GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/CAD with the target of 1.770 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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Short
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/JPY right now from the resistance line above with the target of 183.099 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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#BTC #Bitcoin #Update #Short #Setup #Eddy#BTC #Bitcoin #Update #Short #Setup #Eddy
Bitcoin is ready to move to the 15th Setup, this is the short setup, don't forget to get approval and risk and capital management, full details are available in the latest Bitcoin update, please read.
Related Analysis & Setups of Bitcoin : (( BTC/USD )) : Check Link :
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35 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 1.35 support and resistance area.
Trade safe, Joe.
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2660.3
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2650.4
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCHF The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9484
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 - 0.9453
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURO - Price can fall to almost support line of rising channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price declined inside falling channel, where it broke $1.1070 level and fell to almost support line.
Price turned around and started to grow, and in a short time, it left falling channel and started to grow in rising channel.
In this channel, Euro broke $1.1070 level one more time and rose a little more, after which made a correction.
After correction, the price bounced up to $1.1160 level and even entered to support area, where some time traded.
Then EUR fell back and repeated movement up, breaking $1.1160 level and rose a little more than the support area.
Now, I think that the price can rise a little more and then start to decline to $1.1120, breaking the support level.
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SPX Is Bearish! Short!
Take a look at our analysis for SPX.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 5,722.39.
The above observations make me that the market will inevitably achieve 5,432.48 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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EURUSD Is Going Down! Sell!
Here is our detailed technical review for EURUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.115.
Considering the today's price action, probabilities will be high to see a movement to 1.110.
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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NZDJPY Will Move Lower! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 90.996.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.
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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EUR/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.939 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 EUR/CHF pair.
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EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H 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 160.449 area.
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EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84000 support and resistance area.
Trade safe, Joe.
BTC TO 45-43K BEFORE MAKING NEW ATH COINBASE:BTCUSD BINANCE:BTCUSDT
Hello everyone. Bitcoin is trading in a bearish channel. I have left alot of indicators and other chart things off to keep it clean and show my main points. But remember we are in a wave 4 of 5 and have not hit the retracement target yet.
Prices always move back toward equilibrium. As you can see on the chart in purple. This lines up nicely with the 1.618 and 1.786 fib extensions of the swing low to swing high. It also intersects with the base channel which is a typical wave 4 target. Wave 4 typically hits the top or middle base channel. The fib extensions line up nicely with the mid channel. This creates a significant area of interest and a likely spot to land before making a new ath.
If you disagree with me please use data and examples and not emotions. Thanks everyone!
EURJPY Will Collapse! SELL!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.23 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.59
Recommended Stop Loss - 162.09
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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EURUSD: Bearish Continuation & Short Trade
EURUSD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry - 1.1162
Sl - 1.1192
Tp - 1.1108
Our Risk - 1%
Start protection of your profits from lower levels
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USDCHF: Expecting Bearish Movement! Here is Why:
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 USDCHF pair which is likely to be pushed down by the bears so we will sell!
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Euro can make movement up and then continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago entered to wedge, where it rebounded from the support line and rose to the resistance line, which is located in the support zone. After this, the price turned around from the resistance line made a correction to the support line, and then made an impulse up. Euro broke the 1.1010 level, after which it exited from the wedge and started to trades inside range. Inside range, EUR at once rose to the seller zone, but soon turned around and started to decline, making a fake breakout of the resistance level. In a short time later, the price tried to grow, but turned around and made a correction to the support level, after which made an upward impulse to the 1.1175 resistance level. Euro some time traded near this level and not a long time ago started to decline. Therefore I think that the price can make movement up and then continue to decline to the support level, which coincides with the bottom part of the range. For this case, I set my TP at 1.1010 support level. Please share this idea with your friends and click Boost 🚀