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Bearish Patterns

USDCAD Outlook | Downtrend + January FOMC Rate Cut Risk!Hey Traders, In tomorrow’s trading session, we are closely monitoring USDCAD for a potential selling opportunity around the 1.37800 zone. USDCAD remains in a clear downtrend and is currently in a corrective pullback, approaching a key trendline confluence and the 1.37800 support-turned-resistance area, which could act as a strong rejection zone. From a fundamental perspective, growing expectations of a potential interest rate cut at the January FOMC meeting could weaken the US Dollar, adding further downside pressure on USD-based pairs, including USDCAD, and reinforcing the bearish bias. As always, wait for confirmation and manage risk accordingly. Trade safe, Joe.
Short
by JoeChampion
16
NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! NZD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.576 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
SILVER SHORT FROM RESISTANCE Hello, Friends! SILVER is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 6,927.1 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
TRADENATION:XAGUSDShort
by EliteTradingSignals
1
EUR/JPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! Previous week’s green candle means that for us the EUR/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 182.002. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USD/CHF BEARS ARE STRONG HERE|SHORT Hello, Friends! USD/CHF is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.784. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USD/JPY SHORT FROM RESISTANCE Hello, Friends! USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 155.701 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2
Potential Double Top @ Golden Ratio On USDCHFBefore the New Year, price on OANDA:USDCHF may have formed a strong reversal at a very vital level! Since the Low @ .78612, price has made a retracement to the High @ .79875 and seems to have found some resistance at the Golden Ratio Level, 61.8% @ .79393. In prices second attempt to break this level, we see it is again rejected down before markets closed for New Years. If price breaks back below the 50% level @ .794244 where the Low of the Double Top sits, this will confirm the reversal pattern and generate Short Opportunities!
Short
by Novi_Fibonacci
EURCHF Looking To "Head" Down To Next Support??OANDA:EURCHF has made a successful formation and breakout of a Head and Shoulders, a strong Bearish Reversal Pattern! Now all we need is a Successful Retest of the Breakout of the "Neckline" or Support Level that helped form the pattern. Currently, price is trading @ .9312 Looking for a Retest around .9320 - .9325 If the Retest is successful and price is rejected down, this will generate a great Short Opportunity to take price down to the next Support level from the Low @ .9230 - .9180!
Short
by Novi_Fibonacci
USDJPY is Nearing a Strong Resistance!Hey Traders, In today’s trading session, we are monitoring USDJPY for a potential selling opportunity around the 156.200 zone. Technically, the pair remains in a broader downtrend and is currently in a corrective move, retracing back toward the 156.20 area, which aligns with trend resistance and a key support/resistance flip. This zone has previously acted as a reaction level and now serves as a potential area for sellers to re-engage. As long as price remains capped below this region, the prevailing bearish structure stays intact, with rallies viewed as corrective rather than impulsive. Watching closely for price reaction and bearish confirmation around 156.200 before any continuation lower. Trade safe, Joe
Short
by JoeChampion
5
NZD/CHF BEARS ARE STRONG HERE|SHORT Hello, Friends! NZD/CHF is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.459 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUD/USD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.664 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2
GBP/USD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the GBP/USD with the target of 1.340 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2