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Shortposition

CAD/JPY PLAN.Greetings to traders from across the globe, Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate. Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020. Furthermore, it is noteworthy that the price has, as of September 2022, achieved an altitude of profound psychological significance, a threshold last scaled in 2014. At present, our valuation hovers marginally above this critical juncture, with figures oscillating betwixt the range of 109 and 111. In the current milieu, the price has attained a region of resolute rejection, dating back to the month of September in the year 2022. Notably, this phase is characterized by a corrective phase coupled with a constriction in price movement, potentially indicative of a forthcoming reversal trend in the downward trajectory, discerningly denominated as the "Rising Wedge." I, personally, am adopting a posture of vigilant anticipation, poised for a descent or a breach in the prevailing structural framework, which would prompt the execution of a short position. In the event that the price breaches these thresholds and eludes my initial trade entry, I shall maintain my vigil for the emergence of a subsequent pattern indicative of a continuation of the downtrend, thereby facilitating the initiation of a short position. In this endeavor, it is imperative to underscore the pivotal role of patience. #THEPRIMES
Short
by alex_k_95
Coinbase in a correction, the levels to look atHi guys! This is a technical analysis on Coinbase (COIN) on the 1 Week timeframe. On the week of July 10th, we ATTEMPTED to try and break through the $116 ish level, which is the level where our GREEN rectangle Resistance zone begins. BUT got rejected and have been in a DECLINE for about 4 weeks including this week. Note: This weeks candle has not yet closed and we have to wait till end of week. Notice the 2 RED circles, highlighting 2 seperate times where we tested the MAJOR RESISTANCE ZONE. -> This can very well be a DOUBLE TOP. -> Which can support a continuation of the downside action. We are currently TESTING SUPPORT at the upper border of my BLACK rectangle zone This coincides with the 0.618 FIB level or the $84.07 level. Since we havent closed yet, watch how we react here -> with a potential of price bouncing to the upside. If we end up below, and in the coming weeks CONFIRM below: Our next level will be the 0.5 FIB Level, which is at 73.99 Here the 21 EMA also converges at this point This could be a STRONG SUPPORT zone due to the confluence of 2 SUPPORT levels. This could then be a BUY ZONE, area to Scale in. We can also look to the 0.382 FIB level or $63.91 This level converges with the RESISTANCE Turned SUPPORT line from the price top. This is another level, provided the 0.5 FIB level fails to hold -> WHere you can add BUY ORDERS STOCH RSI indicator -> Had a BEARISH Cross and we are currently below the 80 level. If we continue down, we can reach and stay below the 20 level for some time. This normally leads to PRICE DECLINES. Wave trend oscillator -> We have reached at area where the GREEN line is starting to show curvature to the downside. If it continues this pattern, itll add to the probability of price DECLINES. Finally the RSI - Watch how the Orange line interacts with Black line, if Orange crosses below -> it normally indicates that we are in a price decline. "COINCLUSION" (See what i did there, lol): The Week of July 10, we attempted to test resistance to enter the GREEN REsistance zone, to only meet with REJECTION. This had lead to a correction in COIN, moving us to test the 0.618 FIB level. The area which converges with our Upper border of Black Rectangle/ Resistance turned Support. This area can be a place where we could bounce in price to try and reclaim the 0.786 FIB level. But if we cant HOLD 0.618, our next level will be 0.5 FIB level. This area due it being a strong support zone, can be an ENTRY point for potential trades or scaling in/ DCA'ing. Worst case is below that level at the 0.382 FIB level, which can also be a 2nd BUY ZONE. We would like to be ABOVE the 21 EMA though, to maintain the Bullish case. Always make sure to wait for confirmation before placing BUY orders. For example: if we confirm SUPPORT above 0.618, we can have a potential bounce back to the 0.786 FIB level. So you wouldn't short but Long. Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COIN
by SafofAllTrades
EURUSD ShortBy this analysis, many traders will probably end up losing, but we are looking for a selling opportunity. From the weekly timeframe, we are still bearish, and we perceive the intraday bullish signal as a result of NFP (Non-Farm Payrolls) and trapping retail traders into long positions. We would much prefer to take advantage of the weekly liquidity around 1.08350 (grab) and then start buying in weekly FVG. But waiting for confirmation candle. Leave a comment below what do you think.
