EURUSD: Bearish Continuation & Short Signal
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.1159
Stop Loss - 1.1185
Take Profit - 1.1115
Our Risk - 1%
Start protection of your profits from lower levels
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Short
APPLE Massive Short! SELL!
My dear subscribers,
This is my opinion on the APPLE next move:
The instrument tests an important psychological level 228.20
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 - 224.49
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.
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WISH YOU ALL LUCK
DXY Is Bearish! Sell!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 100.412.
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 99.698 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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EURUSD Is Very Bearish! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.116.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.099 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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SPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the SPY 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 538.14 level.
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Salesforce (CRM): Potential bearish flag formingOne of our members asked for an analysis on Salesforce ( NYSE:CRM ), and we've taken a closer look at it. Initially, it's a bit challenging to see the full picture, but if our Elliott Wave count is accurate, we marked the end of wave (2) at $115.29 after establishing wave B, which was exactly between the 127.2% and 138% Fibonacci levels.
It appears that wave 1 was put in with a new high slightly above wave B, taking out the resting liquidity (likely due to profit-taking and closing of long positions). Following this, there was a 33% drop, and here's where it gets tricky. Normally, we would expect this decline to continue, suggesting that the current rise is merely a relief pump. However, wave ((a)) perfectly touched the HVN POC, which indicates a slight chance that this could be the bottom. That said, we still believe that a continuation down to the 61.8-78.6% Fibonacci level is more likely.
Zooming in on the blue-circled area, we notice a textbook bear flag pattern developing. While we don't typically trade based on chart patterns, it is difficult to ignore this one given its clear structure. It becomes even more significant if there is a wick above the upper trend line of the flag, which could trigger another sell-off by taking out the liquidation levels. Such a wick would also fully close the gap and enter our targeted area where we anticipate a possible reversal.
To be clear, we are not trading this bear flag pattern or the targeted area just yet. Instead, we are using this setup as a means to validate whether our bearish outlook is correct or not. We’ll continue to monitor the development closely and provide updates as we gain more clarity.
McDonald's (MCD): Time for a Correction!We predicted it back in March, and sometimes you have to give yourself a pat on the shoulder when things play out exactly as expected. A little over six months ago, we said that Wave (A) would likely hit $245.88, and what did we get? $244, which is less than a 1% difference from our target. After that, the stock surged by 24% to what now seems like another high.
Now we find ourselves back at the range high, and we must treat it with caution. Since March, we've been hoping for this exact scenario to unfold, but we're not ready to jump into a short position on NYSE:MCD just yet! The rise has been pretty strong, and we're seeing the RSI hovering around the overbought area. Given this price level, we could either see a smaller pullback before heading higher—possibly up to the 127.2%-138% Fibonacci extension—or NYSE:MCD could fall lower after losing the mid-range level.
In both scenarios, we would like to see lower prices as we still haven't concluded Wave II. We’ve zoomed in on the chart now, but whether we’re right or wrong, we’ll zoom back out to reevaluate when the time is right.
This serves as the perfect reminder that good things take time 🚀.
EURUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1159
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1115
Safe Stop Loss - 1.1185
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
QQQ A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 486.76
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 - 468.18
My Stop Loss - 497.10
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.
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WISH YOU ALL LUCK
NATGAS Trading Opportunity! SELL!
My dear friends,
My technical analysis for NATGAS is below:
The market is trading on 2.921 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.748
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPUSD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.3413
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 - 1.3389
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDUSD Will Fall! Sell!
Take a look at our analysis for AUDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.689.
The above observations make me that the market will inevitably achieve 0.676 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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CHFJPY Will Go Lower From Resistance! Short!
Please, check our technical outlook for CHFJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 169.213.
Taking into consideration the structure & trend analysis, I believe that the market will reach 167.705 level soon.
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!
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER 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 29.423.
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Good Risk to Reward Short on HENYSE:HE just finished a $558 million equity offering (Their market cap was around 1 billion), selling 54.05 million shares at $9.25 per share. They will use this to fund 1 of 4 payments for the Maui wildfires. The stock held pretty strong, but we also had a decently strong market last week. Considering the dilution and likely further share offerings it has a decent chance of maintaining it's low PE and with the new shares on board that would price it closer to 7.
The price action from this week gives us a really nice risk NYSE:HE reward setup, and we can either just stop over the wicks of the last 4 daily candles or if we want to swing for a longer move stop at the 20 ma.
CHFJPY Set To Fall! SELL!
My dear subscribers,
My technical analysis for CHFJPY is below:
The price is coiling around a solid key level - 170.13
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 169.05
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER What Next? SELL!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 32.019 pivot level.
Bias - Bearish
My Stop Loss - 32.765
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target -30.844
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURUSD: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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