Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61900 zone, NZDUSD 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 0.61900 support and resistance zone.
Trade safe, Joe.
Hello, Friends!
GOLD 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 of...
Hello, Friends!
GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H 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 1.310...
Hello, Friends!
We are targeting the 65.61 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends!
We are targeting the 140.702 level area with our short trade on USD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends!
Bearish trend on AUD/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 0.660.
✅LIKE AND COMMENT MY IDEAS✅
Here I have EUR/GBP on the Daily Chart!
Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag.
-The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break
Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue...
"Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
I predict will be heading back to the support level where market makers left sellers looking very sad.
(19415 area)
If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area.
They have to drop price and come...
Hello, Friends!
We are now examining the SILVER 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 28.979 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 1.095 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!
AUD/JPY is trending down which is evident 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
After yesterdays FED decision we saw price set an all time high and pull back down. In todays session we will be monitoring for a sell opportunity in GOLD. Our first entry is at current price 2588.70 second entry will be at 2606.228. Our stop loss will be above 2622.226 and Targets will be as low as 2528 level. Use proper risk management. Cheers
Hello, Friends!
NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.610 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello, Friends!
It makes sense for us to go short on EUR/GBP right now from the resistance line above with the target of 0.841 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✅
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67700 zone, AUDUSD is in a correction phase in which it is approaching the resistance line at the 0.67700 area. We would also like to consider the Dollar seasonality as September was a decent month for the Dollar through the history.
Trade safe, Joe.
