Get started

Bearish Patterns

CHF/JPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 166.301. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CAD/JPY SHORT FROM RESISTANCE Hello, Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 102.749 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 93.209 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are going short on the GBP/JPY with the target of 186.545 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are now examining the GBP/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.240 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
BITCOIN - WHERE ARE WE? When zooming out and looking at the Bitcoin chart, despite how crazy the market has been in recent weeks it comes down to a simple market structure with three separate clearly definable ranges: RED RANGE (Accumulation) - From FEB '24 until the US election BTC chopped in primarily the top half of a range with five separate midpoint retests with progressively shallower rallies that eventually broke out with a catalyst from the political world. BLUE RANGE (Expansion) - After a 10 month accumulation range the next phase in the bull cycle was expansion, a rally above ATH and into price discovery. An extremely thin inefficiency rally. Now price currently is at the midpoint of this range and despite the geo-political waterfall of bad news BTC has held up better than I had expected given that usually a rally that goes straight up has no support levels on the way back down. The chart does suggest a retest at $73,700 at some point before deciding which direction to go in after that. GREEN ZONE (Distribution) - For the last 3 months Bitcoins price has been extremely volatile, bouncing between $91-108K, the range containing price perfectly with weekly retests of the range bottom and a swing fail of the range high. That SFP set off the beginning of BTCs sell-off eventually breaking through the bottom and back into the blue range. With Bitcoin at the midpoint of the middle range it's a perfect time to have a data release in CPI, A volatile news event that can be a catalyst for a larger market move and with Tradfi selling off, this CPI is the most important of the Trump administrations term so far: CPI DAY PREVIOUS: 3.0% FORECAST: 2.9% ACTUAL: ?? Bullish - sub 2.8% print. At least the market sell-off is having a positive effect on inflation and isn't painful for no reason. BTC reclaims blue midpoint with a view to retest blue high. Bearish - 2.9% or higher. Market sell-off hasn't has an immediate effect on inflation so the sell-off is bad in all aspects, except for the Trump admin moving closer to their wish of a weaker dollar and lower interest rates. FWB:73K blue range bottom retest on the cards.
by ProR35
1
EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! Bearish trend on EUR/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.948. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
3
DXY Will Go Lower From Resistance! Sell! Take a look at our analysis for DXY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 103.479. Taking into consideration the structure & trend analysis, I believe that the market will reach 103.100 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
GBPUSD Will Go Lower! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.292. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.252 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1