Nice R:R on this potential bearish trade. More downside could be expected for OANDA:EURNZD as this is moving in the descending triangle.
GBP/NZD trading trend continuation (bearish channel). I am looking for a breakout in the direction of the preceding trend. The main target should be the next channel support. Good Luck Folks
bearish flag look for breakout and retest on the lower time frame and execute
I don't need to explain all this time why I am even shorting this as we all mostly knew what happen lately in DXY and EURUSD. King ain't seating still which let me think this trade might have some chances. After all pound and euro were never bullish market talking about the broad picture.
Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't...
Hello all, This is just an update from my last chart better representing levels, just in case we continue our bearish trend. This chart, compared to our last, is charted on the daily rather than the 4 hour time frame. We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending...
Bearish reversal probability on the H1 time frame.
Strong loonie. Higher timeframe still points out the bearish sentiment and bearish continuation. Assuming some further dip.
4H chart is plotting several bearish flag patterns How far will these bearish patterns continue to fall Bullish pullback is going to happen. Price can continue to fall bearish Or bounce back bullish.
i still not convinced , im bearish until proven otherwise, it just has been tighter, and volume lower, it needs to break 4300 in order for me to change my mind.......
I think the markets have scaled back is because of overall debt. In the video I explain the difference between the 2009 crash and today's market downtrend.
Pair has down trending pattern waiting to resume Price has failed to go above 100 sma If price goes above 100 sma then Long Trade Buy Stop @ 1.2710 Buy TP 1.2795 If price falls below 50 sma then Short Trade Sell Stop @ 1.2595 Sell TP @ 1.2505 Find your SL Watch Mac for direction
BTC/USD has been trading around 5400-5600 following that huge dip from 6300-5170ish. We are now consolidating in what I believe is a bearish continuation pattern in the form of a bearish pennant. I am seeing different variations of the same pattern (will post images below) and it looks like we could be seeing another retest of that 5100 area, if not lower to...
LSKBTC Day is resting on a multi touching Day support level Will it break up for a Bullish strength move and give us a smile Or will it continue to fall with Bearish weakness and give us a frown Tell us what you think with some Halloween Pumpkin pictures
I'm thinking that we fail to break the outlined resistance level and see a diamond bottom breakdown to the next level of support. The breakdown may feature a throwback to the area of market structure, which would be the ideal level to enter a short position. Bulkowski outlines that the Diamond Bottom performs at a rank of 1 out of 21 in breakdowns . (To be...
NFP may not effect this pair too much If price goes up from here Sell Limit @ 1.8165 If price continues to drop Sell Stop @ 1.8025 Take Profit is @ 1.7925 Stop loss @ 1.8231 Or if Macd crosses above Red signal line Also you can exit early at 1.8115
15M Chart Possibly Inverted H&S 1st Sell Stop @ 8800. 1st Take 1/2 Profit @ 8525. 2nd Sell Stop @ 8400. Take Profit @ 8015.
Watching for an entry with Triangle Breakout Short Continuation Watch macd Blue crossing above Red line = pullback Watch 15m macd pullback for Short Entry