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Reversal-trading

Alert - BTC - Hang On We May Have A Reversal This is a 30 minute chart for illustration purposes. I've been referring to 4 hr and 1 day charts until now. BTC just bounced at the intersection of the descending wedge and the lower line of the larger price triangle as I had outlined in the last email This is a very hopeful sign for an end to the current down leg. Looks like the shorts lost their shorts in this one! That is why I never ever do margin trading. A close of the 4 hour candle over the 8160 Mark would be a real plus to confirm an upward trend.; Just beware if the climb it too parabolic there will be a retracement. However I would expect the retracement from above 8160 to fall and bounce off of the 8160 line and resume upward. This could be a trade setup for short term traders. Disclosure, I've put half of my trading funds into BTC at 7800 and the other half is still working spread trades as a hedge. Remember, I keep most of my funds in long term investment of our portfolio For that reason much of my investment in blockchain is currently at a paper loss. I'm not concerned by this it's only temporary. I've held the bag on stocks for many months util they recovered in the past. By comparison, blockchain investing is light speed. I am not a registered investment advisor. Do not interpret my writings as investment advice or as buy and sell signals. The sole extent of my relationship with you is to advise you on my thoughts, opinions, and activities. I make no other warranty and take no responsibility for how you invest your funds. Do your own research and due diligence on all investments. You make the final decision whether to invest or not and you take the sole responsibility for the outcome.
by 6Shooter
Short On AUD/USD SELL SELL SELL !!!Reasons for -Firstly on the four hour we are in a area of congestion and sideways -We are making lower high -we have bounced of major long term trend line on the four hour with a Bearish candle -Previous candle was a doji -Also we created a corrective structure to the upside and we have broken it -So we are ready for the next impulse move to the downside -Not only Price action is bearish but also wave patterns are showing bearishness these two together a deadly combo! -We are also trading on the 0.5 FIB level on the lower timeframes Daily -On the daily we are bearish in terms of trend (We are down trending) -This recent move up could be a correction before we see anymore bearish movement and building up steam for a big move down -On the daily we rejected the 0.618 FIB level which shows us the retrace or correction may be over and ready for some bearish movement again -Of course the lower highs are more seeable on the daily (clear down trend) -Also on the daily we got a tweezer top a sign of reversal :) On the weekly -Once again we are down trending the trend is your friend -The past two weeks have been DOJIS on the weekly now we are at a strong trend line maybe time to get bearish candle ? to signify the down move -On the weekly we are getting lower lows which is great but this is more of a long term view Overall im bearish across three time frames i do believe we need to go lower if we do want to see any bullish movemnt if it does come but thats for the future at the moment i believe AUDUSD next level will be 0.7000 Then possibly lower but for now 0.7000 is in sight after we had the Last impulse and corrective structure i think its time for a big bearish move All we can do is wait and see :) My entry 0.70904 1-3% Risk Per trade Trade safe all the best :) If you liked this analysis and Setup Follow and give thumbs up Also id love to hear what you guys think of the setup :) Wishing everyone a great trading Week :)
Short
by ARFXC
8
Short On AUD/USD SELL SELL SELL !!!(Change of heart after break)Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is an aggressive entry you may want to wait for the pull back :) On the daily we have put in a bearish engulfing also the previous daily candle was huge bearish candle ! on the daily we can also price making Higher lows ! so we are headed down now i believe My entry 0.70430
Short
by ARFXC
15
Short On EUR/JPY SELL SELL SELL Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with the trend -Price has come to our major trend line and bounced of as trend line is acting as Resistance -Price put in a doji almost right on the trend line then a nice big bearish engulfing -This clearly signifies to me there is alot of selling pressure at this level -Also we have been putting in lower lows and lower highs (Clear down trend formation) Price has always reacted from this trend line so i dont see why it wont again also following the trend this is a setup i like nice and high probability So is it possible to put a new lower low ? and make it all the way down too next key level off 125.00 My entry 131.045
Short
by ARFXC
26
Bearish divergence on USD/CADUsing bearish divergence to build a case for reversal trading on USD/CAD with the following favouring a potential short scenario: - resistance (3rd touch) at ~1.2800 - bearish high test close below resistance - price reaches and closes below 1.272 Fibonacci extension level - Stochastic and RSI bearish divergence entry - below low of high test stop loss - above high of high test (placement is discretionary) target - 20 or 50 ema, or previous horizontal level Caution for conservative traders: Fed Chair Janet Yellen testifies at 10:00 EST
Short
by amanpaulbhogal