SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t bought SBUX before the previous rally:
Now analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 77usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SELL
SOFI Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SOFI Technologies prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GRPN Groupon Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GRPN Groupon prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $2.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DXY Will Go Down From Resistance! Sell!
Here is our detailed technical review for DXY.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 104.242.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 103.696 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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GBP/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 202.762 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 GBP/JPY pair.
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USDJPY: Soft Inflation And Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 157.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 157.900 support and resistance area.
Trade safe, Joe.
USDCHF Is Approaching a decent resistanceHey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.88800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88800 support and resistance area.
Trade safe, Joe.
EUR/NZD SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so EUR-NZD 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 1.835.
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DXY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.900 zone, DXY 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 104.900 support and resistance zone.
Trade safe, Joe.
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84600 support and resistance area.
Trade safe, Joe.
BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are targeting the 65,250 level area with our short trade on BITCOIN 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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SILVER Is Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 29.051.
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 27.611 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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DXY Is Going Down! Short!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 104.203.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102.622 level soon.
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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US500 Will Go Lower! Short!
Take a look at our analysis for US500.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,614.6.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,519.1 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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