Bearish Patterns
GOLD SELLERS WILL DOMINATE THE MARKET|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 2,532.880.
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USD/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.393 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 USD/CAD pair.
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USD/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 154.148 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.06200 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 retrace area at 1.06200 support and resistance zone.
Trade safe, Joe.
Gold Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2640 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2640 support and resistance area.
Trade safe, Joe.
SILVER SHORT FROM RESISTANCE
Hello, Friends!
We are targeting the 30.477 level area with our short trade on SILVER 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.
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ADA: Planting Seeds of Opportunity Hello Team,
Cryptocurrencies have been in a sustained bear market. Altcoins such as ADA are down almost 92%.
Looking at ADA (Cardano) you can see we are forming a falling bullish wedge indicating a possible break out in the horizon.
For long-term investors that believe in the future of cryptocurrencies now would be a good time to start planting some small seeds as most cryptocurrencies are down a significant amount.
USOIL Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 67.70 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 67.70 support and resistance area.
Trade safe, Joe.
GOLD Outlook for the week of Sun. Nov. 17, 2024I'm firm on my bias that we have capped the high of the year as it pertains to Gold and Silver. With the past week having accomplished the -2SD Draw on price, things are moving according to plan. My overall objective remains the same, as I believe price is headed to 50% yearly retracement and or -4SD selloff. Sells still look very good up until that point. Let me know your thoughts as well. Bless.
NG1! SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the NG1! 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 2.135 level.
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EURGBP Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84100 support and resistance area.
Trade safe, Joe.
NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a potential downsides around 0.82900 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.782 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 EUR/NZD pair.
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EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/AUD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.633 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 163.437 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.
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AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD 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 1.472 level.
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USD/CHF SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so USD-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 0.876.
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$BTC about to top-out?Not exactly sure where we will turn around, but RSI looks almost identical to last cycle, just ~30% shorter cycle?
It kind of looks like the move is manipulated this time? Might be because billionaires buying off-market through Coinbase way more this time than last time.
Also the lower 30k's looks attractive even tho I hardly doubt we will go there, except we starting bear market early this time. If price retrace to 30k to 40k - chart would print Inverse Head&Shoulders, at around 28k there is 3 White Soldier pattern on weekly chart, that act as strong support, wouldn't be surprised if we dip to those levels for a day or two if we get black swan event.
If we still in bull market then price should't go below ~80k. And correction of this size would start altcoin season.
This is weekly chart so of course no actual telling will this happen this week or 10 weeks later, just an interesting look. And RSI might lose it's bearish div if we pump enough.
Everyone saying BTC will go to over 120k or even over 300k, this dump would be something beautiful for new entries.