Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.85 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 USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on USD/CAD, 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 1.365. ✅LIKE AND COMMENT MY IDEAS✅
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.
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.
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.
Hello,Friends! The BB upper band is nearby so US30 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 33605. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the AUD/CHF with the target of 0.585 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✅
My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend. I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of...
Attention Traders, Today's focus is on NZDUSD, where we're observing a potential selling opportunity around the 0.60400 zone. After trading in an uptrend, NZDUSD recently experienced a breakout and is now undergoing a correction phase, edging towards the retrace area near the 0.60400 support and resistance zone. Expanding on our analysis, let's consider the...
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 191.250 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.250 support and resistance zone. Trade safe, Joe.
Dear Traders, As we prepare for tomorrow's trading session, our focus is on GBPUSD, where we're eyeing a potential selling opportunity around the 1.24800 zone. GBPUSD remains entrenched in a downtrend, presently undergoing a correction phase as it approaches the critical support and resistance area at 1.24800. Adding depth to our analysis, let's delve into the...
CRYPTOCAP:BTC following so far. As it is just the beginning of the potential path, proceed with caution once it breaks $57k as FWB:42K would be the next stop after that. Day by Day everyone.
🔮 Trend Indicators The chart shows a downward trend with lower highs, suggesting a bearish sentiment. 📐 Support & Resistance Clear resistance levels formed, indicating difficulty in price rising past certain points. A support level seems to be tested; a break below could signal further declines. 📊 Volume Analysis Spikes in volume accompany price drops, possibly...
Dear Traders, As we gear up for the week ahead, our attention zeroes in on EURUSD, where we anticipate a selling opportunity to manifest around the 1.06600 zone. EURUSD continues its downward trajectory, presently navigating a correction phase as it approaches the pivotal support and resistance area at 1.06600. Delving into the fundamental underpinnings, recent...
Traders, In today's trading session, our attention is drawn to US30, where we're closely watching for a potential selling opportunity around the 38800 zone. US30 is currently navigating a downtrend, with a correction phase underway as it nears the critical support and resistance area at 38800. Adding depth to our analysis, it's crucial to consider the broader...
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
Hello,Friends! USD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 5H 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 152.223...
Hello,Friends! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 166.264...