looking for sell around this area in London session...
Hello How are you? Bitcoin grew well, but other currencies lagged behind If the pattern that has formed is complete, we will see multi-fold growth for many currencies.
https://www.tradingview.com/x/lx5NOjWs/ Please, check our technical outlook for SPX500. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 6,125.45. Taking into consideration the structure & trend analysis, I believe that the market will reach 6,020.86 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
OP/USDT: Gearing Up for a Breakout Above Trendline Resistance OP/USDT is shaping up for an exciting move ? as it approaches a critical trendline resistance zone ?. The price has been consolidating tightly, creating the perfect setup for a potential breakout ?. If the breakout happens, we could see a strong bullish trend unfold ?. Keep a close eye ? on this pair and wait for confirmation before acting. Key insights: 1. Trendline resistance: OP/USDT is approaching a long-standing trendline that has previously acted as a barrier. A break above this could mark the start of a strong upward move. 2. Volume surge: Watch for a significant increase in trading volume during the breakout to confirm buyer strength ?. 3. Bullish signals: Momentum indicators like RSI and MACD are trending positively ⚡, supporting the case for a bullish breakout. Steps to confirm the breakout: Look for a clear 4H or daily candle closing above the trendline ?. A noticeable spike in volume during the breakout can signal strong buying activity ?. A retest of the broken resistance as a new support zone adds credibility to the move ✅. Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️. Risk management strategies: Use stop-loss orders to manage your risk effectively ?. Ensure position sizing aligns with your overall trading strategy ?. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) ? before making investment decisions.
Price is moving in an ascending price channel on the bigger time intervals Price is also currently consolidating between our supply and demand areas Waiting for price to decline again at supply before going short And a breakout of our current support level can also push price lower towards demand levels.
https://www.tradingview.com/x/hDandBOP/ Here is our detailed technical review for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2,933.30. Considering the today's price action, probabilities will be high to see a movement to 2,963.64. 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/16ZSvLiZ/ Take a look at our analysis for EURUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.046. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.054 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
? GBP/NZD - H1 Analysis & Prediction for 14/02/2025 ? H1 Supply Zone: No clear supply zone identified in this setup. ? Demand Zones: 2.20092 - 2.20189, 2.19480 - 2.19701 (A++ Trade Zone) ? Possible Scenarios: 1️⃣ Bullish Rejection: If price holds above 2.20092 - 2.20189, we could see a strong move towards higher levels. 2️⃣ Deeper Retracement: If price dips further into 2.19480 - 2.19701, this A++ zone could provide a solid buying opportunity. ? Trading Plan: ✅ Watch 2.20092 - 2.20189 for potential bullish reactions. ✅ Stronger confirmation at 2.19480 - 2.19701 for high-probability long entries. ✅ A confirmed break below 2.19480 could indicate further downside risk. ? Stay ahead in the market! Join our WhatsApp channel for live updates. ?? #FXFOREVER #GBPNZD #ForexTrading #SmartMoney #PriceAction #Forex
https://www.tradingview.com/x/oSKkEH2g/ Please, check our technical outlook for AUDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.571. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.568 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. Like and subscribe and comment my ideas if you enjoy them!
Hey! Do you think we should buy or sell GBP/USD? I prefer trading on the short-term chart, and currently, the pair is moving around 1.2560, continuing its multi-day recovery. Technical indicators favor buyers. The uptrend line, combined with the wedge pattern, further reinforces this bullish outlook. ? My strategy: I plan to buy once GBP/USD completes a correction after touching the trendline boundary. ? The trend details are highlighted on the chart. What’s your take on this pair? Let’s discuss!