BTCUSD Pullback to Neckline AccomplishedPrice action pulled back to the dynamic neckline resistance from the major Head and Shoulders in formation. From the chart pattern perspective, this phase can considered a important turn-point, which psychological terms can rise interests for the bearish-side and growth of bearishness of market. In addiction, retroactive Fibonacci retracement potential fractal suggest a 88.6% targe in decline to fill in confluence to the potential double-down correction from this H&S. Classical short setup. In addiction, a strong reaction by buyers HODLers can be expected in a potential bounce from the Anchored VWAP of 2018 low, which is a strong area of interest / equilibrium to fill. If the price breaks-down the demand, a new phase of bearish leg-downwards / collapse can plays-out, which will lead us to a capitulate.
Sellsignal
BTC/USD short selling opportunityThe Fibonacci channel is a technical analysis tool used in finance and stock trading to identify potential levels of support and resistance in the market. It consists of two parallel lines that are drawn at a distance from a trendline that is based on Fibonacci retracement levels.
The Fibonacci retracement levels are derived from the idea that prices will retrace a predictable portion of a move, after which they will continue to move in the original direction. The most commonly used Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8% and 100%.
The Fibonacci channel is constructed by drawing one trendline from the high to low of an uptrend or low to high of a downtrend and another trendline parallel to the first one, at a distance determined by one of the Fibonacci retracement levels. The two parallel lines act as potential levels of support and resistance for the price of the asset being analyzed.
Traders use the Fibonacci channel to identify potential price targets and make trading decisions. If the price of the asset bounces off the support line and moves higher, the trader may take a long position. If the price of the asset hits the resistance line and moves lower, the trader may take a short position.
It's important to note that the Fibonacci channel is just one of many technical analysis tools available to traders, and its reliability can be affected by various market conditions. As with all technical analysis tools, the Fibonacci channel should be used in conjunction with other forms of analysis and market data to make informed trading decisions.
SELL ANALYSIS ON GBPJPYPrice has failed to break the resistance zone multiple times since 2022. price is at the zone again and we can see the change in market structure to a bearish one which shows us reversal. We can also see a breakout of trend line which also helps us confirm that GBPJPY will be bearish. So we have 3 confirmations now which are failure to break resistance zone, change in market structure, break of trendline. We set our SL just right above the resistance zone. TP1 is at the first support zone at 158 and TP2 is the final take profit at 155 with a risk to reward ratio of 7:1. Risk wisely
SNAP Short Options trading can be difficult in times of such market volatility. However fun stocks like SNAP that are not institutionally traded can tend to follow their own trend. SNAP is set to drop in price as every major trend I look at is screaming sell. This is a great put opportunity for a quick scalping. Indicators to look at:
Triple Confirm Bollinger Bands have initiated two sell signals based on price divergence and volume.
D+ issued a sell signal and you can just look at the past to see how accurate that indicator is. (There is a reason this script cost $$) This script issues buy and sell signals based on divergence.
Speaking of divergence, MACD also shows shrinking bullish divergence and would not be surprised to see growing bearish divergence.
RSI shows that the stock is overbought while the Kurotoga cloud shows that the price is sitting high above support with plenty of room to fall.
I am predicting a $0.75 to $1.00 drop in price for 1.31.23 based on the daily.
Retested our Order Block and is selling off, is this it ?If you have been monitoring EURCAD and this profile since last week friday i published this idea, you will observe that price really has been stalling by consolidating it's life and i still am controlling myself because it can be very annoying when you have seen exactly what price wishes to do yet it's stuck.
After yesterday's buy to our original entry point {after profiting off of it's ranging phase which it still is in, more than 4 times}, it retested our OB and started selling off right after.
What should we expect from price from now till next week ? We definitely will see. and note that price hasn't even begin to think of violating our stops !.
GBPusD SELL Price with double top rejection followed by head and shoulders pattern rejection to the downside
Price with a new lower and a forming continuation bearish pattern
Waiting for on more push to the upside with clear rejection before making an entry on this trade.
previous GBPUSD SELL trade Closed at breakeven after price came back up.
6O+ pips so far but price hasn't even started to move yet.Last week Friday, i posted a signal on here and some traders here are still swimming in profits even though it isn't as expected yet but still, something is better than nothing.
What i don't quite understand though is the fact that price is still consolidating, it hasn't broken out of the zone it has been in for close to 2 weeks now but we still will keep waiting, this sell will continue in no time because price needs to sell to our OB at that rectangle i marked out below then it's reaction to the OB will determine if we will close our positions or leave it to run right after the OB below gives us a breaker.
If we are given the breaker, we should aim for 5OO - 6OO pips in total before the end of next week hopefully !.
GOLD - Intra-day Sell off??With larger levels up around 78% 1972 this is a short term look at FXOPEN:XAUUSD with some possible selling today. Its been a massive run up and needs to cool off before the next leg high.
Key Time for today is 90mins before the US Open. A rally into this time could see selling for the rest of the day. Keep an eye on the DXY as well. It might be getting close to a temp bottom.
SELL ANALYSIS ON GBPJPYWe can see GBPJPY reverse from a major resistance zone on the 4H timeframe. The resistance zone has been tested multiple times since December 2022. We are expecting it to reverse to the next support zone which is at 158. it has also been tested multiple times. If price breaks the support zone, then its expected to reach the next zone which is at 155. Also be aware that there is a zone at 160 in between the resistance zone and the next support zone. I used a thin horizontal line to mark it. price may react around there. Let us see how it plays out. Thank you.
Going Short on GBPUSD! We see price had previously rejected the 1.24000 area and had went to the 1.19500 support area before bouncing back to the resistance area 1.24000. We are seeing price starting to reject this area once more so we took a short trade! Only downside would be if price were to break above and continue high! But only time will tell!
This will be the last trade of the week with 4 trades of profit followed by 1 loss, I would say it was successful!
Have a great weekend!
Thank you!
AUDJPY sell opportunityll JPY pairs are in strong bearish mementum from last few weeks and market is now doing in smart correction after good bearish rally
we are looking for another drop from that specific mentioned area
look for sell on AUDJPY and look for confirmations on lower time frame
always remember that patience is the key