EURCHF - Already Overbought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.97 - 0.975 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Longterm
PEAB - Great opportunity for a long-term holdPEAB is a construction company based in Sweden, if you are interested in dividend stocks this might be something for you.
PEAB looks very promising in these areas. The housing market is on the verge of an upturn again, and interest rates are likely to start decreasing next year.
I see no reason not to invest in the company right now, given its current valuation, and hold for many years to come. I have bought some shares at these levels.
If you factor in the annual inflation we have, PEAB is not far from the 2008 low, and that bottom was extreme. In my opinion, we are currently very oversold.
BTC - Are The Bulls Strong Enough?❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my last BTC daily timeframe analysis, BTC rejected the 25,000 support and traded higher.
📈 For the bulls to remain in control , it's crucial for BTC to surpass the orange trendline and 28,000 minor resistance. If this occurs, we can expect further upward momentum toward the 30,000 resistance.
📉 Meanwhile, BTC would be stuck inside the 28,000 - 25,000 range, and is currently around the upper bound of the range.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Advanced Micro Devices - Is The Future 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been overall bullish trading inside the rising wedge pattern and it is currently in a correction phase approaching the lower bound / blue trendline.
Moreover, the zone 100 - 105 is a strong support.
🏹 So the 100.0 round number is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As AMD is sitting around a rejection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Moreover, for the bulls to take over long-term again for the next impulse to start, we need a break above the last major high in gray around 112.5
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
APE/USDT LONGTERM CHART OUTLOOKGreetings Folks,
today i have prepared a setup on APE/USDT
the analysis is as follows
- the price is at all time low
- currently facing a static resistance which might break
- a bigger and important dynamic resistance which is the pivot of our trade
- watch out for volume, whichever side it breakout it should be with good volume otherwise it might be a liquidity sweep
dont play with fire, always use a predefined stoploss
ETH - The Bulls Are Pushing, However...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH has been bullish the last couple of days and is currently back above the local support (1600.0).
📈 For the bulls to remain in control, it's crucial for ETH to surpass the last high in orange at 1663.0 . If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile, ETH would be stuck inside the new range between 1600.0 and 1650.0
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
CADJPY - Waiting For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply. So we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a valid channel in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last high marked in gray.
In this case, we will expect a shift in momentum from bullish to bearish.
Meanwhile, until the sell is activated, CADJPY would be overall bullish and can still trade higher inside the resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bank of India #BankBank of India is in downtrend from 2011. Recently it broke the trendline which is also the breakout of the falling wedge pattern . There is a small hurdle which we can see clearly on weekly time frame once it break & sustain that we might see a good move in this stock. Please consult your financial advisor before making any investment its only for educational purpose not any stock recommendation
TRU Breakout Re-test and BUY MOVETRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason :
Stock has been consolidating for more than a year.
It has formed a triple Bottom.
Taking Support at Trendline.
Right now, at support Zone.
Verdict :
Bullishness Expected
Plan of action :
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
XRP - Wait For The Bulls 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline.
Moreover, the zone 0.5 is a strong support and supply zone.
🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green supply and lower blue trendline.
on H4: Right Chart
XRP has been stuck inside a range.
For the bulls to take over short-term, we need a momentum candle close above the last minor high in red.
Meanwhile, until the bulls take over, XRP would be stuck inside a range while completing the inverse head and shoulders pattern before breaking the neckline.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
CADJPY - Approaching A Strong Supply 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As CADJPY approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top 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
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
GBPAUD - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #GBPAUD.
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
ETH Long term view. ~$1K :ong term ETH analysis. Purely focused on the structure of the cycle that Ether follows containing a triple top formation with a 1st high, weaker HH, lower High and a drop down followed by slow consolidation culminating in double bottom - not precisely - in demand zone, which is around $1000 USD this cycle.
Target for next cycle is pure speculation. Only certainty is that ATH will be beaten.
BTC - Break or Make Zone ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
on Weekly: Left Chart
🏹 From a macro standpoint, Bitcoin has been predominantly bullish, characterized by higher highs and higher lows.
Moreover, BTC is currently positioned around a robust support level at the psychologically significant round number of 25,000.
