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Aud/Usd Bearish Trend ContinueMy trading idea on Aud.Usd. The only problem currently is that the retailers are sitting at 70% short and if you follow me for long enough you know that I want to be trading in the opposite direction. If we see push to the higher resistance zone then we can expect the retailers to get stopped out and it will be perfect timing to get into sells. Taking a look at AUDUSD, we see that retail traders are 29.% long, and 71% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theAUDUSD gets a reading of +1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa. Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month. #N/A Finally, let's look at fundamentals. GDP growth favors the USD, inflation favors the USD, unemployment favors none and interest rates favor the USD DON'T FORGET TO FOLLOW SO YOU ALWAYS TRADE WITH AN EDGE>
Short
by Elite_Forex
USDCAD - Bears Took Over, Now Wait For Bulls! Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart) we have been stuck inside a big range in the shape of a symmetrical triangle, so we have been trading it. Now USDCAD is sitting around the lower bound of the symmetrical triangle again so we will be looking for buy setups on lower timeframes. Moreover, the green zone is a strong support. 🏹 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 red trendline. (acting as non-horizontal support) As per my trading style: As USDCAD is sitting around 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
Long
by TheSignalyst
5
ETH - Rejection Zones Ahead 🔃Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been slight bullish for the last couple of weeks trading inside the orange flat rising broadening wedge pattern. 📈 Lately, ETH rejected the upper bound of the wedge pattern and now trading lower as a correction phase. For the bulls to take over again medium-term, we need a break above the red resistance. 📉 Meanwhile , If / As ETH approaches the lower bound of the wedge pattern and blue support, we will be looking for buy setups. Which scenario is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18
📉🐻 Unleashing the Bear: AUDUSD Sell Signal on Daily Timeframe!Attention, traders! Brace yourselves for an exciting opportunity as we uncover a compelling bearish setup on AUDUSD, observed on the daily timeframe. It's time to seize the moment and take advantage of a breakdown in price, signaling a potential continuation of the existing bearish trend. Our trading journey begins with the recognition of a range breakdown, a powerful pattern that signifies a potential continuation of the prevailing trend. In this case, the price action aligns with the bearish trend, adding weight to our analysis. This breakdown presents a remarkable opportunity for traders to capitalize on a resumption of bearish momentum. But let's not stop there! The moving averages further confirm the bearish trend, acting as a guide and strengthening the case for a sell position. With all the pieces falling into place, the momentum signals a high probability setup, enhancing the potential for a winning trade. Zooming out, we uncover the intriguing story of a range lasting for three months, with price oscillating between 0.68000 and 0.66000. This prolonged consolidation phase has resulted in buyer exhaustion, as evidenced by the breakdown of the support level. The shift in market dynamics signals a ripe opportunity to take a sell position and ride the bearish wave. Now, let's outline our trading strategy. I recommend initiating a sell position from the breakdown point, targeting a desirable destination at 0.63000. Along the way, it's ideal to secure profits at strategic levels, with the first take profit level set at 0.64500. This approach allows for partial profit realization while keeping our sights on the ultimate target. Don't forget to press the like button if you think this insight was helpful📉🐻💪
Short
by Thomas_Zito
1
xauusd--> short position for goldhello guys... gold touch the monthly resistance and it is not out of my mind if it is going to do some correction but now after a long bar pattern, it seems it wanna formed a three-drive until hunts the stop loss of the range that I have been shown on the chart if the price retraces to 0.33 fibo level you can get a short position! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
10
📈🚀 EURUSD Breaking Barriers: Get Ready for a Rally! 📈🚀Attention, fellow traders! Exciting times are ahead as EURUSD breaks free from its range, paving the way for a potential rally! Buckle up and get ready to ride the bullish wave as we dive into this enticing opportunity. The stage is set for an upward surge, with our first target set at 1.08100, followed by the second target at 1.08500. Picture this: the price breaking out of its range, fueled by increasing bullish momentum. The skies are clear, and the path to higher levels beckons. But wait, there's more! The bullish case gains further strength as we witness a retest and bounce on the upper structure of the previous range. This impressive feat turns resistance into support, setting a solid foundation for future price action. Now, let's incorporate a touch of fundamental analysis. Keep a keen eye on key economic indicators, such as interest rate differentials, inflation data, and geopolitical developments. Consider the impact of monetary policy decisions from the European Central Bank (ECB) and the Federal Reserve on the EURUSD pair. (meeting this afternoon) Factors such as improving economic conditions in the Eurozone, potential shifts in market sentiment, and global trade dynamics may also influence the pair's performance. Stay informed and adapt your strategy accordingly, as the markets are ever-evolving. Please remember that trading involves risks, and the views expressed here are for informational purposes only. It's crucial to conduct your own research and consult with experienced professionals before making any trading decisions. Stay disciplined, manage your risks effectively, and maintain a well-rounded approach to trading. Get ready to witness the breakout unfold as EURUSD charts a new course. Dont forget to press the like the button if you think this insight was helpful ! 💪📈🚀 feel free to share your toughts in the comments section.
