Aplapollo bearishtried to break resistance multiple times and failed. think we go lower to the support, fill those wicks and then make the next move. lets see where we get to.
Bearish Patterns
KTK Bank Bearish Set upLooks more like distribution rather than accumulation. Think we test 200 and if that doesn't hold its scary but we go test the weekly 200 ema wherever that might be post the breakdown.
NZDUSD Have Formed A Decent Down Trend Align With USD StrengthHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis
Description
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+ Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone.
+ Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade.
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VectorAlgo Trade Details
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Entry Price: 1.7419
Stop Loss: 1.1308
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Target 1: 2.0901
Target 2: 2.5828
Target 3: 3.1821
Target 4: 4.6493
Target 5: 6.4239
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
SHORT GOLD ON IT'S STRONG RESISTANCE.. RR is now 1 : 2.5Gold made several attempt to break the top resistance, but failed to do so.
I believe next impulse movement should be to the downside.
Aiming 2430-2440 for the first stop.. Will update again if it can go further, my main target initially is 2350-2360.
CHEERS!!
NZDUSD | Short Position15m Killzone :
Took entire buy-side lq and then gave 15m bearish confirmation
took short position after 1m bearish confirmation
USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 75.00 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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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY is making a bullish rebound on the 5H 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 182.665 level.
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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CHF 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 0.941.
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EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the EUR/JPY 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 157.470.
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Litecoin Can't Buy a Bucket!NYSE:LTC down 85% in the past 3 years and 136 days.
Been in this sideways range for the past 2 years 122 days.
Does anyone have faith in this thing anymore?
GBPUSD Is Approaching a Historical Resistance of 1.28000Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area.
Trade safe, Joe.
Ethereum (ETH) Faces Critical Resistance After Market DownturnMarket Sentiment:
Last week started with a sharp downturn across various markets, including cryptocurrencies, leading to some of the most negative sentiment for Ethereum in years.
Key Challenge:
Ethereum CRYPTOCAP:ETH has broken below the crucial support zone of $2,600-$2,900, which has now turned into a major technical resistance. Closing below this level could allow the bears to maintain their technical edge.
Signs of Optimism:
Despite the negative sentiment, last Monday's candlestick showed a strong retracement from the October 2023 lows. Ethereum briefly dipped below the downside target of $2,300-$2,400 but quickly rebounded, suggesting this area might have been a temporary bottom.
Looking Ahead:
For Ethereum to regain bullish momentum, it needs to reclaim and close above the $2,600-$2,900 resistance zone. Until then, the bears still hold a slight advantage, but the recent market reaction offers hope for a potential recovery.
Key Levels:
Resistance: $2,600 - $2,900
Support: $2,300 - $2,400
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #SupportAndResistance #Bearish #Bullish #Rebound #MarketSentiment
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GOLD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2,391.669.
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EUR/GBP SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/GBP 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 0.844 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 BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 0.641 area.
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NZD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the NZD/USD with the target of 0.592 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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Bitcoin Death-Cross on the Daily Looks BEARISHYuh-OH 😲
CRYPTOCAP:BTC Death-Cross playing out just as expected.
Bulls better pray we don't break below $55k 🤓
NG1! BEARS ARE STRONG HERE|SHORT
Hello, Friends!
NG1! is making a bullish rebound on the 9H 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 2.013 level.
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GBP/USD SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.265 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.
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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09150 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.09150 support and resistance area.
Trade safe, Joe.
Dollar Index: Vulnerable Support Ahead of CPI Inflation Data Ahead of this week’s CPI inflation print, the US Dollar Index has moderately bounced back from support at 102.78. Despite benefiting from additional channel support (taken from the low of 103.65) and the Relative Strength Index (RSI) recently shaking hands with oversold space (< 30.00), bullish resolve from the support has been uninspiring.
Lacklustre Rebound from Support
The lacklustre reply from support could be due to sentiment favouring bears; since topping at 106.13 in late June, sellers have dominated price action, pushing the unit through the 200-day Simple Moving Average (SMA) at 104.21.
Further Downside?
Should bulls change gears and extend the pullback from support, resistance at 104.02 calls for attention. This base also shares chart space with channel resistance (extended from the high of 106.13), and the 200-day SMA underlined above. Alternatively, in light of the feeble response from current support and sentiment favouring downside at this point, breaching current support could be on the table this week, with the pendulum swinging in favour of reaching support from 101.78 and 101.01.
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on USOIL, 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 74.17.
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