https://www.tradingview.com/x/NWS5ZGBN/ Take a look at our analysis for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.562. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.534 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
? Bitcoin Update ? Bitcoin is currently forming a bearish flag pattern on the hourly timeframe, following a strong rejection at the $92,000 level. This consolidation suggests a potential continuation to the downside, but we're closely monitoring for a breakout either way. ⬇️ If the price breaks down from the flag, we could see further downside, while a breakout to the upside could challenge previous resistance levels. ? Stay alert and keep an eye on the key levels! Let’s see how this plays out. ?
https://www.tradingview.com/x/5Jw6n3it/ Please, check our technical outlook for AUDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 94.552. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 94.086 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
We can assume this Safe Zone won’t break out from the bottom, so let's trade accordingly.
Today, Bitcoin has experienced relatively limited price fluctuations, oscillating within a range of around 1,000 points. It has consistently failed to break through the resistance level of 84,000. However, I believe that after a period of retracement, it will make another attempt to breach the resistance level. We can wait for the retracement to go long. Trading strategy: buy@82600 TP1:83600 TP2:84500
-5740 +5745 12.72% gain in premium on cap invested, expecting a bearish week, also first 1 DTE of 2025.
Nifty greatly approach to 22000 and clearly respected it now due to low RR we are Ready for some kind of short cover which will be quick enough which will let you think to sell on high but the institution will go with buy the dips☠️☠️
... for a 26.68 debit. Comments: Taking a bullish assumption directional shot near 52 week lows, buying the 90 delta back month and selling a front month that pays for all the extrinsic in the long, resulting in a break even that is at or below where the underlying is currently trading. The 60 long call is shown at 80 so that it fits on the chart ... . Metrics: Buying Power Effect: 26.68 Break Even: 86.88 Max Profit: 3.32 ROC at Max: 12.44% 50% Max: 1.66 ROC at 50% Max: 6.22% Delta/Theta: 53.79/3.51 Will generally look to take profit on the setup as a unit at 50% max and/or roll out the short call at 50% max to reduce cost basis/downside break even. * -- Long Call Diagonal
Gold is super bullish right now but I am looking for shorts to bring market back to a balanced price range. Looking for a sweep of last weeks high then short to take this range we have created.
Nice push, expecting short term bullish push up, ride the wave and collect some $$$$$ Good luck