EliteTradingSignals

EliteTradingSignals

Hello, Friends! GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,840.287 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✅

EliteTradingSignals

Hello, Friends! EUR/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. 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 1.665 area....

EliteTradingSignals

Hello, Friends! We are targeting the 163.408 level area with our long trade on EUR/JPY 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

Hello, Friends! EUR/CAD is making a bearish pullback on the 10H 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 1.496 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello, Friends! Previous week’s green candle means that for us the USD/CHF 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 0.905. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 30.622. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand...

EliteTradingSignals

Hello, Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, 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 106.159 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...

EliteTradingSignals

Hello, Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. 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...

EliteTradingSignals

Hello, Friends! We are going long on the AUD/JPY with the target of 98.524 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! We are now examining the NZD/JPY 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 88.996 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! The BB lower band is nearby so CHF/JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 169.720. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! Previous week’s green candle means that for us the USOIL 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 71.64. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.773 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/CAD pair. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals Updated 

Hello, Friends! CHF/JPY is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 169.820 level. ✅LIKE AND COMMENT MY IDEAS✅

EliteTradingSignals

Hello, Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 30.534 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...

EliteTradingSignals

Hello, Friends! GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H 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 2.158...

EliteTradingSignals

Hello, Friends! We are going short on the GBP/CHF with the target of 1.112 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✅