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Short-setup

NZD/CAD - MONSTER SHORT IN THE MAKING? +900 PIPSI will be posting the Monthly view of this pair as well to show the bigger picture but there's a lot of evidence that makes me believe we could be seeing a huge sell-off. We're currently forming leg C of what I believe is a simple Flat correction. Furthermore Leg C sometimes comes in the form of an ending diagonal which is what we're seeing now and we are anticipating Subwave no.5 Reasons to sell: 1) Weekly RSI Ovebought 2) Bearish RSI Divergence on the Daily Waiting for a candlestick pattern to confirm the sell.
Short
by Aqua_Trader
1
EUR/NZD - A LITTLE UPDATE TO THE WEEKLY CHARTI know I could have posted this simply as an update to my previous EUR/NZD chart which states LONG bias on the Weekly chart, but I felt like this was a setup worth posting individually. While the Weekly chart is still valid, we have a good enough short setup at the moment. The pair has formed a Head & Shoulders setup on the 4H which indicates some selling pressure at the moment. H&S are one of my favorite setups and they work consistently well. We also already got a retest of the broken structure (Grey area) and already showing downside momentum. Have a look at the Related Ideas section to see how well this kind of setup has worked for me in the past specifically the AUD/JPY pair My personal details: Short @ Entry: 1.6790, SL: 1.6850, TP: 1.6690, RR: 1.67 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
2
A TAKE ON - GOLD (US$/oz)Expecting Gold to make one more move up and retest the 1340-1360 levels before coming back down to the 1130. It 's still a little early to say whether it will be a Flat correction or not but I'm definitely expecting a move to the downside. The possibility exists that it won't go for the 5th wave up and will just drop from where it is now. Whatever the case may be the overall bias is definitely bearish not bullish for the recent future according to my analysis. Any buys should be very short term in my opinion. My personal details: Short @ Entry: 1280 or 1360, SL: 1400, TP: 1130 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
TVC:GOLDShort
by Aqua_Trader
1
GU Wave Riders!GBPUSD is a beautiful pair at the moment. Price has pulled back to a 38.2 fib zone and lower Time Frames are crating seller momentum. Structure is important to analyze before, during, and after your trades. All Technical Analysis and pure structure. Using Fib levels as Take Profits. Enter on pullbacks and your own confirmations. Most Likely TP @ 1st TP, then re-entering. Not predicting huge amount of pips but intra day setup can easily turn to TP 2 & 3 with momentum. *************** Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Short
by draked11