Bearish Trend Line
A2M - Trade PlanA2M is at a very important juncture, currently at $10.20, and the market now is waiting for the announcement of its earnings report on the 25th of February. A2M has been consolidating between the range of $10.00 and $11.00 range, (50% Fib Retracement Zone) since the plunge in price. This (50% Fib Retracement Zone) is from the initial lows in May 2015, to its all time Highs of $20.00 in July 2020. This is also a High Profile Volume Zone where price is hovering currently.
The market is anticipating the release of its earnings report with an estimate of $0.17 EPS, and I think that if it releases its EPS below estimate, or any negative surprise, then we may see some more pressure to the downside towards the $8.00 - $9.00 Zone (Extremely Critical Support Zone). If we see it announce higher then estimate or any good surprise, then we need to see the break of the Bearish Trendline coupled with High Volume. Price has been hugging the Bearish Trendline and has not been able to break and close above it as of yet.
I want to see a decisive break of the Bearish Trendline with High Volume and a close above it, to take a Buy Position with a tight Stoploss below the 18th December, 2020 low. My Stoploss will be at $9.70, aiming for an initial target towards $12.00 - $13.00 zone, which is also a Gap Window Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
btc short
BINANCE:BTCUSDT
Bitcoin, after a strong uptrend, has now lost some of its strength and has gradually entered a downtrend, which we will continue in the same way until the break of this triangle
IAG - Is there a Buying OpportunityIAG made its lows of $4.30 in the end of September, then it pumped up and made a High of $5.50 in the mid of November, breaking the bearish trendline, with very High Volume. This indicates that the trend may have changed, and since then it had been pulling back and formed Bullish Candles at the 78.6% Fib Retracement Level of $4.55. I think it has already made some base between $4.50 and $5.00, and aiming for a potential run towards the main Resistance Zone (Target) at $6.20 - $6.50, a potential gain of 18%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
EURAUD-4H-Wating for breakdownHI guys;
ON the EURAUD pair,we can see the price has a correction till upper trendline and after reached the trend line,price's reversed buy trendline.For present, we are watching the price's moving whenever it breakdown the key level and done the retest,can enter to a short position till the next strong support zone.
BTC - D1 - ON GOING PRICE RECOVERY PRICE ACTION...D1 : Saturday's price action triggered a Doji pattern.
Yesterday's price action triggered a long black bearish candle with an intraday low, holding above the former
uptrend (green arrow).
Today's ongoing price action is showing a recovery in progress facing right now the first resistance level
to break and it is, once again TS !
Second obstacle will be MBB (currently @ 34281) and then the D1 downtrend line resistance, currently @ 34600.
Interesting to note that the yesterday'opening coincides with MBB and a daily closing today above that level
would trigger a bullish engulfing pattern... with a closing level, ABOVE MBB and even better if it is above the
downtrend line resistance !!!
H4/H1 : Watch carrefuly in screening, shorter time frames H4 and H1, to monitor closely intraday price action in order to be able
to react accordingly.
BTC - W1 - WATCH CLOSING PRICE AT THE END OF THE WEEK...W1 : For the second consecutive week, the closing price of last week has been below the downtrend line resistance level;
the shape of the candle (small body and long upside and downside shadows is confirming uncertainty !)
Important to note the importance of TS which worked perfectly well again as a leading indicator in holding so far
3 times, rejecting downside breakout attempts...
Therefore, this week closing price will probably tell more about the future...
Indeed, as the level of the downtrend line resistance move down every weeky the area to break now is currently
roughly @ 34000 vs 36000, the week before !
Nevertheless, an alone upside breakout of the downtrend line will not be sufficient to confirm, that we are out of the woods !
A strategic trend reversal would only be confirmed by a move, first of all above the 36'000 area (open level of the second
black candle) ahead of 38'000 (open level of the first black candle)
Such kind of move would neutralise the current ongoing downside risk.
