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Rejection

AUDNZD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDNZD is overall bearish trading inside the brown trendlines . Moreover, the zone 1.1 - 1.11 is a strong support turned into a resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As AUDNZD approaches the purple 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
Short
by TheSignalyst
6
GBPCHF - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPCHF is approaching a strong support in blue so we will be looking for buy setups. on H1: GBPCHF is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , GBPCHF would be overall bearish can still trade lower inside the blue support zone . Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
ADBE Short PositionWe can see a nice rejection off of the 540 level which is also the previous swing low that was set on December 21st. ADBE has a high PE ratio of 52.88 which puts it in the category of stocks that are selling off right now due to the federal reserve scheduling rate hikes for next year and reducing it's balance sheet. We can also see the supply/demand shifting to the down side as sellers continue to move their entries lower in this downtrend that was established after the earnings sell off. I will be looking to trim or take profit at 520 and 500 depending on market conditions when the price reaches those levels. 520 provided resistance for a few months while this stock consolidated before breaking out, increasing the chances of 520 acting as support. We could see a retest of 540 before this turns down in which case I will be looking to add to my position. I will be setting a stop loss at 541.65 (just above yesterday's high). If ADBE breaks above that level then we could see more upside and that would also jeapordize the short position setup.
NASDAQ:ADBEShort
by ThirtyninethParallelInvestment
1
GBPJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my last analysis, GBPJPY is approaching a strong resistance area in green so we will be looking for sell setups M30: GBPJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone) Meanwhile, until the buy is activated, GBPJPY would be overall bullish can still trade higher inside the green resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
AUDNZD - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. WEEKLY: Right Chart AUDNZD is overall bearish and now approaching the upper brown trendline so we will be looking for sell setups on lower timeframes. H1: Left Chart AUDNZD is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone) Meanwhile, until the buy is activated, AUDNZD can still trade higher till the blue resistance 1.10 Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
14
EURUSD - Trio Retest!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURUSD is overall bearish trading inside our red channel, However , it is currently approaching a very strong support area. The highlighted purple circle is a strong area to look for buy setups as it is the intersection of: 1- Green Horizontal Support 2- Lower Red Trendline acting as an over-sold area 3- Lower Brown Trendline acting as non-horizontal support What I call "Trio Retest" As per my trading style: As EURUSD approaches 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
12
ETH - The Road Not Taken!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is overall bullish from a long-term perspective trading inside the brown rising channel. ETH has been stuck around the lower brown trendline for a couple of weeks now , in an accumulation phase in the shape of a symmetrical triangle marked in orange. For the bulls to take over, we need a break above the last high in gray and upper orange trendline. Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple) Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement. That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost! 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
BITSTAMP:ETHUSD
by TheSignalyst
38
EURJPY - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. DAILY: Right Chart EURJPY is approaching a strong resistance in green and upper brown trendline so we will be looking for sell setups on lower timeframes. M30: Left Chart EURJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone) Meanwhile, until the buy is activated, EURJPY would be overall bullish can still trade higher inside the green resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
14
EURJPY Analysis I Rejecting Strong Resistance Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
KCS - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline. Moreover, the area 15.0-16.0 is a "Resistance turned into Support". So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline. As per my trading style: As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, 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
11
EURJPY Analysis I How to Trade This Week!Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
XRP | A Tale of Two ForksThey say "hell hath no fury like a woman scorned", (a misquotation from English playwright William Congreve (1670-1729)). Had XRP been around during those times, Mr. Congreve would probably have used her as a focal point for unbridled and reactionary contempt instead. Long or short, the probability of getting rekt is quite high with XRP but if you understand what she is then you're much safer on the long side if you DCA and know that the likelihood of her coming back around is pretty high. Philosophy aside, we all like convergences and high probability so what I've found is that if you can find common areas of interest, she'll play nice with you. I see two plausible forks in conjunction with a Fib channel down and then lastly (least reliable of the the three) a Gartley as icing on the cake. Take into account OBV as an oscillator, then she looks like a fascinating bird indeed. If you take the overlapping and most common areas of interest then you can comfortably estimate a DCA long entry. I personally like XRP at the areas where we see the following: 1. midline of down fork 2. bottom channel of up fork 3. the 618 Fib level on the down channel 4. "C" on the Gartley 5. 50 EMA as resistance 6. VPFR mean as resistance 7. OBV as a measure of being oversold Again, a DCA long won't hurt too much if you end up crossing her since, like any decent hurricane season, she's likely to come back around at some point. Have fun with her but respect her or you'll get the wrath yo :) As always, * * * Not Investment Advice * * * Stay frosty my friends.
by FudBox
4
Higher Trading Range Currently Unsustainable!We've seen BTC attempt to stay in the higher trading range but quickly gets pulled right back into the lower range. I am not bullish on bitcoin until it can trade in the higher range and shows the strengths of breaking out of that one as well. This is essentially a continuous fake out or bear trap happening. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
4
GBPUSD - Double Bottom and Divergence - Up-Movement expected*** Trade at your own risk! *** *** Not every idea is traded by us *** Hi Traders! Here is our analysis on GBPUSD! The market is moving in a Downtrend-Channel on the daily TF. As you can see, we lastly had a higher Low on the daily TF, which is a first indication for bullish strength. After that, the market went higher, came down with high momentum, came up again and made some lower Highs and was rejecting for a while, before the Trendline broke bearish. The price fell down with high momentum, then a strong Rejection Candle stopped the movement. Price made some Pullback and came back down again, where it is now and rejected the price again and also made a double Bottom. Additionally, we have a medium bullish divergence here. With the indications of... the higher Low --> First sign of bullish strength Strong Rejection Candle Another Rejection Candle --> Double Bottom and Medium Bullish Divergence ... we expect an Up-Movement. If you want to understand any aspect deeper or if you have any other POV, we would be happy if you share them! Thanks and successful Trading :-)!
Long
by swissmoneymakers
AUDCHF - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCHF is overall bearish trading below the red trendline. Moreover, the green zone is a strong support turned into resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As AUDCHF approaches the purple 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
Short
by TheSignalyst
5