Market Context Is the sell-off for BEERUSDT going to continue? With BTC looking shaky, this presents an intriguing opportunity to short new coins like BEERUSDT. Chart Analysis We recently nailed an amazing trade with a 3:1 RR on BEERUSDT. Now, it's time to double down and ride the next wave lower. Strategy BTC's weakness is our signal. BEERUSDT has some wicks to...
Market Context BEERUSDT took a significant hit yesterday, and it looks like the bearish momentum is far from over! Chart Analysis The daily timeframe is looking bearish after yesterday’s sharp drop. We're currently retesting some levels from yesterday, which sets the stage for another potential push downward. Strategy Given the bearish close and retest, I’m...
Analyzing the Deutsche Bank AG on the German Stock Exchance XETR, we observe a repeating pattern involving two trend channels. In both instances, the trend channels were respected and behaved as expected. In the first case, the price exited the trend channel and then retested it almost perfectly. In the second instance, the price overshot the trend channel...
🚀 ILVUSDT is presenting a fascinating setup! We just witnessed another false breakout on the 4H timeframe, backed by some solid volume. Daily Chart On the daily chart, we’re still in a downtrend. This suggests a potential move down before any significant upward shift. Weekly Chart The weekly chart shows a top wick followed by a bearish candle, signaling a likely...
Current Situation: A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average. Bearish Indicators: Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the...
The forecast for the OANDA:US30USD indicates a potential bearish trend. However, there may be a retest of resistance levels between 38445 and 38600 before the downtrend begins. The bearish movement is expected to target support levels at 37721 and 37499. Key Levels: Bullish Line: 38445, 38825, 39075, 39400 Pivot Line: 38000 Bearish Line: 37721, 37499, 37130, 36665
Based on historical trends and current market conditions, XAU/USD is likely to be bearish for day trading with a starting price of 2414.44. Traders should monitor real-time market dynamics and economic data releases for potential price movements throughout the upcoming week. Entry: 2414.44 SL: 2422.72 Target 1: 2370.95 target 2: 2332.10 #Xauusd...
GOLD FORECAST The current analysis indicates a bearish trend for gold, as long as it remains below the 2325 threshold. At present, the price seems primed for consolidation between 2327 and 2302 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2325, a decline to 2304 is likely. Although there might be temporary...
📈 Overview: CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift. 📊 Technical Analysis: Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum. 📉 Trade Strategy: Traders may consider a short position...
📉 Overview: GBPNZD is currently in a robust bearish trend, offering traders an immediate entry opportunity. Our analysis, grounded in DOW Theory, underscores the strength of the downward movement. 📊 Technical Analysis: DOW Theory principles highlight a consistent pattern of lower lows and lower highs, affirming the prevailing bearish trajectory. 📈 RSI...
USDCHF got again rejected at the top of the range! This idea is based on my previous Idea on USDCHF that we made profit but we scratched. Sell again at the top of the range. 5.88 R/R
This analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick...
AUDJPY is reversing. The pair set a lower high and lower low on a daily breaking a solid support. It looks to me as a classic bearish reversal pattern. I expect a bearish continuation at least to 89.6 target level. Please, support my work with like!
"AUDJPY is in a downtrend, retraced for 10 weeks into the weekly supply, and formed a 4-hour choch. Currently reacting at the Fibonacci 0.618 zone. Took the trade after a 15-minute confirmation. Let's see how it unfolds! #ForexTrading #AUDJPY #TechnicalAnalysis"
oh, yes today was a volatile day, while Powell gave his testimony, the market moved a bit up and down.. With the news yesterday, that the increases may continue, the market was in a panic since a few weeks ago It was assumed that there would be no increases. Surprise the Fed did it again. But currently the market must price in .50 and who knows if .75, what I...
USOIL Daily candles are showing buyers exhaustion while being at an exhaustion zone and maintaining bearish structure. I expect to see some sell pressure take place to continue overall trend.
US Index NAS100: Continuation of current bearish pressure. Structure is still maintained to continue selling price in this area.
GBP/JPY Price is showing an increase in sell pressure and has broken its previous bullish structure on higher timeframes and is now trending bearish currently.