Hello,Friends! We are going short on the NZD/JPY with the target of 89.587 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! GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2022.780 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Bearish trend on NZD/CHF, 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 0.528. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.635 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✅
We're standing at a critical juncture. The price is currently challenging a resistance zone; a decisive close above this level could catalyze a significant surge towards higher zones. This resistance area has been a battleground in recent times, and a secure breach could shift market sentiment to a further bullish stance. Conversely, failure to overcome this...
After the obvious head and shoulder pattern and the break off the bullish channel i adviced to keep shorting the market. Gold fell deep and we took some winning trades. 2030 is key level. If this level stays intact it will go up again. Gold eventually did reject. Atm i am focusing on the 2055 resistance level to go short again with targets such ass 2045 and...
Current economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️ On the 1W chart, Price has rejected the $4.8k key resistance level on the 1D chart, the price is overbought and the RSI is indicating a bearish...
Hello Traders ! On The Daily Time Frame, The NZDCAD Reached a Resistance Level (0.84250 - 0.83960). The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So, I Expect a Bearish Move 📉 ----------- TARGET: 0.83110🎯
Last weeks high: $43821.44 Last weeks low: $42563.55 Midpoint: $41305.65 HAPPY NEW YEAR TRADERS! A new year has arrived and with it another year of price action or BITCOIN. This year the general sentiment is as strong as it has ever been with ETF's & THE HALVING events in the first half of the year alone. Last weeks price action showed a consolidation just...
Maybe, let's see how H4 and D1 plays out I wouldn't wanna see an H4 close above 44.5k
Hello,Friends! GBP/JPY 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 great trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! NZD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.616 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 NZD/USD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the AUD/USD 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 0.665. ✅LIKE AND COMMENT MY IDEAS✅
Greetings Traders, In the current trading session, our focus is squarely on USDJPY, where we are actively evaluating a potential selling opportunity around the 143.300 zone. As USDJPY navigates a downtrend, the ongoing correction phase places it in proximity to the trend at the pivotal 143.300 support and resistance area. This analysis takes a deep dive into the...
Seems like kotak can go down from levels 1900/1930 till 1850. Trade at your own risk.
Here I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us...
As it turns out, we have reached a resistance level located within a 2-layer channel structure. It probably seems only fair to inflict some pain on the bulls who took positions long before the ETF arrived.
Hello,Friends! NZD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.621 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 NZD/USD pair. ✅LIKE AND COMMENT MY IDEAS✅