Hello,Friends! Previous week’s green candle means that for us the AUD/CHF 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 0.581. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the GBP/CHF with the target of 1.133 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✅
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61000 support and resistance zone. Trade safe, Joe.
Bearish Divergence with CCI (Commodity Channel Index) A bearish divergence occurs when the price is making higher highs (indicating bullish sentiment), but the CCI, which measures the variation of a security's price from its statistical mean, is making lower highs. This discrepancy can signal weakening momentum in the upward price movement, suggesting a potential...
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 162.370 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 EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so GBP-JPY 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 190.845. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GOLD 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 2211.374 level. ✅LIKE AND COMMENT MY IDEAS✅
Its been a good pull back from the lows EURO made, but dollar is not yet done, we will see one more drop to the downside. Sell at 1.0858 target lows of 1.0788. Bears are about to attack stay safe. Use proper risk management.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been hovering with a range between $3000 and $3500. 📉 After breaking below the last major low at $3500, ETH has been bearish from a short-term perspective trading within the falling red channel. Moreover, the $3000 - $3100 is a strong support zone. 🏹 Thus, the...
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 1.342. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the USD/CHF with the target of 0.895 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! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46900 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46900 support and resistance area. Trade safe, Joe.
Price does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
Hello,Friends! EUR/CAD 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 1.455...
Hello,Friends! NZD/USD is making a bullish rebound on the 1H 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 0.595 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on NQ1!, 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 17699.50. ✅LIKE AND COMMENT MY IDEAS✅