EliteTradingSignals

EliteTradingSignals

Hello,Friends! We are targeting the 80.21 level area with our short trade on USOIL 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✅

EliteTradingSignals

Hello,Friends! We are now examining the CHF/JPY 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 167.914 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 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✅

EliteTradingSignals

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 0.537. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! We are going long on the GBP/CHF with the target of 1.145 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....

EliteTradingSignals Updated 

Hello,Friends! SILVER is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...

EliteTradingSignals Updated 

Hello,Friends! We are now examining the NZD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.608 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! We are going long on the USOIL with the target of 84.39 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 192.689 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area....

EliteTradingSignals

Hello,Friends! GOLD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2394.469 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! Previous week’s green candle means that for us the EUR/NZD 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 1.783. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! EUR/AUD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...

EliteTradingSignals Updated 

Hello,Friends! NQ1! pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 17886.00 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....

EliteTradingSignals Updated 

Hello,Friends! EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. 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...

EliteTradingSignals Updated 

Hello,Friends! We are targeting the 1.465 level area with our short trade on EUR/CAD 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✅

EliteTradingSignals Updated 

Hello,Friends! The BB upper band is nearby so CHF/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 168.378. ✅LIKE AND COMMENT MY IDEAS✅