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Short-setup

EUR/USD - ANTICIPATING A PULLBACKThe pair has potentially completed a 5-motive wave sequence, and I say potentially for the reason that we still cannot say with 100% certainty that wave 5 is over. It has given a topping formation (double top) as well as a strong lower low - lower close candlestick last week which could be signaling the start of a pullback / correction. My potential scenario: Short @ Entry: 1.2401, SL: 1.2701, TP: 1.1701, RR: 2.33 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
11
GBPUSD short opportunity!Hello traders! At this moment GBPUSD had a strong rejection from the top of the daily channel. There was previous resistance at this level and now we formed a double top pattern . You need to remember that GBPUSD is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will break the support for more downside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first red candle. We need a STRONG breakout of this structure to confirm the short opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
Short
by IQ
Why do we need wave analysis if we have heads and shoulders? In the last idea, we looked at the bullish flag and the triangle. But something went wrong and everywhere the output was down. Fortunately, we only go in the breakdown, and therefore not lost anything. Also wave analysis ceased to give any signals. And all that with great probability has grown into an inverted head and shoulders. I considered before that the usual head and shoulders with output down, but the buyers did not let this happen. So I give my voice towards this setup. My colleagues also think too
BITFINEX:BTCUSDLong
by TimurKuspanov
NZDUSD short opportunity!Hello traders! At this moment NZDUSD had a strong rejection from the top of the daily channel - 0.745 level. There was previous resistance . You need to remember that NZDUSD is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will break the support for more downside. Wait for a corrective structure before you enter the trade. Be patient and wait to see how price action develops. Don't jump into the first red candle. We need a STRONG breakout of this structure to confirm the short opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
Short
by IQ
NZD/CHF - EXPANDING TRIANGLE IN PLAYExpecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section) It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though i'm not a huge fan of counting. My personal details: Short @ Entry: at market, SL: 0.6845, TP: 0.6795 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
3
EUR/CAD - POTENTIAL FLAT IN PLAYIf it is indeed a normal flat correction, legs a and b have already been completed and we'll be looking to catch the final leg, leg c of the sequence. Pair is showing signs of weakness at the top as well as bearish divergence on the Daily timeframe. My personal details: Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
7
NZD/CAD - MONSTER SHORT IN THE MAKING? +900 PIPSI will be posting the Monthly view of this pair as well to show the bigger picture but there's a lot of evidence that makes me believe we could be seeing a huge sell-off. We're currently forming leg C of what I believe is a simple Flat correction. Furthermore Leg C sometimes comes in the form of an ending diagonal which is what we're seeing now and we are anticipating Subwave no.5 Reasons to sell: 1) Weekly RSI Ovebought 2) Bearish RSI Divergence on the Daily Waiting for a candlestick pattern to confirm the sell.
Short
by Aqua_Trader
1
EUR/NZD - A LITTLE UPDATE TO THE WEEKLY CHARTI know I could have posted this simply as an update to my previous EUR/NZD chart which states LONG bias on the Weekly chart, but I felt like this was a setup worth posting individually. While the Weekly chart is still valid, we have a good enough short setup at the moment. The pair has formed a Head & Shoulders setup on the 4H which indicates some selling pressure at the moment. H&S are one of my favorite setups and they work consistently well. We also already got a retest of the broken structure (Grey area) and already showing downside momentum. Have a look at the Related Ideas section to see how well this kind of setup has worked for me in the past specifically the AUD/JPY pair My personal details: Short @ Entry: 1.6790, SL: 1.6850, TP: 1.6690, RR: 1.67 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
2