Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.62 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 USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
BTC as well as ETH have finally lost momentum after huge rally in light of the US SPOT ETF approval. target could be 2800, 2700, 2650, 2400
Hi Everyone, It's been a while - I'm sharing with you my analysis on Gold and what I expect to see taking shape this week. As you can see, I'm bearish on Gold. I expect price to continue the current upward move to take liquidity above the marked area - however, as we approach 2035-2040 area, price will be facing a strong selling level , where bears could take...
***THIS IS NOT FINANCIAL ADVICE*** Bullish Divergence on VXX and appears to be bottoming out, couple this with the BEARISH divergence on SPY daily chart (since December 13th-14th 2023) and FED's BTFP ending March 11th, Im willing to take the risk and see where this goes. Will post an update come mid march.
Hello,Friends! USD/JPY 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...
After the pullback from previous lows, price has come to a significant level of supply. I am shorting form here 0.6565 targeting lows of 0.6464, Use proper risk management
Hello,Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 21.843 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Previous week’s green candle means that for us the CAD/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 0.644. ✅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 2011.203 level. ✅LIKE AND COMMENT MY IDEAS✅
Gold managed to break the bearish trendline resistance. I have adviced members to buy the market on retest confirmation. Bullish targets are 2024, 2030 and posible 2040(depends) In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000 Resistance:...
Hi Traders ! The BTC Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario📉 If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 48760.00🎯
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD 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 0.83800 support and resistance area. Trade safe, Joe.
In this chart we have spot a bearish divergence at 1H & 4H time frame. and we also seen that it creates a HH & then start making LH & LL. with the help of Fib Retracement we also seen 0.382 value
In this chart I spot a Bearish Divergence in which RSI momentum going down and price go up. it will be a sign of last bullish High and will go down and trend moves towards Distribution phase and then down trend/bearish. In this zone we avoid trade until we spot a clear indication of trend SO DONOT TRADE
Hello,Friends! CHF/JPY is trending down which is clear 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 187.791 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! GBP/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.097 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 GBP/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
#ONT/USDT Analysis Description --------------------------------------------------------------- + ONT is currently on the bullish trend and just hit the resistance line around 0.2631 range + I personally don't think this is a major resistance and we can expect the price to break this resistance and continue the bullish trend + Lets get a clear confirmation for...