Shortposition
GBPUSD | November 26, 2020GBPUSD | It's not a signal | it's my honor that you like the Idea and follow me :)
I have been learning Forex for 26 Days now.
Trading on Fibo levels using a correction grid. Short position.The intersection of the W1 channels, correction 50-62% to the upward impulse (blue), = fall to the support of $1765, $1700.
NZDUSD: Wait for the touch to supply area for SHORT positionMAIN IDEA: The main idea is to SHORT the rallies, SELL the top.
Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern:
Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019).
Scenario 2: After the drop of the touch on the supply area (0.6945-0.6975) the market is trying to form a HEAD & SHOULDERS pattern for a further drop to re-test the support, which was resistance.
--> To conclude you have 2 possible options: Either you see a Head & Shoulders pattern, which if you don't know how it looks like go to my profile and see, I have a very analytical explanation for H&S pattern OR wait for the corrective move to the supply area and SHORT the position from the highs and put your STOP LOSS at around 0.6985.
--> This trade will offer you a very nice opportunity with a very good risk to reward.
--> Watch lower timeframes (1H & 4H) for the price actions signals, so you know when you can extend your take profit target or when you should close your position.
XTZ/USDT Descending Parallel channel!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at XTZ/USDT on the daily TF, we see it trading in a descending parallel channel. This is a bullish pattern that can make for great profits if it breaks out towards the top. This channel not only creates your S/R zones but also helps to guide your entry. If going short i would enter towards the top which would be our area of value with a tight stop. vice versa if you're going long. This coin has been at these levels for a while and even with bitcoins strong moves it seems to go right back into this triangle. When this coin decides to move, it does it decisively. Make sure you know what side you want to be on. Manage your risks and use stops to minimize losses if trade moves against you. There's always another opportunity in the crypto market! Patience wins it all.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
The Price of BCH/USD is Trending Downwards - What Is Next?Hi everyone, Trading-Guru here with an analysis on Bitcoin Cash. I expect the price to keep dropping along with the parallel descending channel after the bearish signals of the strong rejections on the $280 resistance.
Furthermore, I think it's a good idea to try and short it until roughly $230 but not any lower than that. It seems that the support around that level might have a reversal for us in store, so we can pick it up after a take profit with a long position again.
BATUSDT - Short positionBelow the Static resistance and on the top of downtrend channel So It seemed like a good short position to me
SL above the resistance and downward trendline
BTC Dancing In Triangle!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at BTC/USDT we see it trading in a triangle. Bulls and bears respect these zones until it reaches close to the end where a decision needs to be made. Personally i think it can go either way but i'm leaning more towards the bullish side. Lets watch closely and see exactly how this plays out in the next 24 hrs. Each line is an area of value where you can enter a quick short position or long. remember to use your stops and good luck!
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Win
short postion, pending order, sell limit price will pull back to the monthly resistance, wait for it, then enter the short position
LRCUSDT - Short positionprice came back to it's downward trend and also there is a static resistance in that area...It seems like a good setup for short to me
AUD/CAD SHORTAs we can see on the chart, we have a clear setup for short possition with 1:5 risk to reward ratio.
NZDUSD Possible outcome This analysis is based on the pattern forming when you zoom out, which is the H&S pattern.
entry is only considered when the pair fails to break the higher high resistance level.
when you zoom out the chart, you will see a head and shoulder pattern.
YFIUSDT Short positionI Published this one a day after I opened the position...1 level Sell market and 2 Sell limits
RLCUSDT - Short PositionI Saw a Clear Head and shoulder pattern...short in case of break through the Static support
Short oportunity in Ethereum until the $335 forecastIn this analysis in H1 timeframe, Ethereum was into this descendent triangle . Well, we hope a short entry confirmation in the $377 USD approximately
Now, as Ethereum formed this chartist pattern, we see a bearish movement until the $335 USD.
In the situation of Daily timeframe we see a bearish movement that bears is leading the cryptocurrency to reversal trend.
And the key support line was broke down in the morning, that show that Ethereum is weakness
Also, there are a 2 points to take our profit, and those are $355 USD or $335 USD, that it's could Ethereum reach down.
