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✅
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✅
Looking for price to sell down during the upcoming week. There are several inverted hammers leading up to the end of the week with very long wicks. Price is also under the 200/50 EMA.
Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at ASX:PLS ... I believe this code is at a point of potential volatility. If price can hold below $4.02 ... Bearish potential may be unlocked. My key downside targets include: - $3.50 (Conservative) - $2.62 (Medium) - $1.90 (Aggressive) ...
Hi Traders ! On Friday 01 March, The USOIL Failed To Break The Strong Resistance Level. Currently, The Price Reached The Support Line. So, Let's Expect The Bearish Scenario: If The Market Breaks The Support Line and Closes Below That, We Will See a Bearish Move... TARGET: 76.55🎯
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...
According to the US Dollar Index, the US dollar (USD) had a rather disappointing week, falling -1.1% against a basket of six major currencies. On the month, the buck is also -1.4% lower and, assuming a continued negative trajectory this month, is on track to snap a two-month bullish phase. The FP Markets Research Team noted in numerous posts that the longer-term...
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.
Wouldn't it be a shame if the retail investors got quite a large correction to end the month negative after hitting record highs? I've been hearing again "this time's different" "What should I buy to get rich?" "What projects do you think are worth looking into?" We aren't even at halving yet. Come back down to reality. Wall Street retail is due for a nice shake out.
Hello,Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H 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! The BB upper band is nearby so GBP-CHF 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 1.108. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on SILVER, 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 23.199. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NATGAS pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 1.669 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.947 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/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad. I think there are two possibilities present in market (some will say that's always the case, right! But here me out here) I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out,...
US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% - 2.5%. At the same time, we can see USdollar Index - DXY also turning down due to a positive correlation with Yields, we just saw some divergence in...