Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price after started to trades in the channel, firstly reached the 1935 support level, which coincided with the buyer zone, and a short time later broke it. Then Gold rose to the resistance line of the channel and at once rebounded back to the 1935 level, after...
Hello,Friends! USD/CAD pair is in the downtrend because previous week’s candle is red, 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 1.324 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! We are going short on the NZD/JPY with the target of 89.587 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! GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2022.780 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! Bearish trend on NZD/CHF, 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 0.528. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.635 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✅
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 102.320. Taking into consideration the structure & trend analysis, I believe that the market will reach 100.600 level soon. P.S We determine oversold/overbought condition...
Take a look at our analysis for USDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.333. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.326 level. P.S The term...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2066.726. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2016.658 level. P.S Overbought...
LINK has caught our attention here with some nice potential entries in the upper zones. As price has successfully exited that breakdown attempt near 200 EMA, we are now seeing a nice strength forming here with a good potential to see price reach a smaller upper resistance (which would be good entry spots for sell position)
Our attention caught the SHIBA coin, which has amazing potential for some significant movement to happen soon! We pointed out most major zones here and potential scenarios to happen on this coin, and the rest is up to the coin to choose the direction. What would be your entry point? Swallow Team
After GBP/USD changed direction very violently, we can assume price will continue down to collect that lower liquidity. The idea is to enter off the demand zone seen here. If all fails, the next entry is 1.27752. Goodluck!
soo far that bounce looks like liqudity grab pretty much i was expecting it, soo i reentering my positions
Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A...
M15 and M30 are overbought with divergence, and I believe there is going to be a market crash, so JPY should strengthen. Stop loss is 50 pips with a target of 100 pips
So here we have price forming lower highs and respecting our MA's. I don't usually rely this much on my MA's but since price has repeatedly rejected on the 30 min TF during the London session, theres indication buyers don't have enough liquidity in the market, and with US news coming out shortly and giving the economic month we had in December last month, the...
Pattern recognition already worked a lot on that asset. so, as already mentioned on my BTC analysis I think we will see more lows According to this chart dump should start tomorrow, a Monday, its also on that day that XRP started to dump early November, and we could see 0.5 this week I can be totally wrong but I give it a try TP: O.5 any invalidation of this...
BTC went down as predicted , if we see that mine main target will be achieved today we could see that trend changed and on next days we will go for shorts because it will be red month. If the price will bounce with good momentum then we will just wait for better time.