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Shorttradesetup

This is a 4-hour chart of Bitcoin (BTC/USD)This is a 4-hour chart of Bitcoin (BTC/USD) showing a key resistance level around $86,527 and a potential bearish move towards lower support zones. Analysis: Price is currently trading near the resistance zone, struggling to break above it. A sell setup is suggested, expecting rejection from resistance. The first target is around $78,500, with an extended downside target at $75,869 and possibly $71,580 if momentum continues. A stop-loss level is placed above resistance at $86,527, indicating a risk management strategy. The overall structure suggests bearish sentiment unless price breaks above resistance. Potential Trading Plan: 📉 Bearish Scenario: Short below resistance confirmation. Targets at $78,500, $75,869, and $71,580. Stop-loss above $86,527. 📈 Bullish Scenario: A break and close above $86,527 could invalidate the bearish setup.
BINANCE:BTCUSDShort
by ForexOptimizer
JPY/USD - Bearish Breakdown from Ascending Channel 📉 Market Structure: The pair has been trending upwards inside a well-defined ascending channel. However, price is now testing the lower boundary of the channel, indicating a potential breakdown. A confirmed break below this support could trigger a bearish move. 🔍Key Levels: Support Zone: 0.0068122 (Channel Support) Current Price: 0.0067279 First Target: 0.0065703 Second Target: 0.0064390 📊 Trade Idea: A confirmed break below the channel support could signal further downside. If price rejects from this level and starts falling, a short opportunity may be considered targeting 0.0065703 and then 0.0064390. Traders may look for bearish confirmation before entering short positions. 🚨Confirmation & Risk Management: Bearish Confirmation: A strong break below 0.0068122 with volume. Invalidation: A strong bounce from support and a move back inside the channel. Risk Management: Stop-loss can be placed above 0.0068122 to protect against false breakouts. This setup suggests a potential trend reversal if price fails to hold the channel support. Traders should watch for confirmation before executing trades.
Short
by ForexOptimizer
1
XAU cannot break ATH - correction down to 2500 areaXAU / USD trend forecast August 30, 2024 Russia launched multiple air strikes on Ukraine this week, costing Moscow around £1.1 billion. At the same time, Ukraine has cautioned that it is closely monitoring its border with Belarus following a recent buildup of troops there, according to Sky News. The US Gross Domestic Product (GDP) expanded at an annual rate of 3.0% in the second quarter (Q2), as reported by the Department of Commerce in its second estimate released on Thursday. This figure exceeded both the forecasts and the initial estimate of 2.8%. Additionally, US weekly Initial Jobless Claims for the week ending August 24 fell to 231,000 from 233,000 in the prior week, coming in below the market expectation of 232,000. September is an opportunity for the financial market: BTC, XAU increases strongly, Gold price needs to accumulate more, the target is to adjust down to the 2500 area. /// SELL XAU : zone 2527-2530 SL: 2535 TP: 50 - 150 - 300 pips (2500) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
7
DASH Entry, Volume, Target, StopEntry: with price below 75.06 Volume: with volume greater than 5.92M Target: 67.82 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 75.05, 77.46 gets you 3/1 Reward to Risk Ratio. This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
DShort
by tradepatiently
Short at the top of a Range (USDJPY)Trend Analysis: Range-Bound Support & Resistance: The price right now is right at the resistance zone . Candlestick Analysis: Formation of some INDECISION CANDLES right at resistance which can potentially mean either of these 2 things: 1 - The market might be taking a short pause. OR 2 - The market might be at the end of the current short-term UP-Trend. Ways to take the "SHORT" trade: AGGRESSIVE APPROACH: Take the trade right now, with a little stop (just above the high of the range) and a huge target, i.e., a good reward-to-risk ratio. CONSERVATIVE APPROACH: Wait for a strong bearish close in a huge bear candle and then pull the trigger, i.e., a bad reward-risk ratio. RED FLAGS (WARNINGS): If the price continues to form INDECISION CANDLES and fails to give some HUGE BEAR CANDLES and instead, the price produces some BIG BULL CANDLES then that is the time when I exit my short trades. So, what I would suggest is taking trades with 2 lots with conservative ATR stops above the highs of 108.62 JPY (maybe at 109 JPY) and targets at - 1. MA value zones , drawn on the charts. 2. The bottom of the range (The support zone or the lows of the range) @ 107.000 JPY There are 68 pips (minimum) to be made in this trade (if this pair follows the trade-plan) with a minimum reward – risk ratio of 2 if we play our cards right. For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post . Also, please do comment in the comment sections below . And I will love it if you follow me . Thank You! Disclaimer - All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action, you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