📌 As long as the support at 25,000 remains intact, there is an expectation that the bulls may regain control at any moment.
As per my trading style:
I will be looking for bullish setups (like a double top pattern, trendline break, and so on...) to confirm the bulls takeover.
📌 However, it's worth noting that BTC still has the possibility of descending, potentially dipping into the range between 24,300 and 25,000, or even breaching this support level to the downside.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last high in red at 26,450.
Meanwhile, BTC can still trade lower, dive inside the green support or even break it downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
EURNZD - Trend-Following Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURNZD has been overall bullish trading inside the rising channel in red and it is currently approaching the lower bound / red trendline.
Moreover, the zone 1.8 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As EURNZD approaches the lower red 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
FInally gold will buy According to the price action and the price patterns ,finally gold will buy .gold created a triple bottom and it will made a huge rejection to the upside till 1935 .
if the gold breaks 1935 then the target is 1945 /50 range.on other hand if gold breaks bellow 1915 it will lead gold to move to the hell(1881).
But pattern structure will not able to do that.i settled my stops below 1915 with final tp 1935 .
(this is a not a financial advice.just my idea.please consider that)
Preparing for Takeoff ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AAL has been overall bullish trading inside the flat rising wedge pattern and it is currently approaching the lower bound / red trendline.
Moreover, the zone 12.5 - 13.0 is a strong support.
🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As AAL approaches the red 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
BTC 12-16 months monthly projectionThis graph represents the next bull run we're all waiting for. The price could lose 20-30% of its current value during this period of time. The bullish trend should take strength from the next halving expected to happen in April 2024, in which we will see a rally to new maximums. I expect the next ATH to be around 100-150k.
Canadian Solar: Why You Should Buy NowWhy You Should Invest in Canadian Solar Inc.
Canadian Solar Inc. is a leading global solar power company with a strong financial position and a bright future. The company has a long history of profitability and growth, and it is well-positioned to capitalize on the growing demand for solar energy.
Financial analysis
Canadian Solar's financial position is strong. The company has a healthy balance sheet, with a debt-to-equity ratio of just 0.23. It also has a strong cash flow, with free cash flow of $1.5 billion in 2022.
In addition, Canadian Solar's financial metrics are attractive compared to its peers. The company's price-to-earnings (P/E) ratio of 15.5 is lower than the average P/E ratio of 20 for other solar power companies. Its price-to-book (P/B) ratio of 1.6 is also lower than the average P/B ratio of 2.5 for other solar power companies.
Technical analysis
Technical analysis also suggests that Canadian Solar is a good investment. The stock is currently near its monthly low, which indicates that it is oversold. Additionally, the distance from the 180-day moving average is about 35%, which suggests that there is room for a recovery.
Analyst rating
The consensus among 11 analysts is to buy Canadian Solar. This suggests that there is a high level of confidence in the company's future.
Smart money concept analysis
Smart money concept analysis also suggests that Canadian Solar is a good investment. The stock is currently in a discount, which means that it is trading below its intrinsic value. This suggests that there is a high probability of a rebound.
Entry signal
The entry signal for Canadian Solar is a green candle closing after touching the monthly low. The stock should also be exiting the discount zone.
Target
The take profit for Canadian Solar is the weekly high if you want to exit the position in the short term. For a longer-term investment, the take profit is close to the balance zone and the change of character (CHoCH). The stop loss is at the break of structure (BoS) of 2022.
Conclusion
Based on the above analysis, Canadian Solar is a good investment for investors who are looking for a company with a strong financial position, a bright future, and attractive technical and valuation metrics.
Additional considerations
Of course, any investment carries some risk. However, Canadian Solar is a well-managed company with a strong financial position and a bright future.
Here are some additional considerations for investors who are considering investing in Canadian Solar:
The global solar market is growing rapidly, but it is still in its early stages. This means that there is some risk of competition from new entrants.
Canadian Solar is a global company with operations in over 20 countries. This exposes the company to political and economic risks.
The company is subject to government regulations in the countries in which it operates. These regulations could change, which could impact the company's business.
Investors should carefully consider these factors before investing in Canadian Solar.