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 1H 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 0.531...
Hello,Friends! AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.569 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Brace yourselves! The chart is a crystal clear warning siren for an impending crash in the Bitcoin market. What we're seeing here is the textbook setup of a Wyckoff distribution phase, a manipulative masterpiece played out by the smart money to trap unsuspecting retail investors before the rug is pulled. Phase A was just the smart money dipping their toes,...
GU was a bit rotational this week but we still managed to obtain so solid moves. Not bad for a Friday today. Will continue to monitor price for quality set ups next week. Being that we are coming into Mid Jan it looks like the market is ready to shift back to normal.
In the weekly timeframe, Bitcoin has grabbed minor Indusment liquidity and confirmed it in the lower time frames. Therefore, we expect it to fall to the 38000-22000 and 12000 first and then continue its upward path again. This is my personal analysis and it is not a financial advice.
Hello,Friends! We are now examining the GBP/AUD 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 1.891 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on GBP/CHF, 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 1.067. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.033 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✅
The journey of Graph (GRT) has been marked by a strategic escape from a bear trap and a subsequent ascent into a bullish parallel channel. Let's delve into the dynamics that unfolded, highlighting GRT's resilience in the face of adversity. Key Events: Bear Trap at $0.08: GRT found itself in a range-bound scenario, with a crucial support level at $0.08. A sudden...
Hello TradingView Family / Fellow Traders, 📈 USDCHF been overall bearish , trading inside the falling blue channel and it is currently approaching the upper blue trendline. Moreover, the zone 0.86 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups, as it marks the intersection of...
As you can see price has not broken out of this range on DXY. We have taken out equal highs, which means I am favoring lower prices if we can see a strong close below sell side. Otherwise if price does not break below I anticipate it staying in this range until next week. Trade safe traders!!
Now that we have a break of last weeks high I feel that GU is ready to change direction in the trend and flip to bearish. As we finish out Asian range I'm looking for signs that it wants to flip.
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
In tomorrow's trading session, the spotlight is on XAUUSD as we consider a selling opportunity around the 2043 zone. To form a nuanced view, it's imperative to juxtapose the recent Consumer Price Index (CPI) data with preceding figures. The CPI figures from today—3.4% actual, 3.2% forecast, and 3.1% previous—demonstrate a slight uptick, indicating inflationary...
Gold still under selling pressure atm. Follows a bearish channel wich keeps making lower highs and lower lows. 2017 is a support level wich is important for gold. If gold wants to move any lower it need to break 2017 level in order to fall to 2006 and 1991 support levels. Best thing we can do is keep selling the market. But if gold manage to break above 2050 then...
Hey Traders, in today's trading session, our focus centers on GBPUSD, specifically eyeing a selling opportunity around the 1.27250 zone. The pair, having broken out of its recent uptrend, now resides in a correction phase, drawing nearer to the retrace area at the crucial 1.27250 support and resistance zone. Adding depth to our analysis, the recent release of the...
Hello,Friends! We are targeting the 71.33 level area with our short trade on USOIL 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✅
Hello,Friends! GBP/USD 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 1.243 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...