Today, the price broke above the support line of the ascending wedge at $54.30. This is a normal occurrence, and if the trend is bearish, we should anticipate a contraction in the coming week. The creation of this structure occurred before a symmetrical triangle, so that wedge is likely to be invalidated. I believe we are in for an interesting week with upcoming...
This week's focus is on the potential for a minor retracement in the DXY (U.S. Dollar Index), highlighted by a noticeable bearish divergence when compared with the 10-year Treasury yield and the 10-year T-Note futures. This divergence is particularly significant as it suggests a weakening momentum in the dollar's recent uptrend. While both the 10-year Treasury...
Pound / Dollar Closes of previous yearly data proving weak for bulls, therefore I’m shorting into new lows, or I’m getting stop nuked :)
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance area. Trade safe, Joe.
Hello,Friends! CHF/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 169.798 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
SEI is a project that I have a lot of interest in this bullrun. It boasts the fasted blockchain in the industry and a focus on trading. A v2 upgrade is also on the way, SEI v2 will become the first parallelized EVM blockchain. Staking incentives too with possible airdrops on the network. SEI's price has increased 250% in the last month and the chart suggests a...
Hello,Friends! GOLD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 145.842 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! Previous week’s green candle means that for us the GBP/NZD 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 2.067. ✅LIKE AND COMMENT MY IDEAS✅
Riot Bullish I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Hut 8 Mining bullish long term, bearish medium term I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Hut 8 Mining bullish long term, bearish medium term I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Bearish on two potential scenarios. I am not a financial advisor. This is not meant to be, and does not constitute, financial, investment, trading, or any other types of advice or recommendation.
We don't have a complete breakout on the H4 Just yet but its coming. Price has moved very strong to the downside. we will be looking for further positions to continue.
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89000 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89000 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area. Trade safe, Joe.
USDJPY was in distribution phase after a bull run. Created a divergence on RSI and now created a head and shoulder for reversal. Broke the neckline of head and shoulder and is expected to go bearish. It was accumulated and then went for bull run and getting dropped after the distribution phase.
Hello,Friends! We are targeting the 21.949 level area with our short trade on SILVER 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✅