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Rejection

AUDJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDJPY is approaching a resistance zone in green so we will be looking for sell setups on lower timeframes. on M30: AUDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, AUDJPY would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
20
EURCHF - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURCHF is still overall bearish trading below the red trendline, so we will be looking for Trend-Following Sell Setups as it approaches the upper purple circle. Moreover, the area 1.086-1.088 is a strong support turned into resistance. Thus, the highlighted purple 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 non-horizontal resistance) As per my trading style: As EURCHF approaches the upper purple circle, I will be looking for reversal bearish 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
Short
by TheSignalyst
5
JPM: Breakout to ATH again? JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge especially when market is flat or down. If it doesn't breakout this time, there is a potential that it will be in near future.
NYSE:JPM
by yflaw1018
IWM: Breakout or RejectionIf anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK, NVTA, APPS, M, FUBO will be affected accordingly. Plus, Jerome Powell will be speaking tomorrow at Jackson hole. Be mindful.
AMEX:IWM
by yflaw1018
AUDNZD - Look For Buy Setups!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDNZD is overall bearish trading inside the brown channel, so we will be looking for Trend-Following Sell Setups. As per my trading style/plan; Here are the two strong zones where I will be looking for high probability buy setups: I call them War Zones, (highlighted in Purple circles) Zone 1: (around 1.065) in green This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) Zone 2: (around 1. 05 ) in blue This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As AUDNZD approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /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
Long
by TheSignalyst
23
AUDNZD - Purple War Zones!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDNZD is overall bearish trading inside the brown channel, so we will be looking for Trend-Following Sell Setups. As per my trading style/plan; Here are the two strong zones where I will be looking for high probability buy setups: I call them War Zones, (highlighted in Purple circles) Zone 1: (around 1.065) in green This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) Zone 2: (around 1.05) in blue This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As AUDNZD approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /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
by TheSignalyst
33
BNGO - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: BNGO is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGO
by TheSignalyst
19
GBPCAD - Trend Following Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPCAD is overall bearish trading inside the H4 blue channel, and since it is currently approaching the upper blue trendline, we will be looking for sell setups on lower timeframes. on M30: GBPCAD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, GBPCAD would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
20
200 MA acts as Support?Hello again, Traders! This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for confirmation to make sure I buy at the right time. Also the 1h time frame shows an uptrend which might continue after the confirmation. I'd be happy for any feedback. Thanks in advance.
Long
by cnesrin