Bearishpattern
Dow Jones looking bearishThis chart of the Dow Jones Inustrial Average does not bode well for the shot term future. Fact that it has dipped below its 50 day average , and the low close bar of February 8th continues to signal that this market wants to push further down. I don't want to be the doom and gloom guy, I just read it like I see it. Expect more bearish price action in the coming days.
USD/CAD Bearish "5-0" pattern.Thought it was only right since I published AUD analysis this morning I publish CAD as well enjoy :)
A bearish 5-0 pattern formed on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand/supply present on the chart as overlapped).
Extended target PT = 1.21527
Happy trading :)
Brad.
A Clear H&S in CAG 40A clear pattern trade
We see a clear H&S and French public sector workers also went on strike on Tuesday against President Emmanuel Macron’s plans to cull jobs and toughen pay conditions, forcing airlines to cancel hundreds of flights and disrupting school activities. At this moment the CAG40 is being supported to protect investors, this can't go on. We need to see a price adjustment. Strike notices were lodged in schools, hospitals, airports and government ministries over plans to ax 120,000 jobs, freeze pay and reduce sick leave compensation.
in my opinion, there is a good chance this H&S will be completed in the next 2 days, both Technical and fundamental
Entry: Fib.78.2
Target:
Move stop-loss:
AUDUSD - Long / Short OpportunityAUDUSD - Long / Short Opportunity
1W Timeframe
Week Trade #1
This week looking for a BUY / SELL opportunity for this pair for a total target of 182.1 pips.
With the Pivot Point @ 0.8009 and the Psychological Level of 0.8000 holding, along with remaining well above 0.7965 support:
Phase 1 Tentative:
BUY Entry Market Order @ 0.80236
T/P @ 0.81154
Believe price could go as high as 0.8190 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 0.81309
T/P @ 0.80406
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 0.8081 R2 0.8059 R1 0.8031
S1 0.7980 S2 0.7958 S3 0.7930
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
NZDJPY 2 BEARISH PATTERNSHi every one,
just an idea i am not a pro i tried to explain all the things in the chart ,
i see 2 harmonic patterns a bearish BAT and a bearish AB=CD,
time frame is Daily or 4H, targets are Fibonacci levels.
any suggestions are welcome, 2,3 minds or more are better than one :-)
thanks
AUD/NZD in a clear opportunity for explosive breakout (1)AUD/NZD made Lower Highs and Lower Lows till price got stucked between $1.05 resistance and $1.04 psichological support (purple horizontal-dotted lines). Also, @ $1.04 there is another support from rising trendline. (green rising line)
Because we got Lower Highs and Lower Lows (magenta arrows) on this move, then it's normal to suppose the move will continue and our "bet" will be for the short side.
GBPNZDbearish patterns (2)
possibility for a head and shoulders structure. otherwise the consolidation area will continue in down trend
rsi is rising up
p.s the trend should go up due to bullish candlestick patterns ( you can see it on timeframe 5min); "for this reason the next candle should be a green one"
IGT - Bear flag formation Short from $23 to $20.13 IGT seems forming a bearish flag formation. A break of $23 will be flag pattern breakdown confirmation. And we think it can go down to $20 area at the breakdown.
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EURNZD: Bearish Bat PatternA short opportunity might be coming the next days at FX:EURNZD . Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the price is ready for bearish correction. Potential targets give a RR of 1:2 and 1:3.5.
Look for price reversal signals in entry zone at point D.
USD/CAD downwards momentumUSD/CAD has broken a long term uptrend and is now stuck in a bearish channel. It looks very weak at the moment but if it can make its way back up to the top of that channel the risk reward for this trade can be advantageous. I would expect a lower high followed by a lower low.
YAHOO possible Bearish Shark PatternLooks like completed bearish shark pattern. Looks like uptrend loosing power. Maybe hacks steal was the trigger for down trend.
On 1H chart we broke 240 MA, made pullback. We are on top of trend line, third attempt. If it holds we could go down.