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Bearish Flag

GBPAUD - Bearish FlagSometimes it could be hard for a trader to differentiate whether the market is going to have a Double Bottom setup with RSI Divergence of a Bearish Flag formation. It all voice down to your filter and experience in the market. If you are uncertain of any trading setup, then leave the trade alone until you have further confirmation. While a small group of traders are aware of my thoughts on this bearish flag setup, I regretted not posting this trade, but if you believe me, then that doesn't matter. At this moment I'm waiting for a double bottom set up at 1.8790, which is also the level that coincides with the retest of the broken trendline on the 4-hourly chart for a buying opportunity. And to your comfort, it is still within the buy zone of the 4-hourly chart and the daily chart as a trend trading setup, although from the recent market movement, the bearish move is much stronger than the bullish candle and that is why you need to have a strong filter that you have manual backtest for at least 100 times per timeframe, per currency pair.
Long
by RaynLim
Axie Infinity AXSUSDT - Warning to all hodlers! Elliott Wave- On the chart we can spot an ending diagonal Elliott Wave. - The price is at the top of the channel, which acts now as a resistance. - Is it now good time to sell? Due to technical probably yes. - There is also a bearish divergence on the RSI indicator! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - Maybe it is a great time to sell this coin, take profits and buy something else.
by UnknownUnicorn2537518
6
ADAUSD Drop to 2.48 InboundWell we have a bear flag, the push failed. After two patterns failed, it is clear the market believes ADA needs consolidation. I expect ADA to go to 1.48-1.40 and consolidate. We will check the patterns again. 3.25 will come, it's just a matter of when. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
6
EURCHF on a bear flag 🦐EURCHF on the 4h chart is moving inside a bear flag below a structure. The price has tested the 0.382 Fibonacci level and according to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
20
XAUUSD, 4hr tf, bearish scenario Possible scenario for XAUUSD. Price going up inside this channel and the recent drops on Friday confirm a break below the support. It looks like XAUUSD making a bearish flag or possible rising wedge. If it plays out as bearish flag, the drop on XAUUSD gonna be massive. This upwards movement is a retest of broken trendline. We could see XAUUSD continue decline further. Sell XAUUSD 1815 Stop loss 1825 Take profit 1750 (6.5R) Use only 1-2% risk Good luck
FX:XAUUSDShort
by HayatoDragonFX
1
BNBUSDTBEARISH FLAG PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's sharp downtrend. When bulls enter the market, trading is contained briefly in an up-sloped range. Bears then break that range's lower resistance, and the exchange rate continues its downtrend. Let's break down the pattern formation! A sharp downwards price action is initiated from (1) till it finds the first resistance (2), creating the flag's pole. Price action reverses direction from the first resistance (2) and starts forming higher lows and higher highs in a narrow flag-like formation, till it finds the highest support in that formation at point (3) The pattern is completed when price action reverses direction from the highest support (3) and goes downwards till it breaks the flag's lower border at point (4) Entry: after breaking the flag's lower border at point (4) Take profit: identified by measuring the flag's pole height, which is the vertical distance between points (1) and (2), that measurement is then applied from the breakout rate (4) Stop loss: the flag's highest high (3)
Short
by Adam-Robinson
Bitcoin simple but powerful analysis with bullish bearish levelsBitcoin simple but powerful analysis with bullish bearish levels Dear friends, A different and very simple look at Bitcoin with the different bullish and bearish levels. Also posted so that you can follow it with the button in te screen to update the chart. This can be short but powerful. The simpler the better! Please note that my previous analyses are just still valid including the levels. This is just another simple view of Bitcoin, the other posts show the patterns etc. Above the green horizontal trend line there is a bullish scenario, below the orange trend line at 28805 a clear bear market with much lower levels. Above 35146 we have a higher high and below 32000 a lower low. We have the following bearish patterns (see it in my other posts) 1. 3X HS formaties 2 a larger bearflag 3. A series of lower highs and lower lows. 4 The red trendline connecting the lows which is extremely important was broken . 5. Once again declining volume with rising price Note how during the decline the volume went up and during the last rise the volume went down. When you see something like that it is normally just bearish. A rise without volume will collapse under the force of gravity. Also take into account sudden interventions of whales and large funds. That is the only thing that can disturb the TA on the smaller timeframes. It now strongly looks like we are going to test the low again and maybe even drop below it. However, it is far too early now to judge that. The market is dynamic and anything can change. Therefore, step by step. No long term predictions that will be of little or no use to you at this time. After all, you want to make a profit now. It's good to have the fundamentals in your mind but it is important that it immediately not affect your trading from charts. If so, you won't be able to go on trading because of the many contradictions. As an advice, do not risk more than max 2% of your capital on the whole of your trades. The Crypto market moves together so 4 positions of 0.5 % risk is already the max of 2%! Of course many will not keep these numbers but is is a fact that without this you have a much higher chance of getting a zero account. The power of compounding smaller profits is the key for your total capital. Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart. I wish you all good luck with trading guys! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Short
by PegasusTechCharts
18