audjpy short i see the market going lower as we are mid range and previously seeing pullbacks as we go lower and lower in the chart.
Potentialshortsetup
Watch for Short entryKeep a look out for potential Short entry on GBPNZD, looking for a break below this short multi-week trend
Key levels are as follows :
*2.0119 - 2.0152 - resistance zone
*1.9943 - previous higher lows, potential bouncing point for start of consolidation below trend or a reversal point back into trend
Observations for Bearish sentiment :
1 - Oscillators showing bearish divergence on starting from 30m to 4H.
2 - For now it looks like it is not ready to test the trend support, oscillators showing a reversal from oversold if that's your thing.
3 - Price action looks exhaustive and unable to continue above resistance zone, will see if this short term upside move (point 2) will break that
Trade plan :
1 - For now look out for formation of consolidation below trend , NO ENTRY FOR NOW
Will update accordingly
* price levels might differ based on the broker you are using, however the underlying principle is the same. If the target is the previous price high point, do adapt that level based on what you see on your broker's chart
Antofagasta PLC UK Potential Short Set Up if?
LSE:ANTO
03 February 21
Antofagasta PLC UK
-------------------------
Current Weekly Demand Level is
Holding & price could Potentially
continue to move higher form here.
However If ?
a weekly Close Below 1389
Price Could Potentially fall to the,
Next Level of Weekly Demand,
around 1165 to 1090.
With Strong level of Demand,
around 1073 to 978.
EURGBP 4 HOUR POTENTIAL SHORTING OPPORTUNITY
OANDA:EURGBP
21 January 21 EURGBP Potential Shorting
Opportunity on the 4 hour time frame.
When price return's to the potential area of Supply.
A new VSky™ Bitcoin analysis for January-February 2019BTC failed its attempt to breakout beyond $4.2k twice, once during the last week of December 2018 and then again the first week of January 2019.
My new local short target range is $3375-$3400
We've currently pulled back to the midrange of the local bear flag we're in - (which started after the loss of support around $6400 around 12 November 2018)
I expect an attempt to test the local support trend line around 3375-3.4k this coming week and then fail there again, which will lead us to a new low around $2875, after Valentine's Day 2019.
*I believe the market will become stagnant with continued stair stepped downtrend movements to $2875, potentially thru April, with the government being shutdown, I'm interested to see how US traders (us legitimate traders who pay our taxes) approach the trade/tax deadline in April - everyone that applied for 2017 extension in April 2018, got rekt when the Oct 2018 deadline came around and they didn't have the money to pay their taxes. Interesting times, we're in
**this is an updated idea from an idea I published in June 2018
