Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2172 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2172 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.65250 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65250 support and resistance area. Trade safe, Joe.
Abstract: 🐻 Bitcoin is poised to break from a 4-hour bear pennant pattern, signaling a potential move to the $59200 area. 📈 This analysis explores the implications of this breakout, which aligns with the Shibunacci indicator, offering additional confirmation. 🔄 Introduction: Bitcoin's imminent breakout from a 4-hour bear pennant suggests a shift in market...
Hello,Friends! It makes sense for us to go short on USOIL right now from the resistance line above with the target of 75.11 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! NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.533 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
You can check it on 4h, 1d and 1w... What you think...Long or Short?
Kraft Heinz Company (KHC): NASDAQ:KHC Analyzing The Kraft Heinz Company on the weekly chart, we've observed a notable price movement since its IPO in 2015. Initially, there was an uptrend until 2017, followed by a three-year downtrend culminating in the COVID-19 low at $19.99. Our current analysis suggests an impending upward movement. We anticipate Kraft...
Hello Traders ! On Friday 8 March, The EURUSD Reached a Resistance Level. The Price Formed a Bearish Double TOP Pattern. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 1.08080🎯
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2129.381 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Bearish trend on CAD/JPY, 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 110.959. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NZD/JPY 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...
Hello,Friends! The BB upper band is nearby so GBP/NZD 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 2.089. ✅LIKE AND COMMENT MY IDEAS✅
The price action momentum over the last month or so in the QQQ has begun to slow down. Price within the main black bull channel seems to have shifted into a more shallow (blue) bull channel, which is a sign of slowing momentum. This shift into the blue channel gives better chances that the bears could take control if the black channel is lost by the bulls. A...
Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H 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 79.48...
Hello,Friends! GBP/AUD is making a bullish rebound on the 4H 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 1.939 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are targeting the 1.716 level area with our short trade on GBP/CAD 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✅
GOLD has taken out stops above the 2200 zone, huge drop incoming. Entry at 2204 stops above 2215. Targets below 2150 and lower. Use proper risk management.
After FOMC I expect a correction on EURUSD from 1.0922 targets below 1.082 and stops above 1.0950. Use proper risk management.