EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/JPY right now from the resistance line above with the target of 160.038 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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Short
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the EUR/CAD 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 1.490.
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HelenP. I Bitcoin will break support level and fall to 98$Hi folks today I'm prepared for you Gold analytics. Some time ago, the price declined to support 2, which coincided with support zone, and some time traded between this level. After this, BTC later made a strong impulse up, breaking support 2, which coincided with the resistance zone and even rose a little higher. But soon, it turned around and made a strong impulse down to the trend line, breaking two support levels. Later, the price backed up, breaking support 2, and even rose to the resistance zone, after which some time traded below this area. Next, it declined to the support zone, which coincided with the trend line, and then rebounded and in a short time rose to the resistance zone, breaking support 1. At the moment, price trades inside the resistance zone in a triangle pattern, so, I expect that BTCUSDT will make movement up to the resistance line of this pattern. Next, it turned around and started to decline, breaking the support level, therefore I set my goal at 98000 points. If you like my analytics you may support me with your like/comment ❤️
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83200 support and resistance area.
Trade safe, Joe.
EURJPY What Next? SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 161.26
Bias - Bearish
Safe Stop Loss - 162.54
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.06
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
US100 Is Very Bearish! Short!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,766.7.
The above observations make me that the market will inevitably achieve 20,570.5 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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AUDNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.104.
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 1.098 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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AUDJPY Will Move Lower! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 97.822.
Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 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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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident 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 89,901.
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EUR/GBP SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.825 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 0.886 area.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/USD 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 1.270.
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AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91000 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.91000 support and resistance area.
Trade safe, Joe.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.57800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05100 support and resistance area.
Trade safe, Joe.
S&P500 Measured Move - ES Target 2024 Reached?That's a ...ummmhh..surprise at least.
And it's crazy.
I never thought this could happen.
But we better shall believe, that ECH - Everything Can Happen!
So, is the target reached for 2024?
Nobody knows, right?
But, I start to further close positions and take my profits in these Index and the correlating Markets.
Don't let Greed eat your Brain §8-)
As for my Christmas Lotto Ticket this year, I take a small Short Position now...LEAPs, Bear-Spread, dunno yet, but it's a Shortie that I can let sit for a couple Months.
Talk soon...
EURAUD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6525
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 - 1.6383
My Stop Loss - 1.6605
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
USDJPY Technical Analysis! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 152.63 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 - 151.14
Recommended Stop Loss - 153.49
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
GBPCHF Set To Fall! SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1275
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1236
My Stop Loss - 1.1301
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USDCHF: Bearish Continuation & Short Trade
USDCHF
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short USDCHF
Entry - 0.8870
Sl - 0.8899
Tp - 0.8821
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD: Short Signal with Entry/SL/TP
AUDNZD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell AUDNZD
Entry - 1.1034
Stop - 1.1063
Take - 1.0982
Our Risk - 1%
Start protection of your profits from lower levels
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