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Bearflags

CADJPY, 4hr timeframe, bearish divergence in descending channelHello my friends, I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe. Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up. Price already broken below the channel with a solid candle in the last 4hr candle close. We could expect price to continue going down from this point as there is another zone which acted as resistance. Noticed there is also 50-EMA at this zone so we could say this is an area of confluences. Sell CADJPY 80.05 Stop loss 80.45 Take profit 1 @79.55 Take profit 2 @79.05 Risk only 1-2% of your equity Use proper risk management Good luck
Short
by HayatoDragonFX
AUDCAD short set up 🦐AUDCAD after the break or the uptrending channel has moved down til the 4h resistance structure. Market retraced back till the 0.5 fib and now break the minor bear flag. Currently the market bounce again on the structure and now looking for a possible break. IF the market will break below the structure we can set a nice short order according to Plancton's Strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
7
EURPLN a short opportunity 🦐After our profit on this pair we look now for a new opportunity. Market hit on the daily support and already tested it few times. Yesterday market tried to break the structure without succes and price got rejected inside the bear flag . Finally seem that price lost support and we can look for a nice short order according with Plancton's strategy . ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
8
RCL 1D BEAR FLAGBear Flags are a Ranges pattern which are a repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:RCLShort
by Tradingstrategyguides
RTY1 1D BEAR FLAGBear Flags are Ranges that are repeatable trading chart patterns. Bear Flags are a chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
CME_MINI:RTY1!Short
by Tradingstrategyguides
KIWI - NZD/USD - Looking clean...!Kiwi, it's been tricky to trade for sure! Let's see what we can get out of Kiwi....! Technical aspect: - A break to either direction - - Could be put as a bear flag - Channel going up until broken to down side then could confirm to be a - Bear flag - Remember Confirmation is key! Bulls are in control as long as it's above: 0.66580 Bears come into control as long it's below: 0.66350 A break to either direction is great - remember fundamentals - Unemployment figures and NFP out of US. Key Tip - Don't get emotional towards your trades! Remember: Just an idea, not a recommendation!
by Trade_Journal
Bear Flag on RVN.Hello, traders. RVN is forming a Bearish Accumulation pattern called as a Bear flag. A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag. The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is. After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume. There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits. Best regards. Sando and Gustavo.
Short
by MarketMinds
1
EURSEK attempt to break support 🦐The market on the daily chart is inside a descending channel and recently created a bear flag that retrace from the previous move till the 0.618 fib level. Currently the price tested the 4h structure and made few attempt to break it. If the market will manage to break and close below it we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
1
Fake out on the Ascending Triangle to the downside?It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue. In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others. Possibly a bullish flag outlined in green, the downward sloping resistance keeps getting breached to the upside negating a descending triangle / bear flag.
TSX:WEED
by ScotianBot
USDMXN short signal 🦐 After a retracement till the 0.5 fib level the market turn again down creating a bearish flag. If the market will manage to break the fist structure and consequently break the flag we can set a nice short order according with our strategy. Bear in mind that friday can be a tricky day. ––––– Follow the Shrimp! 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
1
S&P 500 E-MINI FUTURES BEAR FLAG SHORT TRADEBear Flags are a Range pattern which is a repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
CME_MINI:ES1!Short
by Tradingstrategyguides
Rsi convergence VS inverse cup and handle and flagOk guys as you can see and know that I talked about a correction a lot ! you can guess what I want to say!. Every wave has a lot of waves inside! Lets check it. We have rsi convergence(bullish sign) which is really strong ! and we know that we were in descending for a while and it will do a pullback(Thats not hard to know) so with this one we will hit 9500 area once again. As you can see we are in a bear flag now, which is inside another bear flag! and also btc is forming an inverse cup and handle ... So I recommend that to long sides ... Dont enter your trade for 10k now ... And shorts ... guys dont fomo, it went to distribution again and it will mark up for a while ... but mark down is possible and it will happen so take a deep breath, rest for a day, you will see that indicators are showing down trend again soon. Targets will be: Below 9300 => 9000, 8800, 8600 Above 9500 => 9700, 9800(Because of ma's cross and ichimoko cloud) 9500 is our resistance now. As always ... always follow your thoughts ... If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
3