EURJPY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for EURJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 164.158.
Considering the today's price action, probabilities will be high to see a movement to 162.995.
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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SELL
GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2,644.615.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,625.451 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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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,592.930 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 GOLD pair.
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HELE Helen of Troy Limited Options Ahead of EarningsIf you haven`t sold HELE before the previous earnings:
Now analyzing the options chain and the chart patterns of HELE Helen of Troy Limited prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PACS Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PACS Group prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
KBH KB Home Options Ahead of EarningsAnalyzing the options chain and the chart patterns of KBH KB Home prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2025-4-17,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TTAN ServiceTitan Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TTAN ServiceTitan prior to the earnings report this week,
I would consider purchasing the 130usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STZ Constellation Brands Options Ahead of EarningsIf you haven`t sold STZ before the previous earnings:
Now analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WDFC WD-40 Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WDFC WD-40 Company prior to the earnings report this week,
I would consider purchasing the 260usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25600 zone, GBPUSD is trading in an downtrend and currently is in a correction phase in which it is approaching the trend at 1.25600 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05000 support and resistance area.
Trade safe, Joe.
USDCHF Is Bearish! Short!
Take a look at our analysis for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.902.
The above observations make me that the market will inevitably achieve 0.876 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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SILVER BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the SILVER 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 28.536 level.
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CAD/JPY 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 107.448.
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GOLD: Risky Long!
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move down.
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SILVER: Potential Short! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 29.80$
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 29.30$
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
NZD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H 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 87.705 area.
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BTC Neural AI Strategy tuned for DOGE crypto showing buy signalHey everyone. Here's a new trade idea potentially for DOGE. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for DOGE. The original script is called the "BITCOIN BTC Neural AI Strategy." It creates a neural network using RSI, MACD, and EMA which are weighted and undergo a mathematical transformation to result in a single value. Plotting the single value, and adding thresholds gives you the ability to trade. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.
After adapting the parameters for DOGE, I get a winning backtested strategy (see attached image):
Based on the backtest, and the average winning trade, I feel like this could be an area where DOGE continues to increase. Since the Buy signal was triggered, DOGE already went up roughly 10%, but I believe there is more growth especially since the sell signal has not yet been triggered yet.
I don't want to explain the script and how it works since this is a 'publish idea' and not a 'publish script' post, but I'll link the original script publication, or you can just find it on my profile :)
How to Use The Indicator/strategy
Look at the Neural Proxy line—it’s color-coded and easy to spot.
For traders who only trade long:
When the Neural Proxy line is above 0.5 = buy
When the Neural Proxy line is below -0.5 = sell
For traders who only trade short:
When the Neural Proxy line is above 0.5 = exit the short
When the Neural Proxy line is below -0.5 = enter the short
This strategy (and the pairing indicator script) is able to be used to trade long only, short only, or both long & short to maximize trade opportunities.