On the downside, a weekly closing below the closing level of the second black candle @ 32288 would confirm further downside
in the cards.
Finally, TS, currently @ 29784, is the key pivot level; a failure to hold on a weekly closing above that level would directly put the
focus on my first strategic target of 27426 (38.2% Fib ret / (3850-42000) !
D1 : Watch carefully D1 price action to get clues for further intermediate signals over the coming sessions.
BTC - H1 - 61.8% FIBONACCI RETRACEMENT FILLEDH1 : Short term recovery took place, filling on its way the 61.8% Fib ret of the last short term downside move.
An extension towards the 78.6% @33343 can not be ruled out.
Nevertheless, as already mentioned a couple days ago, in order to confirm a trend reversal, we need to
see a clear upside move which should break first 33915, ahead of 34247 and finally 36000.
A failure to do it would confirm that recent and current short term price action are purely corrective in
bear trend still in place; such kind of short term price action, for the time being, should still not be seen as a trend reversal price action but as opportunities to get out of long exposure or to initiate short positions at better levels !
On D1, watch carefully the daily downtrend line resistance which is still intact and which will give clue on strategic view.
Have a nice Sunday :-)
BTCUSDT-240-Short Potential Hello Crypto guys;
According to the price action, harmonic and classic pattern it maybe has a nice sell within itself after breakdown the previous minor pivot.
DXY BEARISH REJECTION TO NEW LOWS?The dollar has been in a downtrend since late March 2019 and I'm expecting a bearish rejection off the 50DMA. If this were to happen I expect us to reach new lows, which would be very good for stocks and crypto markets.
Inversely if the dollar is able to break the turquoise downtrend line then that will be a worrisome signal. One thing to take note on is there is a record amount of dollar shorts so at some point there will be a dollar short squeeze.
I still believe that we will at least hit the monthly 200MA though and remain bullish on the markets.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
TLS - We may be getting a Buying Opportunity Right Away...TLS seems to be a buy right away, as it has pumped up higher with a massive Bullish Candle above the downtrend line, with High Volume and simultaneously giving a Bullish MACD Cross. It has been falling off like a rock since June 2015 all the way down from $7.00 to around $2.60 ( Support Zone ), but I think we may have seen a Medium and Long Term Term Low as it has bounced off strongly.
We can also see as price was forming lower lows, MACD has been moving up developing a massive Bullish MACD Divergence suggesting a big shift in the Bearish Momentum.
I believe that TLS should continue to move higher until it finds resistance at the R1 zone around $3.30 at TP1, giving a potential gain of70% on the position and move even higher to $3.550 region where my TP2 lies, to give a further 7% gain (or 14-15% gain in total position).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BTC - D1 - BEARISH ENGULFING PATTERN...D1 : Yesterday's price action triggered a Bearish engulfing pattern.
Intraday recovery failed to upside breakout the downtrend line resistance which remains an important area to clearly break which if done, would confirm further upside.
36130 (Tenkan-Sen) remains, as already mentioned several times in my post one the main leading indicator.
34400 ( MBB ) is the second support which should be seen also as a very good barometer, as already seen in the past.
32191 is the ultimate support, a failure to hold above that important level would trigger a sharp downside move
Conclusion : on D1 basis, BTC , need, in order to stabilize the downside risk, quickly recover and hold above at least 39150 (closing & opening of former sessions) which
would confirm an upside breakout of the current downtrend line resistance.
Sell on rally towards the downtrend resistance line
See H4 post which will posted in the next couple of minutes for intraday clues
Have a great weekend.
Best
Ironman
Lets make it simple. Rupture of a down trend line since 2008. It seems that EUR/USD have a great potencial to help us profit. A strong resistence ahead. But if we break it, we have a double bottom just above. We can go directly of test the resistence first. If we go back that down trend line, forget and wait another plan. Hope this helps you in anyway.
I am not a financial adviser. Make your own investiments studying hard. Good lucky!!!
XAGUSD flag pattern annd its predictionsilver is going to be bearish for a short time as the double top formation is completed and the flag pattern is confirmed in the chart but as you all know when the flag pattern is completed we are going to face a bullish trend after that
PAXG/USDT 4h is still bearish so still not profitable to investPAX gold is bearish as the overall trend obviously shows it and it crossed dynamic support plotted in the chart so its going to be either neutral for next days or bearish, no signs of bullish for now so still not profitable as we expect
Is Gold looking for a deeper correction abyss?It is clear by now that the Gold fantastic dreams of going to the moon in 2020 as the safest heaven asset are proven to be incorrect. Investors are heavily invested in the stock market and digital assets profiting from all the new printed money that is pouring in.
For many investors, Gold is the easiest asset to liquidate from their portfolios. Selling gold to reinvest in other winning assets, or cover commitments and immediate debt seems to be a no brainer. Investors will favor selling gold as opposed to sell other more profitable assets.
The fact that Gold is falling to achieve new heights in 2020, it shows a much deeper issue with the metals, in which IMO has to do with the way modern investor see it, no longer as a monetary asset, but more like a commodity that they park money occasionally.
Bitcoin in the other hand keeps going up, despite many gold bugs wishes of otherwise. Bitcoin is close to revisit its ATH of $20,000 as Gold breaks down unable to secure $2,000, a modern classic investment asset battle took place, and Gold lost.
IMO Gold is bound to go much lower in 2021, I can see it breaking down much lower the 200ma, possibly towards the lower 1500 hundreds, who knows, even lower, perhaps the death cross will follow with a long consolidation period.
If gold didn't manage to break out in the worse financial year since WWII, it will not be able to do much in 2021 supposedly a recovery year, for those holding it, hedge accordingly.
USDJPY-Weekly Market Analysis-Nov20,Wk3Last week, we had shared our trade ideas with our community(check the link at the bottom), for traders who had missed the opportunity could wait for the retracement back to the bearish trendline for a shorting opportunity. In order to do that, you have to make sure that the candle does not break and close above the red trendline.
USDJPY 103.48 + 0.13 % SHORT IDEA * CONTINUATION PTTNSHELLO EVERYONE
Here's a look at the DOLLAR / YEN that has been trading in a descending channel structure with some spikes here and there, the pair just broke a significant support level structure looking for a pull back as the pair is over sold on most indicators the 38.2 % Fibonacci is aligning perfectly with structure which is our previous support now resistance now the 50 % Fibonacci may come into play as well as target 2 as we've seen some spikes on the pair.
Looking for the descending channel to hold and see a push up into structure for a retest / rertracement.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
NZDCHF setting a new high?NZDCHF is currently in a good short-term uptrend, with the price that is just breaking another area of resistance, setting a new 12-day high.
If we have a closer look at the price action, we can see that the setup of the moving averages is slowly turning bullish and the price is also breaking last moving average, the long term one.
There is still a possible key-level to monitor, a downtrend line that already had 2 touches and may work as a potential level of resistance.
In this case, you can enter the trade now and then keep an eye on that level, evaluating the option to exit your trade if we have a rejection, or you can wait for a breakout of that level.
I decided to enter now, with a convenient risk to reward ratio and I will monitor the action around the downtrend line.
Good luck!
USDCHF TO SELLAs the green moving average passed the blue moving average on a downtrend, we are looking to sell USDCHF. Normally, I dont trade this pair, just looking for opportunities in the market.
TP: 0.9110 OR BELOW
EURCAD Short Term Sell Idea - Multi-timeframe AnalysisD1 - Potential double wave down.
While measuring the first wave we could see that the price still has room lower towards the 61.8% fibonacci expansion level.
H4 - We have a magnet zone formed by the 161.8% fibonacci expansion level of the H4 first wave and the 61.8% fibonacci expansion level of the daily first wave.
Price still has room lower towards this magnet zone.
Until the downtrend line holds I expect the price to continue lower further after pullbacks.
