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Lowerhigh

forexTrdr EURUSD - LOWER HIGH DOWNTREND CONTINUEMorning traders, Back into the market after a long weekend in both U.K. and U.S. and we are looking at the continued downtrend of Euro versus US dollar. A series of lower highs continues to form with support around 1.11 area providing a short opportunity of 90 pips. We also have the formation of an Evening star candle or tweezer top if looking on longer time frames. Both point to a bearish pattern forming. Additionally we have heightened tension with Italian government and the EU likely to add negative headlines over the coming trading week. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
eurjpy short setupeurjpy is in a descending channel consisting of lower highs and lower lows. Price seems to have reached its first resistance zone. Resistance zone was previous support from past data and has now been broken and turned into a newly formed resistance which adds to the continuation of the descending channel. on top of that, price was in alignment with the fib retracement of 0.5 from previous lower high so that also indicates that price will drive lower. Waiting for breakout of the trendline on lower timeframes to enter.
Short
by chiefcapitalfx
AUDJPY - Will The Yen Be The Safe Haven Yet Again? With JPY new set for tomorrow with the Bank Of Japan discussing the Monetary Policy and the governor of the BOJ speaking on the Bill Of Exchange, this could be a influencing factor as to where AUDJPY price would like to move. Currently, at the time of writing this article, we are sitting above the 78.750 monthly key level. We are respecting the descending trend line, however we have broken the ascending trend line. Price has also been ranging between the 77.700-79.800 price region from early January till now. We began to see downside momentum after consolidating between the 25th of February and 5th of March, where we then saw price break the consolidation zone creating a lower low followed by a lower high. I favour a short bias however I'd like for price to close below the monthly key level or see a break and retest. Price could also push higher, seeing stop hunts and break the descending trend line and retest the ascending trend line, around the 79.500 price region, which will be another retracement to the 61.8 Fibonacci level. I will be waiting for more confirmation on this pair however price looks bearish. With speculation in the air surrounding the Aussie Dollar likely slipping below 0.70 USD in the second half of 2019, this may be a high probability setup with downside targets of 73.500 and 71.000 long term. If the descending trend line is broken, retested and then we see an aggressive bullish movement, this short may be invalidated. As always, risk management is key and trade responsibly. Only use my analysis in line with yours, do not doubt or change your bias. If any further questions are needed, hit me up on instagram: keownarcher
Short
by KeownArcher
Gold's medium term scoop - A Failed breakout and bear resumptionHi! Here are my thoughts for gold XAUUSD . - Gold is bullish since November 18th, 2018. Afterwards a solid pullback with a 38.2% rotation on the weekly and monthly chart. In fact, there was a failed breakout of the 1300.000 psychological level which was not more than a test of the downward trend on the daily chart since the high price 1348.000. Thus a lower high was formed at 1311.000. Analysis : - The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers. - Prices are likely to dip back at the support levels of the weekly and monthly chart (38.2% retracement of the Fibonacci levels). - The mid-term target is around 1275.000. - The volume decreased of 50%, showing a temporary interest loss. Feel free to comment or give ideas. Succesful trading!
OANDA:XAUUSDShort
by Theperfectionist
GBPUSD - Cable preparing for a new leg to the downsideLast night we had exciting movement from cable, seeing price bounce off a daily support/resistance region. The main catalyst being PM May's visit to Strasbourg yesterday where it was rumoured she had gained assurances from the EU. However, as of today it is evident she was unable to win over the Government & Members of Parliament, with the governments chief legal adviser giving a rather dovish statement and low liking to her BREXIT deal. A few of PM Mays own party members will reject her deal.This was a classic "Buy the rumour, sell the news" event. Members of Parliament are worried as the PM looks set to see a no deal outcome. Unless of course, the PM and her party alongside the ERG, DUP and majority of voters vote for the PM - which i highly doubt. Back to technicals and we can see on the daily timeframe we had a couple of higher highs and higher lows. However, we have come close to a 3rd touch of the trend line due to last nights news, forming a new lower high. Fundamentals are currently respecting technicals as we've seen a rejection of the descending trend line and a ping off price ranging between the 78.6 / 88.6 Fibonacci regions. We also managed to come below the daily support/resistance marked in purple. Short term downside targets are 1.28600 and 1.27350 respectively. I expect a retracement to this purple resistance also laying in line with the 61.8 Fibonacci retracement region before seeing a leg to the downside, before creating a new lower low. This can be a great swing trade to capitalise on a no deal result before seeing a recovery of the GBP. As always, risk management is key. Market manipulation and volatility is expected in these times of uncertainty and volatile news event times should be noted! Thanks for reading, if you have an questions hit me up on instagram. Instagram : keownarcher
Short
by KeownArcher
CADCHF - Can The Bears Override The Bulls ? Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted. So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection from the weekly key and we can look for bearish candle stick patterns to indicate a reversal and then our next Lower High will be confirmed. This will then be anticipating a Lower low to continue the downtrend and we can see price drop of around 250 pips. Stop losses will be just above the weekly key. Instagram: keownarcher
Short
by KeownArcher
1
BTC Update! Bears prevent the higher high and slam price downLast 2+ weeks now we have been watching the weekly chart. We watched as the bulls set their higher low compared to our December low of $3129 and bulls made $3338 the higher low. We were then watching a strong bounced towards $4k a few days ago but anything under $4239 was just a lower high on the weekly. I have to admit, I became optimistic the bulls may shift this trend since ETH and LTC had already done so on their weekly charts. But BTC remains the king and bears sat and waited patiently until price approached $4200 before shoving price violently down 10%+. The whole stairs up and elevator down strategy. So $4188 is now the lower high on weekly to watch and as stated last chart, we'd be watching for an equilibrium pattern on weekly to shape up with lower highs and higher lows. Personally last chart I was watching for the rejection of a lower high somewhere in the low $4,000's and perhaps seeing a higher low down in the $3600-3800 range. $3712 thus far is where the bear dropped price too but we have seen weak bounce attempts since then. It also happened so quickly and on such high bearish volume, makes me thing bulls will have a hard time bouncing right back for a quick equilibrium bull break to higher highs. But anything above $3338 on weekly will give this bulls a higher low so they have some breathing room and we may see some decreased volume next couple of days as things take a while to play out. I will remain patient as always and need to see these bulls prove their trend change on weekly to higher highs before taking this market for anything more than bearish with tradeable bounces. Many other coins have shift trend and look much stronger than BTC but in the end, nothing runs too far without BTC. Also worth noting, other coins always dump harder than BTC too, see ETH and LTC with both 20%+ losses today compared to BTCs 10%. Continue to stay protective of capital as I don't mind trading bounces here and there but won't be holding until the longer term time frames shift trends and BTC has yet to do this. I will be out of town several days coming up so likely out of trading for the week but will try and keep my eyes on things. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Today's Tweezers Results in Bitcoin Lower HighThe drop today in bitcoin is forming a tweezers pattern for the past two day's price action. This shows a rejection of yesterdays price increase and the drop today also forms a lower high on the longer-term daily timeframe. The candle has not yet closed but this type of price action typically would result in an increased likelihood of a movement to the downside, especially if the price can close as it is currently forming. The closest level is resistance at $3902 and I will seek to enter a short position at $3901. If the position is entered successfully, a stop loss will be placed at $3950, slightly above yesterdays close. Profit target will be $3840, just above the FTA at $3831.
