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Short-signal

USDJPY | Bearish Predicament Certainly, here's a revised version without adverbs and including the importance of waiting for price action: The USDJPY currency pair is currently trading at 131.200, but there are several indicators suggesting a potential downturn in the near future. The moving average ribbons indicate a bearish trend, which could signal a reversal in trend and a correction to the downside. Additionally, momentum indicators such as the Relative Strength Index and Stochastic Oscillator show overbought conditions, suggesting a weakening buying pressure and a possible shift towards a bearish sentiment. Furthermore, price analysis indicates that USDJPY may be headed for a decline as it has failed to break above the 132.000 resistance level and has formed a bearish head and shoulders pattern, both of which are classic technical signals for a potential reversal. However, it's important to note that one should wait for price action to confirm future price movements and where the market wants to go before considering any trades. Overall, based on the above indicators, there's a possibility of USDJPY declining to 129.740 in the near future, but it's important to wait for price action to confirm the direction of the market before making any trading decisions.
Short
by percifying
2
Bearish Entry Signal in AUDUSD at 0.66685 LevelThe AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price to rebound slightly higher, and then break the pattern with clear momentum at the level of 0.66685. Breaking this level and stabilizing below it can be considered a bearish entry signal, with the target being 0.660 and then 0.657. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB