Bitcoin is STILL down trendingLooks like BTC has rejected the trend line AGAIN. Waiting for the long entry to close short position.
Shorting
AUD/JPY 1200PIP SHORT OPPORTUNITY INCOMINGHey everyone! Hope all is well. As you can see on the chart, we a potential upcoming short.
We are looking at a breakout of a downwards channel and currently following the price action as it begins its major retest retracement.
Good luck!
Love, peace, Seb.
Wait for the CPI Selling Trigger !Price is hovering near the 1.22 resistance and a possible head and shoulder pattern can be formed in the upcoming hours. The CPI will of course play a huge role into it, knowing that if the result is better than expected, then this EURUSD will be a great opportunity for a short position.
Until then, waiters are winners so trade safe and best of luck !
DIS - Mickey its not funny!-The Walt Disney Company reported better-than-expected earnings per share on Thursday, but that didn’t stop its stock price from taking an after-hours nosedive.
-That’s because the entertainment giant reported slower-than-expected growth for its Disney Plus streaming service. The service now has 103.6 million paid subscribers, versus a consensus estimate of 109 million cited by CNBC.
-The hit underscores the extent to which Disney—a diverse conglomerate with theme parks, TV networks, movie studios, and a vast consumer products division—is now wholly reliant on one metric. “Nothing else seems to matter,” analysts MoffettNathanson said in a research note Friday.
Our Target:
Disney is a strong stock, we don't think it will drop below $165 just because of the slightly below the expectation subscriptions. However, due to the whole market situation which is bearish for the last couple of weeks, there is a possibility that Disney will let go of some of its heat. If DIS will fail to keep the nose above the $165 then we can potentially see the $145-147.
$GME Symmetrical Triangle and Pennant continuation pattern TradeCheck this out. Huge potential for big gains. Symmetrical Triangle with a Pennant continuation pattern inside. Pennants break to the side that created it. In $GME's case - to the upside we go.
*This is not financial advice, please contact your local HF (Hedge Fund) for that. Please do your own DD (due diligence) before assuming risk.
Tips for Beginners Playing the Downside!Here is a quick tip on how beginners can translate what they know about playing the upside and utilize the inversion of the chart to make sense of playing the downside!
A lot of New Traders have a tough time playing the downside and this is a great way to start making sense of it!
Bearish Setup on USDCADHere we see that USDCAD retraced to the 0.618 Fibonacci level and is respecting the recent support zone to the left. We can see that this market is trending downwards (creating lower highs and lower lows). If it continues to show bearish price action I'll be looking for shorting opportunities on lower timeframes. Stay tuned for further updates!
The Great Short 2.0? EURUSD 18-3-2021.Good day fellow traders,
Showing my current strategy on EUR/USD. Fundamentally based on recent Dutch elections. I fear this was NL's last hope. It's unavoidable, we're going to enter the "build back better" era. :'( I'm doing well obviously. However I'm very much concerned for my fellow citizens. They have no clue what's coming for them. Nonetheless, when you're a trader... You know how the cookie crumbles. Time to make money.
Short- & Mid-Term: Big chance small outbreak by bull flag. However probably gonna get resisted. Otherwise heading to retest support.
Long-Term:
Technically and fundamentally bearish imo. EMI 2 is very bearish. Money flow is decreasing and its velocity also. DXY is also crashing, hence the reason it's not decreasing to quick. When the money flow velocity indicator(light- blue line)is below 0, then you know Money Flow is decreasing relatively fast. In addition, there is this huge symmetrical triangle that is forming. If this the the recent top, which I believe it is. In this case we call it bearish pennant or a bear flag since its price action has entered from above. With all of this considered. Retest of support is inevitable. The chance of breaking bearish is life changing huge. Not financial advice. However, before entering a short trade. I'm going to wait patiently for a yellow X with a red diamond for confirmation from EMI 1. If my analysis is correct. We will see approximately a 10%-25% crash. I'm gonna call it, The Great Short 2.0.
Waiting for price rejection at 151.25 After a strong uptrend breakdown, GJ making LH & LL, looking for a potential short at 151.25 after price action confirmation.
EURGBP still pushing towards 0.866 :
TESLA Short positionTesla hitting all time high, pending now to the bearish side.
There was high expectation from the Q4 earnings, that were missed.
MACD overbought, descending
Stochastic overbought, descending
With many analyst targeting the 518 level.
We will se probably a bounce on the trendline.
Dr. Michael J. Burry predicts a heavy fall on the stock price, well, lets see if he is right...
GBPUSD SHORT IDEADo your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short Trap on Appleaapl
Interesting setup on Apple today. I shorted for 30 cent wins, but the retracement to $131 did not happen. Apple held the $131.70 level very well and setup a good trap. Be careful shorting Apple, seems ready to retrace back to all time highs.
EURAUD Short tradeEURAUD has broken a Support zone after being in a downtrend for multiple days.
Short EURAUD at retest of zone. Trail your stop loss.
TP 1 @ 1.56 TP 2 @ 1.536. Use efficient risk management.
Short selling using the RSI of VWAP strategyRSI of VWAP has been published for Long side entries only. However, it can be used to short the equity. below are the details ...
1. Add VWAP to your chart
2. Add RSI (period 14) (set oversold line to 25 and overbought line to 70)
3. change the source of RSI to VWAP
when the VWAP crosses down to Oversold line at 25 , take the short position
cover the short position when vwap reaches overbought line 70
you can take profits anywhere you are comfortable / defined targets ...
Let me know what do you think of this idea ... based on that I will implement the code for short strategy.
Bitcoin NEUTRAL?! Huge resistance! More BEARISH SETUP!Hey there,
Please follow me on TV and like this post!
What do you think? Comment below!
Bitcoin currently seems kinda neutral.
If I had to choose, I would say it is leaning bearish.
1. Major resistance of 14k
2. Extensive run up
3. No retest of prior important levels 12k to 12,5k
And yet we should not underestimate Bitcoins strength!
We can also push beyond 14.5k, but the pullback will come!
Therefore shorting seems to be no way for me now.
Will way to catch the dip phase!
Cheers,
Konrad
Boulevard Of Broken DreamsWhatever will going to happen will happen, and what we need appeared.
Why the market had likely overshot when the economy still struggle? Because it is the nature of stock market, people like to run away from reality, wanna live in richness fantasy. "The more sweet dreams are the more hurtful when wake up" . The economy will affect the stock market, never the opposite.
When the music stop? We will find out in the next 2 weeks.
We can see a big pullback in 3500 resistance but the next 2 weeks could decide the market destiny. Keep your head objective, conscious, calm and cool. You will make a better decision.
Short below 3450, recommend if weekly price close under this position. (Stop loss >3600)
Press like & follow to support my work.
Thanks for your attention !
AU TradeStructure has been broken. Let's if that area holds as the new lower high. A nice 4.48:1 RRR trade
