GBPAUD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9396
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9314
My Stop Loss - 1.9447
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
Shorts
USDCAD Short 4H *Approaching Resistance Zone** USDCAD faces a strong area of resistance. The resistance is visible at D1 timeframe, USDCAD is about to hit a major zone.
*This resistance zone coincides with the +70 % - (Fibonacci area = D1 timeframe) ,
further compounded by the RSI indicating overbought conditions in the D1,4H,2H(+70) timeframes.
* Overbought Conditions on 1D, H4 and H1 time-frames
- Such confluence signals a potential reversal point, particularly considering historical trends that indicate a seasonal decline for USD/CAD at this price range.
This trade is active.
Entry at 1.38101
First TP zone is around 1.375's
2nd TP zone is around 1.370's
These zones are supports at 4H timeframe.
CADJPY: Weak Market & Bearish Forecast
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 CADJPY pair price action which suggests a high likelihood of a coming move down.
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BTC on the way downBitcoin (BTC) against Tether (USDT) is currently priced at $69,731. After an unsuccessful retest, it is anticipated that BTC will undergo another retest before plummeting to a support level of $52,500 to $52,800. The unsuccessful retest indicates a potential weakening in the buying momentum, leading traders and investors to anticipate a decrease in price. This forthcoming retest is viewed as a critical juncture; if Bitcoin fails to maintain its position or show strength, it may trigger a sell-off, driving the price down to the identified support range.
MFI on 4h looks, so there can be some trap, ADX low, lets hope it is safe to open position.
1. Target 53 000
GBPJPY: Short Trade Explained
GBPJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPJPY
Entry Point - 192.71
Stop Loss - 193.13
Take Profit - 191.93
Our Risk - 1%
Start protection of your profits from lower levels
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EURNZD: Bearish Continuation & Short Trade
EURNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURNZD
Entry - 1.8054
Sl - 1.8098
Tp - 1.7974
Our Risk - 1%
Start protection of your profits from lower levels
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NZDJPY What Next? SELL!
My dear subscribers,
My technical analysis for NZDJPY is below:
The price is coiling around a solid key level - 91.416
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 91.152
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
———————————
WISH YOU ALL LUCK
CHFJPY Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 168.64
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 168.08
Safe Stop Loss - 168.96
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
USDCHF Set To Fall! SELL!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9137 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 - 0.9117
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
AUDNZD: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBPJPY Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 191.04
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 190.71
Safe Stop Loss - 192.81
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
EURUSD Buyers In Panic! SELL!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0836
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 - 1.0797
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
NZDJPY Will Collapse! SELL!
My dear friends,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.623 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 - 91.120
Recommended Stop Loss - 91.883
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
GOLD: Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EU ShortEven though previous week was pretty bullish I still expect the bearish trend will continue and it will keep taking out the weak lows.
The move during NFP didn't really give a clear signal what direction price wants to go, we'll see during CPI upcoming Wednesday I guess.
I would like to see the imbalance to get filled first with a nice rejection which will break the last structure before I will be looking for new shorts.