The NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength. The...
Hello,Friends! BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 69225 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 BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46800 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46800 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.08800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08800 support and resistance area. Trade safe, Joe.
Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 191.112 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/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the GBP/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 1.141. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so GBP-CAD 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 1.709. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66450 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66450 support and resistance area. Trade safe, Joe.
Dear Traders, I'm closely monitoring the GBPUSD pair in today's trading session, and I wanted to share some insights with you. GBPUSD is currently in a downtrend, indicating a general downward movement in prices. However, it's important to note that within this trend, the pair is experiencing a correction phase. This correction phase seems to be leading GBPUSD...
Hello Traders ! On Tuesday 2 April, The USDCHF Reached The Resistance Level (0.90848 - 0.91126). The Price Formed a Head and Shoulders Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks The Neckline (0.89999 - 0.90161) and Closes Below That, We Will See a Bearish Move📉 TARGET: 0.88980🎯
looks like potential bearish move comng up ... if so we will consider exeuting a traing to downside for huge profits!
BINANCE:ALGOUSDT (1D CHART) Technical Analysis Update ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15 Entry level: $ 0.24 Stop Loss...
CAPITALCOM:US30 has broken the last Higher Low after forming bearish divergence on RSI indicating potential bearish move. Moreover, It has also broken bullish trendline by forming new Lower Low. We can look for sells between fib 50-75% levels.
Hello,Friends! We are now examining the SILVER 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 25.756 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the EUR/JPY with the target of 164.275 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! We are now examining the AUD/USD 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 0.654 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2263.314 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 82.69. ✅LIKE AND COMMENT MY IDEAS✅