FX:CADJPY has shown signs of rejection near the 3 month resistance line. Oscillators are showing that CADJPY is highly overbought as well as candlestick patterns. We aim to open a short position in the range: 91.5-92. If you like this idea please like and follow us for some awesome ideas!!!
FX:USDCHF has shown signs of rejection in the vicinity of the 5-month bullish trendline. USDCHF also seems oversold, thus, we anticipate that USDCHF is likely to turn bullish for the medium term at least. If you like this idea please like and follow us for some awesome ideas!!! DISCLAIMER: ‘CFDs’ are complex financial products that are traded with leverage....
FX:EURNZD is likely to rebound from the downwards trendline that has formed since August 2021. The main reason we believe this will happen is that we can feel the rejection from the line, the pair is overbought and candlestick patterns showing signs of reversal. If you like this idea please like and follow us for some awesome ideas!!! Taking this opportunity...
FX:GBPUSD The GBPUSD pair went through a fake breakout following the Core Inflation Rate YoY news released on the 12th of January. This is confirmed by 2 things: 1. USINDEX has started to follow an uptrend following the fake breakout 2. Formation of the Long Upper Shadow pattern in the 1D time frame (highlighted in green). LUS pattern indicates a possible...
OANDA:NAS100USD has tipped down and formed a fake breakout of the ascending trendline that formed since November 2020. This fake breakout is supported by the bullish hammer that formed yesterday (circled in green). A Bullish hammer on support suggests that a nice bullish rebound is on the way. What's more? all indicators show that NASDAQ is highly oversold in the...
FX:GBPUSD has confirmed its rejection to the 6 month descending channel. With GBP fundamentals along with the global decline in GBP, we believe that GBPUSD is about to start a new bearish wave that may last for weeks. Adding to that, we also see that GBPUSD is highly overbought suggesting that correction is likely to push the price down to the lower bounds of the...
BITSTAMP:BTCUSD Following yesterday's idea about Bitcoin's reversal, we clearly saw a swift rejection of the 40K level with dragonfly doji (circled in green) yesterday! This clearly confirms that it is indeed an order block! We still have the chance of entering now because the P/L ratio would still be high! All oscillators confirmed that Bitcoin is highly...
has been rejecting the 40 ,000 level for a while now which is a very strong level. That level is a resistance turned support, which we believe is a great order block now. All oscillators indicate that bitcoin is highly oversold which brings into the picture that correction is coming very soon. Entry: 39,500-40,000 USD SL: 36,000 (if not lower) TP: 60,000 P/L...
has been rejecting the 40,000 level for a while now which is a very strong level. That level is a resistance turned support, which we believe is a great order block now. All oscillators indicate that bitcoin is highly oversold which brings into the picture that correction is coming very soon. Entry: 39,500-40,000 USD SL: 36,000 (if not lower) TP: 60,000 P/L...
UKOIL has shown clear rejection from the 83.06 solid resistance level. And with the global decline of OIL prices we believe that UKOIL too will continue for a TVC:UKOIL substantial decline for the next 1-2 months. Entry: 81.0-83.06 SL: 86.1 TP: 72.5 P/L ratio: 3X Taking this opportunity requires holding for at least 3 weeks if not more, but with patience, the...
FX:GBPNZD GBPNZD has been forming a bullish trend for the last 2 months until finally reaching a solid 1M resistance level. We believe that there will be a bearish reversal from that level, a substantial formation of a bearish trend that will continue for at least a month or so until reaching TP target. Entry: 2.0050-2.0100 SL: 2.0250 (at least) TP:...