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Shortposition

VRTX Swing ShortUsing a tight stop here with a wide target due to extended nature of this last impulse up and the fact that we're almost perfectly at the 1.618 extension of the last swing high -> swing low. You can tighten your stop to directly above the highest wick of this impulse as well if you want to increase the Reward:Risk Ratio. The other thing to watch is the Fibonacci node about 2.5% below this entry (around $215). This area is possible support and could snare price action in this small range for a while. If you're shorting the asset then you're fine but if you're buying puts you may want to cover when/if we reach that area. This is not financial advice and as always, do your own research. Happy Trading, BBT For $5 a month you can get access to my personal strategy, scanner, and private trade set-ups for traditional markets and crypto. Feel free to DM me for details.
NASDAQ:VRTXShort
by BrownBearTrades
Further downside on the cards for EUR/USD?On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged. For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was only for 4 billion dollars of 7-, 12- and 20-year bonds but there was extremely high demand, around 20 billion euros worth. With that, the bonds priced about 20 basis points below China's initial target, according to a report. Why this event is so important? For few reasons. The big one is that the euro is increasingly the preferred funding currency. It also signals the increasing cooperation between China and Europe. Finally, it signals China's efforts to diversify its FX and economic exposure away from the US. With this demand and the near-certainty that eurozone rates will remain pinned to the floor, expect more countries and corporates to issue euro-denominated debt and promptly invest it elsewhere. That should keep the downside pressure on the euro, but could also give it further positive potential during risk-off phases. In additional, take in mind that intraday strength in the US dollar index is a key factor behind weakness in the EUR/USD. From technical analysis point of view, a clear break below 1.1062 support suggests completion of the corrective rebound from 1.0879. On the daily chart we have seen also clear break under the short-term support trendline. Now, intraday bias in EUR/USD is turned back to the downside for retesting 1.0879 bottom next. But if the common currency manages to protect the abovementioned support, the technical picture would change. On the upside, a sustainable move above 1.1093 minor resistance will turn intraday bias neutral first. Further break of 1.1179 (October 21st high) will resume the rise to 1.1412 key resistance next. Ultimately, I am a seller of this pair until we break out above the 200 day EMA on a daily close at the very least. Look for signs of exhaustion after short-term rallies, and then take advantage of any opportunities you get to pick up US dollars “on the cheap” going forward.
Short
by ForexTrendline
Bitcoin - 6K Confirmed ! (The Perfect FIB) {PART 2}Hey lovely people , Welcome to part 2 of the PERFECT FIB After all the hate comments and a time of indecision we finally dropped towards my TP (0.618 FIB) which right now exactly corresponds with the blue MA line. Now I'm waiting to see how it will respond, If it goes below the MA line with a daily close I will be crazy bearish. If it bounces off I will see how the market will respond and make a new TA based out of that. Sounds like a win/win ? That's because we always win :) (with right risk management) Like this post & Follow, so I can keep making these (winning) TA's for you guys. - Crypto Doggo
COINBASE:BTCUSDShort
by themarketdog
“Patience is the key”, Bitcoin will breakout soonFor last few days, the current price range has been getting very less volatile and the volume has been getting lower and lower. I think I have a reason to explain why its happening?! As I have published earlier Bitcoin primary trend is downward, we have got another confirmation of it with the formation of Descending Triangle. Triangle patterns serve as a consolidation phase where price regains the strength it needs to proceed in its primary downtrend. As we can see the nice descending triangle pattern with volume confirmation shown in bottom of chart. Next thing to look at breakout is surge in volume. If there is substantial volume, price will hit our bottom target ($7,000) easily.. Just stay tight in your short position with stop loss and target mentioned earlier, this article is just follow with people to remind “patience is the key”, as we are getting more and more positive signal to support our analysis. This formation make this idea stronger for me. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, that the only fee from You!
BITFINEX:BTCUSDShort
by AnkitSalgia
10
GBPUSD we are currently in a down trend but looks like a could be a reversal a perfect time to "catch" the market at daily low . remember we need to catch the outbreak to get those gains and remember we're in a bearish trend since august of last year so be careful entering a long positions i'd wait until i see a larger break at the major trend line for long positions keep an eye out for this pair like a hawk if you see bearish and long candle rejection from strong break zone and trend lines it'll be a short position keep pending orders in and be ready! . keep in mind daily candle we see a consolidation level and this can either be a explosive out break on both ends just play the cards right!
by TheGreenville_Trader