Hello,Friends! We are going short on the GBP/CAD with the target of 1.697 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! GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 2008.483 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
4Hr head and shoulders on APPL. Could see a pretty substantial breakdown Once this right shoulder completes formation. Possible $10 point gap down.
Looking at NVDA on the hourly. It seems to be flirting with the lower trend line of the ascending channel. Could see a 15 to 30 point pullback here in a few, if it decides to break down out of this channel.
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97.300 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97.30 support and resistance area. Trade safe, Joe.
Last weeks high: $43871.39 Last weeks low: $42838.73 Midpoint: $41806.06 Last week we saw the first month of 2024 come to a close as well as FOMC , this in my opinion contributed to the chop throughout the week with no clear direction in terms of trend. BlackRock continued to buy up BITCOIN and now hold ~ SEED_TVCODER77_ETHBTCDATA:3B worth of the asset....
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65000 support and resistance area. Trade safe, Joe.
$BINANCE: (4H CHART) Technical Analysis Update SOLUSDT is currently trading at $95.5 and showing overall bearish sentiment With the recently news about SOL being down for few hours added more bearish sentiment to it. We can expect the trend reversal so the SOL to continue and reach the next support line around $80 We can enter the trade when the support line is...
Here is one of the reasons why I expect the dump. Since this “bull” market started, there have been two trends in volume, and both are downtrends. Which creates a massive divergence with the price. The only volume candle that broke both trends with almost double the volume of the yearly trend at that moment - was bearish. Rejection from reaching 50k. Less and less...
Hello,Friends! NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 0.527...
Hello,Friends! GBP/CHF is making a bullish rebound on the 5H 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 1.094 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the USD/CAD 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 1.342 level. ✅LIKE AND COMMENT MY IDEAS✅
Today structure looks bearish to me, we didnt got the higher high, we have some liqudity under 42k i think we might get today big red candles Today i wont be abble to update my ideas till US market open
In today's trading session, we are eyeing a selling opportunity on EURUSD around the 1.08600 zone, as the pair continues to trend downward and is presently in a correction phase approaching the 1.08600 support and resistance area. Adding a fundamental layer to our analysis, Chair Powell's recent stance regarding a potential rate cut in March is a significant...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88200 support and resistance area. The prevailing bearish sentiment in the stock market is poised to exert downward pressure on AUDCAD,...
Tesla is not a stock to be traded as it is in downtrend on every single time frame. I have tried my best to explain Tesla. If you have doubts let me know. NOTE:AVOID TRADING TESLA
Hello,Friends! Bearish trend on GBP/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 185.349. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.645 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/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