see on the graph below I have jotted out a resistance entry on the 2-hour chart, which neatly aligns with the EMA200. This is a good risk to reward short in my opinion. The horizontal green line constitutes my initial target level upon which I will also increase my stop loss to break even. What further speaks in favor of a short to midterm drop is the RSI, which on the daily is struggling to break above the neutral green 50 line. But even more alarmingly does the RSI on the weekly, as we speak (or as I speak ...) struggle to break above the upper bearish blue line from below, after having come down from high levels. To those of you who may not know, this is TEXTBOOK distribution behaviour. And unless the RSI can break above it, things look dark, indeed. Presuming that this duly needed correction continues, what I expect price-wise is for a re-test of the weekly EMA50 and the daily EMA200, which are near enough to count as one unanimous zone. If, on the other hand, the weekly RSI were to break above the upper bearish blue line with enough safety margins (1%), that'd be all I need to swap foot to being bullish again. Having said that, don't underestimate the heavy technical lid the upper bearish blue line amounts to on its own.
SP:SPXShort
by LongLifeTrading
2
BEAR TRAP OR MELTDOWN? SP500 BREACHES UPTREND!Hello my beauties. I noticed that the S&P500 has breached a long term trendline that had lasted for over a year. It is the first time since the beginning of this downtrend that we see the price hang around below the trendline, failing to break back above quickly; the price did this a couple of times during the run to stop hunt and create liquidity. We are going to wait for price action to give further confirmation of weakness (such as a breach of solid daily support) before taking any trades, but I suggest you keep an eye out on this index to monitor price action. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
UShort
by TrickleDownFX
SECOND POSSIBLE SCENARIO FOR HP! DISTRIBUTION!Hello my beauties. We will wait for the price to move towards the top of the range and give us some more indications. I tend to think that HP is going to show strength regardless, but I would like to react to the price rather than predict it. What looks like a Spring (quick weakness in the price followed by a rapid recovery within the range). The price might also provide the Wyckoff events outlined in this analysis, so we still need to wait for some more information before we can delineate a clear trade setup. Remember that the lines don't intend to predict price action exactly, rather give us a general view of the events that will follow based on the Wyckoff trading strategy. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NYSE:HPEShort
by TrickleDownFX
AMAZON distribution schematics!Hello my beauties. I see a distribution schematic travelling towards completion on amazon. If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:AMZNShort
by TrickleDownFX
What are your thoughts on XRP?XRP / USD 1 DAY CHART Ripple# XRP / USD 1.06810-0.03505 (-3.18%) 17:25:44 - Real-time Data 1.06592 18:00 20:00 22:00 1.05000 1.06000 1.07000 1.08000 Technical Summary 5 Min: Strong Sell Hourly: Strong Sell Daily: Sell Monthly: Strong Buy What is your thoughts on XRP? XRP / USD made an intraday spike up perfectly into 61,8% Fibo. retracement, ideally for wave C of (B)/(2) as expected and we now have a nice bearish setup formation. So, watch out for more weakness in upcoming days that can send the price back to lows within wave (C) or (3). -For more chart analysis on the crypto market follow, and if you agree with this, like and share.
BITSTAMP:XRPUSD
by GerradFletcher
2
$XRP Looking WeakAfter a substantial rally from lows of around $0.50, XRP is showing signs of weakness having rejected resistance at $1.30 multiple times over the last couple of weeks. With that being said, XRP does not yet look primed for a Short. Support at $1.24 is relatively strong but if Bears can succeed with a close below this price, XRP will likely seek liquidity at lower prices. This would be your opportunity to go Short. A close below any of the MA's would be an additionally bearish sign. On the other hand, if Bulls can regain control and close the day above £1.30 we could see XRP head for the highs we saw earlier on this year. Whats your thoughts? - Sound off in the comments! MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
by Market-Snipers
1
BTC coming up to a key level (37K) The run-up for BTC has been quite impressive un-doing a greater part of this bear cycle ( or retrace depending on your stance ) and during the past week, we have found ourselves within this big channel. The support is very strong and previous seen big rejections however in the previous few days the bounces have gotten weaker and have started to slip under the support only to return after the next candle. While this support is currently strong, remaining under this support for any amount of time should be seen as massively bearish and could see us slip into the low 40's. The next test of this support is quite significant however before we see that I believe we will visit 47k. Claiming 47k is quite a big psychological barrier and we should look for acceptance or potentially a rejection. Currently, my stance is still bearish due to the upcoming resistance being very strong and bearish divergence on rsi and volume being low. TL: DR - Support appears to be weakening and upcoming resistance is strong.
