Back in May of 2016 $MU was showing very positive signs that a rally was about to begin. Little did we know it would go from around $12 to a high of about almost $32.96 in a span of 14 months. Along the way, people kept asking, "Is it time to sell $MU?" Our answer was always the same - not yet...until now. What we are beginning to see in the chart of $MU signs...
Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short. TP: 0.87700 SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810 Both fundamental and technical analysis.
H4 chart indicates a bearish trend. Currently there is a rebound from local resistance which is on level of previous high. If trend does not change, then price should go towards last low. In this context you can consider short position.
H4 chart indicates a bearish trend. Currently there is a rebound from local resistance which is on level of previous high. If trend does not change, then price should go towards last low. In this context you can consider short position.
Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI...
Nice 1:2 Risk reward ratio. Bearish inside range trend
Hello traders, we're looking at trend continuation trade setup on GBPJPY daily chart..Obviously we still in a bearish trend because the price move from top left to bottom right of your chart..Last week the price have broke below and closed below the previous structure support..This indicate the trend continuation to the down side..The orange box is the area...
Still on a heavy downtrend on higher time frames. Now looking to hop on the trend via this bearish bat pattern. Good luck and good trading. Felix
As we can see in the chart we are having clear bearish trend in EURUSD and its making newer lows. There is retest of support turned resistance zone, where we are placing our entry orders to short EURUSD. If you are looking for longer targets you can book around 1.1150's with trailing your stops I had this one in my radar today morning thought that I have posted...
Clean Bearish Gartley pattern setting up on 4hr chart. B leg has been breached during Friday's trading session making it a good time to place orders. This bearish Gartley is forming within an underlying downtrend so more aggressive traders may opt for extended targets. A retest of the A point or even a 127 inverted extension of the AD leg are some ideas for...
The USDCAD pair has reached the top of it's trend channel and now looks like a good time to short the pair as we continue the bearish trend with the price below the 200MA. TP1: 1.2750 TP2: 1.2530 SL: 1.2910
Good morning everyone. Today we have a sell setup on FX:NZDUSD . As we see there is a very nice triangle with key support and resist levels and the bearish gartley pattern which completes at the triangle structure zone @0.6487. It is a very nice short setup as the trend is bearish these days. Our R/R is very good with 2 targets as shown on the chart. Stops should...
Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
WE MIGHT HAVE A POSSIBLE BEARISH GARLTEY PATTERN IF WE SEE A 1.27% EXTENSION COMPLETION FO D LEG. STOPS ABOVE X TGT1 0.382% TGT2 0.618%