USD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so USD-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 152.850.
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Bearish Patterns
Previous Continuation of BEARS ( GBP news push Market )Bearish Market price action market was in consolidation and continues into bearish trend based on news, still have yet to see a true pullback to 38.2% or Higher. Alot of News on USD and GBP , but also weaking towards inflation and a lot of dollar strength coming from the dollar. IF market continue to print lower highs and lower lows are a sign of bears any exhaustion to the low represent bullish pressure.
AUDUSD Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65700 support and resistance area.
Trade safe, Joe.
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 108.755 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 90.022 area.
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CAD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CAD/CHF with the target of 0.623 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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Bitcoin: 2024-2025 Will Be Bullish!!!We are observing Bitcoin here on a much bigger time scale and also from different perspectives.
We all know about four corners of the market or Wall St. Cheat Sheet Psychology of a Market Cycle. But here we have combined all the knowledge, and we see a beautiful view.
As you are all aware, each halving has begun with a nice bullish market, followed by a bearish market cycle, a nice accumulation, expansion, and then another reaccumulation.
With that being said, we are still 4 months away (around 127 days) from the next halving, and recently we witnessed a nice expansion phase that resulted in a ROI of 175%. This is more than enough for the expansion, which means we are going to enter very soon into the reaccumulation phase.
But be careful; this time more people might get greedy and have a FOMO due to the huge exposure to crypto and bitcoin we have had for the last year.
Pepsi Co to test 157$ resistance, what's next?Pepsi co had a steady bull run from March of 2020 to May 2023, where the price doubled in a span of three years after testing it's long term support line in March of 2020 at 100$.
Since May 2023, the price is in a downtrend and even Trump pump did not help it!
Currently price is about to test its short term resistance at 157$. This price coincides with 0.382 fibonacci retracement level. If the price holds there, there might be a chance for Pepsi co to break out of the downtrend and start a bull run.
However, if the resistance does not hold and price fall below 150$, we are probably going to test the long term trend line (green line) which has been a support since market crash of 2009. If that happens, then we will be looking at prices around 130$ per share. This price is retracement level of 0.618 of fibonacci level.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66100 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66100 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.29400 support and resistance area.
Trade safe, Joe.
AUD/CHF BEST PLACE TO SELL FROM|SHORT
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 0.571.
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NZD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the NZD/CHF 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 0.513.
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GBP/AUD SHORT FROM RESISTANCE
Hello, Friends!
GBP-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.925 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/AUD pair.
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BTC arriving at BIG resistance, early! but....I am bearish BUT, with bullish optimism and a possibility of big a big bull, based on current market momentum. This is actually a great place and likely place for it to pull back based on its prior pattern, but this momentum could prove otherwise. I am marking this neutral and no one wants to review neutral reviews they want to see bull or bear. The thing is we are at a pivotal point that will make the case for either a prolonged bull or bear market. I am not sure if we will break out or break down but I have painted the picture of how we are at that point right now. I will post again bull or bear once it seems to have committed to one or the other but otherwise just keep your eye on the trend lines.
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Here we are around $1000 less of $82.5k and we got here early. We are likely to have resistance here but breaking this line would be really significant and likely signal a parabolic crypto market to come, massive. The odds would put it at pulling back here as it has already twice in the past 4 years, and at minimum some resistance where it can consolidate potentially all the way up until late Dec before making a decision. It may still be December, but really the market feels like it might have enough fire to push through it real soon.
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Order books have actually been fairly range bound all year, we are at the high end but its nothing that screams some large increase in participation of day trading. Per CoinMarketFlow, global order books are around a -10% ratio on a 1d candle average at above 10% depth of market. This is actually ideal as it represents day traders with limit orders that expect the price to rise and less that expect it to fall. This is bullish ATM.
I have been seeing lots of alts breaking resistance and converting it to support, lots of chance for jumps. Right now seems like a day traders paradise with 25%-50% sometimes 100% runs in a single day, from lower liquidity, low circulation coins especially. Right now the fire of the market makes me think we may break the resistance and truly fly to the moon. But the fact that order books have only grown by about 10%-15% or so over the last year, does make me question the durability of the run without more gas for the fire so to speak.
If BTC breaks that 82.5k and proves it as support, it is as bullish as it gets, like hyperbolic potential. On the other hand, if we resist here again, as usual, then it could be a lot of prolonged pullback with a potential absolute low between $30k-$40k probably - based on this chart you are looking at now and considering a pullback like it did the last two times.
So its more of a bearish layup that looks like it has the possibility to convert bullish. I would caution to be vigilant at or near this line and let it choose first before taking any real action.
As usual DYOR but consider this trendline as one of your many things to watch to help you make more informed decisions.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59900 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59900 support and resistance area.
Trade safe, Joe.
GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H 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 1.121 area.
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