EliteTradingSignals

EliteTradingSignals

Hello, Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,849.355 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals

Hello, Friends! NZD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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...

EliteTradingSignals

Hello, Friends! We are going short on the GBP/USD with the target of 1.243 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. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! We are now examining the USD/JPY 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 153.829 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! The BB lower band is nearby so USOIL 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 73.00. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! Bearish trend on EUR/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 1.024. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! CAD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 108.562 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CAD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! AUD/JPY pair is in the downtrend because previous week’s candle is red, 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 97.092 because the pair oversold due to its proximity to the lower BB band and a bullish correction is...

EliteTradingSignals Updated 

Hello, Friends! Previous week’s green candle means that for us the AUD/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 0.569. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! NG1! pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 3.535...

EliteTradingSignals

Hello, Friends! We are going long on the NZD/JPY with the target of 88.496 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✅

EliteTradingSignals

Hello, Friends! USOIL is making a bullish rebound on the 6H 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 69.95 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! The BB upper band is nearby so CAD-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 0.621. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello, Friends! NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals

Hello, Friends! BITCOIN is trending down which is evident 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 great trend following opportunity for a short trade from the resistance line above towards the demand level...

EliteTradingSignals

Hello, Friends! GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H 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 1.769...

EliteTradingSignals

Hello, Friends! We are targeting the 1.974 level area with our short trade on GBP/AUD 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✅

EliteTradingSignals

Hello, Friends! We are now examining the GOLD 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 2,807.382 level. ✅LIKE AND COMMENT MY IDEAS✅