There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area. Trade safe, Joe.
Take a look at our analysis for USOIL. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 75.96. Considering the today's price action, probabilities will be high to see a movement to 74.80. P.S The term oversold refers to a condition where an asset has traded...
Here is our detailed technical review for US100. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 19,056.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 18,811.5 level soon. P.S Please, note that an...
Hello,Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 1.746 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! It makes sense for us to go short on USOIL right now from the resistance line above with the target of 73.84 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✅
Here is a short trade idea on GU. On last Friday we had a volatile displacement to the downside, so I would like to take a short, targeting the SSL below, into a weekly FVG. Pretty straight forward trade. Price could go lower than that if the trade was correct in the first place, so I would likely leave a runner between 20-30% of the position at that point and...
I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!
Hi everyone, are we expecting a move down? The trendline has broken, we can see some validation and might see it further going down. Do comments your thoughts. Regards
Long into short 5 wave channel. targed 1.618. We did hit the 1.272 in wave 3. bounced from 0.618 extension. Manage risk correcly! No financial advice do ur own research!
Ahead of todays NFP I am expecting price to push up to 1.0910 area where I will be shorting from. I expect my target at 1.0820 and stops above 1.0930 level. Due to the volatility of the market on NFP it is advisable to use proper risk management.
Context: • Monthly neutral / sideways • Weekly bearish FVGs, ignored bullish order block • Clearly bearish Idea: • Short at daily FVG Entry: • Entry Range: 1.0774 to 1.0787 • Entry Signal: Reversal Setup on 30min - 1h Scenario: • Liquidity sweep above 1.0774 (dashed line) • Avoid building a FVG on 4h Stop: • Above your Reversal Setup / Entry Setup Scenario...
Please, check our technical outlook for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.889. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
In todays trading session, I am monitoring GOLD for a sell scenario, I expect a push up to 2400.47 where I will enter sells. I have my stops above 2414.40 and targets below 2324.80. I see potential for price to drop lower in the coming weeks. Use proper risk management
Futures Trade Cautiously Ahead of Jobs Data U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year. Technical Analysis the...
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price rebounded down to the trend line, thereby breaking the support level, which coincided with the support zone, but at once turned around and made impulse up, breaking the 60600 level one more time. After this, the price made a correction to this level and later continued to move up to...
Take a look at our analysis for GBPAUD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.923. Considering the today's price action, probabilities will be high to see a movement to 1.918. P.S Overbought describes a period of time where there has been a...
Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 71,059. The above observations make me that the market will inevitably achieve 68,589 level. P.S The term oversold refers to a condition where an asset...