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...
Hello,Friends! GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 2023.962...
Hello,Friends! EUR/NZD is making a bullish rebound on the 2H 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 1.760 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on EUR/AUD right now from the resistance line above with the target of 1.640 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✅
Just as GBPCHF is similar to this, EURCHF is also expected to reach the 50Exponential moving average and is expected to short from there, also note the resistance zone that support this bearish move and the daily and weekly trend that also support this movement.
Gold made a big false break yesterday before New york open, it was a classic bull trap. With todays FOMC I expect price to drop to 2009 and ultimatly 2003. Use proper risk management. The day is expected to close Bearish. #REDDAYCLOSE
Seems to be repeating itself as do most stocks. Tried to simplify it as much as I could for those that can pick up what I'm putting down. Gaps seem to show strong resistance at the moment so I will wait for BA to make an attempt at the $210 gap above before entering 2/9 $210 and $200 puts for a confident swing to lows, take profit, and perhaps roll them after...
Just a quick idea on the state of BTC going into the halving. The countdown to the next big BITCOIN event has started, THE HALVING Historically this is the event that kicks off the BULLRUN every 4 years. Mining rewards go from 6.25BTC to 3.125BTC and this gives miners a dilemma, do they hold on to their BTC they earn and only sell to cover costs, this...
In today's trading session, our focus is on EURGBP, where we are eyeing a selling opportunity around the 0.85800 zone. Technically, EURGBP is trading in a downtrend and currently navigating a correction phase towards the 0.85800 support and resistance area. Now, delving into the fundamental layer, we are inclined towards a bearish stance on the Euro due to...
Hello,Friends! Previous week’s green candle means that for us the CHF/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 170.641. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on NZD/JPY right now from the resistance line above with the target of 89.803 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! NATGAS uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.242 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 NATGAS pair. ✅LIKE AND COMMENT MY IDEAS✅
In today's trading session, we are closely observing USDCHF for a potential selling opportunity around the 0.86500 zone. The latest release of the Personal Consumption Expenditures (PCE) data revealed an increase of 0.2%, slightly surpassing the previous 0.1% reading and meeting the forecast of 0.2%. However, when comparing this to the trend of recent months,...
Eur/usd has been folowing a bullish trend channel. Last week it managed to break the channel and retested the channel multiple times. Priceaction confirmes a bearish flag pattern. Wich gives us more reasson a posible fall will come. level 1.0828 is currently support for eur/usd. We can either see a direct fall from 1.0883 or a small bullish pullback to 1.09237...