AMD had a nice pump this week and not it's in a little bit of trouble. There is a confluence stopping it's bullish price action. Two major resistance levels merge and AMD looks like it will need to retrace back to the support below before another attempt at moving higher. If price stays where is it by Monday open, I will enter a short position with my stop above...
Hey Traders, in this week we are monitoring XAUUSD for a selling opportunity around 1897 zone, Gold 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 1897 support and resistance zone. Trade safe, Joe.
Hello,Friends! It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 26783 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! Bearish trend on NZD/USD, 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 0.594. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GBP-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.212 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/USD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 1.043 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! US30 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 33332...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.44100 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline. Moreover, the zone 164.5 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as...
Hey traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.65850 zone, EURAUD 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 1.61850 support and resistance zone. Trade safe, Joe.
It looks bearish and broke down. It can retest it covid lows. It has high debt and net revenue loss. With high interest rates, a good portion of its revenues will go towards interest payments.
At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where...
Hello,Friends! Previous week’s green candle means that for us the VIX 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 11.48. ✅LIKE AND COMMENT MY IDEAS✅
$xau had massive buy in this zone in 2022 that couldn't break the 2020 high, fail here and its back t 1500-1700$ range high, VAH, monthly OB/level, supply zone, mid channel - careful
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc. German industrial orders came in lower than forecast in the latest monthly...
Hello,Friends! NZD/USD 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...
Hello,Friends! We are targeting the 1.050 level area with our short trade on EUR/USD 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✅
Hey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.91500 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91500 support and resistance area. Trade safe, Joe.