EURAUD Is Going Down! Short!
Take a look at our analysis for EURAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.764.
Considering the today's price action, probabilities will be high to see a movement to 1.738.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Short
BITCOIN BEARS ARE GAINING STRENGTH|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 116,755.21
Target Level: 105,443.33
Stop Loss: 124,254.10
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 146.564 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H 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 0.658 area.
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Tesla Breakout? For the majority of the calendar year TESLA has been in a range between $220 - $365 with a clear midpoint of $295.
From March to the beginning of May TESLA bounced between range low and the midpoint until finally breaking through into the upper half of the range where it has stayed ever since. However, there is a clear diagonal resistance level that is preventing higher highs.
So will TESLA breakout, or will it lose the midpoint? Structurally it is clear that the bulls have a set level they are happy to buy at (Midpoint) but the bears are getting more aggressive with their selling, hence the lower highs. This compression inevitably leads to an impulse move but the direction is not so clear.
Bullish scenario: A clean breakout with volume that makes a new higher high, signaling a shift in structure. A pullback and retest of the breakout would be an ideal opportunity to go long and aim for that range high before expecting resistance.
Bearish scenario: The lower highs keep printing until the midpoint is lost and price accepts below it, that would then signify to me the new trading range is between Range Low and Midpoint.
The fakeout scenario is a risk but with price so close to the midpoint already it follows the same invalidation criteria as the bullish scenario, the midpoint is vital to both sides.
GBPJPY: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell GBPJPY.
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GBPNZD: Short Trade with Entry/SL/TP
GBPNZD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPNZD
Entry - 2.2780
Stop - 2.2797
Take - 2.2747
Our Risk - 1%
Start protection of your profits from lower levels
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BTCUSD Short: A Corrective Decline is AnticipatedHello, traders! The price auction for BTCUSD has been clearly defined by a large ascending channel. This bullish structure has guided the price higher through a series of higher highs and higher lows, with the demand zone 2 at the 110000 level acting as a major foundational low. The initiative has remained firmly with the buyers throughout this trend.
Currently, the auction is at a critical inflection point, having reached the upper supply line of the ascending channel. This test of the highs comes after a sustained rally, and the market is now in a key area where selling pressure is expected to emerge. This price action could indicate a phase of trend exhaustion.
The primary scenario anticipates a short-term corrective move from these highs. The expectation is that after a potential final push higher, the price will be rejected from the channel's resistance. A confirmed reversal would signal a temporary shift in control to sellers. The take-profit for this corrective play is therefore set at the 113400 level, targeting the major horizontal demand zone. Manage your risk!
EURUSD Short: Rejection from Channel TopHello, traders! The price auction for EURUSD has been operating within a well-defined ascending channel. This bullish structure has been confirmed by multiple pivot points, with buyers defending the ascending demand line and sellers consistently emerging at the upper supply zone near the 1.1720 level. This has established a clear rotational pattern between the channel's boundaries.
Currently, the auction is at a critical inflection point, once again testing the upper boundary of this channel. The price has rallied to meet the ascending supply line, which forms a strong confluence of resistance with the horizontal 1.1720 - 1.1740 supply area. This is the same zone where previous rallies have failed, making it a key battleground.
The primary scenario anticipates a rejection from this resistance confluence, continuing the established pattern of rotation. The expectation is that sellers will defend the supply zone, initiate a new downward move, and break the current support level. The take-profit for this rotational play is therefore set at 1.1655 points, targeting a key intermediate liquidity area. Manage your risk!
Bitcoin will reach resistance line of channel and then dropHello traders, I want share with you my opinion about Bitcoin. The current market structure for Bitcoin is defined by a well-established upward channel that was formed after the price broke out of a prior triangle consolidation. This bullish pattern has been guiding the price action of BTC higher through a clear sequence of higher highs and higher lows between its dynamic support and resistance lines. The market has just completed another full upward rotation within this structure and is now positioned at a critical inflection point. Currently, the price is directly testing the upper boundary of the channel, which forms a powerful confluence of resistance with the horizontal 113500 - 114000 seller zone. This area has historically been a strong barrier where price has reversed on previous occasions. The primary working hypothesis is a short, rotational scenario, based on the expectation that sellers will once again defend this significant resistance confluence. A confirmed rejection from this seller zone would validate the integrity of the upward channel and likely initiate a new corrective swing to the downside, which would first need to break the current support level at 113500. Therefore, the TP is logically placed at 112400 points, a target that aligns perfectly with the ascending support line of the channel. Please share this idea with your friends and click Boost 🚀
CADJPY: Forecast & Trading Plan
The recent price action on the CADJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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GOLD: Bearish Continuation & Short Signal
GOLD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 3650.7
Stop Loss - 3658.4
Take Profit - 3635.5
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD: Short Trading Opportunity
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 3651.1
Sl - 3657.8
Tp - 3637.2
Our Risk - 1%
Start protection of your profits from lower levels
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USDJPY Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 147.89
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 147.36
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GOLD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 3,651.90.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 3,609.43 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDUSD Will Go Down From Resistance! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.596.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.586 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,653.83
Target Level: 3,613.89
Stop Loss: 3,680.27
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZD/USD BEARS ARE STRONG HERE|SHORT
NZD/USD SIGNAL
Trade Direction: short
Entry Level: 0.596
Target Level: 0.589
Stop Loss: 0.601
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are targeting the 1.334 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.
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EUR/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/USD is making a bullish rebound on the 12H 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 1.157 level.
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AUDCHF: Bearish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the downward direction.
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NZDCHF Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.4352
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.4735
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK