USDJPY A Fall Expected! SELL!
My dear subscribers,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 143.14 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 141.56
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Short
GBPAUD - Now We Wait!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPAUD has been bearish trading within the falling channel.
Currently, GBPAUD is approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #GBPAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin can continue to decline inside range to 54800 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after which it turned around and started to grow. In a short time price rose to a resistance level, which coincided with the seller zone, breaking the 53300 level one more time. BTC some time traded near the resistance level and then fell to the support line of the triangle and then quickly rose to the resistance line of this pattern, breaking the resistance level. But then the price made impulse down, thereby exiting from the triangle pattern and breaking the 61200 level too. Also, BTC started to trades inside the range, where it declined to support level, which coincided with the buyer zone and at once rebounded up. A not long time ago price reached a resistance level and soon rolled down, and now it declining. So, for this case, I think that the price can rise to the resistance level and then continue to fall to almost the support level. That's why I set my TP at 54800 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can start to decline to $2520 support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge.
In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below.
Price made a fake breakout of $2520 level, but soon backed up and some time traded near this level.
Also, Gold even some time entered to support area, after which it later made a correction to support line of wedge.
After this movement, XAU made an upward impulse, thereby exiting from wedge and breaking $2520 level.
Now, I think Gold, after upward movement, can start to decline to $2520 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
US30 Is Very Bearish! Short!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 41,801.97.
Taking into consideration the structure & trend analysis, I believe that the market will reach 40,853.86 level soon.
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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USOIL Is Going Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 71.72.
Considering the today's price action, probabilities will be high to see a movement to 68.16.
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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USDJPY Will Fall! Short!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 142.372.
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 139.871 level.
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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USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 65.61 level area with our short trade on USOIL 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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AUD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Bearish trend on AUD/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 0.660.
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Short idea on $BTC In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.
XAUUSDXAUUSD . Potential short opportunity.
Our idea is that after the price on XAUUSD has made a new ATH ( All Time High ) we are due for a pullback (at least 50%). Our key level is sitting at 2560 where our entry is, and if broken, we could potentially see lower lows down to our targeted areas 2545 (50% pullback) and 2529 . Stops are set at candle flip as that would result in a reverse which could potentially break previous highs and continue to the upside.
Overall still bullish on XAUUSD .
PARAMETERS
- Entry: 2560
- SL: 2576
- TP1: 2545
- TP2: 2529
KEY NOTES
- The sell would be confirmed after we break the key level 2560.
- If the price breaks our key level 2560 we could expect lower lows and pullbacks.
- TP1 is a 50% pullback on previous upside move.
- Stop is set at the previous candle high.
Happy trading!
FxPocket
GOLD Will Go Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,574.53.
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 2,546.89 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD Will Go Down! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.324.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.310 level.
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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GBPJPY Will Move Lower! Sell!
Here is our detailed technical review for GBPJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 187.889.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 186.021 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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EURGBP Is Going Down! Sell!
Here is our detailed technical review for EURGBP.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.843.
Considering the today's price action, probabilities will be high to see a movement to 0.840.
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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GOLD 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 2,518.041.
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NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.610 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/USD 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 1.310 area.
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USD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 140.702 level area with our short trade on USD/JPY 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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