Long
by Thomas_Zito
2
BITCOIN range market and with potential of correction ❌🧨Hello 🐋 based on the chart, the price stick in the range market cycle and it is temporary 💡📖 beside it is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
20
HOW TO: Trade with TrendDECODER🥇 Best indicator on ProRealTime MarketPlace - Now available on TradingView ✔️ Identify ranges and the next probable moves ✔️ Get the earliest signals and the strength of Trends ✔️ Get clear exits before reversal ✔️ Spot the Fibo levels the price will test --------------------------------------------------------------- Trading is Timing ! Stop being too early or too late trading the Trend or getting stuck in a Range. 📌 What is it about ? ----------------------------- The TrendDECODER is a concentrate of multiple innovations to make Trend following simple and easy . 👉 With the GreyBox© - identify when the market gets out of the Trend with a new sequence of transition. Check if the market is in Range, Continuation or Reversal (Up or Down) and wait for the closing of the box to get the Trend signal. 👉 With the DecoderSignals© & Blue /Orange Clouds© - once the GreyBox has delivered its message, get the new direction of the Trend and see the probable zones of pull backs during the current direction. 👉 With the Projective TrendLine© - see before it happens the direction and the possible angle of the Trend with its probable range. 👉 With the RealTime TrendLine© vs the Projective TrendLine© - adjust immediately if the market accelerates North or South. 👉 With the RealTime TrendLine Crossing© - detect at the earliest the moment the Trend gets out of track, to get out of the train. 👉 With the FiboLevels© - spot immediately which price levels the market will test. 📌 For which asset? -------------------------- TrendDECODER works fine on all assets and all time-frames; 🎓 always work on a multi-timeframe environment to minimize risk; 📌 Why we made these innovations? ----------------------------------------------- Because the trend indicators that we know lag a lot and do not clearly identify ranges! We need much more powerful tools than Supertrend or a couple of moving averages crossings to get this done. 📌 How to trade with TrendDECODER? -------------------------------------------------- 🔹 Strategy #1: Trend Following : DecoderSignals© & Blue/Orange Clouds© -------------------------------------------------------------------------------------------- The GreyBOX has given the next probable movement and the Signal of a Trend in on. The RealTime TrendLine guides us on the pace of this movement and the Blue/ Orange/Cloud figures the support/resistance of this movement. It will be wise not to jump immediately in the Trend as the signal appears as the price will very probably make a pullback in direction of the cloud first. Strategy #1: Checklist 📍 Set a Multi Time Frame environment 📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down) 📍 In the Main Time Frame: check the appearance of the « TrendUp Signal » or the « TrendDown Signal » 📍 Entry: buying « at Market » immediately on a « Trend Signal » is quite risky as many times the price will pull back near the Clouds > a good option is to buy 1/2 the position at market on signal > and 1/2 after the first pull back 📍 First Stop Loss: place your SL under the lower border of the GreyBox for an expected TrendUp or the higher border for an expected TrendDown 📍 BreakEven: when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry 📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown) 📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN) 📍 Exits: > Early option : Crossing of the RealTime TrendLine > Late option : Crossing of the Blue/Orange cloud 🔹 Strategy #2: Early Trend following : RealTime TrendLine Crossing© ------------------------------------------------------------------------------------ With this simple tool, get a very early signal of a probable inversion of the current Trend, way before the Decoder Signal is shown, once confirmed by the GreyBox. Strategy #2: Checklist 📍 Set a Multi Time Frame environment 📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down) 📍 Entry (Main Time Frame): wait for the Close crossing over the ReaTime TrendLine in an expected TrendUp (under for a TrendDown ) 📍 First Stop Loss (Main Time Frame): > place your SL under the lower low of the GreyBox (for an expected TrendUp) or the higher high (for an expected TrendDown) 📍 BreakEven: move your SL to Entry price when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry 📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown) 📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN) 📍 Exits: > Early option : Crossing of the RealTime TrendLine > Late option : Crossing of the Blue/Orange cloud 📌 Configuration -------------------------- Well, basically you do not have to do anything ! But you can make TrendDECODER perfectly yours with a few switches in the configuration panel to make appear or disappear each one of the elements composing TrendDECODER.
XETR:DAX
by MetaSignalsPro
16