USDCHF Descending Triangle: Bears BreakoutHi Traders
In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out.
Thanks for viewing.
Disclaimer: Analysis is subject to market changes.
Bearishmomentum
EURGBP Triangle Pattern: Bears BreakoutHi Traders!
Since the month of November started the bears have been in control on higher timeframes. We've seen EURGBP form lower lows and lower highs on most timeframes but recently the market made a strong push up (from point A - 0.88616 to point B - 0.90044) forming a lower high and continuing in the overall market direction. In the last two days the market formed a higher low (point C - 0.89147) and a lower high ( point D - 0.89637) again confirming the triangle pattern on the chart. As we head into this week the market has broken out and retested showing that it is still moving bearish in continuation with the trend.
Thanks for viewing.
Disclaimer: Analysis is subject to market changes.
Ethereum was forme a simetric triangle; Ethereum down!!!So, in this updated that I make in my update of my previously technical analysis. I detect in H1 that Ethereum is bearish and the price is decline towards the $392 USD!!!
In H4 timeframe, Ethereum is leading bearish. So guys, this is a great opportunity to take benefit in this correction what Bitcoin and Ethereum do.!!!
Always remember not just to check out in H4 timeframe, it;s very important to know Daily, H4 and H1 if you're intraday to keep see the possible and next movement to predict i the market!!!
Good luck!!!
So, you can to entryi n Bitcoin and Ethereum if you're not entry in short position. Good luck, The SL and take profit it's in this indication!!!
AUDUSD ShortAUDUSD S Trade Ideas
ALOHA Traders!
The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do.
1. AUDUSD S (not in position)
D - On bigger time frame (Weekly) Price hit a double top of a range and tanked hard after, falling back into the range and broken below 50 EMA with strong bearish momentum. Looking to hold this one longer to the downside for a near +4% net.
4HR - Ascending channel has been broke after a correction at the bottom of structure. Nice bear momentum.
1 HR - At this point, price will continue to hover in this area creating a nicer/cleaner confirmation pattern for a possible entry to the downside.
15Min - similar to 1HR. Price reacting smoothly to end the week.
As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens.
SL set at 71 pips.
Target: @ .6700 level.
Sell Ethereum: Pull back confirmed!!!Hello, we see that Ethereum goes to the $333 USD again because there are not bulls to wanting to buy Ethereum as Bitcoin too, so I believe that we could see a big manipulation of the crypto-market, beware to putting long position!!!
This is a communicate to change our idea to a short position.
DXY potencial sellHi everyone, dolar index is making some 1h correction now, and first i expect some small drop to make new lower low in that correction, then price will push higher to make new higher high in 4h correction and confirm expanded flat, so my view on dolar is bearish, be patient traders and wish you a lot of profits :) Please fell free to comment and share your opinions!
Money flowing out of the market & a major momentum switch!!The market is bouncing around key support & resistance levels but some of them are soon due to be broken. The squeeze momentum indicator is signaling a first bear run since the drop in February–March. Also, the money flow index indicates that the money is rapidly heading out of the market.
When combining technical analysis with the fundamentals of the economy I see it more than suitable for the market to see a major pushback.
NZDCAD- Bearish Momentum On The Reversal Of The Supply Zone!-Very good opportunity to sell at the supply zone which is in confluences with the 38.2% level.
-The Ema is above price suggests Medium term bearish momentum on the pair.
-Price previously broke the ascending channel which is also another indication that price could retest the supply zone and then we could start to see bearish momentum for this pair.
Wait for price to reach the zone and look for bearish candlestick formation to enter this pair.
DKNG is a fat pig of a stock and it is about to get butchered.I mean they have outstanding debt and their price has been pumped up during a time where consumer traffic is less than their usual. I personally think a negative earnings is coming and it will hit the price hard.
I do not usually have a position during earnings but this stock slapped me in the face twice and I think having a put on it will be a safe trade. Possible upward movement is their recent high of 28 dollars and downward movement could result in a price of 17-19 dollars.
Double Top & Bearish Momentum, 70% Sell OpportunityChart Patterns: "Double Top", "Adam & Adam"
Candlestick Patterns: "Strong Bearish Momentum"
Entry price: 1.24000
Stop Loss Price: 1.24762 (76 pips)
Take Profit Price 1: 1.22994 (100 pips)
Take Profit Price 2: 1.22472
Take Profit Price 3: 1.21635
Estimated Duration: 1-3 Days
Probability to Meet 1st. Target: 70%
USDCAD Bear In ActionBear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how pound and euro kicking butt of buck too I assume at this point we should not consider a strong king ( buck ).
NZDUSD - FURTHER DOWNSIDE ?NZDUSD on the weekly timeframe looks to create a closing bearish engulfing candle.
With data from the US still topsy turvy / if, but, maybe a trade deal, then the uptick in NZD may have to wait a while until it finds buyers at a lower level around the 0.6090 August 2015 spike.
Trades to the long side of NZD are increasing but the strength in USD may well keep it subdued. Maybe look to trade it against a weaker currency ?
Keep a look out next week on the price action to see if NZD drops below previous structure lows for clues to see how much further the downside will be.
Why BITCOIN WAS STUCK ON 10K ? Follow the Week Wave!Hello followers,
It is great to be back on TradingView, I love this job.
So, the big question is, why were all the bulls wrong??
Why BTC bulls got trapped on 10k, and now are running scared from BEARS...
That is not an easy question, but single numbers could tell a lot.
Check out these numbers of accounts and how many coins they have. If you check closely you will see that few accounts have most of the coins.
bitinfocharts.com
On the stock market and crypto, and everything you can sell, normally, less available means more expensive, or higher price.
So, one way to trick the market is to re-buy your own shares or concentrate it on few hands, so others will try to buy it and not be able.
But, and this is important, notice I said, "TRICK" the market. That means, it is not natural.
Eventually, investors will see that manipulation is happening, and will notice that price is not in the right place, but overbought.
A while ago, I stopped doing BITCOIN ANALYSIS because I could see manipulation on the chart.
Suddenly my analysis were not working as they used to work.
Now, everything changed, and that is why my charts are working again.
Investors are not buying it, because many difficulties are ahead, and there was another bubble...
What you are looking at is a weekly chart, main resistances (red) and main supports.(black) and Next Targets..
Let's ride the wave.
Good Luck
BITCOIN - #BTCUSD - ANOTHER RESISTENCE ON THE LINE - TARGET HIT!Hello Everyone,
When everybody was calling Bull, we called SHORT, and there it is, the chart worked like a charm.
The target of U$ 8.226 was hit, and now a new resistance line is ahead of the price, that means will need a lot more strength to back to go back to 10k.
A new broker is open bakkt, this move down hard could be related to investors making huge bets on Bitcoin fall.
I will make another analysis to see what could be ahead.
Stay tuned.
Thanks for Following and trusting.
Head and Shoulder Chart Pattern on BCH EURDear Reader,
As I was reading charts, I came across this head and shoulders pattern. This pattern is highly respected and valued among traders.
As addition to the Pattern the MACD is crossing the signal line, giving an indication of bearish momentum. The Price seems in an stable (as the RSI indicator shows)position and has room to move. I am excited to see if my prediction will be a successful one.
Warm regards,
Morning Light,
GBPAUD - looking for a good price to re-enter short!From my last post on this pair, we did see that push to the downside based on a couple of economic factors. First the speculation of the RBA cutting rates did not occur like I suspected. Instead the rates were held in at 1.50%. Keep in mind we know the RBA will cut rates and now we might see that come in as early as next month as they have now stated 3 rate cuts might be occurring this year. That tells us those have already been priced into the market. Looking at things from the pound’s perspective, we have the Brexit dilemma which keeps getting a twist especially with the resignation of Theresa May. A lot of rumors are going around that Pro Brexiters will push for a no deal while the other extreme want to remain in the EU. The British will not be able to renegotiate the deal May made with the EU. Hence two things, either they revoke Article 50 or a hard Brexit will happen and it won’t be pretty.
Moving to the technical analysis of this pair, I am looking for a retest of the 1.85 - 1.86 area as we currently sit on a temporary support to re-enter going short on this pair. The MACD confirms the bearish divergence just like I mentioned in my last post and with the fundamentals looking better for the Aussie, I am looking for this currency to pick up some steam. We should be seeing the 1.82 Price area once again.
Remember, patience is key! GL
DISCLAIMER!!!!
My Ideas are mine and mine alone and are only to provide my perspective of the current market situation. Do not take my posts as trading decisions for entries or exit. Trading the FOREX market is very risky and indulge in it at your own risks!