Shortposition
4h and 1D market analysis, major key levels respected!we can see that in 4h it created a double top and looking like bearish price action might test that previous resistance and now support line, and a lot of pips to be made!
S&P 500 has entered into a bear marketBears are taking over the stock market. Wonder how much longer that support is gonna hold
Chongkindang holdings H&S patternClearly shows Head & Shoulder pattern.
With fib measurement 0.236 area perfectly meets with strong support area. If price can not hold the current area, we may see price drop to 37000 won. In worst case, aggressive drop would be 22000 won.
head and shoulder pattern in 4h time frame by checking RSI the left side shoulder is higher than the head of the pattern that would be a significant sign of this pattern but for getting a short position we should wait for closing the candle under the neckline.
Lets be real, AUDUSD is going down.As the title says, short position on the AUDUSD. Personally there are so many of my rules met right now to get into this trade.
- Over all AUDUSD on down trend. DXY to support as well as other USD pairs.
- In a down trend within the down trend. Currently at top of retracement.
- Retracement @ perfect .618 area of previous extension.
- RSI over bought.
- Engulfement followed by L3C Candle, strong bearish indicator, at a key resistance level, following a bearish trend.
Taking T1 @ the 1.13 extension as it falls in line with previous resistance level
T2 @ 1.1618 extension with the hope of a harmonic 1:1 extension, which is very feasible.
Of course, will trail my stop one T1 has been met incase I'm wrong on the harmonic.
SL @ ATR based 0.73028
GBPJPY Potential ShortPotential short opportunity.
- Daily chart previous structure supporting idea
- Structure has put in a lower low
- Currently in retracement from previous resistance level
- Price needs to push into yellow area and show some form of reversal.
- RSI looking on track to overbought.
- Yellow area = to .5 - .618 FIB Retracement level.
- Enter on valid reversal
Daily chart supports structure resistance level.
H4 showing pull back in process with a clear lower low structure
NZDUSD Short PositionNZDUSD estabamos esperando un punto a que se cumpliera un retroceso ABC en 4H y en Diario, ha hecho un ruptura en lineas de tiempos inferiores por lo que es muy probable que se vaya en contro para buscar una tercera onda rapida. El stop loss esta corto en caso de que rompa y suba un poco mas antes de caer por completo.
NZDUSD we were waiting for a point to be fulfilled an ABC retracement in 4H and in Diario, has made a break in lines of lower times so it is very likely to go in control to find a third fast wave. The stop loss is short in case it breaks and rises a bit more before falling completely.
XRP possible short position opp filled ...Part 2...the outcomeIt did get a little pop up back towards the trend line, but didn't go quite as high as the one I mentioned in the previous idea posted here on TV (see chart)
Nonetheless, it was a good short pos opportunity
Bitcoin Short Trade SetupI am putting a short trade on Bitcoin.
Entry - $6000 and up to blue resistance trendline
Stop loss - Break of blue trendline
Target - Support level at $5400
Risk/reward ratio - 3:1
Ideally, I want to see retest of the $6000 level and even a move back to the blue resistance trendline before a copulative sell-off to the next obvious support to $5400. A break of blue resistance trendline will trigger my stop loss.
I will place initial orders at $6000 and further orders up to blue trendline in an effort to build a better weighted average entry price. I will need to adjust my stop loss lower as time passes to ensure it triggers should price breakthrough blue trendline.
Bitcoin Daily Close Below $6000The bearish case for Bitcoin is starting to gain more substance and I plan to "dip my toes in the water" and start building a short position.
- On the daily chart Bitcoin officially closed below the $6000 mark for the first time in 2018.
- The orange support trendline is well and truly broken
- We continue to make lower highs and lower lows without any real sign of a reversal pattern setup
Having said this, if there is a strong turn around and a break of the blue resistance trendline, then I will be out very quickly as I DO NOT want to get caught on the wrong side of this trade.
We are in a period of very low volatility - and low volatility precedes highly impulsive moves. Therefore, I will not be risking a large amount at this stage and plan to make use of a tight stop loss.
I will post another trade idea today showing entry levels on a shorter time frame.
AMD- Short Sell PlayYeah, yeah, yeah I know I am jumping the gun here to be claiming you can short sell this stock at it's current price. My way of thinking is since the BKC ETF came out....... all of a sudden AMD took off and now that Crypto is flirting with fresh lows AMD will no longer see that boost. I feel fairly confident that a quick short squeeze could spark a quick gain. Stay Tuned!
[USD/CAD] Potential scenario Momentum up is not that strong, resistance is quite strong which means price is likely to reject and drop off.
This is what might happen:
- Price goes to 1.31
- Rejects at 1.31 and goes to 1.30, then 1.29 and further target to 1.275.
Time for a short possitionBitcoin experienced a week bullish market in the past few days and now it has been reached to a wall. Although, it might seems passing the wall and going for a bullish market could be a possible scenario, I strongly believe that we are going to have a bearish market and it is a good time to enter a short position. The first reason appeared on the charts, considering two last successive minimum prices (just above the green mark) shows that the price is increased, while the greater decrease on the RSI describes it as a fake higher price, from which we could understand we are in a bearish market. What's more, looking to the Fibonacci Levels shows that the price could amazingly finds its bottom on the 0.618 level just above the other wall which is 7800 dollars price level.
Have profitable day guys
VENBTC - Symmetrical Triangle formingAt decision point on 50 MA, RSI nearly 'oversold'. Looking for a 12345 correction from the symmetrical triangle pattern.
Possible breakdown to previous trend line as shown, reaching the 261.8% FIB.
Look for confirmations on lower time frames.
VENBTC
Possible Major Short Opportunity I believe we are about to see HIIQ have another sell off. there are plenty things pointing to it.. 1. it came down on huge bearish volume 2. It is retracing up on lower volume 3. it just hit the 50% retracement level 4. It is oversold on the Stochastics indicator.. Don't forget to manage your risk/reward and trail your stops for maximum profit potential if you're trading this
OMG Thomas DeMark Trend lines Short sell targetOMGBTC
-4H CHART
-Technic for getting target when trend lines break using Modern school of economic
-Using the 2 most recent lows
-Couldn't use first candle as it was missed but the second candle will have to do.
-3:1 Risk to reward
-11.33% expected gain.
P.S Mostly Educational
Good luck!
