GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30300 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30300 support and resistance area.
Trade safe, Joe.
Short
Chart Idea - Bearish Setup on YM1!E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement.
Entry - 42950-43000
SL - 43600
TP1 - 42000
TP2 - 41000
We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November.
Not a financial advice !!
GOLD Massive Short! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2743.3 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2736.6
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
GBPUSD: Bearish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the GBPUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
❤️ Please, support our work with like & comment! ❤️
US30 Is Bearish! Sell!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,838.04.
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 42,226.86 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.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN Is Very Bearish! Short!
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 74,723.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 64,959 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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD about to crash? GOLD losing it's bullish sentiment. Lost it's Wedge, RSI had bearish divergence, All indicators flipping bearish, losing key EMA's.
If this happens, it would probably mean that people selling gold and getting in crypto/stocks as USA have elected Donald J. Trump as new president, all markets expecting pump, therefore Store of Value assets should be going down for about a year from now.
E: $2665
SL: $2705
TP: $2300 to $2000
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 66.06 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.
✅LIKE AND COMMENT MY IDEAS✅
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.658 level.
✅LIKE AND COMMENT MY IDEAS✅
NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on NZD/USD right now from the resistance line above with the target of 0.595 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.
✅LIKE AND COMMENT MY IDEAS✅
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 175.208 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.
✅LIKE AND COMMENT MY IDEAS✅
Dollar index remains under 105.00The dollar index has been losing its previous bullish momentum for a couple of days now, encountering resistance in the 104.50-104.70 zone. This resistance coincides with the resistance from the end of July.
From this morning, we see a pullback to the 104.00 level and a hint of a turn to the bearish side. The first target is the EMA 200 daily at 103.40. If the support is not enough, the index could continue up to 102.00.
Maybe this pullback will be short-lived, and we will see a return to the bullish side again. We will be looking at a jump from 105.00 to a new four-month high.
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07800 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07800 support and resistance zone.
Trade safe, Joe.
EURO - Price can enter to resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew inside rising channel, where it broke $1.1070 level and rose to resistance line.
Then price made a correction, after which continued to grow, but when it reached resistance line again, EUR turned around.
After this, price started to decline inside pennant, exiting from channel as well, and also soon broke $1.1070 level.
Next, price fell until to support line, which coincided with $1.0760 level and at once bounced up.
Euro rose to resistance line of pennant and then made downward impulse, exiting from pattern and breaking $1.0760 level.
Now, I think that price can grow to resistance area, where it reaches resistance level, and then bounce down to $1.0550
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold can reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price declined to the support level, which coincided with the support zone and broke it, after which started to trades between this level. Later, Gold rebounded from this level and dropped to the trend line, after which started to trades inside the upward channel, where it soon reached the 2655 support level and broke it again. Also, the price made a first gap, after which continued to move up to the resistance line of the channel, and even reached the resistance level, which coincided with the resistance zone. After this, Gold dropped a little and then continued to move up to the resistance level, making a second gap inside the upward channel. When the price reached the 2755 level, it broke it and rose a little more, after which turned around and dropped. Price exited from the channel and broke the trend line too, after which made a retest and now it declined. For this case, I expect that XAUUSD will grow to a resistance level and then start to decline. Therefore I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can grow a little more and then make correctionHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined from the buyer zone and entered the wedge. In this pattern, the price rebounded up to the resistance line from the support line, after which made a correction and then in a short time rose back, breaking the 67100 level. Then price exited from the wedge and continued to grow to a current support level, which coincided with the support area and when it reached this level, BTC broke it. Then it little grew and turned around, after which started to decline inside the downward channel, where it broke the 72100 level and fell until to the 67100 support level. After this movement, the price made a strong upward impulse to the current support level, exiting from the channel and soon breaking the 72100 level too. Next, the price made a retest and continued to move up, but a not long time ago it turned around and little declined. For this case, I think that BTC can grow a little more and then make correction to the 72100 current support level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
GBPCHF Set To Fall! SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1277 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1230
Safe Stop Loss - 1.1309
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
DXY Will Go Lower From Resistance! Sell!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 105.033.
Taking into consideration the structure & trend analysis, I believe that the market will reach 103.770 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
EURCHF Will Go Lower! Short!
Take a look at our analysis for EURCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.939.
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 0.938 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!
AUDUSD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6633
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6588
Safe Stop Loss - 0.6665
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURCAD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5115
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.5050
My Stop Loss - 1.5151
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
SILVER Is Bearish! Short!
Take a look at our analysis for SILVER.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 32.634.
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 30.996 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.
Like and subscribe and comment my ideas if you enjoy them!