Hello,Friends! We are going short on the AUD/CHF with the target of 0.570 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! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 169.492...
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.43 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Here is our detailed technical review for GOLD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1996.586. Considering the today's price action, probabilities will be high to see a movement to 1989.900. P.S The term oversold refers to a condition where an...
Take a look at our analysis for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.073. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
Hello,Friends! It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2019.080 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! GBP/NZD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends! Bearish trend on GBP/AUD, 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 1.917. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.265. The above observations make me that the market will inevitably achieve 1.255 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.077. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.072 level. P.S We...
I'm anticipating lower prices on GBPUSD. The CPI move yesterday confirmed this bias. I am now looking for continuation lower. I don't believe price will move too much higher to fill the inefficiency. There is a signature Gap on the 4h timeframe that I will be framing this short on. Possibly adding confluence with a Judas Swing coupled with the Classic Tuesday...
#XLM #XLMUSDT #Analysis #ShortSetup #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if...
#BTC #Bitcoin #Final #Update 'D' #Wyckoff #Distribution #Eddy Its My New Short Setup On BTCUSDT.P ;-) This is a new update of final (( BTC/USD )) Wyckoff update : check link : According to the warnings that were given and according to the analysis of the Tether chart that was sent, I expected the market to grow and also expected Bitcoin to touch the last...
Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart,...
Hello,Traders! GBP-JPY broke the key Horizontal level of 188.930 While trading in an uptrend So we are bullish biased Mid-term, however, the pair Is now retesting the rising Resistance line from where I think we are likely to see A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I posted on ORDI a little while back. It was a short from ~$74.00 down to $60.00. I missed the target by $1.50 because the coin was listed too recently and I had to guess the historic lows (starting point). This post is in response to the expected BTC dump, and will likely be more aggressive and thus more profitable if successful. Keep in mind that it's...
__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I discuss with you an important observation which I made on the daily bitcoin chart. As bitcoin is trading in a consolidation again just as seen before the...
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago declined to 1.0890 resistance level, which coincided with the resistance zone and at once rebounded up to the trend line. After this upward movement, the Euro turned around and in a short time declined to the resistance zone and started to trades...