Hello,Friends! USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 145.881 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 USD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 170.431 level. ✅LIKE AND COMMENT MY IDEAS✅
Crude oil made only three waves up over the last few weeks, which indicates for an A-B-C correction within downtrend. It actually retraced into golden 61,8% Fibo. and 80.00 area from where market turned down and now pointing lower, possibly back to the 2023 lows if the channel is broken. So, energy can see more weakness as latest latest 4h structure looks bearish...
Last week was very profitable for us. Adviced to short the market around 2060 and Gold fell over 370pips. This week there are 2 scenerio's. We have a daily support trend wich can push gold back up. But also 2030 is very strong resistance now. In my opinion we need to find good sell positions, but be aware off the red line support zone. Bearish target 2005 and...
After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around...
My trade plan 2: I have sold USD against YEN around 148.535 and I will be trailing it to 142.765 (3rd Target) but i will be loading off some at Target 1 and target 2. My Stop loss is around 149.325. Disclaimer Trading is very risky so trade using your own research.
My Trade plan I have short EURAUD at 1.65739. I will trail it til 1.63565 (3rd Target) but will unload some at target 1 and 2. Stop loss is at 1.66235. Disclaimer I am just trying to keep my trades public and it’s only for education purpose and for my own record. Please do your own analysis before taking any trades because trading is very risky.
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 90.400 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.400 support and resistance area. Trade safe, Joe.
Bring it on , Charts are screaming for more downside. 2 key crosses ,5th and 12th of february . Prepare for 20k region. Gaps must be filled before btc enters the halving event.
Simple Dow Theory Bullish Trend Line Broken Trend Reversing to bearish Bearish Divergence Entry, SL and TP marked
Hey Traders, in tomorrow's trading session we are monitoring AUDJPY for a selling opportunity around 96.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 96.900 support and resistance area. Fundamentally we would like to consider the current pressure on stocks. The Australian dollar is...
In today's trading session, our focus is on AUDUSD, where we're eyeing a selling opportunity around the 0.65200 zone. Technically, AUDUSD has been in an uptrend, but there are indications of a potential breakout to the downside. If the price dips below the 0.65200 support level, we anticipate a retracement of the breakout towards lower levels. Adding a...
Hello,Friends! We are going short on the NQ1! with the target of 17229.00 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. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 40783 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/CAD is making a bullish rebound on the 4H 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 1.449 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD 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 2039.203 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Greeting Traders! In the upcoming week, our focus shifts to EURGBP for a potential selling opportunity around the 0.85500 zone. The pair has been navigating a downtrend and is currently undergoing a correction phase as it approaches the trend at the 0.85500 support and resistance area. Turning to the fundamental landscape, recent statements from the Bank of...
Greetings Traders, In today's trading session, we're closely watching NZDUSD for a potential selling opportunity around the 0.60850 zone. NZDUSD, previously in an uptrend, is now in a correction phase, nearing the retrace area at the 0.60850 resistance zone. Adding a fundamental layer to our analysis, recent positive USD data has influenced market sentiment. The...