USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.46 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 USOIL pair.
✅LIKE AND COMMENT MY IDEAS✅
Tecnhicalanalysis
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD is trending down which is clear 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.092.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
The BB upper band is nearby so NZD-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 0.538.
✅LIKE AND COMMENT MY IDEAS✅
BITCOIN BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Previous week’s red candle means that for us the BITCOIN pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 67018.
✅LIKE AND COMMENT MY IDEAS✅
AUD/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.647 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.
✅LIKE AND COMMENT MY IDEAS✅
GOLD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H 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 2331.337 area.
✅LIKE AND COMMENT MY IDEAS✅
EUR/AUD BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are targeting the 1.649 level area with our long trade on EUR/AUD 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.
✅LIKE AND COMMENT MY IDEAS✅
USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 1.364 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EUR/NZD SHORT FROM RESISTANCE
Hello,Friends!
Previous week’s green candle means that for us the EUR/NZD 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 1.783.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 2.078 area.
✅LIKE AND COMMENT MY IDEAS✅
GBP/USD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GBP/USD 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 1.238 area.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D 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 2.110 area.
✅LIKE AND COMMENT MY IDEAS✅
AUD/CHF SHORT FROM RESISTANCE
Hello,Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 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.
✅LIKE AND COMMENT MY IDEAS✅
USOIL BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are targeting the 80.21 level area with our short trade on USOIL 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.
✅LIKE AND COMMENT MY IDEAS✅
ETHUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for ETHUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 3267.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Will Go Higher! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.068.
Considering the today's price action, probabilities will be high to see a movement to 1.072.
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.
Like and subscribe and comment my ideas if you enjoy them!
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are now examining the CHF/JPY 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 167.914 level.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Bearish trend on NZD/CHF, 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 0.537.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CHF BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are going long on the GBP/CHF with the target of 1.145 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CAD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
SILVER is trending up which is clear 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 28.941.
✅LIKE AND COMMENT MY IDEAS✅
NZD/USD BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are now examining the NZD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.608 level.
✅LIKE AND COMMENT MY IDEAS✅
USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the USOIL with the target of 84.39 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