EURGBP: Bearish Continuation & Short Trade
EURGBP
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURGBP
Entry Point - 0.8579
Stop Loss - 0.8594
Take Profit - 0.8551
Our Risk - 1%
Start protection of your profits from lower levels
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Shorts
GOLD: Short Signal with Entry/SL/TP
GOLD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 2171.9
Stop Loss - 2186.9
Take Profit - 2144.4
Our Risk - 1%
Start protection of your profits from lower levels
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CHFJPY Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 170.37
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 169.45
Safe Stop Loss - 170.92
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
NZDJPY: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move down.
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Gold Market Analysis: Potential Pullback Ahead (read caption)Gold prices recently surged to a high of 2194 but failed to sustain above this level, subsequently retracing to 2150. Currently, the market stands at 2146, suggesting potential for a pullback in the near term.
Technical Analysis:
1) Resistance Levels: The recent high of 2194 marks a significant resistance level, indicating the strength of sellers in the market at this point.
2) Support Levels: The market found support at 2150, which was subsequently broken, leading to further downside to 2146.
3) Potential Pullback: Anticipate a pullback towards the range of 2150-2154 before potential downward momentum resumes.
4) Target: A downside target of 2116 is identified, reflecting the potential for further bearish movement in the market.
5) Stop Loss: Risk management is crucial, with a recommended stop loss at 2175 to mitigate potential losses if the market reverses unexpectedly.
Potential continuation of the short on ETHOn ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak.
Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%.
There is still room for another decline on the RSI, while on the STOCH indicator there is a visible upward movement that has encountered resistance lines, which may reverse the movement again.
Leave a comment if you like the analysis, I wish you fruitful shopping ;)
GBPCHF What Next? SELL!
My dear subscribers,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1300 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1272
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
BITCOIN ready for correction at $66.000BINANCE:BTCUSDT 4H chart is performing amazingly over the last period. We have reached a new ATH even before halving.
As we can see in the chart during the last hours we are seeing a consolidation happening. The price has stopped increasing - we are stuck around FWB:73K but the volume seems to be still on a high level.
In my opinion we are going to see a correction in the price in the next few days, before the halving event. The first test will happen on $66k which will show us if new analysis is needed.
If the price remains above $70k and we reach the halving even then new analysis is needed, and most probably the price will rise to $85k.
Note: Before the halving events in the past, the price always was dropped. In this market, we are experiencing an uptrend before the halving event, which means that most propably the price is going to be corrected before the halving event.
GBPUSD (4h) analysis (read caption)GBPUSD pair within a parallel channel. With GBPUSD currently at 1.2722, anticipate a pullback to either 1.27380 or 1.27440, which are resistance zones. If the market fails to break through these zones, expect a downturn towards the demand zone at 1.26560. I suggest setting a stop loss at 1.27700 to manage risk. Remember to monitor the market closely for any changes in price action.
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EURGBP Will Collapse! SELL!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8557 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 - 0.8550
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
Eurusd 4h analysis (read caption)- EUR/USD is currently at a resistance zone.
- i anticipate a market downturn towards my demand zone.
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- Resistance levels are at 1.08939 and 1.09082.
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- my demand zone level from 1.08628 to 1.08503.
- i've set a stop loss at 1.09238.
My strategy seems to involve selling or shorting EUR/USD as it approaches the resistance zone, with the expectation of a downward movement towards the demand zone. Remember to monitor the market closely and adjust your positions accordingly based on new developments.
EURNZD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.7890
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 - 1.7760
Recommended Stop Loss - 1.7962
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
USDJPY: Short Trade with Entry/SL/TP
USDJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short USDJPY
Entry Point - 149.08
Stop Loss - 149.70
Take Profit - 147.99
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 80.97
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 - 79.55
My Stop Loss - 81.80
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
USDCHF: Bearish Continuation & Short Signal
USDCHF
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USDCHF
Entry Level - 0.8836
Sl - 0.8857
Tp - 0.8797
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCHF What Next? SELL!
My dear friends,
Please, find my technical outlook for AUDCHF below:
The instrument tests an important psychological level 0.5809
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 - 0.5768
Recommended Stop Loss - 0.5827
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
GBPJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The instrument tests an important psychological level 189.81
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 - 189.52
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