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Bearish Patterns

NZD/CHF BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! Previous week’s green candle means that for us the NZD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.459. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
Thoughts on EURUSDGood morning everybody! Exactly as predicted, the AB=CD pattern completed. That was only the retracement and I would not expect the market to go up. The only way that the market can go up is if it bounces and consolidates again around the price but still, I wouldn't call to go bullish since the trend broke. Now it's looking to following a bearish trend. In 1 Minute, candlesticks there was a Head and shoulders that was already completed further confirming that the market wants to go bearish. After that, since there is no clear pattern to operate the way I like it, the only safe way to go bearish is to wait for the market to break the support, hit the support becoming it now as a resistance, candlestick pattern confirmation to enter and go bearish. Happy start of the week!
Short
by pinoso
NZD/USD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.587 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! GBP/NZD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.290 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CAD/CHF BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the CAD/CHF with the target of 0.572 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2
USDCHF – Follow the Trend!USDCHF is currently trading below a strong resistance / supply zone. This area has acted as resistance multiple times before… and now it’s being retested again. As long as price holds below this zone, the bias remains bearish and we will be looking for trend-following short setups. Clean structure. Clear level. Simple plan. Will sellers step in again? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
6
AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 113.818. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! GBP/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.839 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURNZD – Rejection Loading?EURNZD is retesting a strong confluence zone, the upper bound of the falling wedge aligning perfectly with the $2 round number. This is where sellers usually step in. As long as this intersection holds, the bias remains bearish and we will be looking for trend-following short setups. Confluence + structure = high-probability area. Will the bears defend this level again? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
9
Symmetrical Triangle Forms on GAThe Bulls and Bears struggle in OANDA:GBPAUD seems to be coming to a point with price forming a Symmetrical Triangle! Bears have been keeping price below a Falling Resistance with tests @ 1.8946 and 1.8916 and Bulls keeping price above a Rising Support with tests @ 1.88084 and 1.88449. Now this pattern can either be a Continuation of trend of a Reversal, which all depends on whether price breaks the Falling Resistance or Rising Support! Once a valid breakout occurs with a successful retest, this will generate opportunities to take price to either the overhead Resistance or underlying Support levels marked on the chart!
by Novi_Fibonacci