Short-trading
EURUSD H4 - Short SetupEURUSD H4 - Nice initial drop from resistance as marked up yesterday, DXY seeing a bit of a bounce from that 98.85 support zone, wonder how far this correction may extend... Full rundown to be posted just after London open.
$KDP about to Dip to < $25First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my key insights. Keurig Dr Pepper recently announced its new dividends and has been an under performer this quarter. I was hoping within the last week it would close at a $30 price. Many analyst are giving it a sell rating, and I expect it to at least dip below the $25 price point.
Short US SP500 From here, 2900-3000 levels is a good entry for short positions on US500.
A retrace back to 2700 levels is incoming and perhaps below 2500.
Bitcoin (9500-8800) (Downtrend)COINBASE:BTCUSD COINBASE:BTCUSD BITPANDAGE:BTCUSDT DERIBIT:BTCPERP BITPANDAGE:BTCEUR BITPANDAGE:BTCUSDT BITBAY:BTCPLN DERIBIT:BTCPERP BINANCE:BTCUSDT GEMINI:BTCUSD BITPANDAGE:XRPBTC BITFINEX:BTCUSD
Btc just broke the uptrend , there will be a more down below 9400 its possible we see 9000-8800 in next few days !
9800 is a perfect time to open a sell position and gain some profit !
Stop loss is around : 10000
share your opinions , thanks
GBPUSD May Retrace! Trading Plan
GBPUSD is approaching a resistance line of a triangle on 4H.
the pair is currently quite weak so we will most likely see a pullback.
the strong bearish reaction should start from the underlined blue area on 1H chart
for confirmation, wait for a bearish breakout of a rising wedge.
target levels here a very limited:
1.301
1.298
stop will be above the highest point of the wedge
*if bulls push the market above the underlined resistance
the setup will be invalid and our bias will switch to bullish
It seems to be a good place to open a shortI will seek to sell at the peak after an upward price movement.
EURNZD Short Idea 14/11/19Weekly looks very bearish
- Coming from an impulse, correction, continuation in the form of an impulse, i can see this pair now start to come lower
- Very bearish week so far after being stuck in a range
- Looks like price may come and retest the 1.73250/ Daily MA
- Target area is bottom of channel however the weekly suggests we may come a lot lower
AAPL SHORT OPPORTUNITY Apple seems to be reaching its major resistance trendline. Seems to be overbought with higher RSI and Simple moving average. Apple, in general, follows this particular channel that I posted not too long ago. Since its the same channel, historical patters will show a bearish outlook of the stock due to its current price mark.
Downward Channel On Daily EUHello Traders
Time for tactical trading Tuesday!!
Today i wont be publishing projections as this is a daily setup and prices could deviate a lot.
But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel.
I will be updating with entry levels.
No fundamentals in sight supporting euro in the near future best bet is trend following at this point.
Always place stops and manage risk according to plan.
Trade safe Trade well
BCHUSD Head and Shoulders! Hello Traders!
Welcome to another update,
Today’s analysis will be on BCHUSD, a potential head and shoulders!
Points to consider,
- Overall up trend, putting in higher lows
- Price currently testing support and potential neckline
- RSI coming into tightening apex
- Stoch in neutral area
- EMA’s acting as resistance at current given time
- Volume tapering off on right shoulder
- The .50 and .618 Fibonacci has acted as resistance to price
BCHUSD may well be forming a head and shoulders pattern that could be on the verge of breaking bearish. Price is currently testing the upwards support line which is in confluence with the .382 Fibonacci and local support zone.
The RSI is in a equilibrium, coming into its apex, it will break in the near future, whilst the stochs currently neutral, momentum could go either way…
EMA’s are currently giving price strong resistance at current given time; there is so much confluence in this area proving that a break is imminent!
A break bullish will push price to retest previous resistance zones, which are the, .5 and .618 Fibonacci zones respectively. A break bearish could see BCHUSD tank to and below yearly lows…
What are your thoughts, will BCHUSD head and shoulders pattern come to fruition?
