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Short-trade

The euro is under pressureThe euro is under pressure The euro / US dollar has reached its lowest level since June 3, 2020, as traders assess the divergence between the eurozone and the US economy. The pair is trading at 1,150, which is about 3% lower than the highest level this year. US economy and the euro area Recent economic data show that the US economy is recovering faster than the euro area. For example, on Friday, German statistics showed that economic growth slowed in the fourth quarter. Other countries, such as France and Spain, are experiencing significant improvements. While the German economy shrank, the US economy grew strongly in the fourth quarter. This was a sign that the effects of the Omicron type were not as severe as analysts had expected. Meanwhile, the US labor market has been stronger than Europe. For example, the unemployment rate in the United States has dropped to 3.9 percent. In Europe, the unemployment rate is around 7%. Thus, the EUR / USD pair has fallen as investors predict that the Federal Reserve will be more aggressive than the European Central Bank. Analysts have differing views on the number and size of the Federal Reserve raising interest rates. Goldman Sachs analysts, for example, expect the Federal Reserve to raise five interest rates this year. Other analysts at other banks forecast about 3 or 4 increases. Central bank officials are also unsure of what to expect. Analysts, on the other hand, expect the European Central Bank to continue its low-easing purchases and is unlikely to increase this year. Later this week, the EURUSD pair will react to the latest US jobs figures and eurozone inflation figures for January. Euro-dollar forecast The daily chart shows that the EUR / USD pair has been in a strong downtrend recently. In the daily chart, we see that the pair has been able to move down the pattern of the bearish flag shown in black. It also fell below the 25-day and 50-day moving averages while the stochastis oscillator reached the sell-off level. Therefore, this pair is likely to be ahead of the latest US NFP data. The next key station to watch will be at 1,1050.
Short
by Alisabbaghi
GBP/CAD Short Opportunity!Possibility for a short opportunity in GBP/CAD soon! Price has been steadily working its way back up to the structure high over the past couple weeks and now has shown a rejection. On top of this we can see a very clean trend line which is where a lot of retail traders have been buying from meaning that there is a lot of liquidity underneath that the institutions will want to grab. Therefore once we break structure, i would be looking for a pull back from which to go short on down to the demand area highlighted in blue. Feel free to leave any comments about the idea!
Short
by PercentageOverPips
4
My Current Position in USD/CHF. Low RiskDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Still there is not much price action to base this trade off of on higher time frames except a big pin bar, but we can clearly see that there was already a huge drop in price in the previous few days and there could be a large amount of sellers that are still in the market. I am going to try and take a low risk trade with a tighter than usual stop loss to get me out of the trade early if I need to. There is a lot of Demand for the Swiss Franc right now and the whole world is at a stand still with the new Omicron Variant that is already becoming more and more relevant. We may see a big pullback in all sectors, or we could see a stable economy while dealing with yet another virus. Hourly Analysis: Price has shown continued momentum to the downside all while having small pullbacks to the upside multiple times throughout this push to the downside. As you can see the big bullish candle to the right of the arrow had closed well below the recent lows which are pointed out by the arrow, this leads me to believe that their is still going to be momentum left in this move and this could be a low risk but high reward trade. Thanks Again, KeySlot
Short
by KeySlot
XRPUSDT Analysis showing possible drop.XRP BINANCE:XRPUSDTPERP has been pumping as all the other coins since BTC tapped the 30k mark. The think we need to understand that based on the Market Maker Method, soon or later, price will retrace. Before every retrace we see what we call Double Top or an M formation. An M formation can signify the end of a trend, in this case, the end of the uptrend. Does this mean that I have to sell all my holdings? Definetely no, this is just a trading idea. I will personally take a short because I can see different confluences in the chart that makes me think we will drop from now. The confluences I see are: The first leg of the big M formation has lots of mini-M's in it. The first leg has stopping volume, in other words, lots of traders longed the top and they are trapped. The second leg of the big M formation has lots of mini-M's in it. The second leg has stopping volume, in other words, lots of traders longed the top and they are trapped. We already retraced to the 50 EMA (4h candles) and the 200 EMA (1h candles), meaning a reset and resistance. Also, lots of trapped traders who went long thinking the EMA would be broken. We have lots of green vector candles that market makers will recover when they want. Possible resistance on KDJ. Finally, we need to understand that the market has a cycle of 3 levels of uptrend, and then 3 levels of downtrend. The first three levels of uptrend have been completed, that's why we can see an M formation, now we are missing 2 more levels to the downside since the first one has already finished. Talking about take profits I will close my position at 0.9439 and 0.8974 since we have previous peak formation (W formation) and an nPOC (naked point of control).
Short
by chutireality
7
ADA bouncedThe previous ADA idea brings us some small gains but was pulled back by BTC drop. If you followed instructions and trendlines from my previous chart published, you could make this nice SHORT trade that made us 12% gains. Perfect bounce down from resistance trendline was our entry and almost perfect bounce up from support trendline was signal to exit... Now the price heading up, but it's highly dependant on BTC action... If not entered long on that bounce already, I recommend you wait for a break of that RSI descending trendline established...
by PhilosophersStone