Downtrend
EURUSD 1H big hidden convergens Best Traders,
in this study i want you to pay attention from this convergens senario,
EURUSD in down trend and there is a small divergens raised the price a little (but) there is a big convergens in most case make continuing for the down trend ,
i think we should wait alittle before to be bullish on this pair , firstly lets us see a breakouts for the down trend and after that build up for good price action to confirm the breakouts , other than that we wil just wait for oposite price action to confirm for us the continuing of down trend,
thanks
$SHOP emergency - down 15% pre-marketSHOP has been hovering around the covid lows for months now. Earnings coming soon. If we break the $30.50 support, hasta la vista, see you around $20. Bad times for this stock, sadly.
BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND.
This week Rates will be HIKED by the FED again .... Act Accordingly
Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets.
The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins .
Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ?
Act Accordingly.
GBP-CAD Short From Resistance! Sell!
Hello,Traders!
GBP-CAD is trading in a downtrend
In a falling channel and the pair
Has just retested the falling resistance line
From where we are seeing a bearish reaction
And I think that we will see bearish continuation
Sell!
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GBP-CHF Bearish Setup! Sell!
Hello,Traders!
GBP-CHF is trading in a downtrend
And the pair has now formed
A bearish triangle pattern
So after some back and forth
I think we might see a bearish breakout
And a move down towards the target below
Sell!
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$SHOP Rectangle pattern trading rangeNYSE:SHOP The price has formed a Rectangle pattern and has been in a trading range since May 2022. A close above $41.85 will confirm the pattern's breakout, with a target price of $51. 40 .
A close below $28.90 will confirm the pattern's breakout, with a price target of $21.75. Note that not every price target is met.
$SHOP remains in a downtrend. A close above $79.00 will confirm a trend reversal, and the price will likely keep moving to the upside.
NZD/CHF Break downKeeping it as simple as possible with a clean chart and good explanation. Hope you will enjoy and profit.
Looking at the weekly and daily time frames, the price is making lower lows and lower highs which indicates a downtrend market structure which is why I am only looking for short opportunities on this pair.
After the 0.786 retracement price made a new low and came back to test the last lower low and was rejected.
A possible new target for this pair is the 0.618 extension level which matches with the monthly S&R level which is around 0.5775.
Also, see my 4-hour analysis of this pair for a more in-depth analysis.
BTC/USD continues down, clearly a bull trap - good luck fellasThis is a continuation of my last post, trap has been activated. (wicks play tricks)
Drop a boost if you like the content.
I see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
BTC/USD is going down - Clearly a bull trap - good luck fellasI see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
GBPNZD | Perspective for the new weekThis is a follow-up detail on my previous analysis as my bearish expectation appears to be intact (check the link below on my tradingview platform for reference purposes). This video explains how I plan to take advantage of a trend continuation to the downside with a caveat.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Update SP; Still going down!SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000.
I see the current increases as a correction in the downtrend. I currently have four stop levels:
Now, 3940, which is the old range of wave N, largest wave in the entire decline;
4040 – the second range of wave N of the current increases;
4137 – KIJUN W1; very strong resistance.
4220-4270 – the third and fourth ranges of wave N; TENKAN MN1 and the cloud on W1.
At each of the levels I will try to take a position – if I am not on any other indices – after confirmation from the lower intervals.
The level I am most interested in is 3, except that I don't want to succumb to the 'best level' emotion so as not to miss the opportunity.
Focus and patience. GOOD LUCK!
UKOIL headed downGood day friends... spotting reluctance has really helped my understanding. From avoiding being caught in the wrong direction to forecasting, to setting targets....spotting reluctance just puts probability on our side... isn't that what we want as traders? to put probability on our side? So you may ask, how do we spot reluctance... going back to this UKOIL chart, I am not personally on this sell because it didn't meet my entry criteria, I was actually looking to go long but what did price do? It retraced into the demand zone , just wicked it slightly and proceeded very close to my target and then headed back to the demand zone.... what you just read is what I call reluctance …. its shows slowing of price and a possible reversal in place... once spotted my bias changed to bearish immediately... I was bearish on USOIL anyway (just didn't get an entry because it moved too impulsively)… with all these said.. we might just see UKOIL heading down as depicted on the chart.