Hello,Friends! We are going short on the EUR/JPY with the target of 157.518 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! GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.065 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello,Friends! Bearish trend on NZD/USD, 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 0.619. ✅LIKE AND COMMENT MY IDEAS✅
+ 1.) weekly structure bearish 2.) daily major trendline 3.) daily divergence 4.) no bullish momentum on daily tf 5.) daily fib. level (0.618) 6.) changed 4h orderflow bearish 7.) building 4h liq. - 1.) 4h divergence against us 2.) gbp news 15:15 BOE (in 2hours) overall a good solid trade but with news it can be tricky
Take a look at our analysis for NAS100USD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 16726.1. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 16644.9 level. P.S The term...
Here is our detailed technical review for EURAUD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.633. 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...
Please, check our technical outlook for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.038. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.023...
Don't have a lot of time to carry on about this one as it's about to happen and will move quickly, so use it, don't use it.. Short entry: $0.1442 TP: $1.30
✅AUD_JPY will be retesting a resistance level of 97.600 soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅ETHEREUM has retested a key resistance level of 2291$ And as the coin is already making a bearish pullback A move down to retest the demand level below at 2240$ is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅GBP_AUD has reached a supply level of 1.9050 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just on time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area. Trade safe, Joe.
Hello,Friends! We are now examining the US30 pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 33337 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on EUR/CAD right now from the resistance line above with the target of 1.458 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✅
In today's trading session, our attention is on GBPUSD, where we are observing a potential buying opportunity around the 1.26300 zone. GBPUSD is currently trading in an uptrend, and it is in the midst of a correction phase, gradually approaching the trendline at the pivotal 1.26300 support and resistance area. This technical setup indicates a possible opportunity...
Hello,Friends! USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.333 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 USD/CAD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, In today's trading session, our focus is on USDCHF, as we observe a potential selling opportunity around the 0.85800 zone. The currency pair is currently in a downtrend, and it is presently navigating a correction phase, edging closer to the trendline at the crucial 0.85800 resistance area. This technical setup suggests a strategic moment to consider...
Please, check our technical outlook for EURNZD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.755. Considering the today's price action, probabilities will be high to see a movement to 1.745. P.S Overbought describes a period of time where there has...