AUDUSD - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDUSD has been overall bullish trading inside the rising wedge pattern in red, and it is currently approaching the lower bound of the wedge.
Moreover, the zone 0.638 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for 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 AUDUSD 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
Range
AUDUSD DOWNTREND CONTINUATION FOLLOWING USD INTEREST RATES 09/23AUDUSD has been in a bear market July 2023.
Price stalled out and ranged since August 2023.
We have since seen bulls try to break out of this 3-month range and failed every time.
The resistance is around 0.6530, which is yet to be broken.
We recently have seen a strong rejection of that resistance following last weeks USD interest rates.
The Australian Dollar has been a weak currency in the basket of majors for several months this year and the United States Dollar has been getting stronger.
I am awaiting my trigger just below 0.64159 and am a bit late to the action so my P/L will not be as ideal as I planned but I will take what I can get and still be realistic with the target which is sitting at 0.6360 lows which is also where many longer term buyers may have their stop losses if the uptrend doesn't work out in their favor.
I will be utilizing a trailing stop loss along the progression of the trade and have my hard stop around today's daily highs in case it does not work out in my favor.
If the trade fails then the price may go back into chop or could be a possible reversal towards range highs of 0.64159.
USDCHF 24/9/23UC is our last pair for this week, as it stands we have a clear bullish range but as we have said on nearly all of our pairs we do expect the current moves that have ran over the last few weeks, until we actually break out of this trend we will keep following it until it does then we will change our bias and follow price as it moves.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 24/9.23EU oh look another sell side swing range with a rather large space above, oh and liquid gathering above our highs almost as if we have seen this in nearly all our other USD related pairs this Sunday!
In short we are looking for a bearish move due to our range we sit in but of course we aren't expecting a run higher for then a full drop lower as our range is massively oversized. from what we have seen and what we know of these kind of range normally we see the short term price action take over the overall move but until this happens we stick to what we have!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURNZD 24/9/23EN is by far the most simple setup we have here on this Sunday markup, a clear break of SWL structure giving us a bearish setup with good confluence, the C-Swing POI played us higher at the end of Fridays session so we should be able to grab the highs created by this move as we come into Sunday/Monday sessions, sells from our swing POI would be ideal as we always say, but for sure we are looking for some open entries to follow the possible counter trend move higher or even a trending move lower.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBPUSD 24/9/23GU if you haven't already noticed has been falling like a stone from last week, now of course you will see this is pretty much the same moves our other pairs have been making, giving us a nice uniform correlation and with this we are looking for it to line up if we do reverse with our other prediction.
Of course it is not something we actively seek to do which is trade against trend, but we are seeing more than just structure pointing to the upside including our liquid highs withing our current bearish range.
Overall bearish, so if we do drop deeper don't be shocked!
We are aiming for the lows but we are looking for a entry setup to long this if that's what she wants to do, of course lower trend and deeper moves may come, if so we will follow this to.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 24/9/23XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range.
firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we break it, we could also see it shift price deeper towards our low giving us a run of the lows overall iam looking for a break of this high leading us to the untradable POI we have marked.
open entries and watching out high is the key for an entry here on gold.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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
US-Oil 17/9/23US-Oil in a bullish range looking for tap into this area to shift us into the next bullish expansion.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 17/9/23XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NAS100 17/9/23N1 has a huge expanded range here which tells us we are most likely to see some internal moves that we can trade before we see a pullback to our swing POI. we are still yet to put in a swing low so until that forms we cant exactly track our range.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDJPY 17/9/23UJ giving us the reverse of GJ which is a bullish swing range with an unmitigated POI at its base, as a whole iam seeing a clear bis and entry for this setup, now of course we might not het this tap in, if we clash with red folder news we might get a shift out lower so just keep in mind!
As we start this week iam looking for a test of our swing high to take the liquid then to shift lower into our POI.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBP Weekly BiasAfter the Big Drop and Breaking the Range to the downside, We managed to Reclaim the range once again.
