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Sellsetup

Cashing in on Chaos: A Short USD/JPY Breakout Sell-Stop Trade"Dear Tradingview family, Symbol: #USDJPY Strategy: #Breakout_sell_Stop Trade. Trade Call Type: #Short. Indicators: #Price_Action. #Chart_patterns, #Head_and_shoulders Bearish breakout. #RSI_Divergence. RichTL Entry: Short when price breaks below the neckline of weekly H&S Pattern, Weekly Support line and Weekly Trendline. Anchor Time Frame Weekly Trading Time Frame: Daily. Entry Price: 126.701 Stop Loss: 138.469 Take Profit 1: 112.960 Take Profit 2: 100.426 Take Profit 3: 1.10239 Risk Reward Ratio TP1: 1: 1.7 TP2: 1: 2.17 Methodology As an accomplished and highly knowledgeable forex expert with extensive experience in trading various financial instruments, including crypto and stocks, I shall employ a meticulous methodology that entails a comprehensive examination of the price action and critical levels, while utilizing a blend of indicators and chart patterns. My approach shall involve seeking out promising trendlines, as well as support and resistance levels that may present opportunities for price reversal, with the aid of our indicators that will serve to substantiate the reliability of our analysis. Once I have completed my assessment, I will ascertain the optimal entry and exit points for our trades, in addition to determining the most suitable stop loss level that will enable us to prudently manage risk. Analysis My analysis of the USD JPY chart reveals a clear Head and Shoulders pattern on the weekly timeframe, supported by a bearish divergence seen on the RSI indicator from the left shoulder to the head price. Despite the price struggling on a daily support line, there are no strong indications from the daily and weekly RSI to suggest a breakdown of this support at this time. I anticipate that the price may rise to encounter resistance in order to expand the width of the right shoulder and create a double top pattern prior to breaking the current support level. Once the support level is breached, the next move will be to proceed with a breakout of the Head and Shoulders pattern, which may potentially lead to a breach of the next strong weekly support and weekly trendline that has been in effect since December 2020. My sell stop entry will be executed once this breakout occurs, following the conclusion of the ongoing tug-of-war between the bulls and bears. This entry will be akin to a smooth descent, much like jumping down from a waterfall. Conclusion: Drawing from our analysis, I have identified a viable opportunity for a short trade. My take profit targets are situated at key support levels on the chart, namely S1 and S3. The RRR at S1 is 1:1.7, while S3 offers a more balanced risk to reward ratio of 1:2.17. My strategy will entail securing partial profit at R1 before trailing the stop loss to the entry point. Overall, I am optimistic about the success prospects of this setup based on our technical analysis. However, it is imperative to remain vigilant and closely monitor the price action to make any necessary trade adjustments in response to new information that may emerge.
Short
by The_TradingW0LF
NZDCHF 1st try A short Trendline break confirms a SELL signal !Our first Major Target comes in at over 7.5r We are often asked what the concept of R or R:R means. Simplified it means for ever $100 RISKED we are looking to get back 7.5 times more, so therefore in the case of this trade we are looking for $750 for each $100 dollars that we are risking. Feel free to send us any of your questions that you have we are here to help and share our knowledge! =========================================================================================================================== NZDCHF 1st try A short Trendline break confirms a SELL signal! Great risk to reward potential on this idea will enable us to take another shot at this trade if it fails after a SELL SIGNAL Check out our other trade posted today. We are still short NZDJPY. We are long JPY overall. =========================================================================================================================== Subscribe to this channel and follow this trade idea and others that we post if you are SEEKING PIPS! ===========================================================================================================================
Short
by seekingpips
This is it people !!!. EURCAD +4OO pips sell offAs you all know, this analysis has been done time and time without number right here on this channel and every single time, price keeps delivering massive profits on EURCAD and today is any different !. Our Head and Shoulders pattern got invalidated but that doesn't mean our sell Bias is invalid. New Signal Alert 🚨 EC PAIR: EURCAD (EURO/CANADIAN DOLLAR) SIDE: SELL (SELL LIMIT) ENTRY: 1.4685 QP (Quick Profit): 1.46OO (85 pips) TP 1: 1.4385 (3OO pips) TP 2: Open STOP LOSS: 1.4735 (50 pips)/1.4785 (100 pips) Standard 3:1 RRR The larger stop is to secure your trade in the case of hunting and liq sweep. Apply proper risk and money management & do not over leverage your account. Romans 8:25 📜📜 1O.03.23
Short
by LaBOSS_FX
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