DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 14332 (stop at 14401)
Price action has formed an expanding wedge formation.
Short term MACD has turned negative.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Trend line support is located at 14400.
A break of 14330 is needed to confirm follow through negative momentum.
Our profit targets will be 14124 and 14024
Resistance: 14430 / 14470 / 14500
Support: 14350 / 14300 / 14200
Short-signal
NZD/CAD - We have our Predicted Break to the DownsidePrice has broken out of our range to the downside, following our forecasted price path. Lets see if we get any retracement to test our range support level as confirmation to enter a sell position.
Bulls failed to create a new high in the market before bears took over and since we've seen a strong break of our range support.
Keep your eyes on this one! Check out related idea!
Any questions, drop me a DM.
USDCAD - Sell BiasFollowing higher timeframes such as Daily & Weekly, we can see that USDCAD is in a strong downtrend. We were looking for a breakout of the structure and for the price to come and test these key areas. We saw a weak move through Asia and price is now hovering around our entry. Price could break out of this zone and move to a bullish side, we'll just wait and see what price does around London Open.
AUD/USD - Following our Predicted Price Path!Yet again we're predicting market moves before they happen.
Check the idea we posted on January 26th (Linked).
Price broke out to the downside, pulled back to test the bottom of our range and is now continuing its descent in line with our forecast.
Message me for more information! And please ask me any questions you have.
Happy Trading!
AUD/JPY - Price beginning its DescentWe've been bearish on this pair for some time now after a previous break of structure. Price retested the highs and tanking rapidly so far today.
If you want to learn about this analysis, using highs, lows and key structures just send me a message on TradingView.
Happy Trading guys!
AUD/USD - Break of Flat Channel and Dollar Strength ExpectedWe can see price has followed our first initial price path by falling to our support zone in our flat channel. Bulls are sitting at this level once again, but will they be able to take price higher once again? Or will we see a break of this structure?
Happy Trading - and as always, any questions please feel free to shoot me a DM!
AUD/JPY trade planWhen we look at the chart we can see that the price has not been able to break the resistance zone. This is a good chance to go short.
Let me know in the comments what you think of it and feel free to share your idea for this pair.
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If you hae any questions, feel free to PM me.
GBP/USD - More Dollar Strength on the way?Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week.
We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period.
Will USD strength continue into next week? Could we see price test 1.35?
AUD/JPY - Third touch of top trendline coinciding with...A key long term resistance zone. Price is getting squeezed in this rising wedge type structure. This week we've seen indecision with increased sellers in the market at this key level. Will we see a break of structure and move to the downside?
Happy Trading. And always manage risk!
Long and Short set ups for the current price !!! $BTC
LONG SIGNAL:
I would long from the breakout of the upper line, targets will be 39k & 40K
SHORT SIGNAL:
I wouldn't short right now, but if you want to short from here your first target should be $37500, then trade with support levels.
WE ARE OVERBOUGHT ON LOWER TIME FRAMES