GBP met the mid range and struggled to move higher.
After mid range resistance and as you see with the help of the small swings we have market structure shift to the downside.
I expect more downside until we meet a reasonable support near the range low again, so we can keep the upside move towards the range high.
I will Consider Every Short Time Frame Breaks to upside as Fake and every Breaks to Downside as Legit with Reasonable Stop Loss and wide TP.
GOLD UPDATE, Resistance Confirmed, Setting Up For Another Leg!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at GOLD 1-hour timeframe perspective, the recent events, the current structural importances, what to expect next times, what to not expect and how to handle the situation appropriately. A mentioned in previous analysis and expected GOLD confirmed its huge resistance between the 2010 and 2030 level bearish where it now showed an increased volatile bearish move to the downside confirming the bear-flag-formation it has formed, if you did not saw this analysis already I highly recommend you watch it when going to my account, for now, GOLD is still moving above the 1000-EMA, therefore, it is important if it holds this level where the possibility is quite marginal or it falls below and continues bearish to the downside which is a much more likely scenario currently, in this case, I detected the important levels to consider now.
Looking at my chart you can watch there the confirmed bear-flag-formation together with the coherent wave-count overall confirming the bearish pace here, currently GOLD has found some marginal support at 1915 where it bounces a little but this bounce is not strong and is directly trading into resistance which is the 200-EMA marked in red in my chart, when GOLD approaches this EMA it has a high possibility to confirm bearish and bounce from this level, GOLD is not yet over with its bearish declines therefore we can expect a consolidation here in the range between the 200-EMA and 1000-EMA before forming another sudden leg to the downside which is the most possible scenario at the moment, currently, there is not much potential given for new highs the next times as strong resistance levels lying there and the established bearishness should not be ignored, possible entries can be after a bounce from 200-EMA or fall below 1000-EMA.
In this manner, thank you for watching, support for more market insight, all the best!
Information provided is only educational and should not be used to take action in the market.
✅SILVER WAIT FOR THE BREAKOUT|SHORT🔥
✅SILVER is trading in a
Downtrend and it has
Formed a parallel range
Where It consolidated
For a while but is now
Trying to make a bearish
Breakout and IF it happens
Then we can go short
On Silver with the target
Being the demand level
Below at around 22.5$
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
IPDA Ranges to Cast Future Price Movement for ES Familiarizing ourselves more on IPDA Ranges to help form daily bias and to work on high time frame analysis. The first idea we ever published was actually a very similar thought but now that we have a better understanding of how to use IPDA ranges we wanted to post what we hope to be a more accurate version of what is to occur in CME_MINI:ES1! price action.
We are trading down off of a weekly order block that was traded into on July 18th; we have taken out the July 10th low of 4660.25 and we have failed to make a higher swing above 4683.50. It seems like the market has shifted to bearish conditions for the intermediate term. Using the look back and cast forward train of thinking, we have been trading higher for the 60 trading days prior to August 1st which is just 3 trading days after making our current intermediate high; meaning our cast forward should have plenty of sell side liquidity to draw to in order to clear out stops below our 20-40-60 day ranges.
It just so happens that we have a +Breaker Block that contains a Fair Value Gap/Liquidity Void inside of it. This gives us a lot of confidence in our bearish outlook as the 60 day low is quite literally is the top of our Liquidity Void and also falls into a zone for Optimal Trade Entry (OTE).
The only major bounce we should see is off of the March 13th Premium/Discount range as the Equilibrium for that range falls right in a Liquidity Void. The only thing that will push us through that with ease is some red folder news. Should be a piece of cake..
We are proud to put ourselves out there with ideas. It forces us to use logic and apply concepts and ideals that we have learned. Any questions or comments leave them below!
