GBBUSD shortFAKE BREAKOUT!!
GBPUSD now heading to the monthly support which is 1.16516 from there we could see a further decline or go back all the way up to the monthly resistance which is 1.21885. If this is the case I will wait for a new lower high and the Monthly support to be rejected twice before I look at taking any long positions. I also used the fib to help find my entry along with the support resistance.
Shorttrade
EURUSD short trade based on Ichimoku and fibonacci analysis Indicators
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
EURUSD sell trade based on Ichimoku and fibonacci analysisIndicators
Ichimoku set to default settings 9,26,52,26
Fibonacci retracement tool
The below short criterias have been met
Price is below the cloud indicating a downward trend
The lagging span is below price
The conversion line is below the base line
price has retraced to or close to key fibonacci level (the the 50% fibonacci level)
bearish candel stick pattern has formed in key value area (bearish engulfing candel has formed on the 1m chart inside a key interst area)
Targeting previous lows at 1.01210 for a 3.8 risk to reward
USDCHF-SHORT long term with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking to short USD & go long in the other currency pairs that have the USD (GBPUSD is in correlation with USDCHF & is in a strong monthly support zone)
what do you think ?
(Boeing) BA Short
I believe we could see a short term price decline in the BA stock. This might be a good opportunity for a short term bearish/short trade through stocks or options. The price has been on a long term downtrend, since approximately Nov 2021. Making Lower Highs and Lower Lows.
I have attached an image here of the BA chart on Daily candles, along with several indicators that give us high probability of a bearish price action.
Through my analysis, I see the following:
1. BA June 28th 2022 price action created a Bearish Hammer
The price opened at $140.89. After the open the price went up to the daily high of $147.18. At the high the price hit the top Bollinger band where it bounced off and reversed towards the downside. The bears then drove the price down to the daily low of $138.54 and shortly closed near the day's low at $138.70. The price closed below the open price signifying that the bears have won for the day.
2. The Bearish candlestick pattern is cutting through 3 key resistance levels.
- (Resistance 1) The Bearish Candle is cutting through the key moving average at which point the BA price has rebounded from in the past, as per the circles areas in the chart with arrows pointing to them. This MA served as a resistance several times in the past and it is where the wick of the bearish hammer candle is now.
- (Resistance 2) The Bearish Candle is cutting through the horizontal resistance shown by the blue dashed line.
- (Resistance 3) The Bearish Candle is cutting through the top Bollinger band, which is a resistance point and indicated the the price is overbought.
3. The Stochastic are showing an overbought condition, and in addition the black stochastic line just went below the red stochastic line, indicating a short term bearish price action is possible/likely.
I intend to enter the short trade and have 2 target profits in mind, marked by TP 1 (@ approx $131) and TP 2 (@ approx $131) in green lines on the chart. This will depend on the risk:reward ratio and aggressiveness of the bearish price action.
It is worthy to note that BA made a high high on this last bullish wave, however in order to confirm the short term trend change, we would need to get a high low next (hopefully at TP 2 price level point, which is also resting on the lower Bollinger band).
This is just my analysis and created for entertainment purposes. This is not and should not be taken as investment advice. I am not recommending this as a trade to anyone. Please do your own research and make your own decisions.
EURAUD Short trade ideaEURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up with a nice 61% fib retracement so ill be taking short trades if price rejects this area once again.
USDCAD UPTRENDHere you can see a uptrend prediction of USDCAD.
i think market touch the demand zone but due to strong demand on that area smart money didn't break the demand zone so we can see a short term trade for buy side.
if the trend go against the prediction then we just need to wait for the retracement then we enter in a trade.
but my i thought and i'm confident of my prediction that marke hit my all of 3 targets.
Bearish Trade EURAUD 4HPrice has been in a downtrend and is now in a descending wedge pattern.
Entered at 1.45993
Stop loss set at 1.46921
Take profit 1 at the 50% retracement and previous minor structure: 1.45066
Take profit 2 near the extreme of previous structure: 1.43616
If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Lantheus Holdings | LNTH | Short opportunity?Lantheus Holdings ( NASDAQ:LNTH ) has been on a major run recently after an earnings beat. Insiders started selling shares ($3.3 million) in late February/early March 2022 after it popped from the $28s to a current high of $54.10. It is highly overextended and has hit it's historical resistance based on the highs from 2015 and 2017 (blue resistance line on the chart). While the large gap below may not be the target-to-fill in the near term, I am looking for a pullback to the 50 EMA (yellow line) in the coming weeks as momentum declines. If it breaks the blue historical line and surges forward, the 50 EMA target may take longer to hit.
Putin: Ever Pushing Euro DownChart shows the effect of Russian invasion of Gergia and Ukraine on the Euro. In the previous two attacks (2008 & 2014) the Euro went down around
30%
. Of course the whole downturn of the Euro can not squarely be put on Putin, taking into account the devastating effects of the 2008 financial crysis, but it is clear that it has a lot of downward effects none the less.
The European economy before the current invasion was not of course great, and COVID rect havoc everywhere especially in bunkerred down Europe. Now that the effects of the coronavirus is diminishing and Europe tries to recover, Putin happens again.
So, are we heading for another 30% downward move on the Euro, seeing once again € at ¢80? With the devstating effects this war is causing all over the Europe, we afraid even worst.
Shorting GBPJPYToday we would like to share one more trading idea, this time, and we are looking at shorting GBPJPY; however, being cautious and taking into consideration the current market volatility and setting an ambitious TP level. You can adjust yours based on your risk preference and reward ratio. With the present trading idea, we are targeting 1:3