GBP/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. 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 1.322 area.
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LONG
Dow Jones Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40750 zone, US30 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 40750 support and resistance area.
Trade safe, Joe.
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35300 support and resistance area.
Trade safe, Joe.
Short term bullish on BTCShort-Term View (Bullish Bias):
BTC is trading above a key support zone near 57,500, marked by the green zones and general upward movement, suggesting some accumulation and momentum in favor of buyers.
If the price continues to hold above the 57,000 level, we could see BTC retesting and possibly breaking the previous high at 58,121 (shown in the top right).
As the price is above the cloud and near-term moving averages, traders might look for buy opportunities on pullbacks towards 57,250 to 57,500.
Pullback Scenario:
In case of a pullback, BTC may revisit the support region near 56,750, which has been a zone of previous price action. Traders could look for long entries if price consolidates or bounces from this level, aiming for a re-entry into the previous high.
Risk to Watch:
A break below 56,750 could shift the momentum towards a bearish tone in the short term, making the next likely support around 56,000.
Stop-losses should be placed below key support levels, like 56,500 or even below 56,000, depending on the risk appetite.
General Movement Expected:
Upward Continuation: Given the bullish sentiment on the chart and the fact that BTC has held well above key support zones, a move towards 58,500 and beyond seems likely if buyers maintain control.
Range-bound Correction: Alternatively, if momentum falters, BTC might enter a consolidation phase between 57,000 and 58,000 before making the next decisive move.
Trading Idea (Educational Purpose):
Bullish: Traders could consider long positions on pullbacks to the 57,250 area, with targets set around 58,000 and 58,500. A tight stop should be placed below 56,750.
Bearish (Only if Key Levels Break): If BTC breaks below the 56,750 support, short positions could be considered, targeting the next key level near 56,000.
This chart suggests that BTC is currently showing bullish momentum. Traders could look for long opportunities on retracements, but caution is advised if key support levels break.
BTC USD IdeaOkay, my bearish targets got hit, and I don't want any more bearish trades. Bullish lows are controlling the price heavily, and we might see a push higher tomorrow. I'm only scalping in and out of trades with micro stops. Let's see what market makers really want to do. But if we are bullish and breaking out of the current range, I do have my target higher. RED ZONE on PIX , Let's keep an eye on it.
AUDUSD: Bullish Continuation & Long Signal
AUDUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDUSD
Entry Point - 0.6644
Stop Loss - 0.6616
Take Profit - 0.6704
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD: Market of Buyers
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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ARKM - LONG The global descending wedge, I really like the situation with this coin. Yesterday, I wrote that there were no interesting opportunities, but I’m reviewing hundreds of coins to find the one we can profit from.
What I can say about the project: the coin has strong fundamental support, and the project and website are very useful—I use them myself. As for the coin, I see potential growth of 80%.
GBPUSD Will Move Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.306.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.316 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURAUD Is Bullish! Buy!
Take a look at our analysis for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.655.
The above observations make me that the market will inevitably achieve 1.662 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.419.
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AUD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 99.337 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the AUD/JPY pair.
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#BTC #Bitcoin #Update #Setup 15 #Eddy#BTC #Bitcoin #Update #Setup 15 #Eddy
I don't know the main reason why I changed my mind from a sharp market fall, but at least I know that I used to take Bitcoin from the $25,000 range to very large targets, but it makes sense to introduce this setup to you. On the monthly time frame Bitcoin has closed above the previous ceiling with the body of the candle and on the other hand we have a valid exchange range that can support Bitcoin and cannot be ignored, but the market maker always surprised us. If I were to act like a sniper, the setup I have considered is suitable for the stated objectives, but I have marked the important support areas for you anyway, including the weekly block order I specified with WOB and finally If the monthly block order area I specified with Mob is gone. , we can see the drop until we reach the target of our previous 14 setup. & Do not forget that the WOB area should not be neglected.
Related Analysis & Setups of Bitcoin : (( BTC/USD )) : Check Link :
Good memories of the time I threw Bitcoin to the Moon From the $40,000 range :
"It is true that it stopped, but it does not diminish the value of my analysis. ((This was the first setup to be published in tv.))"
Related Analysis of Bitcoin Dominance : (( BTC.D )) : Check Link :
"If everything goes according to my old analysis of Bitcoin Dominance, then this update can be approved."
EURUSD - The Time has Come!I'm a little late to the trade because I missed the retest of the 1.095 Bi-monthly level, but a new setup above 1.103 is still valid.
The monthly trend has just issued a bullish signal. This is something that hasn't happened since Nov '20 so I think it is worth the risk after so many attempts to break out of this range.
Will love to see this close above 1.10375 for the month of August. This will add a lot more conviction for the breakout play.
EURUSD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1026
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1059
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDCHF On The Rise! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8467
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8486
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCAD Trading Opportunity! BUY!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.7742 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7768
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK