GBPCHF: Expecting Bearish Continuation! Here is Why:
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 GBPCHF pair price action which suggests a high likelihood of a coming move down.
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Short
DJI - Dow Jones Industrial Target 40000sChart analysis can be simple.
We take our tools, surround them with rules and follow them.
The rules and the framework of the Medianlines are simple, but not easy to follow every time.
The Shiff-Fork catches the resistance and support very nicely. Especially at the Center-Line.
Above the Upper-Medianline-Parallel, at the extreme where the stretch became clear, price had a job to to do, to trade up to the Warning Line. But it failed twice so far.
When price fails to trade to the next line, comes back into the Fork, Chances are >90% that we go to the Center-Line. The first time, it failed (10% fail). The second time, with these market sentiment, I'm even more convinced to follow the rules.
Target at the Center-Line around 40'000ish.
RUT - Russle signals a drop to 1900ishThe white Pitchfork was guiding us to the Center-Line. As so often, price is turning at this level, just to reach the opposite side.
It's the same game every time.
Just follow the rules, apply a good risk and money management.
The down-sloping red Fork projects the current most probably path of price to the downside. And of course our profit target, which is the red Center-Line.
The signal is the break, the close below the shelf, the tiny support, marked by the petrol horizontal line.
Trade wisely, trade without attaching your emotions. It just is what it is, whatever the outcome will be. Knowing this, you can embrace inner freedom in trading.
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.210 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/JPY with the target of 187.757 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.
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$BTC - Wait For $85,000 BuysRE: BTC Under $100k, Where Do I Buy?
Hello Friends,
For those of you looking to capitalize on Bitcoin BITSTAMP:BTCUSD you may want to add to your position, or start accumulating for the first time.
My ideal entry will be at $85,158.42
Check out this link for my BTC Exit Strategy:
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area.
Trade safe, Joe.
SPY A Fall Expected! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 609.70 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 - 600.34
Recommended Stop Loss - 615.13
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
EURAUD What Next? SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6631 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6523
Safe Stop Loss - 1.6677
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GOLD The Target Is DOWN! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2949.5 pivot level.
Bias - Bearish
My Stop Loss - 2954.4
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2940.5
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
GBPNZD Is Bearish! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.217.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2.209 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.896.
The above observations make me that the market will inevitably achieve 0.891 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the SILVER 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 29.766 level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.614 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 AUD/USD pair.
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The EURCAD currency pair has reached a critical resistance levelThe EURCAD currency pair has reached a critical resistance level at 1.505, signaling an opportunity for selling.
From technical side
This pair has recently encountered strong resistance near the 1.500-1.505 area, where it has failed to break above these levels multiple times.
RSI has consistently been overbought territory above the 70 level. Euro is now overextended and due for a pullback.
From fundamental side
Recent economic data from the Eurozone has shown signs of slowing growth, with inflationary pressures remaining above the European Central Bank's target, potentially leading to a more dovish stance in future monetary policy.
On the other hand, Canada's economic outlook has been more resilient, with solid GDP growth, rising oil prices, and an increasingly hawkish tone from the Bank of Canada.
First Target: 1.498 area being 0.382 retracement level
Second Target: 1.493 area being 0.618 retracement level in conjunction with previous top