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Bearish Patterns

Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart! Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone! All along the way, creating Higher Highs and Lows forming a Bearish Wedge! Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN! *Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
Short
by Novi_Fibonacci
AUDUSD - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDUSD has been hovering within a big range in the shape of a symmetrical triangle marked in blue. Currently, AUDUSD is rejecting the upper bound of the triangle. Moreover, the zone marked in green is a massive supply zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper blue trendline acting as non-horizontal resistance. 📚 As per my trading style: As #AUDUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart! Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area. This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405! Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133! *Golden Zone @ .85032 - .85087 After which I will be looking to take Sell Opportunities to finish the Wave! Indicators: -Price Trading Below DSR -Price Trading Below 200 EMA -DSR + EMA leading to "Death Cross" -RSI Below 50 -BBTrend Printing Red Bars
Short
by Novi_Fibonacci