Hey traders, In the course of today's trading session, our analytical focus is honed on USOIL, with a keen eye toward identifying a strategic selling opportunity within the proximity of the 74 zone. The intricate dynamics of the USOIL market reveal an ongoing downtrend, signaling a potential bearish trajectory. Presently, the market is situated in a correction...
Hello,Friends! NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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! Previous week’s green candle means that for us the EUR/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 1.755. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34600 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.34600 support and resistance area. Trade safe, Joe.
Fourth Day: Price has had a nice bounce from near the FVG zone (at $40K), where so far we have had a nice 6% market price movement! This being said, we are getting closer and closer to our major target of $44,500, which should determine the next major movement. As you all remember, we are waiting for more bearish scenarios to occur near this zone, but let's see...
As LTC is trading inside the ascending channel, the price is moving slowly towards the lower line of this channel. From here we have two possible scenarios to play out: Plan A: Upon reaching that trend line price will find a nice foundation and will have bounce to upper trend line! Plan B: Price reaches the lower trend line and has a nice breakdown with a...
The USD/JPY currency pair has seen significant movements recently, with several factors influencing its expected performance next week: Current Position and Recent Movements: As of December 14, 2023, USD/JPY stood at 141.986, indicating a decrease of 2.28%. The currency hit a high of 145.995 and a low of 141.832 during this period. Over a broader 52-week range,...
Bitcoin is making its final move to the upside, possibly reaching 48k, but it's a gamble. The altcoin market is experiencing its last pump, aiming to drive the Fear and Greed Index into the 80s. BTC has been on the rise for 90 days now, typically signaling that the top is approaching. Bitcoin tends to follow a 60-90 day pattern; it doesn't have to be precisely 60...
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 146 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 146 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 166.650 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 166.650 support and resistance area. Trade safe, Joe.
Hello,Friends! AUD/USD is trending down which is clear 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! We are going short on the GBP/USD with the target of 1.239 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✅
An analysis of Bitcoin (BTC) indicates a bearish structure, rejection, and the potential for a strong bearish sign, offering insights for market participants. Key Insights: Bearish Structure: Bitcoin has formed a bearish structure, marked by lower lows on the 4-hour time frame. Rejection from Major Support Zone: The price experienced a rejection from the Major...
Hello,Friends! EUR/CAD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.460 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on EUR/USD right now from the resistance line above with the target of 1.072 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✅
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 2H 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 144.303...
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 1.352 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
From my viewpoint, the GBP/JPY pair has recently exhibited a notable bearish trend, reaching an eight-week low which suggests additional caution in the short term. Monitoring key support levels like the 185.63 area and the psychological level of 185.00 is crucial for planning trading strategies. I am watching for a potential technical shift towards a more...