Downtrend
MichFX | GBPUSD started the next round of bearish movement
With an overall bearish trend , GBPUSD has finished a week+ bullish movement by reaching a strong resistance zone . It broke the ascendant channel and started its bearish movement. A successful retest of the zone will confirm the downtrend and will give more confidence to open short positions.
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MichfX | EURUSD in the trading zone for short positions
EURUSD over trend has been bearish for a while. It has bee lately in the consolidation phase and has reached my trading zone where i have been planning to open partially short positions. I will be also looking into peneration and retest of zone 1.01280 before opening more short positions.
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dow jones in 15min take the chancedear traders and investors dow jones finlly breaking this trend line as support i expect to sell dow jones and target will be in 32785
BNTX is facing an armed angry bear !Angry bear has mad a weapon integrating three powerful and heavy elements and waiting for the stock to hammer it down !
Long term down trend line , 200 days moving average and lost golden ratio Retracement level are the elements of the bear's weapon.
Can BNTX make a heroic attack and defeat the angry bear? Not without a powerful comparable weapon I think. It needs a brilliant earning report or next wave of Covid or more positive sentiment in all market to survive facing such a frightening enemy.
Anyways, I am excited to watch this up coming battle ! Who wins? Lest follow and watch closely.
FEAR GRID US CHINA TAIWAN BUY DOWAll Over fear News Viral Over China Us Stand on Taiwan Buy DOW with atarget 33500 Till Friday New Breakout Trade
Sell The Rally For GoldOverall trend which is shown by d1 chart xauusd remains bearish. Candle is still running below ma 50. Candle is running below the cloud of ichimoku too. But macd is crossing up below 0 area upward. For this sort orf market I prefer to sell the rally. The moment would be whenever gold rally up near the upper parallel down trend chanel. That is the moment to SELL this week. 🙏🙏🙏
I will remain bearish for gold until the d1 candle able to breaks above and stays above the cloud of ichimoku.
Bitcoin uptrend or yet another Bull Trap on Bitcoin. IMOBitcoin has broken above a previous resistance line. Although we are not in the clear, my outlook is still bearish. I am still looking for the $9K bottom. Hopefully I am wrong and we have a picture perfect scenario happen.
The sad fact is life doesn't always have a picture perfect ending. I wish it did for my sake. The charts show a nice sign of relief incoming. The market attempting to set higher highs and lower lows.
That doesn't seem like a great sign but it is a sign that the bottom is getting closer to being found. We haven't found a clear bottom unless we conclude this cycle with $17,500 as that bottom. In which case I could be considered wrong. I wouldn't complain.
BTCUSD, Daily, Continuation of the downtrend?Due to a similar formation that has already occurred twice, I predict a breakout from the channel and further drops, maybe to the retracement of 13850, where there is a demand and a fibo retracement. Even stronger support levels are on the retracement of 10850 and on retracements lower than 9000 (also fibo levels). This construction is based on a channel, a false breakout, and a bounce of the downtrend line. Because the price bounced off the trendline triple (I count only main bounces), I think that it is the last or penultimate bounce. We are still in a downtrend. Following that, I would forecast consolidation-accumulation.
As my forecast is quite complex, chances are it will come true according to the arrows I have drawn. It is possible, for example, that we will have a head and shoulders pattern (or as I call it, a Dick pattern) + a rebound from the downtrend line, not from the bottom channel.
DISCLAIMER
It is not financial advice. It is only my own view of the market.
EUR-JPY Breakout Short! Sell!
Hello,Traders!
EUR-JPY broke the key horizontal support level
Which indicates an underlying weakness of the pair
Thus, the price is set to move lower
After the retest of the broken level
Sell!
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