GBP/CAD LONG FROM SUPPORT
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GBP/CAD is making a bearish pullback on the 12H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.790 level.
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Tecnhicalanalysis
GBP/AUD BULLS WILL DOMINATE THE MARKET|LONG
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It makes sense for us to go long on GBP/AUD right now from the support line below with the target of 2.022 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBP/USD BEARS ARE STRONG HERE|SHORT
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It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.243 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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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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Bearish trend on GOLD, 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 2,630.641.
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GBP/NZD BULLS ARE GAINING STRENGTH|LONG
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GBP/NZD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 2.218.
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GBP/CHF BUYERS WILL DOMINATE THE MARKET|LONG
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GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.128 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/JPY BULLISH BIAS RIGHT NOW| LONG
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GBP/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 195.317 area.
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FIL/USDT Short Setup on Rising Channel BreakdownThis chart showcases a short position on FIL/USDT after a breakdown from a rising channel pattern. The price respected the upper and lower boundaries of the channel before breaking below the support, signaling a potential bearish continuation.
Key Levels
Entry Price: Around 5.39 (near the channel breakdown point)
Stop Loss: Set at 5.59 (above recent resistance)
Take Profit Target: Approximately 4.73 (aligned with prior support and pattern projection)
Technical Insights
Rising Channel Pattern: Generally bearish when a breakdown occurs, indicating a loss of bullish momentum.
Bearish Confirmation: A strong downside move with momentum below the lower trendline enhances the validity of this setup.
Risk-to-Reward Ratio: The setup offers a good R:R, making it an efficient short trade opportunity if market conditions align.
Traders can watch for further confirmation, such as volume spikes or retests of broken support levels acting as resistance, before adding to their positions.
USOIL BEST PLACE TO SELL FROM|SHORT
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We are going short on the USOIL with the target of 71.93 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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EUR/CHF BEARS ARE STRONG HERE|SHORT
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EUR/CHF 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 0.932 level.
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EUR/CAD LONG FROM SUPPORT
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The BB lower band is nearby so EUR-CAD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.490.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the USD/CHF 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 0.906.
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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
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NZD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 0.564 area.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
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AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.625 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,592.930 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 GOLD pair.
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USD/CAD BULLISH BIAS RIGHT NOW| LONG
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We are targeting the 1.443 level area with our long trade on USD/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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CAD/CHF BULLISH BIAS RIGHT NOW| LONG
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CAD/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.631 level.
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SILVER BEST PLACE TO SELL FROM|SHORT
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We are now examining the SILVER 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 28.536 level.
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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CAD/JPY 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 107.448.
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NG1! SENDS CLEAR BULLISH SIGNALS|LONG
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NG1! pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 3.928 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD/JPY BEARS ARE GAINING STRENGTH|SHORT
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NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H 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 87.705 area.
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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 28.654 level area with our short trade on SILVER 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/CHF BEST PLACE TO SELL FROM|SHORT
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It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.556 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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