eth midterm sell"🌟 Welcome to Golden Candle! 🌟
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SELL
Ethereum: Strong Bearish TrendHey Traders, in today's trading session we are monitoring ETHUSDT for a selling opportunity around 2000 zone, Ethereum is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2000 support and resistance area.
Trade safe, Joe.
BITCOIN Is Very Bearish! Sell!
Please, check our technical outlook for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 84,591.77.
Considering the today's price action, probabilities will be high to see a movement to 76,443.59.
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.
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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GBPJPY Will Fall! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 192.236.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.200 level.
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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AUD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/CAD right now from the resistance line above with the target of 0.904 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.
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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CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY 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 166.301.
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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SWING GBP/USD SELLThis swing trade highlights key points where additional sell orders might be initiated. Stay tuned for updates, as this trade will extend over several days, weeks, or even months.
This analysis relies on the provided image and should not be considered financial advice. Trading carries risks; it is essential to do your own research and seek guidance from a financial advisor before making trading decisions.
SWING EUR/USD SELLThis swing trade highlights key points where additional sell orders might be initiated. Stay tuned for updates, as this trade will extend over several days, weeks, or even months.
This analysis relies on the provided image and should not be considered financial advice. Trading carries risks; it is essential to do your own research and seek guidance from a financial advisor before making trading decisions.
Bitcoin: 84k is an Important Level.Hey Traders. in today's trading session we are monitoring BTCUSDT for a selling opportunity around 84,000 zone, Bitcoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 84,000 support and resistance area.
Trade safe, Joe.
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.
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.
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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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.
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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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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
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.
Like and subscribe and comment my ideas if you enjoy them!
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.
Like and subscribe and comment my ideas if you enjoy them!
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.
Like and subscribe and comment my ideas if you enjoy them!
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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