EliteTradingSignals

EliteTradingSignals Updated 

Hello, Friends! The BB upper band is nearby so CAD/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 105.821. ✅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 2,816.028 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! Previous week’s red candle means that for us the AUD/JPY 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 98.666. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! NZD/JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 89.129 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 NZD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello, Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 1.774 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals

Hello, Friends! NQ1! pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 20,623.50 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals

Hello, Friends! CAD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 0.628...

EliteTradingSignals

Hello, Friends! We are going long on the USOIL with the target of 75.15 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! CHF/JPY is making a bearish pullback on the 9H 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 169.146 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! The BB upper band is nearby so AUD/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 0.564. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! Previous week’s green candle means that for us the SILVER 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 30.919. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! NZD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.511 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 NZD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! GBP/AUD 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...

EliteTradingSignals Updated 

Hello, Friends! Bearish trend on EUR/NZD, 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 1.831. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello, Friends! We are now examining the GBP/NZD 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 2.193 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! We are going long on the USOIL with the target of 75.80 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! It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 193.736 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. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,840.287 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. ✅LIKE AND COMMENT MY IDEAS✅