After price has been making a series of higher highs and higher lows, it finally managed to break structure to the downside. Now it has retraced to a supply zone which it could use to reverse and take out trendline liquidity formed at the bottom
50EMA broke down 200EMA (4H TF) RSI continues to move in the sellers zone. I expect that the asset price will continue to decline.
Quick little drop here to make back some lost profit. by iCantw84it
GBPNZD is making a crab pattern with a Bearish Divergence near a supply zone.
AUDCAD have been ranging for a while till the CPI news gave us momentum. I predict this to get to September's low at 0.85643, but before that happens, it is projected to retest our resistance zone before it sells.
Hey Traders, in today’s trading session we are monitoring GBPUSD for a selling opportunity around 1.22500 zone, GBPUSD 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.
Looking simply at trend and technical. While Gold continues to rally, I thought to just wait, but I do believe this is the true trend for Gold and AUD happens to be reacting sooner. Not a fortune teller so lets see what happens
50EMA broke down 200EMA (4H TF) RSI is moving in a bearish zone. I expect the decline to continue.
Hello,Traders! GOLD is going up just As I predicted but will Soon hit a horizontal Resistance of 1893$ And after that we will Be expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_USD is retesting a resistance level of 1.2332 From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.66300 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 1.66300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area. Trade safe, Joe.
✅EUR_JPY has been growing recently And the pair seems locally overbought So as the pair has approached a horizontal resistance of 158.600 Price fall is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-CHF broke the key Horizontal level of 0.542 Which is now a resistance So we are bearish biased Now and I think that A move down is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
A bearish Crab Harmonic pattern can be seen coupled with a bearish divergence.
Hello,Friends! SILVER is making a bullish rebound on the 9H 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 21.307 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.222 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! Previous week’s green candle means that for us the USD/JPY 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 148.371. ✅LIKE AND COMMENT MY IDEAS✅