EliteTradingSignals

USOIL SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! We are targeting the 70.07 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅

EUR/GBP BEST PLACE TO BUY FROM|LONG Hello,Friends! We are now examining the EUR/GBP 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 0.862 level. ✅LIKE AND COMMENT MY IDEAS✅

USD/CHF BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! The BB upper band is nearby so USD/CHF 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 0.896. ✅LIKE AND COMMENT MY IDEAS✅

NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT 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 0.598. ✅LIKE AND COMMENT MY IDEAS✅

NQ1! BEARISH BIAS RIGHT NOW| SHORT Hello,Friends! NQ1! uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 14201.50 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 NQ1! pair. ✅LIKE AND COMMENT MY IDEAS✅

EUR/CAD BULLISH BIAS RIGHT NOW| LONG Hello,Friends! EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.487 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅

AUD/USD BEST PLACE TO SELL FROM|SHORT Hello,Friends! AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 0.655 area. ✅LIKE AND COMMENT MY IDEAS✅

EUR/USD BUYERS WILL DOMINATE THE MARKET|LONG Hello,Friends! We are going long on the EUR/USD with the target of 1.072 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✅

Exploring Leverage in Gold and Forex Trading 💰 Leverage is an essential tool in trading gold and forex. It enables traders to control larger positions with minimum initial capital. However, it also carries a high degree of risk as one can experience significant losses if the market moves against them. Here are some things to consider about leverage in trading gold and forex: • Leverage is the ratio of the amount one can borrow and the amount of capital invested. For instance, if a trader chooses a 50:1 leverage, then they can trade up to 50 times more than their initial capital. • While leverage allows traders to profit immensely from small market moves, it also magnifies losses if the market goes in the opposite direction. • Even experienced traders can fall prey to leverage's pitfalls, so it's crucial to understand the risks and manage them effectively. • Traders must calculate their risk-reward ratio before initiating a trade that involves leverage to help minimize losses and improve returns. • Stop-loss orders can help traders to manage their risk in case of unexpected market movements. • It is essential to have a solid trading plan that includes entry and exit strategies, trading goals, and risk management strategies. • Traders should choose a broker that offers favorable margin requirements and instant trade execution. In conclusion, leverage can be a useful tool in trading gold and forex, but it is not suitable for everyone. Traders must carefully evaluate their risk tolerance and have a well-defined trading plan before employing leverage. Please, like this post and subscribe to our tradingview page!👍

BITCOIN BULLS ARE GAINING STRENGTH|LONG Hello,Friends! We are now examining the BITCOIN 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 27325 level. ✅LIKE AND COMMENT MY IDEAS✅