Gold 4H AnalyzeHi friends.
we are in a range area between two divergent lines that i show on my chart.
if we break this pattern down we see lower levels 1723 and if we loss this level too
we see 1690.
but if this pattern breakout up this means maybe we have a Retest to 1785 level
and after that maybe again falling.
this levels that i illustrate have an overlap with upper and lower bands of Donchian channel
so they are very important levels.
so we can wait till this pattern ends and price direction appear.
Range
Bitcoin in 1 Minute - Day 30Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
30 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
GMT - USDT Can Go HigherHi traders, as can be seen from the daily chart there are good bullish signals for this pair although overall the market still remains strongly bearish. First we see that the MA50 has been broken and the price right now uses it as a support. Second, there is a large bullish divergence in the RSI. In conclusion it is possible to see that after the first impulse from the 0.55 area, the price is now in a range that could with a good probability break up.
Not a financial advice!
$CL - Crude's Range & Downside TargetsCrude oil has been unable to breach the supply region established in March 2022 in the $120+ range.
It's also having a hard time establishing ground above the 2011-2014 supply zone - price action above seems distributive with selloffs underneath carrying significant weight.
That said, given the macro climate it's unlikely crude breaks down from this range for an extended amount of time , we are targeting a re-test & sweep of the lows to cap downside - no lower than $90-$92 region.
OptionsSwing Analyst
Will Nozick
GBPNZD I Trade Plan for THIS WEEK! Welcome back! Here's an analysis of this pair!
**GBPNZD - 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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Buy the support - Range Strategy (+ 3000 points)Hey everyone,
I'm very happy to share with you my first chart posted on TradingView. This is a bullish setup on USOIL based on several elements that i've found through technical analysis. Usually the winning rate of this type of trade is around 70%, so if having a correct management of risk its a very profitable idea.
Buy Setup USOIL :
- price ranging between 90 and 120
bounce on important support
- Ema bounce
- bullish engulfing
aiming for 124 lvl
How To Trade Probability Ranges The Critical Rule of 1/3Using the Rule of Thirds to Master Probabilities in trading and investing ranges
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Stocks typically remaining in consolidation ranges 70% of the time while trending the remainder.
Using the rule of thirds, we can use statistics, prior price action and the probabilities of success to determine when to enter trades where the odds are stacked in our favor.
1) We start by finding a stock that is in a consolidation range, and identify the nearest important support and important resistance levels based on your targeted trading timeframe.
2 ) We take the range between the support and resistance levels and divide it into thirds, so we have three zones within the consolidation range.
3) When going long, you want to BUY the stock when it is within the bottom third or the zone from support to the 1st third level. Once you buy, your objectives are to hold during the middle third of the range, and sell during the top third.
When you buy in the first third, this gives you a 66 percent chance of success. If you buy in the second third of the range, you only have a 50/50 chance of success. Going long in the top third of the range, gives you only a 33% chance of success because you are already close to the resistance level.
When going short, the sequence and odds are reversed. You sell during the top third of the range, hold during the middle third and exit in the bottom third. This again gives you a 66% chance of success when you enter in the top third, 50/50 chance if you enter in the middle third, and a 33% chance of success if you enter in the bottom third as you are already close to the support zone.
****Using this simple trick, you can quickly evaluate trades based on probabilities and selectively enter trades where the odds of success are the highest and avoid likely losing trades. The rule of thirds also also gives you the confidence to continue to hold trades based on previous important ranges, and provides clear levels where the stock is likely to either reverse or start trending.
Hope It Helps to your Trading & Investing Success
Marc
Bitcoin in 1 Minute - Day 21Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Quick Brief:
BTC is still stuck inside the red range and we are expecting a couple of days more inside it until we eventually break the range upward or downward.
Meanwhile, we will be trading the range, and we can clearly see that the range is getting contracted forming a symmetrical triangle which usually happens before an aggressive breakout happens.
But of course, a breakout of the symmetrical triangle would be an early alert and might result in a fakeout, the real breakout would be above or below the red horizontal range.
21 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
NZDJPY Short Term Buy IdeaH4 - Currently it looks like the price is moving inside a range.
Price respected a key support zone and is bouncing higher.
Bullish divergence.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to move higher further in the short term after pullbacks.