Shortposition
FOREX ANALYSIS : EURCHFFX:EURCHF
If you want to use this idea, please risk only one percent of your account balance.
EXPE - Descending Triangle - BearishOn the chart of Expedia (EXPE), we can see a descending triangle. A descending triangle is a bearish formation.
The price has already broken the support and is now retesting the support. When the support turns into a resistance a short position can be taken. The price is likely to drop more until it has reached its target.
All further details are shown on the chart.
Goodluck!
WMT - Broadening Wedge - BearishWMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out of the support line.
In our opinion, it´s likely for the price to retrace and break out of the support line. When the price breaks out of the support line, a short position can be taken and the target can be targeted.
All the details are shown on the chart.
Goodluck!
XAUUSD Short PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis of XAUUSD. We can assume/define the Buying climax starting from Dec 15, then the price moves down to up, while the volume is just down, which means this wave may not be good - even if the price is still sideways up (Phase A). After that, take a look carefully at Phase B of this channel, the price is continuously sideways but the structure of the volume is broken with a climatic volume at the middle of the range - It is a warning signal as it should not appear as a general rule in the accumulation schemes and therefore could be a footprint to add in favor of the downward control.
Focus in Phase C - UTAD, the price tries to leave the value area of the composite profile but is strongly rejected (bear engulfing candles - Dec 27 & 28). The market is not interested in trading at higher prices and that's a new signal is added in favor of sellers.
The last signal: Do you see the price's momentum is very weak when it reaches back the UTAD?
-----
Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
DOGEUSDT ! Retest The Support DOGEUSDT retest the support in 4H time frame which is strong support, doge retest the support and bounce back from the support with good volume RSI also below 30, It's time to open long position and our TP will be just below the resistance level.
Take trade according to your wallet size and patience.
Footlocker (FL) - Multiple tops - ShortOn this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it reaches the support area we expect a small bounce before it continues going down.
See further details on the chart.
Goodluck
ATOM/USDT. Price should be breakdown the channel and retest it successfully then we can open short till TP.
Open 8.869 * TP 7.792 * SL 9.348
XMR/USDT. It's going to breakdown the channel, we just wait for comeback for rest, when resetting will be confirmed then open short position at $142,4.
BTCUSD - Overbought - Short term oppurtunityOn the BTC-USD chart (1h timeframe), the price is currently overbought.
In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and profits can be taken.
See all further details on the chart.
Goodluck!
"ETH-USDT"FUTURES, SHORT POSITION"ETH-USDT" FUTURES
First of all please draw a horizontal line at the price of 1264.12
According to the analysis done by me ( technical analysis and price action), 15:55 UTC time is very sensitive and important, Because this time zone (15:55) where the lines of several patterns meet each other and also their meeting with the support line (1264.12).
And we must be ready to open a short (sell) position. Because by breaking the support line and seeing the confirmation candle, the possibility of a sharp drop is very high.
Attention plz
The main market trend is bearish
After breaking the support line, first get a confirmation candle and pay attention to the volume , then open your position
Don't forget capital management and set stop loss
And finally, this is only an analysis and suggestion, and the main decision-making responsibility is with you.
GOOD LUCK
CHRUSDT : Short position Hello friends . In this currency, we have reached the weekly ceiling and there is an expectation of selling in this area, so we take a selling position and the target is clear on the picture.
AUDJPY Short planBased on the Wyckoff methodology and Volume Profile, we can assume the current channel is distribution, and price potential moves down next week. If the price reverse to the 92.3 - 94.2 area, I will do a short trade at 92.6 and the 2nd entry is 94, then hold it to 84.7.
This setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
ETH the red and green line is important support and residance .if candle 1h broken with closed candle we can open sell positon under red line and buy position in green line
GOING SHORT IN AUDUSDI am taking a short position in AUDUSD because it is forming a BAT Harmonic Pattern. I have put my SL slightly tight because we don't have any confirmation about complete PATTERN unless it breaks Point B so we can take a risk to open a SHORT trade
On Daily TF it is in a bullish trend and it does not break its previous High and it forms a double TOP Pattern
Let's see what happens
EURJPY TRADE! +9.76%Hello traders around the world!