Short
by Monesta
1
GBP/AUDFor this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart .. 
the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now. We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with a big black candle and also made a pullback to our highlighted zone .. in lower time frames; if the price breaks the 15 min low then there's a good chance were you can follow it to the cluster made by a dynamic trend line and the last low in 4h time frame. Please Tell me what you think about this. Leave your comment and thoughts.
Short
by Cryptosours
Monsieur Alpha Algorithm ; GBPUSD outlook 24-28 July 2023FX:GBPUSD According to my algorithm, Monsieur Alpha. There are 4 possibilities move for this pair. And I will just put 1 move in this article. As I believe that it is already known bullish for Monday, I am waiting for price 1,2840 to enter long position with target 1,2940 (only for Monday). While in big picture, I see that bearish trend is still occuring with 1,3004 as top. We are waiting for this price to take short position and targetting 1,2786 for this week (Friday)
Long
by chancellor_de_chevalier
BNBUSDT Potential Bear ActionPotential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging interacting w/ the neckline. Chaikin Money Flow hidden divergence & below zero + Awesome oscillator twin peaks in formation + Fisher Transform bear crossing.
Short
by firmestudio
4
History will repeat? $182 or $110Monthly Chart Binance Coin ( BINANCE:BNBUSDT ) is trading around $236 now. It's dropped from $398.3 and in accumulating Look back to the history. I see two drops on Jan 2018 and Jun 2019, both of them has the same percent are about 83.64% and 83.89%. History usually repeats itself! I wonder how's about this time? Now, BNB/USDT in Descending Channel and it's support zones by Fib Channel (1.0) and last Swing Month Low $183.4 Supports can hold it and made it bounced back or Binance Coin will break down and drop to around $110. Wait and see
Short
by trieutv
26/6 GOLD? limited upside potentialThe US Dollar has seen some modest strength, which is helping to limit the rise of the XAU/USD. In addition, Federal Reserve Chair Jerome Powell, during his recent testimony, emphasized that the central bank plans to raise interest rates gradually to combat high inflation. Powell also stated that rate cuts are not expected in the near future and that the Fed will wait until they are confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields have increased, providing some support for the US Dollar and potentially keeping the price of Gold in USD from rising significantly. Gold price today is fluctuating around the $1920 mark. The price range is not high SELL zone : $1930 - $1935 SL 1945 Using 2 moving averages EMA 34, EMA 89 parallel to the stiff resistance areas at $1930 - $1935 and $1954 - $1957
TVC:GOLDShort
by DNA_TradingFX
22
23/6 GOLD ? Will the price drop to $1900The Gold price is getting a boost from economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment and causing the equity markets to be generally weaker. Additionally, there is less demand for the US Dollar, which is helping support the safe-haven Gold price. The USD Index is currently near its monthly low due to uncertainty over the Federal Reserve's rate hike plans. Gold price on June 23, 23 is falling to the area around $1910 After the news from the Fed, the gold price is negatively affected, the downtrend is dominant. Can set up SHORT at: SELL GOLD zone : $1926 - $1929, sl 1939 Based on the US economic situation as well as the average technical analysis indicators EMA 34, EMA 89 weak purchasing power
TVC:GOLDShort
by DNA_TradingFX
18
GOLD 22/6 $ prices stabilized after the Fed newsGold prices remained relatively unchanged on Thursday, but were still recovering from four consecutive days of decline. The market was cautious due to the uncertainty surrounding the Federal Reserve's upcoming decision on interest rates, which affected traders' confidence in the precious metal. Yesterday, bullion prices briefly dropped to their lowest point in three months, breaking a period of stability. This occurred after Jerome Powell, the Chair of the Federal Reserve, testified before the House Financial Services Committee of Congress, suggesting that interest rates may need to be increased in order to control inflation. Gold price on June 22, 2023 fluctuated at $ 1932, narrow band sideways continuation $1915 - $1957 Consider entering orders today: SELL zone: $1947 - $1950, sl $1960 Based on technical analysis indicators EMA 34, EMA 89 combines with a strong resistance at $1950 area
TVC:GOLDShort
by DNA_TradingFX
13
GOLD 16/5 ! Will gold continue to fall?Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month. At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts' confidence in gold, leading to predictions that this valuable metal will sustainably surpass $2,000 per ounce. Downtrend is still dominant today 6/16 Hard resistances at 1,962 - 1,965 - 1,967. In these areas, you can watch Short Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1960 level.
OANDA:XAUUSDShort
by DNA_TradingFX
22