NZDUSD Have Formed A Decent Down Trend Align With USD StrengthHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
Short
NAS100USD Will Go Down From Resistance! Sell!
Here is our detailed technical review for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 18,663.7.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 17,137.5 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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NZDUSD Will Go Down! Short!
Please, check our technical outlook for NZDUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.604.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.600 level soon.
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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GBP/JPY Trade Setup: Short Position on Rising WedgeI've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries:
First Entry: At the top of the rising wedge, with an entry at 189.520.
Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the pattern.
The rising wedge is often a precursor to a bearish reversal, and I'm positioning for a downside move. This two-pronged entry strategy allows me to capitalize on both the potential resistance at the top and the momentum if the wedge breaks to the downside.
I'll continue to monitor the trade and update as it progresses.
USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 75.00 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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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY is making a bullish rebound on the 5H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 182.665 level.
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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-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 0.941.
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EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the EUR/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 157.470.
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Gold will fall to 2419.00 - 2430#XAUUSD Update..!
Short | bear movement ⚠️
Gold already reaches the highest level of gold and breaks the Market structure already. A local bearish movement is confirmed. But I have doubts about the Candle which came from the manipulation area.
However market structure breaks with the same direction Fvg block. So that means Fvg is high value. I expected The market will reach the 2416 - 2430 zone with next few hours.
use at your own risk
GBPUSD Is Approaching a Historical Resistance of 1.28000Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area.
Trade safe, Joe.
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. A not long time ago price almost reached a resistance level, after which it turned around and dropped lower than the 2380 support level, which coincided with the support zone. After this movement, Gold turned around and soon rose higher than the 2380 level, breaking it one more time. Next, the price some time traded near this level and later made a strong impulse up, thereby breaking the 2435 level, which coincided with the resistance zone. After this movement, Gold some time traded near, and next it rebounded up to the trend line, after which started to decline. Gold quickly fell lower than the 2435 level, breaking one more time it, and dropped to the support zone. Then price bounced up from this area and some time later it rebounded up from the support level and rose to the trend line, which at the moment continues to trades near. For this case, I expect that XAUUSD will rebound from the trend line and start to decline to almost a support level. That's why I set my goal at 2390 points, which is located near the support level. If you like my analytics you may support me with your like/comment ❤️
Gold Trade Setup: Short Position on Ascending TriangleI've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460.
Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above the triangle to protect against any upside breakout. I'm aiming for a favorable risk/reward ratio by shorting at resistance, with plans to take profits at the 15-minute EMA level, which is currently at 2,436.7.
I'll update as the trade progresses.
DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 102.772.
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 100.598 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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GOLD Is Very Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,441.718.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,411.425 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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USDJPY Is Going Down! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 147.273.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 145.132 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.
Like and subscribe and comment my ideas if you enjoy them!
AUDCHF Will Fall! Short!
Take a look at our analysis for AUDCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.572.
The above observations make me that the market will inevitably achieve 0.564 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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LOW RISK ETH SHORTSimply hopped into an ETH Short at around 11;15 pm EST
about a 40 pip SL @ $2,580
Looking for a 1:4 or 1:5
TP 1 : 2,487
TP 2 : 2,420
TP 3 : 2,355
If you can handle volatility hold till possible $2,100 or below!
Always good to scale in and out protecting your capital EFFICIENTLY!
Let's Get it PPFX Fam! Peace
GOLD BEARS ARE GAINING STRENGTH|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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2,391.669.
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EUR/GBP SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/GBP pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.844 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 0.641 area.
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NZD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the NZD/USD with the target of 0.592 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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BTCUSDT & SOLUSDT, Sun 11 Aug!My expectation and prediction that I mentioned on Friday and Saturday,
With a delay of 48 hours, it was formed today.
Assuming that my price range is from the highest price this morning until now (the lowest price),
And assuming that the market is bearish,
- I expect that the price in this range will go up (a pullback).
- Enter the premium area in this domain and then start its downward movement again
- Today is Sunday and I don't want to trade, but I will watch the PM session.
- My plan is, if the price reaches the premium area (above 50% Fibo) and declines between 62% and 78% Fibo, I will take a short position.
- Now this may happen this afternoon or tomorrow or Tuesday.
Wish had Nice weekend & Happy Trade !
Note: I don`t trade BTC, I trade SOL only and Get confirmation from BTC Price Movement!
Its only my Idea and its not offering buy or sell!