TIMING: ASIA LEVEL: DAILY, BREAKOUT SETUP: REVERSAL (Broken Trendline + Double Bottom) ENTRY: MOMENTUM
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #AUDCHF. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 AUDCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper bound / trendline. Moreover, the zone 0.59 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it...
Divergence in both, RSI and MACD Possible reversal to target tje 0.5 zone of fibbonacci?
Using the previous bounce back in September 1st and had a month of bullish trading, I believe that in the near short term there may be another bounce. The RSI is beginning to show signs of upward strength. Despite this, there is strong bearish pressure as of now. Keeping an eye on this pair.
The LTC/USDT trading pair on the daily chart is hinting at a bearish outlook following a rejection from the 200-day Exponential Moving Average (EMA). Currently, the price is under the 200 EMA—a bearish sign. We are watching this level closely, as maintaining below it could lead to further downward movement. The presence of long wicks on recent candlesticks...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last AUDNZD analysis, we have been looking for sell setups around the green resistance zone. AUDNZD traded lower and it is currently hovering around a robust demand zone. Moreover, it is approaching the lower red trendline. 🏹 So the highlighted red circle is a...
Gold saw a massive spike at the once highest level gold has ever seen and has since then closed under this level (on the daily chart) and is further on the way down again. Now I see a lot of people looking for longs on gold but I don't want you to forget that gold has been rejected 3 times in this zone before and went in a downtrend. So before you load up your...
Hello TradingView Family / Fellow Traders, ETH is currently hovering around a robust resistance zone and the upper bound of the red wedge pattern. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls. If achieved, a movement toward the next resistance at...
Here we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the...
On November 29 and 30, AUD/USD touched a crucial pivot point at the price of 0.66411, indicating a potential change in direction, especially as it aligns with a level of miring Support and Resistance, suggesting a Major downtrend. The bearish reversal signal on the daily candle following the pivot point touch adds confidence to the potential downturn. The recent...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF has been overall bearish trading within the falling orange channel and it is currently retesting the upper bound / trendline. Moreover, the zone 0.55 - 0.5575 is a strong resistance. 📉 So the highlighted red circle is a strong area to look for sell setups as it is...
Here I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time! Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be...
Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower...
This analysis is for my own education, I am trying to learn the wyckoff method so please correct me if I am wrong. Phase A: We can clearly see the stopping of the previous down trend and the dominany supply. Preliminary support (PS) is very short lived and followed by continuation of selling climax (SC). We can see the Automatic Rally (AR) right after the...
Like many other stocks AAPL has been on a sharp rise up since testing its 200 day MA. After testing the 200 day MA AAPL has broken out of a descending wedge to the upside. My conservative price target was $196 which was $2 short of its all time high. Momentum has started to slow and it is looking like AAPL is ready to retest its 200 day. Negative divergence...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart USDCHF has been bearish trading inside the falling red channel. However it is currently approaching a strong daily support zone so we will be looking for buy setups on lower timeframes. on H4: Right Chart For bullish momentum to prevail and trigger...
On week chart $4 is the strong resistance zone for this bullish If RNDR can break and close above $4, the next target around ATH $8 Otherwise, RNDR will accumulating in range $2-3 a while before massive move will happen Time will tell