by ollie_oz
BITCOIN - It's No Surprise Man!!!!Hello everyone, rouzwelt here Well finally bitcoin broke down the 30k level, I have been pretty vocal about it in my last several posts, explaining the reasons why a drop is extremely probable due to lack of demand and interest in crypto market as a whole, you can clearly see the massive hype around crypto has vanished and the weather is pretty cold right now. As I have been saying in my last post, I was expecting bitcoin to initiate its drop around the crossing point of the downward channel, blue trend line and red trend line (red circle in the chart), and that's exactly where that happened. I was talking about possibility for a reversal and what are the obstacles for bulls to overcome if we want to see one, but they failed at the first one and I said if they fail at any of those obstacles we will see a dump, just take a look at my previous post (screenshot below - click it to go to the original post) and judge yourself the accuracy and validity, I hope you find it valuable. Right now price has broke-down from the downward purple channel and is now inside the yellow downward channel, sitting on the lower side, so it might initiate a move to the upper side (as demonstrated in the chart by arrows), or if bulls don't show any presence then it might fall below the channel and dumps even more. I also have been talking about the critical level of around 29 - 30k for bitcoin to break below in my past articles, if it wants to see lower 20's, and as you can see in the screenshot of that post below (click to go to the original post), price has managed to hold on to it at current moment, but the problem is that we don't see any meaningful reaction from bulls, we don't see enough demand and buyers willing to step in at this area like the few times before. Previously whenever price reached this area it bounced quickly with significant demand and volume but right now its cold man. I should say that the trading volume is low and sellers are not doing much either, but their not much efforts have been enough to bring the price to this level, and that's not a good news at all, cause if they have managed to bring the price here with not much efforts, how far can they dump the price if they put more efforts? So right now it doesn't look any good for bulls and I want to be honest, I find it hard to find any bullish signal from the chart in TA perspective, but whenever I see one I'll be more than happy to share it with you guys. I'd like to point something else here as well, and it's the break-down of macro rising channel in weekly timeframe of log chart (screenshot below). I've been talking about this possible break-down in my post several weeks ago, and now the break-down is confirmed, so lower prices for coming months should not be any surprise to anyone, but that might be good news as well, because that might be the time for bigger players like institutions to come in as many of them have been waiting I believe, because they mostly look at weekly and monthly charts and plan their moves on macro scale and you can't possibly expect them to be he buyer at tops. It also is a good news for those who are here long term and actually believe in blockchain and crypto as they can buy them cheaper. It's worth mentioning that the fundamentals around bitcoin and sound alts have never been stronger than now, we are hearing great news and that can be an indication that the current bear market would not last very long like 2018 bear market, but that teaches me personally a great lesson and it's that fundamentals don't have to impact prices immediately, they are the main driving factor for rising prices in long-term of course, but the road is not a straight one, that's where TA comes in play, when it's cold it's cold, you can't warm up an entire market by several 4H candles, TA gives you the navigation tool so when the warmth slowly builds up and when it gets hot again, you would be the one enjoying the most. My short position is still open at 32850 with SL at entry, shoutout to those who took that trade with me, I hope you're enjoying that, and I have a plan to increase its size if bitcoin manages to break the 29 -30k down. I'll be posting about that when I see a clear entry point. In the end I'd like to ask you all to take a look at my previous posts and judge their qualities yourself, and if you find them and this post valuable enough then consider supporting me by hitting like and comment if you have any opinion about them, I'd appreciate that a lot.
by rouzwelt
BITCOIN - Wyckoff Redistribution UpdateHello everyone, rouzwelt here Well I have demonstrated Wyckoff Backup Action Events in my last idea as you can see in the screenshot below (full article link at botttom of page), and as of right now we have seen clear rejection from our resistant line at 32300 (PS) , and price action is showing that it's weak and can dump more. and the projection I have shown in the Screenshot is playing out somehow. I want to note something in the next Screenshot below, and that is as you can see, price action have clearly broke down local trend lines (yellow lines) it could have formed. that's not good but I just wanted to note this so that we can see btc couldn't form a local trend line to find support at. but let's see if the current one can hold or not. Anyway, Let me say something, whenever price is going up you want to see volume coming in and increase at rallies up and decrease at reactions and vice versa in the opposite direction. Now let's get back to the main chart. I believe that btc is weak right now, we don't see volume coming in at rallies high, actually its the opposite, we see volume at rallies down and decrease at reactions up. And that's what we are seeing right now at the btc 1H chart which I believe is pointing lower levels at this point. But let me say smoething, that can reverse for a short period of time and we can head high locally to the blue trend line drawn in the main chart, well if we see this happening then I'd like to see the price squeeze around the blue trend line and a break out after that, only in that case I would open a long position for a short-term uprise. But lower levels are the more probable scenario (the red arrow price projection), and if so, we will get the last LPSY in back up action phase of wyckoff method and then I would be opening my swing short position. Let's end by saying that the blue trend line in the main chart is the most important level for me to break if BTC wants to head high and test 36.5/38/40/42k resistants and potentially showing some strengths after almost 3-4 months.I don't want to sound bearish and actually I hate bear market as much as you do but we need to see some sign of strengths before saying we can see higher levels at least at this stage.
by rouzwelt
4
ACC - Weak Price ActionThe price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels. To continue weakness, should sustain below 1900 levels. Immediate resistance is around 1860 The trend change level is 1900. In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in the stock. Disclaimer: These posts are for educational purposes, if you are trading this, Trade at your own risk.
NSE:ACCShort
by manuagarwal21
AUD/USD Short Set Up Head and Shoulders pattern forming with the Right shoulder yet to be formed 1DTF ..Set alerts at the levels you see for the short , Measuring the head give us the potential targets highlighted . Confluence in that region with the 200 EMA , 0.618 fib and aligns with Volume profile . Wait For the candle close just outside of the neckline and SL above the top of the right shoulder . If you have got this far then please click Like and Follow ... Posting Setups and analysis Daily ...Appreciate your support
Short
by SJTRADESFUTURES
2