Possible ICI set up #EMC Price is bouncing off the top of a bullish M Channel. Last week was a nice pullback. Looking for price to continue bearish at a minimum to the middle of the M Channel area. M = monthly
Looking for price to sell down during the upcoming week. There are several inverted hammers leading up to the end of the week with very long wicks. Price is also under the 200/50 EMA.
Hello,Friends! Previous week’s green candle means that for us the SPY 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 487.03. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the NZD/CHF with the target of 0.538 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✅
Hello,Friends! EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 NZDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.541. Considering the today's price action, probabilities will be high to see a movement to 0.540. P.S Overbought describes a period of time where there has...
Hey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.35400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35400 support and resistance area. Trade safe, Joe.
#BTC #Bitcoin #Short #Long #Setups 7+8+9 #Eddy I have specified the direction of Bitcoin for you guys <3 My New Scalp Setups & Big Short Setup on Bitcoin, In Total 3 new positions of mine on Bitcoin ;-) Look at Final Setup Target :-O :-D (( Out of 6 signals sent, we experienced a stop "Risk-Free" & a stop "loss" & 4 signals received their profit <3 )) What's...
Hello,Traders! NZD-USD surged up on The news but the pair Is now clearly overbought So after the retest of the Horizontal resistance of 0.622 we will Be expecting a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H 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! The BB upper band is nearby so GBP-CHF 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 1.108. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on SILVER, 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 23.199. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! NATGAS pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.669 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.947 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/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad. I think there are two possibilities present in market (some will say that's always the case, right! But here me out here) I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out,...
We're spotlighting a SHORT opportunity for SUI/USDT. Trading Signal Entries: 1.854 USDT & 1.955 USDT (Market Orders) Stop Loss: 2.072 USDT to safeguard your trade Profit Targets Target 1: 1.762 USDT, adjust to breakeven Target 2: 1.671 USDT Target 3: 1.51 USDT Helpful Tips Save Money: Use limit orders instead of market orders for lower fees. ...
In this chart we have spotted Bearish flag with expectation it will go down. we take reasonable size entry & exit points. But thing is missing which is DIVERGENCE
In this chart we observe a Bullish trend and consecutive HH & HL and we take short entry at the point of HH and we exit near to HL. This is the application of Dow Theory. Hope it will work