Tracking this text book falling wedge on the VIX, which is about to enter demand. We could see this breakout if SPY decides to breakdown out of the Rising wedge its currently about to break.
Looking at this Rising wedge on SPY 1hr that has formed after breaking down out of the massive ascending channel it had been in. If NVDA breaks it's ascending channel, it may assist with this wedge breakdown on SPY. Looking for an 8 to 10 point gap down on the hourly. Stay tuned!
Hello,Friends!
GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 181.516 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H 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 going short on the EUR/JPY with the target of 157.518 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.
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Hello,Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.065 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends!
Bearish trend on NZD/USD, 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 0.619.
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1.) weekly structure bearish
2.) daily major trendline
3.) daily divergence
4.) no bullish momentum on daily tf
5.) daily fib. level (0.618)
6.) changed 4h orderflow bearish
7.) building 4h liq.
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1.) 4h divergence against us
2.) gbp news 15:15 BOE (in 2hours)
overall a good solid trade but with news it can be tricky
Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection...
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
Clear channel down NYSE:CL possible big money coming, ideal for some Puts!! Just wait until confirmation SMA8 crossing down SMA20 and let's get ready to rumble...!!!
A clear ascendign triangle pattern on NYSE:JEF that shows the stock going down the following days, SMA8 crossing down the SMA20 as a signal, ideal for a Call Credit Spread
Traders,
Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
I don't know about you, but with all of the hype for the Bitcoin ETF going on, I am staying pretty cautious in the markets right now. Even though there are some big movements going in other altcoins, most eyes are watching good ole BTC.
Nobody truly knows what is going to happen, there is a ton of speculation going on and the price action we are seeing is people...
Hello,Friends!
We are now examining the US30 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 33337 level.
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Hello,Friends!
It makes sense for us to go short on EUR/CAD right now from the resistance line above with the target of 1.458 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.
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In today's trading session, our attention is on GBPUSD, where we are observing a potential buying opportunity around the 1.26300 zone. GBPUSD is currently trading in an uptrend, and it is in the midst of a correction phase, gradually approaching the trendline at the pivotal 1.26300 support and resistance area. This technical setup indicates a possible opportunity...
Hello,Friends!
USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.333 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/CAD pair.
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