NZD/CHF BEARS WILL DOMINATE THE MARKET|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 0.521.
✅LIKE AND COMMENT MY IDEAS✅
Bearish Patterns
AUD/CHF SHORT FROM RESISTANCE
Hello, Friends!
AUD/CHF is making a bullish rebound on the 7H 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 0.569 level.
✅LIKE AND COMMENT MY IDEAS✅
SILVER BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 29.618 area.
✅LIKE AND COMMENT MY IDEAS✅
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83100 support and resistance area.
Trade safe, Joe.
GBPJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 190 area, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 190 support and resistance zone.
Trade safe, Joe.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05400 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.05400 support and resistance area.
Trade safe, Joe.
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Bearish trend on GOLD, 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 2,543.218.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.765 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 GBP/CAD pair.
✅LIKE AND COMMENT MY IDEAS✅
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.939 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD BEARISH BIAS RIGHT NOW| 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 9H 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 2.138 area.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/CHF is trending down which is obvious 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 of 0.929.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27600 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27600 support and resistance area.
Trade safe, Joe.
XAUUSD 1/12/24Heading into a new week with a fresh bias on gold, we maintain an overall short bias and aim to follow it. However, we are fully aware that the chances of gold moving long are relatively high. Because of this, we advise caution. Gold can be a challenging asset to trade due to its sensitivity to fundamentals and potential counter-bias movements.
Regardless, we stick to our data-proven ruleset. Currently, we are monitoring two key areas: the liquidity highs above the current price and the supply zone at the top of the last major high. These areas may offer good opportunities for a sell move. However, we are more inclined to see a sweep of a major high followed by a sell-off, aligning with our expected short bias.
Additionally, the upward-moving institutional average suggests that if gold begins to trade below this level, it could further support our anticipated downward move.
Trade safely, and stick to your plan and risk management strategy!
EURUSD 1/12/24As we enter the first week of December, our bias remains the same as last week—bearish. While the GBP/USD pair has shifted to a bullish bias, EUR/USD has yet to follow suit. As always, we track price based on our established bias.
From this chart, you can see several bearish targets in the form of liquidity lows. If we see a push higher, this may take price into the supply area above and toward the nearest liquidity high relative to the current price. At this stage, we will look for a clear sell setup to drive price back down toward the liquidity levels marked below.
If no pullback occurs and price moves lower, aligning with our bearish bias, we’ll look for liquidity highs to form and be taken out as we continue downward. Be aware of the demand zone sitting below the current price, as it may push the market back up if contacted.
For now, we remain bearish and focused on sell opportunities. Keep an eye on the daily bias, as it could shift if price holds higher within this range.
Trade safe and stick to your plan!
USOIL Breakout And Potential RetraceHey Traders, in tomorrow's trading session we are monitoring USOIL for a selling opportunity around 68.30 zone, USOIL was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 68.30 support and resistance area.
Trade safe, Joe.
NQ1! BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are targeting the 20,498.50 level area with our short trade on NQ1! 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✅
GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/CHF is making a bullish rebound on the 3H 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 1.116 level.
✅LIKE AND COMMENT MY IDEAS✅
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83300 support and resistance area.
Trade safe, Joe.
BTC KEY MOVE NEEDED BEFORE VALHALLABTC/USD Daily Chart
The key to Valhalla
Falling below 75k and staying below would be a major redflag.
A retest is needed of the 75k area is needed to reset oscillators and to confirm the strength of this bull trend before 100K+
Bearish divergence on the daily confirmed.
SPY SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SPY right now from the resistance line above with the target of 595.24 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 BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, 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 68.16 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