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EURCAD: Expecting Bearish Movement! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
EOG Resources Breaks Down from Double Top – Bearish Outlook1. Double Top Breakdown EOG Resources has recently broken down from a Double Top pattern . This signals a bearish reversal after failing to sustain at higher levels. 2. Volume Surge Confirmation The breakdown was supported by a volume surge on the 2nd last trading day . Increased selling pressure adds conviction to the bearish move. 3. 200D SMA Rejection The stock recently tested the 200-Day Simple Moving Average (SMA) and reversed from it . This indicates strong resistance at that level and aligns with the bearish bias. 4. Price Target Based on technical setup and momentum, the next downside target is projected at 114.5 . 5. Technical Confluence Breakdown from a Double Top formation. Strong volume surge confirming the selling pressure. Reversal from the critical 200D SMA resistance. All factors point toward continued downside momentum.
NYSE:EOGShort
by peace_lover
EURAUD: Bearish Continuation is Highly Probable! Here is Why: The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURAUD pair price action which suggests a high likelihood of a coming move down. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1