Shorttrade
USOIL Short Trade SetupIt seems like the last top was the end of the 3rd wave, and now, 4 is in the making. As you can see my expectation is a downward impulse to the trendline. My target is 1.272 extensions of A and 0.382 retracement of 3. I placed a pending order under the last low because we may have a complete running flat, but I'm waiting for a lower degree trade setup to modify my order.
EURCAD Short Trade SetupI want to take a long trade because my forecast is an upward impulse for about 1000 pips. But before that, it looks like we will have one more drop for a complete correction. That's why I'll take a short trade to hedge it. I'm waiting for a reversal structure to place a pending order. When the red line is broken, I'll move SL to BE. Because the correction can become a running flat (yellow arrows).
SPX500 Short Trade SetupThe last top is the all-time high, and what we have after that looks like a reversal structure. For now, I can't tell if it will make a small or pretty big correction for more upside, or a huge drop. But in all cases, we should see a downward structure. That's why I want to sell it. To do that, I'm waiting for a complete correction. I may place a pending order to 0.886 retracement level of the reversal impulse with SL over the top by risking probably 0.25%.
GBPJPY Short Trade SetupThe upward movement from 124 looks like the C wave in a monthly running flat, and it might be over. That being said, there is still some room (approximately 300 pips) to go up. So, we will see that part, but if it's over, we will have a quite big drop, like 4000 pips at minimum. Of course, I won't trade this chart with 4000 pips target, but we can have some huge internal downward impulses along the way. For now, I'm looking at the last top as the end of the C wave, and waiting for a correction to take a short trade.
SPX500 Short Trade SetupThe last top is the all-time high, and it seems ready to make a quite big downward impulse. That's why I placed a pending order, and I'm in the trade now. We may have a complete expanding flat over the trendline. So it can make a new high. In that case, I'll try to close my trade with a small loss. Otherwise, I'm going to wait for a correction to take another short trade.
EURJPY Isn't it a Head and Shoulder? 30M TF 30/01/2021As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades
i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame