EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.827 level area with our short trade on EUR/NZD 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.
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Bearish Patterns
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD 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 1.472.
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AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62600 support and resistance area.
Trade safe, Joe.
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the GOLD 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 2,619.804.
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EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.834 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 EUR/GBP pair.
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USD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/CHF 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 0.878 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD SHORT FROM RESISTANCE
Hello, Friends!
AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. 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 0.613 area.
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USD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so USD-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 156.837.
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EURUSD Is Trading Under The Pressure Of A Strong Dollar!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03700 support and resistance area.
Trade safe, Joe.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89600 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89600 support and resistance area.
Trade safe, Joe.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56400 support and resistance area.
Trade safe, Joe.
$CHILLGUY How to Spot Euphoria LessonHere's a good lesson on spotting EUPHORIA.
I was over a friend's house who is a retail crypto trader on Thanksgiving.
He was telling that I had to buy $CHILLGUY because its the biggest meme ever.
I didn't even bother looking at the chart because of my past experience knowing how to gauge market sentiment,
but I replied, "you telling me this should be an instant sell signal for you".
From that day on, it was DOWN-ONLY 80% for the next 1.5 months 🤓
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the NG1! with the target of 3.012 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.
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NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/USD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.552 level.
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EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/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 1.022.
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EURGBP Potential DownsidesHey Traders, in tomorrow's trading session se are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
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GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.22000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.22000 support and resistance area.
Trade safe, Joe.