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Shortposition

Is Namaste trading in a bull flag?Or possibly a descending triangle, only time will tell. This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range. In the grand scheme of things, this little rally is probably going to be another lower high, N is still down -87% since September where Andrew Left exposed this company for what it was, and still is, IMO, trash..
NShort
by ScotianBot
SUGAR US Time to start shorting Sugar, or just an ascending triangle that price consolidates in before it breaks up to higher prices? RSI gives signals of exhaustion for the bulls and four signs of bearish divergence, obviously we have been up trending for a while now and is only reasonable for RSI to fall from overbought to neutral levels, the four last peaks on price though do not carry much buy volume failing to break higher.Same time line of demand points upwards creating an ascending triangle which means there are still buyers keen to buy on higher levels and that is a bullish sign . Watching the way we break out of this ascending triangle will be the answer to this, Taking a small short position here and see how this trend will play out .
OANDA:SUGARUSD
by django2
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