Please leave a like and comment
And remember,
“Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”Yvan Byeajee
Bitcoin holding up at $10,000, is ALT Season here?Hello my good friends. Hope everyone is doing well in this midweek trading session. From my last post, Bitcoin was holding my previous support line pretty nicely, even when Binance went down for a 6 hour system upgrade. Yesterday however, Bitcoin fell back down under my yellow support line showing signs that it has failed. Effectively, I readjusted the line to match the two new double bottom dips that have formed from the past week. This new yellow support line is holding and is now showing a strong bull presence with the RSI recovering from its earlier 30% mark. This recovery is also pushing the price up towards the two exponential moving averages. Taking a look at them, we can see that the 50 EMA and 100 EMA had another death cross last week when the price dropped 10%. This death cross being a strong downward indicator, leads me to believe that BTC has a one last shot to recover a bit before following its downward channel ultimatum. As for the CME gaps, the two that are active from prior week and month, are the $11.9k Gap and the $8.6k gap. With the downward channel becoming more prominent, the target of BTC hitting $8.6k is stronger than it breaking the confirmed red selling pressure line and going up to $11.9k.
With that said, we have two nice opportunities coming up including one presently here. For a monthly trader, the present opportunity is to short BTC as it looks like the downward channel is confirmed and that BTC should eventually hit CMEs $8.6k price gap and cover it before any recovery upward. However, this is Bitcoin and it can easily get pumped back up to $11.4k towards the top of the downward channel line bringing about the second trade entry point. Here, you can wait for BTC to rise up to the top of the downward channel line from the current moment, and safely enter a $11.4k short position with a stop loss at $12k in case the $11.9k gap does get covered prior to BTC price reversing. Keep in mind that both of these positions are highly volatile due to the nature of Bitcoin, and always trust your ideas and decisions before investing. I am personally waiting for the second outcome to happen before making a trade to short BTC. With this 4H time frame analysis, the support lines are pushing this consensus down to September 1st and I am willing to wait till then for that entry. If that entry comes sooner I will keep you guys updated.
This analysis has been updated from my previous three posts, and I always appreciate your guy's support and comments to improve my TA. I also peeped that most of the Alt coins from the recent drop have bin holding when compared to BTC and am wondering if ALT Coin season is coming sooner than later. So I pass the question to you my beautiful trader friends. What do you guys think will happen by September 1st with the Crypto markets?
As always,
Onward and Upwards,
Vick
EURAUD ShortA trade I forgot to post yesterday. You can see it on my instagram (@9to5trader). See HTF Head and Shoulders, Fibs, and institutional resistance. Perfect setup.
USDJPY Short PositionNot a trade I would personally take. Broke previous swing high/low trend, could retest on trendline for bullish momentum. If you do short, please draw fibs for bullish momentum and consider the trendline.
EUR CAD SHORT!We should see a movement towards support at 1.50246 with the pair currently trading at resistance.
Free telegram group: t.me
BTC USDT LAST UPDATEOn May 14, one fact was noted - while Bitcoin is under resistance (under 8400), altos will get a good chance for growth. What we observed later - the alts market pleased.
According to the previous forecast, we noted that closing the day with a full candle above 8100 gives the bulls a head start on growth, as a result, two days before a series of such closure did not happen, but Bitcoin, nevertheless, reached the target of 8200.
On TF 4h, we see consolidation under resistance in the form of a bull pennant. There is no guarantee that it will work on the bull scenario, so we will look at an important level of 8400 and if the price consolidates above it, then the pennant will work out its function.
At present, the bullish block is located in the region of 7500 - 7650, and from here you can take Long with targets of 7800 - 8000 - hold and stop at 7400, if local support around 7750 - 7850 will not withstand the onslaught of bears.
Resistances: 8150 / 8350-8400 / 9500/10500/11500
Support: 7750-7850 / 7550/7450/7250/7050/6850/6450/6150/5750
Well, I still adhere to the option for the future with the test 5800 - 6200, where you can place the main purchases for the medium term with the potential for excellent profit.
USDMXN: Is There Someone Who Knows The Value ?Hey everyone!
I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another bearish momentum as before. The 0.786 fibonacci level, which is not that strong by the way, was also not broken strong. This will be the first trade of next week i think. Sad It is so exotic, because i do not even know how to count the pip value of this pair haha. If you know please let me know in the comment section. See you guys next time hopefully with another video analysis from my side!
UK100 Double Top On the UK100 1hr chart we can see a double top.
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm publishing it here so you and I can both look back at this trade the next time spotting this pattern.
Thanks for reading and especially on this one I would appreciate some feedback!
Wesley
