AUDJPY - Over-Sold Zone ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDJPY has been overall bearish trading inside the falling orange channel, however it is currently approaching the lower orange trendline. So we will be looking for buy setups.
Moreover, the green zone is a strong support and demand.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline. (acting as non-horizontal support)
As per my trading style:
As AUDJPY approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Demand Zone
Bitcoin is heading to 26k +50%hello traders
Inflation results were very positive and fell at a reasonable rate, at the same time US bonds began to suffer.
The markets are expected to recover slightly, specifically the crypto market
This is consistent with the technical analysis of Bitcoin. We have wave A and wave B is about to end. The price has reached a strong buying area, so we expect that wave C will start from this area.
SQQQ I Approaching demand zone Welcome back! Let me know your thoughts in the comments!
** SQQQ Analysis - Listen to video!
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An elusive quest for a silver liningSilver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021.
Silver falling more than gold
Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar resumed an appreciation path and bond yields rose sharply1. However, silver fared even worse in February (-11.7%), after falling in January as well (-0.9%)2. As gold is often seen as a hedge for economic and financial uncertainty, it is receiving greater support than silver.
Silver, as a precious metal with more industrial uses than gold, is weighed by the uncertainty in the global economy as developed central banks are tightening monetary policy at a pace we have not witnessed in decades.
Good news is bad news
Complicating matters, today good economic news is often interpreted as bad news because markets are pricing in a reaction from central bankers that could sap economic growth from the future. Take the last Global Manufacturing Purchasing Managers Output index reading for example. The February 2023 reading rose to above 50 (50.8) for the first time since July 20223. A reading of 50 and above should be interpreted as manufacturing in expansion. Other things being equal that report should have been positive for industrial sentiment and silver prices. However, because markets interpreted this as cue for central banks to raise rates further and delay monetary loosening, silver prices reacted negatively.
This could be a sticking point for silver this year: being flanked by falling gold prices when Dollar and bond yields rise, being hurt by expectations of a delayed pivot by central banks, but not sharing enough of the upside for gold when markets are looking for defensive hedges.
Mixed picture in physical markets
Macroeconomic considerations aside, some silver fundamentals look strong. Photovoltaic (solar panel) installations are expected to grow by more than 25% this year according to Metals Focus. In 2022, photovoltaic demand accounted for 11.5% of total silver demand (up from 5.6% in 2012)4. Meanwhile jewellery demand is likely to be sluggish as silver in Rupee terms remain elevated (India is a large silver jewellery market).
Most silver supplies come as a by-product of mining for other metals. MMG Ltd’s Las Bambas copper mine in Peru was put on maintenance in February 2023, following violent protests in the country. A short-lived truce allowed for production to resume, but Andean communities in Peru restarted blockades this week5. The mine produces an estimated 5.7 million ounces of silver as a by-product annually. Lower silver supplies could support prices.
Conclusions
Macroeconomic headwinds have set silver prices back this year and may continue to do so as markets price in tighter monetary policy for longer. Silver may have a hard time catching the same defensive bid gold enjoys. Despite strength in photovoltaic demand, jewellery demand may be soft. Tighter mine supply may be price supportive but overcoming the macro headwinds will be key to silver breaking out of its current lull.
CADJPY I It will correct upward (LONG)Welcome back! Let me know your thoughts in the comments!
** CADJPY Analysis - Listen to video!
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40R EURUSD Long Swing Trade (Smart Money Concepts)Testing one of my smart money concepts swing trading strategies using an early entry based on day trading setup. The setup normally involves a sweep of a 4h choch/MSS deep in premium/discount, then a daily pin bar or hammer, or a 4h choch.
Previous Day Opening Gap has been filled on DXY as well as three months of liquidity swept.
This early entry utilizes a long from a trendline following another strategy of mine. If successful, will take the majority of the position off after daily FVG fills and leave some on to run as a swing trade.
GBP AUD - Buying imbalance in playG'day,
This is the first video analysis upload, so the length is something I would like to scale down being more concise in future, however in order to appeal to the broader market, Technicals need to be simplified.
A note before reading - this is a forecast analysis - based upon a long term trading strategy looking for Fresh Demand/Supply zones.
This is tagged Neutral to the overall monthly demand in control and active long trades. Until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - no trade is taken until reactive, break or curve is confirmed. Long term investment strategy will be looking for buys as part of the next cycle. This is an investment and not a quick move based on lower time frames.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Recap shots
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Professional analyst with 5+ years experience in the capital markets
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AUDJPY: Buyers IncomingPhase 1 has now been completed from my previous analysis.
Price pierced the zone I wanted and pushed even lower to manipulate the order block.
Now we have had liquidation from both sellers and buyers, the true move can enter the market.
My gut tells me the true move is a buy but only the market knows.
Polkadot $DOT Price breakdownThis is a price breakdown of BINANCE:BTCUSDTPERP based on Smart money concept in combination with Supply and demand and candlesticks.
By using the following:
- Fractals Period 2: major and minor high and lows were identified.
- Trend Change and break of structure were drawn to identify the trend.
- Supply and demands zones were identified by using reversal patterns such as engulfing candlesticks to ensure area of entries and exits.
- Fair value gaps were identified on the charts to identify future reversals.
I believe after market shift formation, Price tends to break the structure to revisits previous demands and supply zones. In this case, It is around a demand area which may indicates a possible bullish signals.
Entry and exits with stop loss are drawn.
Potential Long Opportunity on CHFJPYPrice action context clues have printed an opportunity for reversals to the upside within this zone that it is currently dropping into.
If price action begins to show exhaustion at this level, then a reversal could be likely to happen.
Exhaustion presents itself when you see wicks into the are but there are no candles breaking the level.
Multiple wicks into an area that you have mapped out as a trade entry further validate your analysis and you should take the trade.
Liquidity is being sucked from that area for a move to the opposite way.
Wait for multiple wicks into your area of interest before you decide to pull the trigger for you trade.
Manage your risk and keep a cool head no matter the outcome of the trade.
Winning streaks can create ego, recklessness and over confidence, losing streaks can create fear, timidness, uncertainty, and hesitancy.
Believe in yourself, trust your analysis and maintain zen in your life on and off the charts for best results.
Happy trading!
EURCHF I Best zones to trade this week!Welcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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FTM Strong Support Ahead 🏹 Analysis #13/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
FTM is overall bearish , however we are approaching a strong demand and support zones. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
FTM is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, FTM can still trade lower till the 0.27 - 0.30 support zone .
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich