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Bearish Flag

CADJPY - ShortCADJPY is showing a bearish flag. The long downward trendline is the 'flag pole' leading up to the flag. In the flag pattern, the price makes higher lows and lower highs to make a 'flag-like' pattern. Eventually, price will break out of this pattern. The trend before the pattern was created was bearish with a dominant downtrend. It is likely that the price will break below the pennant glad and continue this downward trend. Before entering a short trade here, I will wait for confirmation of a breakout by 4H bearish candles, and looking for a potential re-test of the trend line before the downtrend plays out.
Short
by francesgurton
1
XRPUSD - Bearish flag //Key Levels + Bearish Flag + Long Term\\Hello, great to see You here! If You would like to see more of trades, press that "Follow" button! Also, don't forget to leave a comment down below, what do You think? -------------------------------------------------------------------------------------- XRPUSD has formed a bearish flag, broke through, and makes a bearish movement. It's like in a book of patterns, a beautiful strong move down, bearish flag, and more of a downward movement. Also, XRP is close to the key level - which is also a resistance. If We break through the resistance level, then resistance becomes a support, and We could retest the level. After that, possible downward movement till the next level, which is @0.17465. If this scenario does happen and We reach the 0.17465 level, it would be a good place to buy XRP (a nice gift for yourself). XRP in long term could pay off very nicely. XRP still needs time, it has been already tested in one of the biggest banks in Spain - Santander (between staff members, aprox. - 7 thousand employes) as a pilot program. Personally bought XRP at 0.14 cents per XRP. The second scenario - We could have a bounce off the resistance level and form a bullish trend. That would be a good scenario for XRP holders, always nice to see green numbers, but patience is the key! Remember to use money, You can afford to lose! I am not a "Financial advisor", so before doing something, do Your own research! ------------------------------------------------------------------------------------- For more free content, please press the "Follow" button and "Like" this post. Thank you and have an awesome day. See You soon, Richard.
BITSTAMP:XRPUSD
by RichardDavisCrypto
Bitcoin had the dropLast TA we talked about how we were in a bear flag pattern and today in the last hour and half of the market we dumped. Now how massive was this move? Well we can see the volume spiked with two 1k candles, yet the second was retraced by half. Looking on CoinbasePro 24hr volume we didn't hit the 10k btc volume, so volitatiy isn't back just yet. As we know a massive move would need that over 10k-to upward in the low 20k btc 24hr volume. Before getting on too the TA we can also remember liquidity is gonna cause massive movement in bitcoin and as more and more people move BTC off exchanges they are losing liquidity. News -Just the stock market dropping over 500 points and continue tech sell off. Again Bitcoin is a means of exchange around the world, but it is correlated towards the Tech sector of the stock market and the dow is mostly tech, so they follow each other. -The dollar is making a comeback, but I don't see the real correlation towards the dxy and the stocket market with Bitcoin. TA -We have dropped out of our flag pattern, yet as I talked about volume we did have a slight pickup, yet it doesn't seem that massive imo -The yellow dotted line as we talked about as the "Slide" is playing out nicely and we are trying to find support around 10256.68 -RSI is oversold, so its bullish -MACD has had its crossover and leans bearish, yet since its under the volume indicators its in an oversold state. -The 50ema is hitting as resitance, so that would be a prime long term target to go back and breakthrough. Most the time in Bitcoin, we usually dip below it for a few hours or day till we flip bullish again. -We are under the high vpvr levels, which means a massive move is expected towads the upside giving us a price target of about 10418 or a little less Final thoughts I think the possibility of going lower is possible, but I would like to see Bitcoin have higher bearish volume to see a sub 10k since it created a lower high bearish volume compared too the sept 21 dump. Key outside factors is to watch the order books. A useful website is tradindviews little brother, tradinglite, which shows you a price range of where the orders are sitting pretty heavy. For now I'm going to stay neutral, but lean bearish.
COINBASE:BTCUSD
by nathanielx9
$GBPAUD - Bearish flag trade setupHello guys! Lockdown announcement will further affect the British Pound. On September 22, prime minister Boris Johnson announced new national rules that could apply for the next six months or more. Do not panic, read the lockdown guidelines first, bars and pubs are still open until 10PM and deliveries are always open, so you will get your boose to watch APL. :) Technicals: GBPAUD has formed a bearish flag and most likely GBP will break the dynamic support and continue the bearish trend in the short-term. Go short from this point and place SL above 1.79000 (risky as it might jump to test the dynamic resistance once again) or wait for a breakout and place a short order there. Up to you!
Short
by realMarketSurfer
EURUSD-Weekly Market Analysis-Sep20,Wk2You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell within the preferred shorting zone(red box). Even if the market break and close above the red box, I'll be waiting at the bearish shark shorting opportunity.
Short
by RaynLim
BTC is Bearish! Bear flag shown on mutliple timeframesAgain you can see the volume has lowered today, gold is taking an absolute battering and BTC is to follow. The bear flag seen can also be seen on the higher timeframes from the recent price activity prior to the recent dump. Check out my analysis from earlier today; in connection, this what I think is going to happen including my predicted price. It's in plain sight, the predicted price is based on the length of the initial flagpole. If you have any questions feel free to ask!
BYBIT:BTCUSD.PShort
by CountOnCrypto
BTC - Not sure we're out of the woods yetThis bounce doesn't look convincing at all, bulls look very weak at the moment. The last bear flag I predicted )check it here - ) played out perfectly and I have a feeling we could form another one here that would lead us to retest 10500 area. That one was predicted when it was formed already though and I'm going early now, so it's not anything written in the stone yet. It's probably the logical move. It was huge resistance we were trying to break for whole year, we just can't go to any bigger bull run with testing it as support only for 10 minutes in that flash crash we had from first reach of 12k. There is huge bullish sentiment out there, people are dreaming and hoping about new ATH and the easiest path to cause some pain is to screw some longs. If that is the goal, than we might move even below 10k for some short time as I guess most of stops are just below 10500 area. I am still bullish and I believe we might at least try for 14-16k area, but retest of 10.5k is needed very soon. I think most probably now. PS. This is not financial advice, I am not shorting this level, I am not even going into dollars now, but we should be careful to not do anything risky yet, like going full mental with longs. Even the end of this small bull run is not out of question. It could have been a sucker rally and we still could go to 6-7k from here and it wouldn't be anything chart-ruining.
by Seleme
XAUUSD 1940.49 - 0.33% SHORT IDEA * COMPLETION TRENDGood Day Everyone a look at GOLD which hasnt seen much change on higher time frames The move keeps price in consolidation just below the record highs and the risk remains for a deeper setback near-term while below resistance. These are the updated targets and invalidation levels that matter on the gold weekly chart. Coming down to the 4H chart we see the chart rallying down with the bears currently consolidating in a bearish flag which could possibly signal continuation to the downside to confirm the 1234 move confirming that GOLD is in a down trend. looking for continuation of this move. lets see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 1911.43 TP 2 - 1861.30 SL - 1963.88 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
OANDA:XAUUSDShort
by PULEMokhothu