BUY ABOVE - 18780 SL - 18750 TARGETS - 18820,18870,18920 SELL BELOW - 18720 SL - 18750 TARGETS - 18640,18610,18580 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Price formed new resistance zone 1970 and previously broke our support zone, but it was a fake-out. It is very hard to find good opportunity to trade. However, I think there is a higher chance for the price to go down.
Weekly Analysis June 20 - June 23, 2023 During the previous week, NQ entered the zone of the daily Order Block (OB) and came close to testing the Mean threshold of that OB. It also entered the Monthly BB-. Therefore, this week, I anticipate a retracement to the 4-hour OB level between 15188.00 and 15094. For an ideal scenario, I would like to see a bounce from...
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Hello,Friends! We are targeting the 23.008 level area with our short trade on SILVER 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! We are now examining the GBP/NZD 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 2.052 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so EUR-NZD 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 1.741. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the NZD/USD 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 0.615. ✅LIKE AND COMMENT MY IDEAS✅
Litecoin Bullish Chart Analysis Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing. The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop...
Here is our detailed technical review for US30. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 34288.2. Considering the today's price action, probabilities will be high to see a movement to 33662.2. P.S Overbought describes a period of time where there has...
Take a look how USDCHF is testing a broken horizontal key level: The price formed a triangle pattern on 1H time frame, its trend line was broken this morning. I believe that the pair may retrace from the underlined structure. Goals: 0.8925 / 0.89077 ❤️Please, support my work with like, thank you!❤️
Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1954.33. 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 USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 141.677. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.343 level. P.S The term oversold...
Here is our detailed technical review for AUDNZD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.102. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.111 level. P.S We determine...
NZD/JPY Short • If price impulses down below our area of value and the lower ascending trend line of our recent running channel, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
BYBIT:BTCUSDT.P BTC is at such a crucial level holding that 200EMA on the daily if it decides to break that level, I think we find some more support for some long trades at the 24k mark (where my slight grey line is). BTC's support is so genuine in the way of finding the feel for them zones of support it gives you such opportunity to snipe trades on lower...
Hello,Traders! DXY will go up I think Because the index is Somewhat oversold and Has retested a horizontal Support of 102.1 so a local Bullish correction is likely Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!