KCS - Short-Term Bullish Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea, we were waiting for the bulls to take over by breaking above the blue neckline from H4.
We had the break last week, and lately we rejected the 10.0 and broke below the last minor low in red. Thus, the correction started.
Now on the retest of the previous high in blue, we will be looking for buy setups on lower timeframes to catch the next impulse movement upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Break
NZDCAD - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDCAD is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 0.76 - 0.77 is a strong support zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
Since NZDCAD is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If the blue zone is broken downward, then further bearish movement would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Dollar Currency Index (DXY), 4-Hour, Supply reactionI think there is a probability of a correction in the dollar index. We can notice a false breakout of the trend line and price reactions to the supply zones. It is not a perfect reversal or correction pattern (because there is no higher high), but we can expect it is a break of the structure (because of a supply reaction). Anyway, we should be careful on the nearest uptrend line and look carefully at the construction. Don't expect far TP as we have an overall uptrend.
📉💥BTC 2h Short Position 💥📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Price broke the rising channel after the Jackson Hole symposium. BTC moving in a direction that may soon see lower price levels.
You can enter a short position between now and the yellow area.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP 1 and 2 are on the chart.
The optimum stop-loss is above the determined line.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS
Is it over? Hi everyone,
Yesterday I analyzed BTCUSDT and talked about the reason that we are still bullish in the short and midterm. (link down below)
Today, we are going to be analyzing ETHUSDT, and the chart looks clear and beautiful. Right now we just broke above previous resistance where we took off some liquidity that was sitting above the previous high, and we are at a really important level of resistance of a wedge that we are inside of it.
We are in the narrower channel part of the wedge and the price is showing a loss of momentum and a rejection of that resistance. Even though on the H1 timeframe price is in a symmetrical triangle, which is a continuation pattern, I lean towards breaking to the downside. However a break to the upside is possible, and if does so, I will analyze tomorrow where it will go.
Btw, DOGE is looking good if it closes above the resistance. Maybe take a look if you get to read this post right away.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Golden Cross
GOLDEN CROSS
1. A golden cross occurs when a faster-moving average crosses a slower moving average.
2. Specifically, you need the 50-period and 200-period simple moving averages.
3. Anything other than these two periods and it is not a true golden cross.
4. The golden cross is a powerful trade signal, but this does not mean you should buy every cross of the 50-period moving average and the 200.
5. You will need to bring a higher level of sophistication to the setup, to ensure you are buying into a trade with real opportunity.
THE THREE STAGES OF A GOLDEN CROSS
1. As the downtrend in the stock market ends, the short-term 50-day moving average moves below the 200- day moving average.
2. In a crossover, when a stock recovers, the short-term moving average crosses over the long-term moving average. That’s where the term golden cross comes from, when the two average lines cross on a chart.
3. In a crossover, when a stock recovers, the short-term moving average crosses over the long-term moving average. That’s where the term golden cross comes from, when the two average lines cross on a chart.
THE THREE STAGES OF A GOLDEN CROSSPROFIT POTENTIAL OF THE GOLDEN CROSS PATTERN
A. DEATH CROSS
1. One option is to wait for a cross of the 50 back below the 200 as another selling opportunity.
2. The only issue with this approach is you are likely to give back a sizeable portion of your profits since moving averages are a lagging indicator.
B. PRIOR SUPPORT
1. What you can also do is look for areas of resistance overhead which will act as selling opportunities for longs that have been holding the stock for a long period of time.
2. A caveat to this strategy is that the stock may consolidate and push higher.
C. TRENDLINE BREAK
1. If the golden cross is real, the signal will likely generate a strong buying opportunity.
2. You can then use the first couple of reactionary lows to create an uptrend line.
3. You then hold the stock until this trendline is broken.
Bitcoin in 1 Minute - Day 36Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
36 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Channel breakout 🔥BTC has retested the channel it broke out form, and showing bull strength according to 🕯️. I believe it wants to fill the inbalance in the bear run. Let's not forget the over all trend as this is just a correction.
I'm thinking schematic distribution setting and fakeout.
@tradingview_
@coin
GBPUSD: BEARISH DECENDING TRIANGLE 🔻BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 1.18700 target to complete its "e wave" from the bearish descending triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe.
UJ BULLISH TREND CONTINUATION CONFIRMEDprice broke the previous high creating a higher high. Looking to re-enter buy positions on the retest of the break (highlighted blue area that i marked which says "Buy here") Be patient wait for price to create a higher low. We have a bullish week ahead of us peeps! Happy trading!
Persistent is ready to Break Double Top Persistent is ready to break double top it can be sell because of double top and also trend of Persistent is down trend and double top target is Rs. 2514 and taeget of 1 is Rs. 3100 so it can be sell and my opinion is it can be sell and STOP LOSS is Rs.3798 And thank you to visiting this channel and pls like and follow me
TECHDARSHRESEARCHER and come here every time and pls comment below and have a good day bye bye.
Sell it your own risk.
USDJPY - range ideas for next weekOn this pair we can see that it is currently range bound and coming to a close for the trading week. We can see on multiple timeframes that the range is respected as of now, with the major support levels around the 127.6 region, and minor resistance around the 128.1 region. The idea for this trade is a simple break and buy concept during the Asian or the NY session, alongside potential scalps within the range itself when price fails to break the range. For the buy this could signal the potential end of the retracement from the top to continue going higher for a potential 70 pip range with minor traffic at TP1. For the sell this could continue the move down to the major support and retest the lows for a potential 40 pip range with minor traffic at TP1. For the better entry confirmation, a retest of the previous support/resistance would be ideal or a break and close on a higher timeframe such as the hourly. Now should the price fail to break the range support or resistance, this can potentially lead to some scalp opportunities by trading from support to resistance or from resistance to support, which I potentially might do with the range being 50 pips.
Trade ideas are considered with a 10 pip stop loss for the example, and would likely change due to candle structure and entry.