My name is Alexandre Karim.
I want to talk about the trade that I took on EURJPY + How I planned for it.
First of all, if we go back to the Monthly or Weekly chart, we can clearly see that the price reached a mass psychological area around 147.900 / 149.000.
A big ascending channel is formed since 2009 & the price is moving up correctively since March 2020; Which means that the gravity is to the downside.
I was planning to take a short position on that pair.
On November 22 (One day before taking my short position), I noticed an ascending channel with a clear upper TL + multiple touches. I was waiting for the 4th touch on the upper TL and wait for a reversal pattern in this area.
On November 23, the price reached the upper TL & I took a short position on the 15 mins as a consolidation (Mini ascending channel) Moved to BE when the price reached the lower TL @ around 145.077.
Closed my trade at 143.954 (Locked above 1H correction) & out from this trade with 9.76% profit.
EURGBP Head and shoulders ShortWhat we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
LTCUSD - Short - Small drop comingOn the chart we can see the price is currently overbought. As we can see all the three indicators are suggesting the overbought condition. So this can be a short-term oppurtunity to get some profit if this plays out.
The indicators used are Bollinger Bands, RSI, Stochastic.
See all the details on the chart.
Goodluck!
AirBnB in short positionWhat we can see in the chart is a double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
░▒💀▒░ ADA | SHORT 3HR ░▒💀▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hey Eve, I am back for another post to our tradingview.com profile.
EVE: What's the forecast this time?
CRYPTIK: A short play of 13% on the 3HR.
EVE: When do you think this will happen?
CRYPTIK: This is the NOV 4TH $0.3336 down.
EVE: Thank you for the forecast. Any jokes this time?
CRYPTIK: me jokes?
EVE: Yes, do you have any jokes for our followers?
CRYPTIK: Did you see the new Pirate Movie?
EVE: No, I didn't. What's it about?
CRYPTIK: It's rated "RRRR"
EVE: I'm sorry, I don't get it.
CRYPTIK: Lol, like a movie that is rated "R" and like a Pirate says "RRRRRR".
EVE: Oh, I see. That's a good one.
CRYPTIK: Anything to say to our friends/followers before we go?
EVE: Yes, I would like to say thanks for following us and remember to always do your own research before investing.
CRYPTIK: Thank. Peace Out Girl Scout.
EVE: Peace out!
USDCHF TRADE.Hello traders around the world.
My name is Alexandre Karim.
Let me explain for you how I planned to take a short position on USDCHF.
First of all, on the higher time frame (Weekly chart), we can see that the price reached a key area at 1.01436.
This area is great for short positions + the gravity is to the downside because the price created an ascending channel since Jan 2021.
On the lower time frame (4H), we can see that there's another ascending channel with a corrective behavior heading towards 1.01436 area.
The price later on reached the lower TL of the 4H ascending channel and created a bearish flag as a re-test signaling more downside especially when the price broke the 4H TL (Ascending channel).
After that , the price went up correctively reaching the previous bearish flag (Around 1.00315) I was waiting for the price to touch the upper TL of the ascending channel + the rejection line (Intersection).
I personally took this trade as a sell limit entry .
The pattern that I was waiting for is a double top (@ 1.00315) then breakout of the ascending channel (0.98659 till 1.00309). The breakout was at 0.99934 & thats when I moved my SL to BE.
PS: Always risking 1% of the account per trade.
WHAT MIGHT BE THE NEXT SCENARIO?
I will personally be waiting for a continuation pattern on the 1H chart as a bearish flag to take a double position.
Also, I will be trailing this pair and locking above 1H corrections to secure %
Risk management is crucial.
Patience is key.
#THEPRIMES
LINKUSDT ANALYSIS , 1 DAYYou can see the currency analysis of the link
We are in a symmetric triangle and the volume is decreasing
and the fundamental news also promises us that the price will break down due to the interest rate that is going to be announced by the Federal Reserve.
