USDJPY - BEARISH MOVE Hi Traders !
After a huge bearish move,
The USDJPY broke the support level (150.261 - 151.227).
This key level becomes a new resistance level !
So, I expect a bearish move📉
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TARGET: 147.200🎯
Bearish Patterns
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 74.35 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.
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.480 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H 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 2,377.524 area.
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A potential decend trade on ADAUSD..Based on Elliot wave analysis, i saw ADAUSD has completed its wave 2, right at 61.8 fibo level, or it can be possibly find as wave B of its A-B-C correction. Either way, it's time to go up..
Take a look on the chart to see my 1st and 2nd target.
Good luck!
CHEERS!
GBPAUD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96250 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96250 support and resistance area.
Trade safe, Joe.
USDJPY Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 151.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 151.500 support and resistance area.
Trade safe, Joe.
Crude Oil Steps In A Corrective RecoveryCrude oil is strongly stabilizing after a completed five-wave drop from the highs, so it's making a higher degree A-B-C corrective recovery. Current impulse up into wave A can be coming to an end at temporary 79-80 resistance area, from where may see a corrective setback in wave B before we will see a bigger recovery for wave C up to 81 – 83 strong resistance zone.
GBPJPY - NEW BREAKOUT !Hello Traders !
On the daily time frame, The GBPJPY broke the support level (196.970 - 197.800)
This key level becomes a new resistance level !
So, I predict a bearish move 📉
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TARGET: 192.000🎯
EUR/GBP SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the EUR/GBP with the target of 0.837 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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AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the AUD/JPY with the target of 105.603 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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Careful! GU might just be Bearishwaiting for further proof on where price would like to go to next and it looks like the entire market is doing the same. The dollar does not have a clear sense of direction so i feel that any trade should be taken with caution for sure.
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GOLD is trending down which is clear 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 2,352.037.
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USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.373 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 USD/CAD pair.
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The "Wedge" Confirms the "Nod" - EUHere I have EUR/USD on the 4 Hr Chart!
The Head & Shoulders Reversal Pattern took all mid-July to form with Price finally Breaking the Low @ 1.08715 and giving us the New Lower Low @ 1.08256!
Price has been working back up to test the Break of Confirmation of Pattern but remains unable to break above, and with this Price Action, we begin to see a Bearish Wedge formation!!
This Wedge is a Continuation Pattern and is textbook confirmation to see the Head & Shoulders being true to the Reversal Behavior!
*As long as Bears remain solid at the 1.087 level, the Bearish Break to the Rising Support of the Wedge will be Confirmation of the Wedge Continuation Pattern itself, therefore strengthening the Bearish Bias on the Pair to CONTINUE!
-We see Price on the RSI is remaining BELOW the 50 reassuring Bearish Pressure
-BB Trend Printing strong Red Bars
-Fundamentals-
EUR - CPI's & GDP (Tue), CPI's (Wed), PMI's (Thur)
USD - Consumer Confidence & JOLTS (Tue), ADP Non-Farm/GDP/Pending Home Sales/Funds Rate (Wed) Unemployment Claims ISM Manu. PMI (Thur) Average Hourly Earnings, Non-Farm Employment, Unemployment Rate (Fri)
S&P 500 - BEARISH MOVEHi Traders !
The S&P 500 Index Failed to create a new higher high !
The support line is broken !
So, I Expect a bearish move📉
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TARGET: 5355.00🎯
My Tape Reading for XAUUSD 4H CandleMy Tape reading Gold - 24h expiry on 4H Candles
Posted a pin bar(inverted hammer) formation.
We look to Sell at 2390 (stop at 2396.5)
Our profit targets will be 2363.5 and 2357.5
Price Watch @North: 2406.0 / 2433.0 / 2438.0/2465/0/2473.0
Price Watch @South: 2363.0 / 2357.0 / 2327.0/2327.0
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NZD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
Bearish trend on NZD/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 0.586.
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GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,347.028 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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ETH Trade Ideas! Pick Your Poison.After a nice bounce from the GP, Trendline confluence, we are struggling to move higher. I would expect a move lower to test the untested POC and sweep the last low before moving higher.
If we lose the POC, the VAL & Daily would be my next target. #Ethereum
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EURCADIs EURCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.4900 followed 1.4800
What you guys think of it?
GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 1.130 area.
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GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.930 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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