his lookWe present the analysis in daily time, so note that the time to reach the goal is longer. Considering the recent growth, we are witnessing a correction, considering the divergence and the new bottom, we can expect to reach the set goal
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📅 02.23.2023
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Sellsetup
MATIC\USDT Bearish ChannelAs you can see, I expect the price movement in the bearish channel to proceed in the same way.
Anyway, you should enter positions according to your own strategy.
Confirmations of candlestick patterns and price action can be very useful in these areas
BTCUSDTHello my dear friends
Looking closer at Bitcoin, the four-hour timeframe
We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas.
But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario.
We would be happy to hear your opinion.
FTMUSDTHello dear friends
In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic.
If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered.
Until the $0.5312 range is fully consumed, we have no intention of forming an uptrend in the medium term.
In the four-hour time frame, the RSI indicator has issued a negative divergence compared to the previous price ceiling.
We would be happy to hear your comments
US30 SELLI'm currently in a us30 Sell
Reasons:
-There is huge gap that needs to be filled in the 33900s area (market exhales and inhales to balance itself out)
-I've noticed buying pressure has lost momentum for about 7.5 hours since the rise that took place new york session
-1min has broken price structure along with 20, 50 and 200 ema crossing paths (usually happens we are about to change direction)
-Price is rejecting the current 4hr, 1hr, 30min Resistance
EURUSD Bearish Continuation After the positive NFP last Friday for the US DOLLAR, we saw the Bears taking over the market as price pushed lower to break the red Daily trend line. We're now waiting for a small price correction to make the 3rd touch on the 1 hour trend line go go short. Let me know what you think in the comment section. Best of luck for the week ahead!
Yemi_Fx1 | Short for EURAUDPrice has respect the upper dynamic trendline. I'm expecting an impulsive move, then followed by correction in form of a bearish tight flag continuation pattern to the downside. And I'll be considering a Risk entry type on the third upper touch of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
SELL ANALYSIS ON GBPJPYPrice has failed to break the resistance zone multiple times since 2022. price is at the zone again and we can see the change in market structure to a bearish one which shows us reversal. We can also see a breakout of trend line which also helps us confirm that GBPJPY will be bearish. So we have 3 confirmations now which are failure to break resistance zone, change in market structure, break of trendline. We set our SL just right above the resistance zone. TP1 is at the first support zone at 158 and TP2 is the final take profit at 155 with a risk to reward ratio of 7:1. Risk wisely
NAS100 SOLID RISING WEDGEHello traders!
Nas has been droping after taking liquidity from the high of desmber 13.2022. It has now formed a perfect rising wedge if the pattern is broken there could be a massive drop, i will be trageting 11550 as tp1 and 11330 as tp2. You are welcome to share your idea in the comment section.
US30 SHORTCURRENCYCOM:US30
Potential sell setup on US30. Price broke a key support zone, retesting onto the previous support now turned into resistance.
GBP/AUD Broke The Major Supp Can We Have A Sell Setup ?!there is this minor support that exists on the daily and the 4h timeframe
The support is broken aggressively to the downside which leads to a bearish movement
We need to see a daily candle closure under the support to be sure it will go to the downside
if we have the closure you set a sell limit trade from the support to have a smaller stop loss or enter directedly
COMP-SHORTHi guys
I saw a cell setup on this currency and I said to put it in the channel of this currency based on the price action. It has formed a setup which is called fatigue gap and this is the first reason.
The second reason for a sharp upward movement in a downward trend is that it often turns into a trading range, and this point in the resistance work on this currency, that is, the fatigue gap and drawn resistances, increases the winnings of this transaction.
At the same time, the important support of the dollar index, which I predict will rise, and I will also analyze it, will cause bitcoin to fall, and in the future, the altcoins will fall, the goal is also clear.
be successful
Going short on CHFJPY! Happy Sunday!!
This week we are starting off with a sell on CHFJPY! As you can see from the chart we are seeing rejection at the 140.970 area. We have placed a sell in hopes of seeing price hit the previous support area 137.745 area! Only downside would be if price were to continue to the up side! But only time will tell!
Let me know your thoughts!
Thank you!