Short
by Satx98
A probable SHORT on DOLLAR-YENPlease read the entire blog post to have a better understanding of what's going on in the USDJPY chart. As I have mentioned earlier in a few of my previous posts(ideas) , that the pair of FX:USDJPY shouldn't break the significant low that's made on 24th Sep 2019 if we want to stay long in the pair. But, what did the USDJPY do? (The charts above show the zoomed-out 4-Hour charts) - It took resistance from both the horizontal resistance (the red-broken line) and the trendline (the blue-broken line). - The price then moved very fast with some big BEAR candles/bars . - And then the price broke the significant low (106.960 JPY). The above three are all the points that I suggested (in my earlier posts) we should keep ourselves away from if we wanted to stay bullish in this pair. *TREND ANALYSIS* - So, the trend in this market is not BULLISH . Its either range-bound or down-trend. We can say that the trend for this market is SIDEWAYS-to-DOWN for two following obvious reasons - 1st - The market broke above the prior significant-high (which proved that the market was no longer in a downtrend and that the market switched to a range-bound trend) and then the price wasn't able to give a new higher high after taking support from that significant-high ("RESISTANCE becoming SUPPORT" and thus forming a significant-low). So, we can't say that the price switched to an up-trend there. 2nd - The price then broke the significant-low which made the pair a bit BEARISH again. The above chart shows the Daily-picture of this chart and what we might expect from it. We should keep in mind that the Decsending-Triangle is not proven unless the Horizontal Support-line is broken . The above chart is just food for thoughts. *SUPPORT AND RESISTANCE ANALYSIS* - The price, right now, is at the MA resistance-zone . The above chart shows some other resistance and support trend-lines and horizontal-levels that we should look out for. *CANDLE ANALYSIS* - In the last DOWN-move, the price moved down with pretty big bear bars. In that context, the bull bars that formed in the recent UP-move was not that impressive. So we can expect the market to resume the DOWN-move again . Also, there is that steep slope in the recent UP-move which could suggest that the price is now at an OVERBOUGHT condition . What more I need to be looking for in the candles before I take the short trade? ---------> **Very Important** ------> Conservative Approach The price is making some strong BEAR bars (bars with closes near lows) and some BULL rejection bars (bars with big higher shadows). The above chart shows the pictorial representation of the conservative approach For Aggressive Traders - You can take the trade right now because it's already at a price level where one can decide to short the market. I don't know whether the Conservative approach is correct or the aggressive one. Sometimes the aggressive one is correct, sometimes the conservative approach is the one we should go with, and sometimes both the approaches are proven correct by the market. Both approaches have their pros and cons. I have picked the conservative approach. You should pick your own. (Because Stops are dependent on them and putting stops at the right levels is an important part of this game) *RED FLAGS* - If the price doesn't go down even after the formation of strong bear-bars and starts to take support from the support-zone (represented by green broken-lines on the charts) then we have to look to exit our short trades. We should keep this at the back of our mind and not worry too much about it right now. The best way to "TRADE MANAGEMENT" would be taking trades with 2 lots with appropriate stops above the significant highs @ 108.470 JPY or appropriate ATR stops above the current highs @ 107.600 JPY and targets at- 1. The next Support zone @ 106.000 JPY to 105.500 JPY 2. The 2nd lot to be squared off at the next Resistance levels or it will be left with trailing stops at appropriate levels . This trade can have a reward – risk ratio of 3 or more if we play our cards right. For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post . Also, please do comment in the comment sections below . And I will love it if you follow me . Thank You! Disclaimer - All the ideas posted on these posts are published in good faith and for general educational purposes only. Satx98 does not make any warranties about the completeness, reliability, and accuracy of this information. Any action, you take upon the ideas posted by me, is strictly at your own risk. I will not be liable for any losses and/or damages in connection with the use of my ideas.
Short
by Satx98