Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 83.06. The above observations make me that the market will inevitably achieve 80.08 level. P.S Overbought describes a period of time where there has been a...
a deep fall possibility be careful for your long positions ( many thanks to Ms.Amiri <3 )
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07950 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07950 support and resistance area. Trade safe, Joe.
On the 1H, Bearish fvg filled, short idea to swing low liquidity as tp
Hello,Friends! BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H 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...
Here is our detailed technical review for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.355. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.346...
Hey Traders, in tomorrow's trading session we are monitoring XAUUSD for a selling opportunity around 2,240 zone, Gold is trading in an ascending channel and now pullbacks seem to be extending and approaching the channel resistance. We will be watching closely the price action at market open tomorrow, in case of a confirmation a decent target would be the channel...
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 resistance area. Trade safe, Joe.
Take a look at our analysis for GBPJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 190.950. The above observations make me that the market will inevitably achieve 189.762 level. P.S The term oversold refers to a condition where an asset has...
Hi folks today I'm prepared for you Gold analytics. A few time ago price declined to the support zone, which coincided with support 2, and at once rebounded from it, but soon backed up and even later declined to lower this zone. After this, the price soon backed up to this support zone and some time traded inside, after which in a short time XAU broke support 2...
Hello,Friends! We are now examining the USD/JPY 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 149.308 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.778. ✅LIKE AND COMMENT MY IDEAS✅
Please see chart box for trade details. If you do not know how to read this chart feel free to message me and I will be happy to explain.
Lets play a game... how many daily candles will close below this daily level? Leave a comment below! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial...
Looking for a bounce on support on 4 hour seen in shibunacci indicator, 0.03396 #short scalp, buy the dip #NFA
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.920 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 EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are targeting the 1.257 level area with our short trade on GBP/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✅
Hello,Friends! Previous week’s green candle means that for us the AUD/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 96.612. ✅LIKE AND COMMENT MY IDEAS✅