Short
APPLE Trading Opportunity! SELL!
My dear friends,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 227.20 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 224.44
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 105.886.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 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.
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GOLD Will Go Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,664.030.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2,633.716 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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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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GOLD - Price can reach resistance area and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price moved up inside rising channel, where it broke $2725 level and later made a gap.
After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel.
Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern.
Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points.
Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level.
In my mind, Gold can reach resistance area and then continue to decline to $2600
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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.
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.
#BTC #BTCUSD #BTCUSDT #Bitcoin #Short #BigShortSetup #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Short #ShortSetup #BigShortSetup #Eddy
In the weekly time frame, with the third hit to the red trend line, In the price range of $90,000 to $90,500, we will enter into the big short bitcoin trades with confirmation and we will accompany it to the specified targets.
EURUSD A Fall Expected! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0904 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0862
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Euro can little grow more and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades inside the wedge, where it at once broke the 1.0790 level, which coincided with the seller zone but soon backed up to this area. Then the price continued to move up and later rose to 1.0840 points, but then EUR made a correction to support line of wedge. Then price turned around and started to grow to a resistance line of a wedge pattern and even made a gap, after which it exited from the wedge and turned around. Then prices made a downward impulse inside the triangle to the resistance area, breaking the 1.0790 level. After this movement, the EUR turned around and in a short time rose to the seller zone, after which turned around and dropped back. Also recently, the price broke the 1.0680 level and now it trades very close to the support line of the triangle pattern. In my opinion, the price can make move up to the resistance area and then continue to decline, even exiting from the triangle pattern. Therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
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.
HelenP. I Bitcoin can rise a little and then make correctionHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line and then started to grow near this line. Some time later, the price broke this line and fell below, after which it continued to move up between the trend line. Then BTC broke the 2nd support level (65500) and rose a little more, after which made a correction to this level, breaking the trend line one more time. Later, price turned around and quickly rose to the trend line, broke it, and then reached support 1. After this movement, BTC made a correction below the trend line and when the price fell to 67200 points, it turned around and made a strong impulse up, breaking the trend line with 1st support level. Next, the price made a few correction and continued to move up. Now, I expect that BTCUSDT will grow to 83500 and then make a correction movement. For this case, I set my goal at 78500 points. If you like my analytics you may support me with your like/comment ❤️
GBPJPY Will Move Lower! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 197.995.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 193.732 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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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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