ETH - Bulls Are Strong 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Based on my last ETH analysis, we know that the bulls took over by breaking above the 1610.0 resistance.
📈 Now we are expecting a movement till the 1700.0 resistance.
📉 The bulls will remain in control, unless the last low 1650.0 is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Reversal
XAUUSD_28.09.2023_Potential Price ReversalXAUUSD
1. If we see in daily timeframe, currently price in support area.
2. In daily timeframe, price looks to develop triangle pattern.
3. In H-4 timeframe, price in fibonacci retracement 161.8
Previously, prices had decreased quite significantly, so with 3 points above we can wait and look for a position to make a good purchase.
Notes:
*) This is a personal analysis, please adjust it to the existing conditions.
*) nThis is not a buy/sell recommendation. This is just my personal analysis.
*) Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
*) I'm still in the learning process, let's learn together :)
Thank you
TRIDENT Long opportunityNSE:TRIDENT
Long term opportunity of approx 25 to 50% up move in price unless the stock changes to downtrend.
Have reversed after downtrend and forming support level.
Target price: (Rs.50 - 60)
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
Banks Across Europe Pause for Breath after Mammoth Rate Hike RunHello guys, my idea on EURGBP is that we are overall in a uptrend and due to the pause for breath after the mammoth rate hike run the trend might reverse or continue little higher before we expect a reversal to the downside.. trade safe. James ❤
QQQ strangle on bear flag/ reversalI have to post on the 15 min, but here's the 5 min:
This is a clear and obvious bearish continuation/ descending triangle. But being 1.20% down already ( NASDAQ:QQQ / AMEX:SPY ), we can't be sure that it'll continue to 2%. So the easiest thing to do is get a strangle. Watch for outcome. Posted a strangle yesterday too and it went +150%.
Thanks for reading.
Welcome to follow me for more tips on how to trade with discipline.
3I INFOLTD possible uptrend in futureNSE:3IINFOLTD
After a long down trend, the stock has consolidated and reversed from its 52 week low of Rs.26.25.
Showing good and steady accumulation overtime.
Up move short term (1 to 3 months) target: Rs. 55.
Up move long term (3 to 6 months) target: Rs. 75
Would look at short trade if goes below 35.
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
AUDUSD DOWNTREND CONTINUATION FOLLOWING USD INTEREST RATES 09/23AUDUSD has been in a bear market July 2023.
Price stalled out and ranged since August 2023.
We have since seen bulls try to break out of this 3-month range and failed every time.
The resistance is around 0.6530, which is yet to be broken.
We recently have seen a strong rejection of that resistance following last weeks USD interest rates.
The Australian Dollar has been a weak currency in the basket of majors for several months this year and the United States Dollar has been getting stronger.
I am awaiting my trigger just below 0.64159 and am a bit late to the action so my P/L will not be as ideal as I planned but I will take what I can get and still be realistic with the target which is sitting at 0.6360 lows which is also where many longer term buyers may have their stop losses if the uptrend doesn't work out in their favor.
I will be utilizing a trailing stop loss along the progression of the trade and have my hard stop around today's daily highs in case it does not work out in my favor.
If the trade fails then the price may go back into chop or could be a possible reversal towards range highs of 0.64159.
EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 1.63 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WATCH CLOSELY: Megaphones indicate explosive volatility incomingMegaphones indicate explosive volatility incoming.
If spotted at the bottom of a downtrend (like this one), it can indicate an explosive reversal is coming.
Therefore, keep an eye on AMEX:SPY CME_MINI:ES1! CME_MINI:NQ1! NASDAQ:QQQ for a reversal. And of course, all your favorite stocks.
Good luck to all, welcome to follow and stay tuned.
$NSE:DEVYANI possible uptrend continueDEVYANI INTERNATIONAL LTD
There is possibility of uptrend continuation in the future. have given the strategies that I would go with for both short and long trades.
Expecting to reach Rs. 250 - 275 anywhere by year 2024
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
EURCHF - Already Overbought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.97 - 0.975 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMZN: there's strong support here, but I'll wait for TL touchThis would likely be a daytrade or 1-2 day swing when this transpires anyway.
If I miss out on the reversal, it's better than entering too early.
One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.
Also there's a h/s on the 4hr candle-chart. So I'll wait.
Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
BTC - Are The Bulls Strong Enough?❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my last BTC daily timeframe analysis, BTC rejected the 25,000 support and traded higher.
📈 For the bulls to remain in control , it's crucial for BTC to surpass the orange trendline and 28,000 minor resistance. If this occurs, we can expect further upward momentum toward the 30,000 resistance.
📉 Meanwhile, BTC would be stuck inside the 28,000 - 25,000 range, and is currently around the upper bound of the range.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Advanced Micro Devices - Is The Future 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been overall bullish trading inside the rising wedge pattern and it is currently in a correction phase approaching the lower bound / blue trendline.
Moreover, the zone 100 - 105 is a strong support.
🏹 So the 100.0 round number is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As AMD is sitting around a rejection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Moreover, for the bulls to take over long-term again for the next impulse to start, we need a break above the last major high in gray around 112.5
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - The Bulls Are Pushing, However...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH has been bullish the last couple of days and is currently back above the local support (1600.0).
📈 For the bulls to remain in control, it's crucial for ETH to surpass the last high in orange at 1663.0 . If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile, ETH would be stuck inside the new range between 1600.0 and 1650.0
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
CADJPY - Waiting For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply. So we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a valid channel in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last high marked in gray.
In this case, we will expect a shift in momentum from bullish to bearish.
Meanwhile, until the sell is activated, CADJPY would be overall bullish and can still trade higher inside the resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Reversal Pattern or Continue PatternChart 1H TF
I figure out two chart patterns for now
#1. Reversal Pattern which is Inverse Head Shoulders
#2. Continue Pattern which is Triangle Pattern
I more likely PERP will happen Continue Pattern
If down, PERP has support around 0.54
If up, PERP has resistance around 0.69
Wait and see what happen
PSNY Giant Falling Wedge (reversal) Weekly & DailyFalling Wedge Pattern for PSNY chart, Polestar
In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock.
However, it's crucial to exercise caution and patience, especially considering the need for a CMF (Chaikin Money Flow) reversal within the green zone.
While there's a possibility of a lower buy-in, it's important to remember that there are no guarantees of a bounce at this stage.
Traders should keep a close eye on CMF indicators to confirm a favorable entry point before taking action.
In addition, is there a potential positive divergence in the PPO (in formation)