GBP/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
Bearish trend on GBP/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 1.293.
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Short
NZDUSD Potential DownsidesHey 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.
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile
Hello everyone,
Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k.
Bearish Case
Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k.
Bullish Case
If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
McDonald's (MCD): New setback after quarter pounder incidentOne month ago, we predicted McDonald’s would push into the 127.2%-138% range at max, and now the stock is reacting precisely as we expected. Pre-market trading shows a 6% drop following the news from Tuesday.
The Centers for Disease Control and Prevention (CDC) has reported one fatality and ten hospitalizations linked to McDonald's Quarter Pounder burgers, resulting in the fast-food chain pulling the item from several menus. This incident has brought McDonald's stock back into its previous range, signaling that this wave (B) should mark the local top for now.
If we are correct, we expect to see a 5-wave structure downward from here. While there could be a brief relief pump, we anticipate the stock falling below the wave (A) level of $243. We are patiently monitoring the situation, and if a favorable short setup presents itself, we will share the entry details. For now, we are watching how the news unfolds and waiting on the sidelines.
Bitcoin will break support level and continue to fall to 61800Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days reached the support level, which coincided with the buyer zone, but at once rebounded and declined a little below. After this movement, the price started to grow inside an upward channel, where it soon reached the 59000 level and broke it. Next, the price made a correction to the buyer zone and then continued to move up to the channel's resistance line, which coincided with the current support level and then turned around. BTC corrected the 59000 level, after which it rebounded and in a short time rose back to the 66300 level and some time traded near. Soon, the price broke this level and rose almost to the channel's resistance line, but recently it turned around and dropped to the support level, which continues to trade very close. In my opinion, the price can make a small move up and then continue to decline to support line of the upward channel, breaking the support level. That's why I set my TP at 61800 points. Please share this idea with your friends and click Boost 🚀
GOLD SHORT FROM RESISTANCE
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,682.745 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 104.334 level area with our short trade on CAD/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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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/JPY is making a bullish rebound on the 1D 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 96.684 level.
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QQQ What Next? SELL!
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 494.52
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 492.20
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
GOLD - Price can rise a little more and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price started to grow inside the rising channel, where it at once fell below $2505 level, but soon rose back.
Prie made a retest, after this and continued to grow to resistance line of channel, which coincided with resistance level.
After this, Gold turned around and fell to support line, and soon exited from rising channel and declined a little more.
Then, price turned around and continued to move up, and later it reached $2685 level, and recently broke it.
At the moment, Gold continues tp move up, and I think that price can make grow a little more and then start to fall.
Gold will fall to support level, break it, and then continue to decline to $2640
If this post is useful to you, you can support me with like/boost and advice in comments❤️
SILVER Will Go Lower From Resistance! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 34.118.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 30.110 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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USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 150.710.
The above observations make me that the market will inevitably achieve 148.225 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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Continued bearish scenario for BitcoinIn the daily time frame, as we expected in the weekly analysis, we see the formation of a reversal candle with the appropriate volume to change the upward to downward trend, and also the level of 66600, which was the last level for daily support which we say 3candle formation , has been engulfed and the price has penetrated into it, which indicates the passage. Supporting it in the next encounter is clearly visible in the 4-hour timeframe
In the 4-hour time frame, we have a change of charector and a downward range has been formed, which in the 1-hour time frame, by leaving the ascending wedge pattern, this range is placed below the 4-hour block breaker and the daily key level, which can be confirmed in the lower time frame. Enter the short trade if it is shown in the 15 minute time frame
EURUSD Is Trading Under The Pressure Of A Strong DollarHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08600 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08600 support and resistance area.
Trade safe, Joe.
GBPUSD Is Very Bearish! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.304.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.298 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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EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so SILVER 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 32.444.
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NZD/JPY BEARISH BIAS RIGHT NOW| 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 88.374.
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CAD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
CAD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.624 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 CAD/CHF pair.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.206 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.524 level.
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