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Bearish Patterns

Gold Price ActionHello Traders! It's time to focus on Gold . Over the past two months, Gold has been in a strong uptrend , consistently forming Rally Base Rally (RBR) patterns. However, we are now seeing a shift in market structure . The price has recently rejected a new RBR formation and is beginning to create a Drop Base Drop (DBD) pattern. Trading Strategy: Swing Traders: This is a good opportunity to open a sell position and hold it as the bearish trend develops. Day Traders: Follow the daily market direction , but maintain a bearish bias . Key Points to Remember: The market is currently bearish . Focus on sell trades only until the market structure changes. We've seen strong demand over the past two months, but now it's supply's turn . The USD is strengthening , which supports a bearish gold market . Tips for Consistent Trading: Keep your analysis simple . Avoid overcomplicating your charts. Use multi-timeframe analysis to align your trades with the overall trend . Avoid overtrading and strictly follow your risk management rules . Remember, market structures repeat themselves. Stick to the process and trust your strategy. Wishing you all the best of luck and happy trading! Stay disciplined and trade smart. Thank you!
ICMARKETS:XAUUSDShort
by SuvashishFx
1
EUR/USD at a Pivotal Level – Will Bulls Push Higher?The EUR/USD pair is showing signs of a trend reversal after breaking above a long-term descending trendline. This breakout, coupled with an inverse head and shoulders pattern and RSI bullish divergence, signals strengthening bullish momentum. However, the price faces key resistance around 1.0500-1.0527, aligned with the 200 EMA. A confirmed break above this level could push the pair toward 1.10+, while failure to do so may lead to a pullback before another attempt higher.
Long
by unichartz
CHFJPY - Bearish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈CHFJPY has been overall bearish trading within the falling wedge marked in red and it is currently in a correction phase approaching the upper bound. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #CHFJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
16
BTC: Lost Key Support! What’s Next?🚀 Hey Traders! If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 🚨 BTC Breakdown Alert! BTC has lost the critical GETTEX:87K -$90K support in the daily timeframe—a level it held strong for over 3 months! Now, it's looking like a bearish retest, which could lead to another leg down. 📉 🔻 Next Major Support: $72K-$75K ✅ Bullish Reclaim? BTC must close above GETTEX:87K on the daily to confirm this as a fakeout—until then, the bias remains bearish. 🔥 What’s your take? Are we heading lower, or will BTC reclaim its lost ground? Drop your thoughts below! ⬇️🔥
Short
by CoreCrypto1
ETH has broken its 2 year ascending trendlineI have been busy working on our AI Super Aggregator so have not been as active in the market but look at this chart, it looks not good. We have broken a 2 year ascending trendline, the only goodish news is that it looks like we are trying to assume a nearly horizontal channel versus some steep descending channel. Since we are at the bottom of that new channel I would expect some reprieve from the current descent but a good chance its just enough to come up and prove our old ascending channel as resistance before potentially heading back down to retest the bottom of channel support. Really most the broad crypto market looks not so great but some assets have been trying to break their descent, and for some assets they are so oppressed right now you have to wonder, how much lower can it go? Be vigilant, the market has already been cruel and at the moment it looks like it still has more anger to blow off.
Short
by EncryptShawn
bch midterm sell limit"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
USDJPY - Longterm viewHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 149.000s . We are still extremely bearish on FX:USDJPY since our last longterm analysis was completed: Scenario 1: SELLS from 148.200 -We broke below the downtrend channel. With the break of the downtrend channel we can expect more sells to come and we should continue the bearish trend on USDJPY slowly digging into lower levels potentially reaching our target of 145.000. Scenario 2: SELLS from 151.250 -We above the downtrend channel - 149.900. If we above our downtrend channel we can expect some short-term buys up to our main Key Level or PBA (Pullback Area) from where we can look to enter into the long-term sells. IMPORTANT KEY LEVELS: - 151.250; possible pullback area - 148.200; breaks below confirming lower levels - 145.000; longterm target (prices from Aug-Sep 2024) Personal opinion: We are currently trading in a downtrend channel and we are expecting more sells to come throughout the next weeks. We do have to be careful as TVC:DXY and TVC:JXY might experience some volatility tomorrow due to the following news: JXY: Tokyo Core CPI y/y DXY: Core PCE Price Index m/m KEY NOTES - USDJPY breaking above 149.900 would result in higher pullbacks. - USDJPY breaking below 148.200 (below the downtrend channel) would confirm sells. - USDJPY is overall extremely bearish. Happy trading! FxPocket
Short
by FxPocket
1