Hello,Friends! Previous week’s green candle means that for us the NZD/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 0.612. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going short on the CHF/JPY with the target of 170.508 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✅
Hello,Friends! CAD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.653...
H1 trendline is channelling uptrend and zone supply and demand is to use for entry scalping. SL 30 pips above/below supply and demand area. Depends on the price action in the zone area.
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 103.995. Considering the today's price action, probabilities will be high to see a movement to 105.026. P.S Overbought describes a period of time where there has...
Please, check our technical outlook for EURCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.953. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.950 level soon. P.S Please, note that an...
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2032.644. The above observations make me that the market will inevitably achieve 2024.505 level. P.S Overbought describes a period of time where there has been a...
Gold is currently trending within a falling channel, with the upper resistance indicating an upcoming drop towards the 1980 level, in the short term. For a bullish trend to emerge, gold would need to break out of this channel and surpass the upper horizontal resistance. In my opinion, Gold's price will drop towards the lower support level. Stay tuned for further updates.
Thank you for reading this update. AR seems to have entered a new volume trend that could get new confirmations in new time frames. The data frame shows an interesting view of AR
Very important to wait for a clear break and retest of which direction the market is going to move. this is the 30m timeframe. entrance would be at a 15m timeframe but we have to wait for a break of structure and retest. patience is key here. no rush. trade can go either direction so we have to wait for a higher probability setup. Most people are buying now...
At a major resistance zone. supply area great risk to reward setup. i would wait for pre london session for a more clear reversal patter as we can still easily break above. entering now would present the best risk to reward setup. but the probablity is not as high as we can get later on before london session. 1:7 risk to reward
CAD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/USD Long Minimum entry requirements: • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch...
BUY ABOVE - 46100 SL - 45930 TARGETS - 46300,46450,46560 SELL BELOW - 45930 SL - 46100 TARGETS - 45730,45570,45330 NO TRADE ZONE - 45930 to 46100 Previous Day High - 46750 Previous Day Low - 45930 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22060 SL - 22020 TARGETS -22120,22170,22230 SELL BELOW - 22940 SL - 21990 TARGETS - 21890,21850,21800 NO TRADE ZONE - 21940 to 22060 Previous Day High - 22230 Previous Day Low - 21940 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 5076 SL - 5070 TARGETS - 5081,5088,5100 SELL BELOW - 5057 SL - 5062 TARGETS - 5047,5039,5032 NO TRADE ZONE - 5057 to 5076 Previous Day High - 5076 Previous Day Low - 5057 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
Despite the challenges gold is facing in a high interest rate environment The precious metal will remain stuck in its current range until the market knows for sure when the Fed will cut interest rates. Gold's short-term direction will continue to depend on upcoming economic data and their impact on the USD, yields and, not least, interest rate cut expectations. A...
The world gold market is quiet as investors are waiting for important reports this week. It is expected that the personal consumption expenditure index (PCE) report, which is expected to influence the interest rate direction of the US Federal Reserve (Fed), will be published today. In recent statements, Fed officials left open the possibility that the US Central...
CKB 4hr time frame with bullish divergence must break resistance zone ( 0.018014 / 0.017249 ) 4hr Candle MUST close ( on the 4hr time frame ) above top of zone mentioned possible entry around 0.018488 1st target 0.023654 white circles = entry ideas this is a scale in trade idea stop loss 0.016796 This is for ENTERTAINMENT purpose Only. Not Financial...