BITMEX:BTCUSD.PShort
by AdaptiveAnalysis
BTC Update! Continuing to watch for weekly trend changeSorry everyone, been away for almost 2 weeks now! Last chart post was back on Feb 8th and BTC had set its higher low at $3338 and we were watching to see how it would bounce. Knowing full well anything under $4239 is just another lower high on our weekly chart. Well 11 days later and here we are, same chart with minimal change. Bulls have pushed price up from $3700 11 days ago to now reaching our high at $3970 today. Solid move by the bulls across many names the past 11 days but we continue to stay cautious on BTC and market in general. That is why I zoomed out back then to weekly chart and while it was nice to see a higher low finally setting on BTC for weekly, a higher high is what bulls really want to see to try and start to shift this trend. If the bulls fail and only get a lower high then most likely scenario is an equilibrium pattern. Bulls would try to defend the higher low at $3338 and establish another higher low and then seek to break to higher highs. Let's see what rest of the week brings and if bulls have enough strength to test $4239 or if the bears take price back down. Personally would be fine seeing a lower high here at $3970 or low $4,000s even as long as the bulls can then get a higher low perhaps in the $3600-3800 range and then push for higher highs. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
GBP/AUD Analysis for favoured downside move GBP/AUD: Beginning with the monthly chart, we can see that GA is currently resisting off of the 1.8500 zone which it has done in many previous tests. As well as this, we also have a support level on at around the 1.7300 level which in previous tests has proven to be a strong level of support especially. Dropping down to the weekly chart we can now see the true strength of these two key monthly levels and can now start to get a grasp of what the market is actually doing. as we can see it is trading firmly within this range with strong rejection candles at both the roof and bottom of this important zone. We also have a new SR level which has become clear as we have dropped down to this timeframe at the 1.8000 level where price is currently sitting just above and has done for the past 3 weekly candles. Now as we descend to the smaller timeframes where we would be looking for our final confluences on our preferred bias before stalking for an entry. On the daily timeframe we can now see yet another minor level has formed which, in recent tests has proven to be a strong level of resistance. Now we drop down to the 4 hourly timeframe and can clearly see that we have an upward trendline which has been respected in many previous retests. We also have a significant SR level at the 1.8100 area, and it is at this area that I am looking for a bearish opportunity on this market as this, if this level is again rejected, it would form the second shoulder to the head and shoulders pattern and therefore add huge confluence to my already short bias. Furthermore, we have already seen a lower high formed on this timeframe which adds to the downside bias. If this entry is taken, then I would have a stop loss around 1.8117, however if the entry is taken upon a break and retest of the 1.8000 level we would set a stop loss at around 1.8020 and a profit target level at 1.7755 and then with a break of this level we are looking for a potential re entry and a continuation back down to the 1.7530 level.
Short
by sam_page
BTC Update! Is Daily lower high set?We have seen nearly a full week of slow and boring sideways action with BTC. I've had zero interest in the market all week as we were watching to see if the bulls could test the daily lower high up at $3766. After several days of minimal movements, we saw the bulls make a push this morning up to $3658 and are now consolidating back down from there into the range we have been in pretty much all week of 3500-3600. Bears would be comfortable with $3658 being the high of this move as it allows for just another lower high on the daily and then they can attempt to push BTC back towards $3400s to try and break the support levels there with them ideally pushing it to $3129, our low of this bear market. Bulls on the other hand, if this is a lower high on daily and we see consolidation over weekend, really need to see it hold above $3425 for a higher low and then push for a higher high to begin changing the trend to the bulls favor. Back to a game of patience as bullish traders and trading against the overall trend still. So my key levels currently are $3766 & $3658 resistance, $3510 & $3425 support. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Another Lower High on Daily and bears step in Last chart we were watching to see if bulls could get their continuation from the small bull break they had. Bulls had topped out at $3766 and was watching for continuation either yesterday or today or would the bears step in? Unfortunately for anyone bullish, the bears stepped in this morning and once again it was another elevator down. I had been in an LTC position which fortunately was a stronger bull move and had even tried to make its continuation move before BTC got slapped down so I did get stopped out, about a 6% move for my trade which I am happy with. So now what? I am using both 4 hour as usual as well as a daily chart today just to show the lack of support on daily. This last move by the bulls was a fairly weak lower high (prior high we were watching was up at $4115). The low bulls wanted to hold here was $3481 and we double bottomed this morning within 53 cents. I personally do not expect this double bottom to hold and underneath that is a lack of support again until our low down at $3129. Not a place I'd care to try and catch a falling knife so likely remaining cash for myself to wait and see a change in trend again at least on the hourly with higher highs and higher lows. Overall just a tough market for those only seeking bullish entries and will certainly test your patience. I've made a handful of small trades in the past 2 months and overall for the past year its just been a lack of trading opportunities for bulls in this environment. Lets see if the bulls can defend this double bottom today and get a bounce back up or if the bears strike again in hopes of driving this back towards $3k. