EURUSD SHORT IDEAHello, this is my first published idea as a beginner trader, please feel free of leaving your opinions and/or ideas here, I would heavily appreciate any feedback.
As seen on my chart, I expect a bearish reversal when price hits somewhere around 1.04361, the reason for this would be that during this month of January this has been the highest point twice, refusing to go higher. I've set my first TP on 1.03702 as I would like to secure partial profit, in case that my analysis is correct, and with the second TP where the bullish momentum of today january 20th started (1.03185).
Please let me know your thoughts/feedback on this, as I would like to hear what more experienced people see in the market. Thank you!
Short
US INAUGURATION & BTCAs the second Trump era begins, this is how Bitcoin looks:
- BTC new ATH in the run up to inauguration and highest ever weekly close. I believe this was in anticipation for Trumps acceptance speech to mention Bitcoin and or the strategic reserve. That did not happen and so we've seen a selloff wick down to Midpoint with price settling at 0.75 in the range.
Typically, wicks get filled and so I would like to see price steadily reach the midpoint and then begin to show some strength before looking to go LONG. That all changes if we see a crypto specific executive order signed in the coming hours/days we should then see a move back to the highs.
- 4H 200 EMA is always an important level for the Bullrun, the vast majority of altcoins are under the 4H 200 EMA thanks to liquidity being drawn out into BTC and Solana memecoin craze.
- Bitcoin is still leading the greater market but I do expect rotation into strong US based altcoins within the next few weeks going into the later part of Q1. Some key alts that fit that category are SOL, SUI, LINK, ONDO, XRP, ENS, and many more.
It's important to remember this is a marathon not a sprint and I fully expect progress to be made but it may not be linear, until we have broken out of the range in the chart and move into a clear trend environment BTC should be treated as such by trading instead of buying and holding.
EURCAD A Fall Expected! SELL!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4885 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 - 1.4814
Recommended Stop Loss - 1.4929
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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WISH YOU ALL LUCK
NZDCHF: Bearish Continuation is Highly Probable! Here is Why:
Balance of buyers and sellers on the NZDCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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AUDCHF: Bearish Forecast & Outlook
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 AUDCHF pair price action which suggests a high likelihood of a coming move down.
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USDJPY Is Very Bearish! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 156.291.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 154.540 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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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,659.028 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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AUD/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 96.652 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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NZD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on NZD/JPY, 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 87.200.
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GBPJPY My Opinion! SELL!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 1.1373 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable GBPJPY continuation.
Target - 1.1313
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GOLD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2703.1
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2674.4
Safe Stop Loss - 2720.0
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
SPY Will Collapse! SELL!
My dear followers,
I analysed this chart on SPY and concluded the following:
The market is trading on 597.55 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 588.41
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NAS100USD Is Going Down! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,454.6.
The above observations make me that the market will inevitably achieve 20,638.8 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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USOIL SHORT FROM RESISTANCE
Hello, Friends!
USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 72.06 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 USOIL pair.
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GBPJPY Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 190.800 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 190.800 support and resistance area.
Trade safe, Joe.
GBPCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.11500 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11500 support and resistance area.
Trade safe, Joe.
EURUSD Sell SetupEuro is going to down side in the next weeks. There is no sense to enter a long position right now. Trump is going to start working officially. We can wait for going down on EURUSD pairs.
4 Notes for you:
Keep it simple as possible as.
Make sure following steps of your plan.
No emotion.
If the price does not come to your optimal entry area, do not trade it.