Scenario GBPCHFHere I see possible preparations for short positions, the analysis solves possible scenarios for the completion of the correction, the first scenario is that the price will reach the upper trendline, the second from the correction will eventually be formed as a head-shoulder formation
Wave Analysis
GOLD Key LevelsTVC:GOLD Gold indicators are bullish, if the 4-hour candle opens above 2787 it will rise to 2801 and if the price stabilizes above 2801 it will rise to 2819 and if it breaks this level also it will rise to 2840 . And also If the price drops to 2768 and the 4-hour candle opens below this level, it will drop to 2739.
EURUSD Will Go Down! Sell!
Here is our detailed technical review for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.080.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.078 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 - UniverseMetta - Signal#USDJPY - UniverseMetta - Signal
H4 - Fixation behind the trend line + breakout of the local level. Potential completion of the impulse on D1. An additional entry point will be when the 3rd wave is formed. Stop behind the maximum.
Entry: 152.694
TP: 151.301 - 149.238 - 147.791 - 144.607
Stop: 154.051
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as you can see OM following the mega bullish trend and as BTC pump alts will follow them as well. The current circulating supply of MANTRA is 883 Million tokens, and the maximum supply of OM is unlimited. It is traded on 26 markets and 28 exchanges, the most active of which is Binance. OM is the good candidate for Coinbase as well
XAUUSD_1Hhello
Short time gold analysis
Analysis based on Elliott waves
The first case: the market is in a blue wave and the ceiling of wave 3 has been reached, and we enter a short correction towards the 2765 range and the price increases again towards wave 5 towards the range of 2806 dollars.
The second case: the market is in a red wave and continues to rise and completes wave 3 and enters the correction to the $2770 range and increases the price again towards wave 5.
And in any case, we are buyers for any correction to the bottom for the next rising waves
Important numbers as support 2761 and 2771 dollars
Important numbers as resistance $2785 and $2806
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER is making a bullish rebound on the 8H 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 32.380 level.
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so NZD-JPY 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 90.171.
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CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY 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 172.694.
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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.567.
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Scenario USDJPYThe graph is just for fun, I lightly drew a possible scenario, but we will see how this situation turns out in the end, the price is currently hovering around the price level of 153.340, which corresponds to a little 0.618 from the last wave before the correction, if the price fails to hold, the correction may be considered sufficient and we can concentrate for shorts !
ICX ANALYSIS (8H)From where we placed the flash green color on the chart, it seems ICX has started a diametric.
From the red range, it can be rejected towards the lower areas.
The main target is the green box.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You