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Bitcoin: Testing Lows Is Part Of The Process?Bitcoin update: Price is beginning its first real test to prove if the recent rally is truly the beginning of a broader recovery, or not. The chart formation that is still developing can be the sign of the bottom that everyone has been waiting for, but it still has a ways to go in terms of proof. On the other hand, if price clears the newly projected support levels, Bitcoin could be testing 3K again quickly. If you have been following our analysis, you should know by now that tops and bottoms take time to develop. Part of that development process is for price to generate and test new support and resistance levels. How the market chooses to deal with these levels is where trading opportunities can come from, but letting the market decide is key. Since the move from 3150 to 4230, Bitcoin has two projected support areas of 3800 and 3450 respectively. Simply reaching a level is not enough, the question is what kind of price action appears at the level? Candle stick reversals would be one type of signal that would call our attention to another potential swing trade long. By waiting for such a signal, you can better avoid the all too common mistake of jumping in too early, only to watch price push to new lows. Remember this market is not out of the clear as far as the short term bearish trend is concerned. Price needs to close above the 4400 area (COINBASE) to increase the probability that a bottom has been established. Since Bitcoin has not proven that a broader recovery has taken hold just yet, we continue to maintain a strong defense. This means long signals are considered aggressive (small positions), and trade management is tight. This defensive stance is what allowed us to come away with a 192 point profit as opposed to a 240 point loss in a recent swing trade that we shared with our followers. In summary, timing Bitcoin successfully is possible, but it will not come from following others analysis (ESPECIALLY from the majority of "experts" on here). Success begins with a particular mindset. We receive a lot of questions from inexperienced investors asking if they have "missed" the bottom since the Bitcoin short squeeze. They ask this from a mindset of "scarcity", which is the natural human reaction and also the first step toward failure. The fear of missing out is exactly that. And that fear often leads to expensive mistakes, large losses and empty accounts. If you want improve your performance, forget charts and oscillators, start by reshaping your thought process. Stop chasing scarcity, and instead begin your thought process with the idea that opportunities in any financial market are infinite. What IS scarce is their frequency, but there is a very simple solution to that and it is called patience. Remember missing signals doesn't wipe out your account. Have you missed the bottom? Buying at or near the actual bottom is a low probability game. You don't need to buy the bottom or sell the top to show a positive performance. If Bitcoin is going to sustain any significant recovery, there is a good chance it will produce more signals along the way. Signals that offer clear and attractive reward/risk. It is just a matter of having the patience to let it prove itself. This is a game of psychology. Charts can help us measure probabilities that are based on the natural tendencies of human behavior. If you cannot interpret the psychology behind all the pretty graphics that a chart provides, then you are making decisions based on random lines.
BITSTAMP:BTCUSD
by MarcPMarkets
28
BTC Update! Can bulls break the lower highs?? Last chart we were dropping to lower lows again. Bulls stopped the bleeding at least temporarily at $3129 and we saw a pretty uneventful weekend. Early this morning the bulls began to show up. Bulls got ahead of both 12 and 26 EMA on 4 hour chart but thus far have been unable to break $3486. Looking out at the daily chart we are rejecting off 12 EMA currently. Short chart really under minimal pressure thus far and I believe in order to see these shorts get squeezed, the bulls need to break above $3486 (perhaps to somewhere in the 3500's) and then pull back briefly for a higher low and then break out again and into the 3600s+ for shorts to truly feel any pressure and create the squeeze to give a good size run up. LTC has shown much better strength yesterday and today compared to BTC so lets see if BTC can do the same. I won't hold my breath on it and this could simply just be the bears giving some space to let the bulls set a lower high before bears load back up on short positions and try to drive BTC back to lower lows. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats