Hello,Friends! AUD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.575 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! We are now examining the NQ1! 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 18052.50 level. ✅LIKE AND COMMENT MY IDEAS✅
EURUSD is starting to adjust after it reaches the upper limit of the price channel as we have set out before, continuing to keep the old view, I expect this pair of money to decrease more but the trend of increasing It will still be preserved as long as it moves in the current price channel.
Greetings, fellow traders! Yesterday, we witnessed a robust surge in gold prices, leaping from $2160 to near the $2200 mark—a swift $40 increase—propelled by a weakening USD and supportive market news favoring this esteemed metal. Currently, gold's price is pausing at $2179, following an upward trajectory. However, I anticipate a period of adjustment after this...
In light of the Triangle Breakout pattern, Litecoin has successfully reached its upside target. Simultaneously, LTCUSDT has broken above the resistance uptrend trendline, signaling a positive outlook for the long term. However, the current market conditions are presenting a highly intricate timing challenge for both buyers and sellers, with price exhibiting...
AVAXUSDT has recently encountered a formidable psychological barrier at $50, coinciding precisely with the 661.8% Fibonacci retracement level. This alignment presents an opportune profit-taking level for buyers, suggesting a potential shift in market sentiment. Traders could be inclined to initiate short positions on AVAX, possibly giving rise to an ABC corrective...
The crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward. Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's...
If you haven`t bought S prior to the previous earnings: Then analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.80. If these options prove to be profitable prior to the earnings...
Hello,Friends! Previous week’s green candle means that for us the USOIL 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 77.46. ✅LIKE AND COMMENT MY IDEAS✅
Possible ICI set up #EMC Price is bouncing off the top of a bullish M Channel. Last week was a nice pullback. Looking for price to continue bearish at a minimum to the middle of the M Channel area. M = monthly
NVDA and MSFT stood out as my top picks for 2023! On the chart, you'll find some of my past buy recommendations, such as this one before the earnings: In my view, the current retracement presents a favorable 'buy the dip' opportunity. Utilizing the Fibonacci retracement tool, I've identified a buy zone between the 0.618 level and 0.5, ranging from $785 to...
If you haven`t bought ORCL prior to the previous earnings: Then analyzing the options chain and the chart patterns of ORCL Oracle Corporation prior to the earnings report this week, I would consider purchasing the 110usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $4.60. If these options prove to be profitable prior to...
Hello,Friends! Previous week’s green candle means that for us the SPY 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 487.03. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the NZD/CHF with the target of 0.538 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! EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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...
Here is our detailed technical review for NZDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.541. Considering the today's price action, probabilities will be high to see a movement to 0.540. P.S Overbought describes a period of time where there has...
Hello, dear friends! Today, EURUSD maintains a positive trajectory within the ascending price channel. The uptrend finds support as the USD softens, influenced by the dovish tone set by Fed Chair Jerome Powell. Nevertheless, I'm anticipating selling EURUSD as it approaches the upper boundary of the rising channel. An expected retracement may test the supports...
Hey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.35400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35400 support and resistance area. Trade safe, Joe.