Get started

Bearish Patterns

AUDUSD: Bearish Stocks and Trend BreakoutHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66000 support and resistance zone. We would like to consider the current bearish bias on stocks, due to the positive correlation AUDUSD should trade under pressure. Trade safe, Joe.
Short
by JoeChampion
18
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars
Short
by Novi_Fibonacci
1
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone. + Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.7419 Stop Loss: 1.1308 ------------------------------ Target 1: 2.0901 Target 2: 2.5828 Target 3: 3.1821 Target 4: 4.6493 Target 5: 6.4239 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:SAGA2USDLong
by VectorAlgo