Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 150.100 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 150.100 support and resistance area. Trade safe, Joe.
Hello,Friends! NZD/USD is making a bullish rebound on the 6H 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 0.601 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on GBP/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 1.247. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.365 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! 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 1963.756 level. ✅LIKE AND COMMENT MY IDEAS✅
Every wonder why Bitcoins price seems to always go up over the long run? In this Video we examine the mechanism that continuously drives the price higher and higher from cycle to cycle. There are 2 parts to this pumping mechanism, part 1 before the halving and part 2 after the halving. Let's take a closer look!
We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone...
After a good and strong upward move Bitcoin seems to be in need of some breathing time which is very healthy btw in order to have a strong continuation. On this post I just wanted to pin point that our Stoch showing an overbought zone in addition to the bearish breakout of an ascending triangle on the 2H chart. The repeated rejection of Bitcoin's trail to break...
!st person with this analysis... i like being ahead of the game... shorts incoming back to 430s... inverse h/s possible... Now until end of Dec goes short... Jan-Feb rally possibly to the ATH then i want to believe it gets ugly from there but we will have to wait and see what happens next. I'll link this to the inverse h/s zoomed in.
Silver's upward trend has broken in the 1-hour timeframe. We can wait for targets of 23,100 and 22,800.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37900 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37900 support and resistance area. Trade safe, Joe.
✅GOLD went up sharply But has now reached a horizontal Resistance level of 2009$ from where I will be expecting a local Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-USD keeps growing And the pair is locally Overbought so I think That we will see a local Bearish correction after The pair hits the Horizontal resistance Level of 1.2584 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 0.652...
Hello,Friends! We are going short on the EUR/USD with the target of 1.088 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✅
#Solana seems to be exhausted and needed some timeout imo. The current support holding the H&S got to be broken to confirm the bearish move though.
Please, check our technical outlook for GBPUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.254. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.237 level soon. P.S Overbought describes a period of...