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Bearish Trend Line

FCPO TRADING : 111) WAITING FOR REBOUND TO SHORT SHORT WHEN REBOUND UNTIL 2770 HIGH IS BROKEN... resistance : 2670 higher resistance : 2700 previous high ; 2770 lower support : 2560 current support : 2625 - 2630 Comment: WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!Short
by HAIDOJO_trading
lower highs are formed for fkli_junenot looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month.. immediate and critical support : 1486-1480 immediate resistance : 1515 - 1520 depends on SMA-200 strategy : short on rebound or wait for breakout of 1486 support...
MYX:FKLI1!Short
by HAIDOJO_trading
Sell Analysis on NAS100USD from a RookieTechnical Analysis is lining up with Fundamentals. America is currently under a Crisis. Price has failed to break above 9593. Due to the uncertainty of the re opening of the economy and another potential 2nd wave of Covid 19 and with violent civil unrest. I see price failing to make another higher high and continuing to make lower highs for the NY session today. Im already seeing profits on this trade and I expect to hit my TP 4 by end of day. Like or Comment if you agree. May God Bless America because he's the only one with the answer for what our nation and world is facing. Futures are down before the opening bell leaning towards a bearish trend going into the NY session.
OANDA:NAS100USDShort
by TradingTrav101
GBPUSD short, retest of keylevel resistance. 1.618 fib extenstioGBPUSD has formed a double top for the last few weeks, which is a bearish sign. A weakness of the Bullish trend. It broke the 1.2200 Support Area and bounced off around the 1.2100 area. Currently, the cable/GU will retest the 1.2200 as a resistance, and might break it as well as the bearish trendline. If it breaks both the trendline and the resistance, Idea is scrapped. And out of the trade. For now I'm gonna look for short in GU and wait for more candle confirmation and rejection at the resistance, such as a bearish engulfing candle. And a probable Take profit area is around 1.1900 which also is the 1.618 fibonacci extension.
Short
by Jimbololoy
CADJPY with an outstanding risk to reward ratio!Bearish engulfing pattern on a downtrend line for CADJPY. Last week, JPY has been one of the weakest currencies, while CAD has been one of the strongest. In terms of market action, I normally would wait for a confirmation, since buyers have been very strong. The opportunity offered by the risk to reward ratio (up to 1:10!) that we can get, leads me to take this trade on the bearish engulfing pattern on the key-level, without waiting for a second confirmation. I'm planning to take part of the profits on each potential level of support highlighted by the pink rectangles. Good luck!
Short
by FedericoSellitti
USDJPY TRADING IDEAThis is my analysis and trading plan on USDJPY i'm looking to short/sell from the 61.80 FIB retracement where the sell is indicated with several confirmations. 1. First confirmation is the double bottom that is about to form at the area of support and indication of a reversal sign with the two green arrow and fib rejection of 0.00 going for a buy/long into the sell zone heading to the 61.80 FIB to find a resistance level. In turn forming a double top indicating a clear reversal sign with the two red arrow which will cause a draw down. 2. Second confirmation, the trend is bearish so i patiently wait for my analysis to play out giving me a clear and strong confirmation to sell/short. RISK/REWARD RATIO @ 1:6 STOP LOSS @ 100 TAKE PROFIT 3 @ 617 I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
Short
by investor_tfunds
USDCAD TRADING IDEAThis is my analysis and trading plan on USDCAD i'm looking to short/sell from the 61.80 FIB retracement where the sell zone is indicated with several confirmations. 1. First confirmation is the double bottom that has already formed at the area of support and indication of a reversal sign with the two green arrow and fib rejection of 0.00 going for a buy/long into the sell zone heading to the 61.80 FIB to find a resistance. In turn forming a double top indicating a clear reversal sign with the two red arrow which will cause a drop down. 2. Second confirmation, the trend is bearish so i patiently wait for my analysis to play out giving me a clear and strong confirmation to sell/short. RISK/REWARD RATIO @ 1:5 STOP LOSS @ 150 TAKE PROFIT 3 @ 834 I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
Short
by investor_tfunds
BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder. Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues. Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support. What's your sentiment? Likes & Comments appreciated, Thanks, -HP
COINBASE:BTCUSD
by MinerChad
USDCHF continues it's downtrendHi traders, As you see, we have a downtrend who has highs decreasing on the price and also on MACD wich sustain the ideea of a downtrend. In this case we should focus to sell. An anticipative move is to sell now and the conservative one is to sell after 0.96331 is breaked. A first target might be 0.95034 and the next one might be 0.92541. If your analyse match with mine, go and take the money ! I hop you enjoy it! Remember: Don't look for fat wins because the only thing you will get is FAT.
Short
by Fuelfxc
Dow Jones Futures Rally Into ResistanceThe Dow Jones is currently up nearly $840(3.9%) to $21,785 after holding at the 23.6% Fib level upon futures market open last night. Price is currently testing the downtrend resistance line which for now is still acting as price resistance. This move comes as President Trump and VP Pence had an upbeat tone during Sunday evening’s press conference while touting declines in new cases and deaths reported out of New York and Italy which appears to be giving traders hope that the worst is over. Earlier in the weekend the next two weeks were referred to as our “Pearl Harbor” and “9/11” moment as the Surgeon General said to prepare for the worst in new cases and deaths in the U.S. Traders appear to still be trading from news headline to news headline rather than the big picture while ignoring the coming earnings apocalypse and what is expected to be another massive unemployment claims data release on Thursday. Futures markets have not been a good indication of what to expect during actual spot market trading lately so all eyes are on the Wall Street open and whether or not traders can push price above the downtrend resistance line and from there the 38.2% Fib level as those are the two key resistance levels that price needs to beat in order to break the bearish trend in price.
CBOT_MINI:YM1!Short
by PrepForProfit
GBPCHF short entry 1HPrice is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside. Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which should produce huge momentum lower. My moving averages are harmonic in nature... There is confluence on the RSI with the Weekly chart. The Monthly, however, is showing divergence. Perhaps after next month, we see a bullish move to retest previous Weekly highs.
Short
by BillionaireTomBoi
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