EliteTradingSignals

EliteTradingSignals

Hello,Friends! It makes sense for us to go short on USOIL right now from the resistance line above with the target of 73.84 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✅

EliteTradingSignals

Hello,Friends! Bullish trend on NZD/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 96.668. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 172.716 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.746 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals Updated 

Hello,Friends! EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.621 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...

EliteTradingSignals Updated 

Hello,Friends! We are going short on the GBP/AUD with the target of 1.903 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✅

EliteTradingSignals Updated 

Hello,Friends! GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H 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 2338.176...

EliteTradingSignals

Hello,Friends! GBP/NZD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2.085 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.142 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! We are targeting the 30.913 level area with our long trade on SILVER which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! Previous week’s green candle means that for us the GBP/USD 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 1.260. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! EUR-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.979 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! Bearish trend on BITCOIN, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 66260. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello,Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 1.481...

EliteTradingSignals Updated 

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 522.97 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 195.915 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.363 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✅

EliteTradingSignals

Hello,Friends! We are now examining the USD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.904 level. ✅LIKE AND COMMENT MY IDEAS✅