Market-sell
SELL USDCAD?SWING TRADING JOURNAL
Bearish invalidation still intact. So, I'm bearish for USDCAD and this is my plan
I will;
SELL USDCAD somewhere at Green Box (try to sell as high as possible)
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
EURNZD 1.68555 sell area, medium riskEURNZD 1.68555 sell area, medium risk
Great Key LVL, RSI over Buy, Fib lvl
EURCAD Repeating itselfwell the chart is clear and simple
will wait for clear sell at the weekly trend
LONG TERM SHORT OPPORTUNITY - USDJPYThe #USDJPY pair is an amazing pair to go #Bearish on at this time! I have many reasons among them; The pair has respected the monthly trend lines and showed no interest of breaking the present bear channel! It completed the upside move in June 2015 and has been on a downside trend for the last 3 years and 10 months. It is almost done forming a triangle with double tops of the M pattern at the top! If you add the top formed in 2015 at completion of the upward trend, you get triple tops that are a great confirmation of the downward side big move of the triangle! This is also confirmed by fundamentals as they stand!
I am waiting for the completion of the triangle and then for break, I will be looking to short this pair soon. NB: This pair goes down slowly than it does on the upside, patience is key... #DragonForex
$14,000 - REJECTION OR BREAKOUT? UNBELIEVABLE MOVE TO HIT BTC!Bitcoin has pierced through every single resistance level without considerable cool down and retracement.
The 0.618/($13,500) retracement level is the last level to be conquered.
If we break through this level then prices like 20,000, 25,000 or even higher are probably due to the fact that the market is in an extreme parabolic phase and does not care for any indicators. The top is indefinite and calling it is unbelievably difficult and extremely risky in these phases..
Resistance is very low above 14,000 and if the major levels such as 6,000 and 10,000 were completely obliterated without question or looking back then the same is very likely for 14,000. It is clear that resistance isn't something that the market realises or acknowledges right now.
FOMO and aggressive whales have bought up the market way further than it needs to be for a sustained run. The current state of the market is unhealthy and could end badly. It is safe to say that the prior bear market exit was healthier and more orderly allowing for the more sustained price action. The Trading View community is full of greed and exuberance. This is quite symbolic of the 2017 bubble before it burst and capitulated over 85%.
The market is dangerous at the minute to say the least. As a result, this may be either one the craziest sell-offs or price surges/parabolas ever in the history of Bitcoin given the price action in the short period of time it has occured.
My thoughts are that we will see one of the craziest sell off's Bitcoin has ever seen and I look for a minimum 40% correction before re-evaluating the state of the market.
We break downAfter the update of local maxima, our pair went down. At the current moment the situation on the chart is similar to the fact that the head and shoulders pattern is being formed. Now we are in the final stages of the second shoulder.
Therefore, we advise you to take short positions in the pair and we believe that the pair will move to the levels of 1.1370 and 1.1330
Gold H4 SetupGold H4 Setup provide the ABCD pattern ... We are going to short gold from this pending level with long term targets . Good Luck
