BITCOIN Will Go Up! Long!
Take a look at our analysis for BITCOIN.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 97,355.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 102,137 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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1-BUY
USDJPY Is Nearing The Uptrend Combined With The Daily Support!Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 151.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 151.500 support and resistance area.
Trade safe, Joe.
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t sold AFRM before the previous earnings:
Now analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2025-4-17,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMZN Amazon Options Ahead of EarningsIf you haven`t bought AMZN before the previos earnings:
Now analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 240usd strike price Calls with
an expiration date of 2025-2-7,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USOIL Is Going Up! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 72.211.
Taking into consideration the structure & trend analysis, I believe that the market will reach 74.793 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Will Grow! Long!
Here is our detailed technical review for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 158.366.
Considering the today's price action, probabilities will be high to see a movement to 161.846.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY Will Go Higher From Support! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 190.245.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL LONG FROM SUPPORT
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.
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GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
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.
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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 107.486.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 108.791 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,869.381.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,897.141 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EUR/AUD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.665 area.
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EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are targeting the 163.408 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/CAD is making a bearish pullback on the 10H 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 1.496 level.
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WED: CLASSIC BUY DAY - $2850s RANGEAs illustrated, im trying to visualize a bullish classic buy day, where price manipulates under consolidation area that is formed during SYDNEY .
The manipulation should occur between 02:00 AM and 03:00 AM NY , during ASIA'S algorithmic price delivery macros.
Should there be a "V" SHAPE formed between that time window , that would indicate that a manipulation took place, and price closed BACK INSIDE SYDNEY'S RANGE (Early hours of Asia's Low).
In other words, ASIA creates a range during its OPEN, and manipulates it mid-session.
That would hand off price to LONDON at a point in which:
A) It makes a re-test of Asia's manipulation low.
B) It FAILS TO HOLD and breaks even lower (manipulating further down).
C) It starts the distribution phase of such manipulation, breaking ASIA'S HIGH.
Regardless London's behavior, ASIA'S LOW MUST HOLD AND BE EVIDENT, marking the low of the day. That being said, IF LONDON DOES NOT START CLOSING BULLISH DURING IT'S FIRST TRADING HOURS, that could mean NY is likely to SELL OFF...
HOWEVER, if London HOLDS ASIA'S RANGE and respects the "V" SHAPE (which IS ALWAYS EVIDENT), then it is likely for NY to open strong to the upside to distribute and potentially driving the market near the $2850s new ATH range.
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GOOD LUCK!
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought the dip on GOOGL:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-2-7,
for a premium of approximately $7.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Now analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.