CME_MINI:ES1! EIGHTCAP:SPX500 CBOE:SPX TVC:SPX BLACKBULL:SPX500 SKILLING:SPX500
Bitcoin Price Must Absorb 26,500Traders,
Until BTC absorbs the 26,500 price level, another retest of 25,200 is likely and the bears remain in control. If the price of 26,500 is absorbed and exceeded, we can then think about 30-31.6k again. If our support of 25.2k is broken, we can then think about 20k. In between 25.2 and 26.5, we simply remain in limbo with bias slightly bending towards the downside.
Stew
Capitalizing on Bearish Breakout: Ideal Selling Opportunity 📉🐻We've got an enticing EUR/USD setup on the 1-hour timeframe that deserves your attention. Here's the lowdown:
📌 Technical Analysis Highlights 📌
📉 Bearish Breakout: After a period of range-bound trading (or a bearish flag, depending on your perspective), the price has decisively broken below a key support level, which has now flipped into a formidable resistance. This signals that bulls have been trapped, allowing the bears to regain control. The trend remains bearish
📈 Price Action Insight: With the balance tipping in favor of bears, I anticipate an escalation in bearish momentum, potentially leading to a sharp price drop. This presents an optimal entry opportunity for selling.
🎯 Trade Strategy 🎯
Given these compelling technical signals, it's time to consider a short position on EUR/USD. Look to enter the market with confidence.
📉 Take Profit Targets 📉
1️⃣ First Target: 1.06650
2️⃣ Second Target: 1.06250
3️⃣ Ultimate Target: 1.05900
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
BTC BEAR TRAP : Trend Reversals 📈📉
Greetings, fellow traders! Today, let's explore a fascinating aspect of market dynamics – the concept that markets often change their trend direction when most participants least expect it. We'll dive into how we might currently be in a bear trap and what it could mean for a potential upswing.
📈 The Art of Contrarian Thinking: Market trends are tricky creatures. They often lure traders into thinking the current trend will continue indefinitely. However, seasoned investors understand that when everyone is convinced of a particular trend (bullish or bearish), the market may surprise with a reversal.
🐻 The Bear Trap: A bear trap is a situation where the market appears to be in a strong downtrend, leading traders to sell or short assets. However, this could be a cunning trick, as the market may reverse course, catching those overly bearish traders off guard.
📈 Signs of a Reversal: While we can't predict market movements with certainty, recognizing signs of a potential trend reversal is essential. This might include technical indicators, fundamental shifts, or sentiment changes.
🚀 The Anticipation of Growth: If we're currently in a bear trap, it suggests that the market sentiment is overly pessimistic. This can set the stage for a potential upswing when the market decides to confound the majority.
💡 Key Takeaway: The market has a way of playing tricks on participants. It's a reminder to remain adaptable in your trading strategy, ready to pivot when the unexpected happens.
🔮 The Future Unveiled: While recognizing a bear trap is insightful, always combine this with thorough analysis and risk management before making trading decisions.
In conclusion, market trends can be both persistent and deceptive. Understanding that trend reversals can happen when they're least expected empowers traders to navigate the markets with greater flexibility.
Stay vigilant, stay open-minded, and remember – in the world of trading, being prepared for the unexpected is often the key to success! 🧐🚀
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TRXETH: Potential Partial Decline of an Accumulation RangeTron's Ethereum trading pair has been trading at lows within the bounds of this range since near the end of 2020, and now as price approaches the end of 2023, We can see that it is attempting a Partial Decline, which can only be considered a confirmed Partial Decline once and if price hits the top of the range again from here rather than first making a full retrace to the bottom. The addition of a Partial Decline would then bring the Bullish breakout chance all the way up to 80%.
If it breaks out I'd suspect that it would go for the 61.8% Retrace first then jump to the 088.6% Retrace second.
EURNZD 3/9/23Honestly a very clean sell side swing from EURNZD so looking forward to this possibly giving us a tap in, now mainly iam looking for a bullish run early on this week which could be given to us by the C-swing at our SWL base, its given us very clean POIs to work with along with heavy amounts of liquid to serve up for seller and buyer!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!