BITCOIN BEST PLACE TO SELL FROM|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 82,814.63
Target Level: 81,400.41
Stop Loss: 83,754.73
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SELL
NZD/JPY BEARS ARE STRONG HERE|SHORT
NZDJPY SIGNAL
Trade Direction: short
Entry Level: 85.167
Target Level: 84.161
Stop Loss: 85.834
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD/JPY SHORT FROM RESISTANCE
Hello, Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 102.749 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 93.209 area.
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EURUSD Will Go Lower! Sell!
Here is our detailed technical review for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.085.
The above observations make me that the market will inevitably achieve 1.077 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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GBPUSD Will Go Down! Short!
Take a look at our analysis for GBPUSD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.293.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.284 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPCAD Will Move Lower! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.865.
Considering the today's price action, probabilities will be high to see a movement to 1.822.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDJPY Is Going Down! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 147.816.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 146.645 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 2,935.89
Target Level: 2,901.34
Stop Loss: 2,958.85
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9H
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
GBPCAD SIGNAL
Trade Direction: short
Entry Level: 1.864
Target Level: 1.808
Stop Loss: 1.901
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the GBP/JPY with the target of 186.545 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the GBP/NZD 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 2.240 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/AUD BEARS ARE STRONG HERE|SHORT
GBPAUD SIGNAL
Trade Direction: short
Entry Level: 2.059
Target Level: 2.019
Stop Loss: 2.085
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9H
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/CHF SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so GBP-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 1.135.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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