Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking above the $127 resistance, USDJPY has been going up in a parabolic manner.
How high can USDJPY climb?
The marked blue circle represents a significant resistance and overbought zone as it marks the intersection of:
1- $160 round number and weekly high/
2-...
A quick Follow-up on the GBP/USD Long Trade.
We have reversed the position at 1.2448 a test of the structure 2.
Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish.
The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...
Hello TradingView Family / Fellow Traders,
Let's keep it simple!
BTC has been trading within a large range bounded by $60,000 support and $70,000 resistance.
Currently, BTC is hovering around the lower bound of the range at $60,000.
Scenarios:
1️⃣ Bullish
As long as the $60,000 support holds, we expect the bulls to take over and push the price towards...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DXY has been overall bullish , trading within the rising channel in red.
Currently, DXY is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone marked in green.
🏹 Thus, the highlighted red...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDJPY has been overall bearish, trading within the falling channel in red.
Currently, NZDJPY is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a demand zone marked in green.
🏹 Thus, the highlighted red circle...
Hello TradingView Family / Fellow Traders,
For those who know me, it's clear I always like studying previous price action.
"Know yourself, know your enemy. Many battles, many victories."
~ Sun Tzu
I find the Bitcoin Daily Chart interesting.
If we compare this impulse movement to the previous two, we can see that after 58 days, the correction starts, and it...
Here I have AUD/USD on the 1Hr Chart!
Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators!
1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...
Let's talk about the elephant in the crypto village square: Bitcoin. Now that we're looking at a correction, it makes sense to talk about where that may end and - for those of you that successfully took some profits - when and where you may want to re-deploy those funds.
I am of the view that Fibonaci levels - particularly old ones - are extremely helpful for...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 TIA has been overall bearish , trading within the falling wedge pattern in red.
However, it is currently approaching a strong support zone and round number $10.0.
As long as the support holds, we will be looking for buy setups.
🏹 For the bulls to take over, a break...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURNZD has been overall bearish, trading within the falling channel in red.
Currently, EURNZD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term channel in blue.
🏹 Thus, the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDJPY has been overall bullish, trading within the rising wedge pattern in blue.
Currently, AUDJPY is in a correction phase, approaching the lower bound of the wedge.
Moreover , it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDUSD has been overall bearish , trading within the falling wedge pattern in blue.
Currently, NZDUSD is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCHF has been overall bullish , trading within the rising channel in blue.
However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in...
Ethereum is trying to set weekly higher low (we're still in a weekly uptrend, setting weekly higher low is strong signal of trend continuation).
It failed one time (last week of March) but now it has better chance of accomplishing it. While it opens opportunity for a LONG play we should recognize that there was quite aggressive selling in the middle of March....
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish , trading within the rising channel in orange.
Currently, BTC is in a correction phase, approaching the lower bound of the channel.
Moreover, the highlighted red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish , trading within the rising flat channel in blue.
However , USDCAD is approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 1.362 - 1.365 marked in...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to our latest analysis, M PC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
📉 MPC is currently in a correction phase, retesting the red structure.
🎯 For the bulls to regain...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 From a long-term perspective , CADCHF has been overall bearish, trading within the falling channel in red.
📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.
🏹 The highlighted red circle is a strong area to...
