NAS100USD Will Go Down! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,618.0.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 20,285.3 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SELL
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,655.537 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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XAUUSD 12/1/24XAUUSD remains our second pair as usual. Orion is clear as always, giving us a bullish bias to target the highs. Similar to EU, we only have one high to aim for, so the options are the same as mentioned in that write-up. We could pull back from the current position, creating a new low in the process, which would lead us into the lows and present a long entry opportunity in line with the bias. Alternatively, we might take the high first and then drop down into the lows, which would also provide a potential long entry.
Overall, we are anticipating a higher shift and need to monitor the lows for this to materialize. Follow Orion, stick to your plan, and manage your risk properly.
EURUSD 12/1/24Starting the week with our clear bias and understanding of what we aim to trade on EUR/USD. This bias and understanding are, as always, brought to us by Orion, providing precise bias, points of interest, and entry areas.
This week, we observe institutions once again driving the market downward, and we plan to follow this flow. Based on the current market conditions, we are presented with a target low and a major collection of highs, creating a strong area to watch for bearish momentum to return. The game plan is simple: look for a new low to form, giving us targets to aim for. If this happens, watch for the highs to be taken out, which will align us with our short bias. Alternatively, if our current target is reached first, we’ll shift our focus to the highs, providing opportunities to target new lows as the market retraces back to these areas, keeping us in line with the short bias.
Follow what price action shows you and, as always, trust Orion.
Stick to your plan, follow your rules.
EURAUD possible ideaAfter price broke previous high, It initiated a liquidity grab before it preceded to rally and break a previously protected strong higher low. This then gave us a shift in market structure from a bullish to bearish market. Price has currently formed liquidity just below a supply zone that it could use to fuel it's move to the downside, running an established trendline liquidity as well as the latest formed weak low.
NZDUSD Is Approaching The DowntrendHey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.55800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55800 support and resistance area.
Trade safe, Joe.
USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.441.
Considering the today's price action, probabilities will be high to see a movement to 1.439.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CAD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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The BB upper band is nearby so CAD/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 0.627.
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bch sell midterm buy limit"🌟 Welcome to Golden Candle! 🌟
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
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USOIL Will Go Down From Resistance! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 76.573.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 72.081 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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SILVER BEARS ARE GAINING STRENGTH|SHORT
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Bearish trend on SILVER, 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 28.676.
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EUR/USD SHORT FROM RESISTANCE
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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 1.032.
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sol buy midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
AUDUSD Is Trading Under The Pressure Of A Strong DXYHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.61900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61900 support and resistance area.
Trade safe, Joe.
$BTC consolidation continues as we approach HUGE UP/DOWN EventI know we cant predict it but we can speculate. I use many many strategies and analytic built into trdingview and many other trading sites tools for trading cryptocurrency and FX stocks etc.. To the point. Using this ML by LuxAlgo sows a bad pic for BTC on 1D and 1W BUT the 1H is showing up trend to 130k~ the opposite for the 1D down to possibly 55k then the 1W is more SHARP down to $35k :L REMEMBER this is a Machine learning bot not the best thing to guess with. BUT it does work for what its made to do and I have made many positive gains with this tool alone or with MACD or RSI or sometimes other ML scrips or analytics.
So please put this over your BTC chart and see what LUX ALGOs ML chart as shown in idea on Left middle side. Check ho various it is not just on BTC but also try ETH and other smaller markets or memes like PEPE or even BONK etc or oter chain types POL(was MATIC) or DOT or ATOM etc. See and check the change between short 1Min - 1Hour vs 1Day - 1Month.
Note THIS indication isn't Correct! No IDEA is not 100%. Remember that. Remember "What WILL BE WILL BE" or "WHAT HAPPENS WILL HAPPEN" as my nan always said if we anxious of future events! It set me free literally as you realize its always going to Be what it Will BE! It cannot be changed! You think it can. and you CAN if you realize this. Then you can act with knowledge that you much make change in the NOW present to make that change you wanted in the Future.
If you manifest it it can happen. and that makes it What will be will be ore true. if you didn't do it it would still BE what it will be at that time. It cant change via thought. It can chnge by action before the "future".
ANyway share BTC knowlede share ideas sty strong! This isnt going to happen anyway...
USDCHF Is Very Bearish! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.913.
Considering the today's price action, probabilities will be high to see a movement to 0.909.
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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BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN 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 91,049 area.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.243 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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inj midterm 30m"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"