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EUR/USD Post Trade Breakdown Hello Traders, Here I've got a Post Trade Analysis and breakdown on a trade I took for EUR/USD. Remember, this is a post-trade. Meaning this trade for me has ended so please do not take this trade as it is not current and I have closed my positions. This is just for educational purposes showing you what I did with this trade and what I saw. To start off I was Looking at EUR/USD on the 4H & 1H. I found a Rising wedge formation indicating I could see a short on the pair. I put this pair on my watch list and was waiting for the breakout. As we know a rising wedge in a downtrend does suggest a continuation in the previous trend. I saw a decent Zone at the top of the wedge around the area of 1.09916. After seeing a clean rejection of this zone price was sent back to the downside and this is where we found our break of the wedge. As you can also see I found a trend line. It was a weaker trend line but it still played a role in my initial analysis helping me see a possible rejection. Below I have an image on the 4H what I was seeing and then I have a further breakdown of the trade on the 30 minutes showing my entry points. Here I have a screenshot showing the 30 Minute time frame on my trade on EUR/USD. I knew I was looking for a trade and movement to the downside. My next step was finding entry points to enter this trade. As we know when looking at patterns we have to look for the breakouts of the pattern. We found our breakouts clearly on the 30 minute and 15-minute time frame. When I find trades on the 4H & 1H I find my entry points typically cleanly on the 30 Minute and 15 Minute time frames. Here I found my breakout of the pattern with two entry points. As you can see I have two zones marked up with Green. For my first entry on the trade, I found some Pin Bar candlesticks around my first green zone of 1.09370. As we also know when we see a pin bar at a resistance level it suggested to me a move to the downside. So this was my first entry on the trade. Now I quickly saw possible levels of support and resistance where we could see price slow down. (MY Second Green zone). My second entry point on this trade was at my green zone around the 1.09161 level. I once again saw a pin bar formation here at the resistance level showing a move down was in order. I made an additional trade entry at this point. Overall I caught 70 + Pips from my first entry and roughly 50+ from my second entry. Like I said this trade is now over and complete. If you have any questions on this trade breakdown and post-trade analysis please comment below or ask in the telegram!
Education
by loganMullinix
Bitcoin Has Reached The Resistance Of The Ascending WedgeSince reaching a low on March 13, the BTC price has likely been trading inside an ascending wedge, which is known as a bearish reversal pattern. It is approaching the end of the pattern, which is projected to be on April 9 the latest. I think the price will break down for several reasons: Volume has been decreasing throughout the pattern, which is common in descending wedges. The volume is extremely small in the current candlestick, even though that is a bullish engulfing one. This is a bearish sign that suggests a lack of buying power. The resistance line of the wedge also coincides with the confluence of resistance levels, such as the 50-day MA and the 0.618 Fib level of the entire downward move. This suggests that the price is likely to eventually break down from the wedge and head towards the $5900 support. Please leave a LIKE if you enjoyed the analysis.
Short
by BitcoinMaximus1
Adam & Eve Double top pattern testing the neckline; Fakeout zoneThis is starting to look really ugly for bitcoin now as we are testing the neckline of what appears to be an upward slanted adam and eve double top. If we are to trigger the breakdown here we have a target of 4600-4700 which would be a horrible sign for btc as it would suggest a lower low from are most recent bottom is in store for price action. However we must remember it was this same time of year in 2018 where we were charting an adam and eve double bottom and it too went all the way to the neckline acted like it was goign to complete only to fakeout at the very last minute and destroy countless longs positions along the way....so learnign from recent history, there is still a very real possibility this pattern could be trying to accumulate as many shorts as possible here at the neckline in order to confirm a fakeout out the last minute and wreck a ton of shorts like it rekt all those longs in 2018...for this reason we must remain level headed here not buy into the FUD and wait for clear confirmation of either the breakdown or the fakeout. the eve portion of this potential double top is also an upward slanted 4hr chart inverse cup and handle so if only that portion of the double top pattern were to validate it in itself has a breakdown target of 5k. I personally think however it is either going to validate the entire double top or nothing at all if it confirms the fakeout. If it confirms breakdown target = 4.6k. For now we are still in the fakeout zone.
COINBASE:BTCUSD
by DrDovetail
5
SPX Correlations Broken Down vs 10y yield, Oil and GoldThought it would be interesting to visualize the recent breakdown of correlation coefficients between the equity markets (SPX) vs fixed income (US10y yield) and commodities using a weekly chart and plotting the correlation coefficients vs the following: WTI oil (growth indicator) and gold (safe haven). A correlation coefficient of +1 indicates assets moving very strongly together and -1 indicates assets moving inversely (in opposite directions) to one another: 1) SPX vs 10y yield: bonds initially bid in flight-to-quality and then sold off along with other safe-haven fixed income 2) SPX vs gold: same thing, initially bid up then sold off (lots of portfolio margin calls, investors scrambling for liquidity/cash etc.) 3) SPX vs oil, correlations broke down to begin 2020, but then moved up to a very strong positive relationship into the heavy market sell off.
SP:SPX
by arigolden
1
F SHORT potential on trendline breakdownAs F breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8 Factors leading to the decision: Medium-term upward trendline broken A recent small retracement created a lower-high which is an ideal place to put a tight stop for the trade As always, use a tight-stop and if it rips down, let it run and trail stops behind.
NYSE:FShort
by ericsolan
TECH Short trade on break of upward wedgeTECH recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $190 Factors leading to the decision: Price was rejected trying to make a new high in January, creating a new minor downtrend Heavy volume as it broke the upward trendline Today (entry day) price came up to re-test the trendline and was rejected Price has crossed and held below the 20ma two weeks ago Two recent high fractals offer great places for tight technical stops As always, use a tight-stop and if it rips down, let it run and trail stops behind.
NASDAQ:TECHShort
by ericsolan
Chart of the day: Make it or break for the $NQAThis is a follow-up from the Bounce Zone series of charts where I highlighted equity indices were at key support levels. After of a week oscillation, the $ESA and $NQA have formed a potential Gartley formation. What is a Gartley formation? A Gartley is a bullish reversal pattern which is found after severe declines, characterized by short-term double tops and not breaching the last low. If this is indeed a Gartley, the upside target is around the 9185 region. Now, personally I think the Americans do not know what they don't know about the potential economic impact of the CoronaVirus. Since on Fridays we usually get short covering, therefore the Gartley may not be a Gartley after all. The NQA just made a lower low and the ABCD projection is around the 7400 region; which coincide with a Weekly SSR and long-term trend support (Link up all the troughs from 2010 to today and you'll see the long-term trend support). Both outcomes are within the realm of possibilities and I would rather let Mr Market tell me which direction he wants to take.
CME_MINI:NQ1!
by WellTrainedMonkey
PHIVIDA CBD Energy Drink. Made in Canada with Organic Debt. Tickers VIDA (Canada) and PHVAF (USA) have been in trouble for a bit. Tons of failed descending wedge breakouts over this last year, which was an inherently bearish sign during a bull run. I think with global supply chain gluts and the corona-virus threats we will see this descending triangle break down to near few penny's, specifically $0.02 or less. On the rare chance it breaks up and out, I can see us going towards $0.18 This is a do or die situation in my opinion. I think this market might be ready for consolidation, but I honestly hope that I am wrong. Please give me a Like / Follow and check out my other charts. Comments are welcome if you agree or disagree, let debate it. I have no skin in this game and this analysis is pure speculation, not financial advice.
V
by ChartProphet
1
Odds are stacking up for a breakDOWN in S&P500 & friendsPreviously noted that on a particularly critical day, the S&P500 closed below expectations thereby giving heads up of the near term imminent downside. This morning (UTC+8), in the ES1! Hourly chart, we can see a potential double top of the rebound. The next few hours in Asian trading time would be critical, and we expect a path of lower lows and lower highs to follow (guided by the yellow line on the chart). A support level is drawn with an s,era as it serves as the first indication of the floor giving way. Watch it for the minimal downside target drawn previously as the bright red ellipse. This should be validated after breaking the immediate support and a series of Lower Highs, and Lower Lows follow. Technically, the MACD suggests at the double top is likely to hold, as opposed to a breakout above the resistance at 3130. There is a slight bearish divergence which should deliver today.
CME_MINI:ES1!Short
by Auguraltrader