I think the 1 hour chart on AUDCHF is looking like a possible downside if resistance holds at 0.57300. I'm looking for 2 x TP's shown on the chart, one is a 3.9:1 risk to reward, the other is a 6.5:1 risk to reward ratio. Let me know if you think this resistance will hold?
Hello,Friends! We are targeting the 96.496 level area with our short trade on AUD/JPY 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! CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 109.775...
Hello,Friends! Previous week’s green candle means that for us the CHF/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 168.960. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the EUR/CHF with the target of 0.935 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! The BB upper band is nearby so EUR-JPY 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 159.518. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for USDCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.875. 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...
Please, check our technical outlook for GBPJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 188.120. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 187.741...
Take a look at our analysis for NZDCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.827. 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...
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 103.815. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.273...
For tooday i expect high volatile maybe we could expect correction, I think we could get some red candles soon, momentum of bulls is lower than before, and correction is needed to take out some longs I am shorting here.
Looking for short till 25k SL is adjustable will widen if the price action is correct If it breaks 50k without wicking down then hypothesis will change to bullish
✅EUR_USD is about to retest The horizontal resistance Of 1.0802 from where I think we will see A local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Take a look at our analysis for AUDUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.652. The above observations make me that the market will inevitably achieve 0.650 level. P.S The term oversold refers to a condition where an asset has traded...
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.85320 zone, EURGBP 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 0.85320 support and resistance area. Trade safe, Joe.
As i said yesterday price need to stabilise for a while , still shorting here is pointless though i expect a liqudity grab soon but then we should go again up to swap the daily higher high at 49k, We are still neutrall here but i think scalping short is good idea. If anything will change i will post comment here though i wont be available on computer much today.
✅NZD_CAD grew again to retest the resistance of 0.8286 But it is a strong key level So I think that there is a high chance We will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area. Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on...