USDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for AUDUSD . 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
TECHNICALS - Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock It has also tested 50 Day Moving...
AUDUSD provided a daily shooting star on Monday which signaled that intraday it may become bearish. This re-test is after a Bearish Engulfing was confirmed on the prior touch. The 4H failed to break beyond a monthly resistance. I took a 1H evening star short beneath resistance.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD is overall bearish trading inside the falling channel in red, and we are currently approaching the lower bound. Moreover, the zone 1.590 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the...
I decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My...
I believe that as gold continues to become bullish at support that its willing to break into a higher high. Currently the downtrend momentum is halted by consolidation. Because the overall trend is currently bearish, I will await a reversal candlestick along with volatility on support for any long positions. Potentially a false breakout to the downside. Currently...
USDJPY is hinting at a momentum swing. The overall trend is still up however price has not been making any new higher highs on the daily, In fact, volatility at the high forms a bearish reversal signal. I believe price is pulling back intraday bullish, but this push isn't very strong. Another daily rejection at the high will trigger a short setup for me.
I believe EURUSD is reversing as it formed its first higher high within this consolidation range. ADX was not bullish during this move, however structure was broke. I will look to capitalize on any breakout. I have a zone marked at the bottom of the zone as the daily has formed two bullish reversal candlesticks along with volatility at support. Currently price is...
Gap covered on Weekly. higher Low formation. Indicates a reversal with better Buy Volumes
in this video i want to explain you about bitcoin condition we just brake down blew the trend after retest its rejaction and you can also see the double top on bitcoin so please be care full dont invest all money whales can do any thing if market stable above resistance then we will update you thank you take care
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been overall bullish from a long-term perspective trading inside the rising broadening wedge in blue. After rejecting the 2000 resistance, ETH has been in a bearish correction trading inside the falling red channel. 🏹 Here is why the 1700 - 1750 zone marked by...
Greetings fellow traders, Welcome to this installment of our newsletter where we analyze price action on AMEX:SPY on the daily, hourly, and 15 minute timeframes. We will keep this one short and sweet. DAILY TIMEFRAME What is the Trend? The short term trend is bullish: the 9-candle EMA is trading above the 20-candle EMA. The medium term trend is bullish: the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPJPY has been overall bullish trading inside the red rising channel, however it is currently approaching the upper red trendline. Moreover, the green zone is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the...
COIN is in a bit of a controversy with the SEC and potential regulatory charges. On the 4H chart it had a big plunge from the high market valuation it received over the month since favorable earnings. It has reversed after a few days of Doji candles showing market indecision. The MACD indicator shows upwards K/D lines having crossed under the histogram on the...
KBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the the top of the channel having pivoted within the past few trading sessions. The MACD which is no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd the most recent previous pivot downward. I see this as a short setup. The...
As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had ups and downs reflecting the chaos in the banking system with some failures and federal support or takeovers. Online banks are thriving while some smaller regional banks are challenged with a portfolio of bonds and treasuries bearing low yields. Price is presently at the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), ETH rejected the lower bound of the flat rising broadening wedge and traded higher to reject the upper bound again. 🏹 As per my trading style , we will be trading the range UNLESS it is broken upward or downward. 📈 As ETH...