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Rejection

DXY Detailed Top-Down Analysison DAILY: DXY is currently approaching a strong demand zone in blue so we will be looking for objective buy setups on lower timeframes. Keeping in mind that DXY can still go down to test the previous support to get more liquidity to be able to push higher. on M30: DXY is trading inside our purple channel, so we are overall bearish, however as mentioned from Daily, we will be looking for buy setups as price is approaching strong support. so we are waiting for a new swing to form around our upper purple trendline and enter on its break upward. Good Luck!
TVC:DXYLong
by TheSignalyst
NZDJPY ANALYSIS, DOES HISTORY REALLY REPEAT IN TRADING?HELLO ALL, NZDJPY SEEMS TO BE AT A DAILY RESISTANCE AREA WHERE IT REJECTED AT WEEKS END. THE PAIR IS IN AN AREA WHERE IN 04TH FEBRUARY IT STARTED A SIDEWAYS TREND THAT BROKE OUT LOWER AROUND THE 25TH OF FEBRUARY. CAN THIS PAIR DO THE SAME THING BEFORE BREAKING OUT HIGHER? FOR THE TIME BEING, LOOK FOR THIS PAIR TO RETRACE SOME BEFORE MOVING UP TO THAT RESISTANCE AREA OR BREAKING OUT OF IT. 4 HR CHART SHOWS OVER EXTENDED ON RSI SINCE 01ST OF JUNE SIMILAR TO DAILY RSI. LOOK FOR PRICE ACTION AND FUNDAMENTALS THIS COMING TRADING WEEK. GOOD LUCK TO ALL!
Short
by ThreePillarsTrading3
2
EURSEK strong rejection is expectedon DAILY: EURSEK is sitting around a strong support and resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it downward aggressively, then we will be looking for objective sell setups on its retest. on H4: EURSEK formed an objective channel in red, so we are waiting for an objective break above the last swing that forms around our upper red trendline to buy this pair. on M30: EURSEK also formed an inverse head and shoulders pattern, so we are waiting for a momentum candle close above our neckline to buy. (conservative traders should wait for the buy from H4)
Short
by TheSignalyst
3
EURUSD potential bearish reversalon DAILY: EURUSD is sitting inside a strong support/resistance zone in green so we will be looking for objective sell setups on lower timeframes. on M30: price is now trading inside a channel in orange so we are waiting for a third swing to form around our lower orange trendline to consider it valid and then enter on its break downward. we also have divergence on MACD adding more confluence to our sell setup. meanwhile, until the sell setup is activated, EURUSD would be overall bullish.
Short
by TheSignalyst
12
GBPUSD top-down analysison H1: price formed a new swing around our red trendline and broke it upward, so we could have entered a buy. on DAILY: Currently, price is retesting a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective double top pattern and broke its neckline downward so we are currently holding a sell. we also have divergence on MACD adding more confluence to our sell setup.
Short
by TheSignalyst
10
EURUSD - Continuation of a strong trend?EURUSD is in a clear uptrend, with the pair that doesn't seem to show any sign of counter-trend or strong retracement. Recent action shows a slight retracement, with buyers immediately reacting with a bullish engulfing pattern and a new higher high. Stop loss below last important swing low and trying to have it also below the uptrend line. I don't really have a take profit in this situation, I just want to join the trend and see when we have some signs of sellers on the market. For now, I place it in order to have 1:2 as risk to reward ratio, but I might increase it if I see that the trend still has good momentum.
Long
by FedericoSellitti
SILVER top-down analysison WEEKLY: price is approaching a strong support/resistance zone in green so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then we will be looking for objective buy setups on its retest. on H4: price is trading inside our red channel (not valid yet) so we are waiting for a third swing to form around it to consider it objective and then enter on its break downward. meanwhile, SILVER would be overall bullish.
OANDA:XAGUSD
by TheSignalyst
5
EURJPY potential bearish reversalon WEEKLY: price is overall bearish making lower lows and lower highs inside our brown channel, and it is currently sitting around our upper trendline so we will be looking for objective trend-following sell setups on lower timeframes. keeping in mind that price can still test our upper red resistance in red before going downward. on H1: price is trading inside our red channel (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it objective and enter on its break downward. we also have divergence on MACD adding more confluence to our sell setup. Meanwhile, EURJPY would be overall bullish.
Short
by TheSignalyst
2
GBPUSD Fib Rejection | Channel Continuation GBPUSD just had a strong rejection off the outer 0.618 fib level, in correspondence to our current ascending parallel channel. We will be looking to see the price head downwards from here, and potentially retest the bottom trendline of the channel. Furthermore, the inner Fibonacci is also indicating a good area around the 0.618 level to open longs, as well as the strong S/R area highlighted in green, ultimately creating this "zone of confluence" where we wan't to open our positions.
Long
by Proszi
EURUSD - Wait for retest golden zoneHello everyone! I will keep it compact as always: 1. Be patient, wait for the candles to reject the fib golden zone 2. At the same time the candle rejects to break above the SMA 8 (I don't show the SMAs to keep it cleaner) 3. The RSI is showing divergence wich means high possibility for bearish action 4. Go to a smaller timeframe and get yourself a sniper entry 5. When in profit trailing stop it! 6. Manage your trade properly! 7. If it's not doing what I'm saying then this setup will not be valid anymore. It needs to show rejections. 'We need to improvise the market! Nothing is 100%' I hope you like it!
Short
by DKFX40
3
Microsoft potential bearish reversalon DAILY: price is sitting around a strong supply zone in red so we will be looking for objective sell setups on lower timeframes. Keeping in mind that price can still test our Supply zone again to get more liquidity to be able to push price lower. on M30: price is trading inside an objective wedge pattern in orange, so we are waiting for an objective breakout below our lower orange trendline last swing standing to sell this one. meanwhile, Microsoft would be overall bearish, until the sell setup is activated
NASDAQ:MSFTShort
by TheSignalyst
1
NZDCAD potential bearish reversalon WEEKLY: price is trading around a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes. Keeping in mind that price can still go up to test our brown trendline to get more liquidity to be able to push downward. on M30: we are waiting for an objective below our lower orange trendline last swing standing to sell. or waiting for the right shoulder to form and then enter on the head and shoulders neckline break downward.
Short
by TheSignalyst
1
TMUS LONG idea. BUT! Against Double TOP!Very strong set-up in the TMUS Stock Market today. Let´s analyze that! T-Mobile went up with confidence, but then, because of the COVID-19 collapsed. What is interesting, however, TMUS recovered very quickly and is again above the channel, which was respected for a long time. Whether you like it or not, IT´S A LONG SIGN! INSIDERS are those guys, who stopped the falling market. Why would you buy your own company if you don´t believe that its Stocks will go higher? Price Action brings nice patterns such as trend-lines, pinbar, rejection, and double top. Why am I thinking about Long trade against the DOUBLE TOP? The answer is simple - there are more signs that confirm Long SETUP. And that is the reality of trading. You will always have something you don't like. The decision is yours. Good trading, Jakub FINEIGHT
AMEX:SPYLong
by Fineight
AUDNZD top-down analysison DAILY: price is sitting around a strong resistance/supply zone in red and also testing our upper brown trendline, so we will be looking for objective sell setups on lower timeframes. on H1: price formed an objective trendline in blue so we are waiting for a momentum candle close below its last swing standing to sell this one. meanwhile, AUDNZD is still overall bullish and can still test our upper red zone to get more liquidity to be able to push down more aggressively.
Short
by TheSignalyst
5