Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2057 zone. Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2057 support and resistance area. Recent remarks by the Federal Reserve, particularly the denial of potential rate cuts in March by Fed Chair...
ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern. I bought the March 15 Puts at $0.75 cents expiring March 15th 2024. Good luck!
You may have learnt that a triangle pattern in an uptrend is bullish? Here's a good example of wait and see, where the price has broken to the downside. Looks bearish to me.
Bearish price targets are also sell targets for bulls. Bullish price targets are sell targets for bears. Basically, price targets are relative to your trade. If confused, please ask. Why are we talking about bears with WOLF? #1 answer Sharp Downtrends And support trends trading in a bearish direction. #2 answer Gaps to the topside. #3 answer RSI still...
Hello,Friends! GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H 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...
Hello,Friends! We are targeting the 158.850 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.340 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 72.58. ✅LIKE AND COMMENT MY IDEAS✅
Overall Analysis BINANCE:BTCUSDT The $43.5k-$44k has been a key level which Bitcoin has been rejecting from, and I shared this in our last video. It had several attempts at trying to break it until we fell to the downside. There are a few levels of support which we will be monitoring. I think one of the biggest support levels is going to be around the $41-42k....
Hello,Friends! Bearish trend on EUR/GBP, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.851. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! AUD/JPY is making a bullish rebound on the 10H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 97.132 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the SILVER 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 21.986. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are targeting the 90.142 level area with our short trade on NZD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Here I have USD/CHF on the 4 Hr Chart! After its failed attempt to break Higher at Point B, I believe we will be looking for price to Break Confirmation of the possible Correction Wave @ .86061 to continue Lower to possibly the .84950 - .84459 area! INVALIDATION is @ .86849
Here I have AUD/JPY on the 4 Hr Chart! Price has been outlining what looks to be a Rising Wedge since its First Touch of the Rising Resistance on Dec. 19th. The RSI has given a Bearish Signal along with working down underneath 50 which leads me to believe we will be seeing some Bearish Pressure. My bias on this pair is BEARISH with important news events on the...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.77400 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.77400 support and resistance area. Trade safe, Joe.
Hello,Friends! AUD/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.656 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! EUR/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. 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 1.081...