Monthly chart shows one thing. STRONG rejection. And where there's a strong rejection, there's a chance of a price reversal. How does this coincide with what we are looking for? Well, August monthly candle did not have a top wick. If we can get a top wick created for the previous months candle then September SHOULD see a sell off going into the end of 2023....
Hello,Traders! SILVER has been growing Lately and looks oversold So as we are seeing a failure to Break the falling resistance and A nice bearish reaction from it I think that we will see a Local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Final pair for this Sunday evening is GU now as per our other USD related pairs we can see the news range clear as day, this again is a very telling sign as to what we want price to do within this range but as always we are not going to jump in head first, and we are using the new POI as we always do with caution! Iam overall thinking we are most likely going...
UC has carried is bullish trend over again into another bullish swing trade setup so we have reason not to follow this into higher prices, now we do have a direct correlation with our other USD pairs as we are now shifting bullish so really expecting the same as the last few markups we dropped, overall C-swing poi already showing us a clean move lower so we now...
Here on nas100 we have a bearish swing range with a nice collection on confluences, firstly the range is a strong sell range, secondly we have clear IMB and FVG to show us directional strength and power, we also have a clear NY open POI which as discussed in previous posts can provide sone great POIs overall, we know of course that this POI/RANGE was given to us...
Hello,Traders! DXY will fall after it Hits the horizontal Resistance level of 104.62 Because the index will be Locally overbought at this point Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! It makes sense for us to go short on NG1! right now from the resistance line above with the target of 2.448 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✅
Hello,Friends! Bearish trend on AUD/USD, 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 0.635. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.077. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.068 level. P.S The...
Hey Traders, in tomorrow’s trading session we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, NZDUSD 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 0.59600 support and resistance zone. Trade safe, Joe.
Hello everyone! AIHermes today identified the coin AVAX on the short list with a level of 9.89 Entry model - breakout! Leverage 10-20X Stop short. We see a long accumulation and a gorgeous squeeze! 1st target 9.75 Trade with us, trade better than us! Today: 13 coins on the short list 16 coins on the long list. A lead in the long zone. The full list of coins is...
btc is primed to make new lows this year, all the ETF talk is about to catch a lot of traders and hodlers off-guard...stay safe frens
✅DXY is going up to retest a horizontal resistance of 104.625 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 103.912 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-USD is trading in a Downtrend and the pair already Made a pullback from the Horizontal resistance of 0.6000 And is going down so I am Bearish biased and I think that We will see a retest of the Local support below at 0.5900 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1908.740 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 GOLD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 144.767 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Take a look at our analysis for ETHUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1632.9. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1527.7 level. P.S We...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD 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 0.64700 support and resistance zone. Trade safe, Joe.