CADJPY_28.09.2023_Potential to develop triangle & double topCADJPY analysis:
1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down.
2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern.
3. Time frame H-4, price has the potential to develop rising wedge pattern.
Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position.
Notes:
- This is a personal analysis, please adjust it to the existing conditions.
- This is not a buy/sell recommendation. This is just my personal analysis.
- Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
- Still in the learning process, let's learn together :)
Thank You
Reversal
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon.
Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post).
This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off.
All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
GBPAUD: “Reversal” Setup “IB Momentum” Buy Stop Entry (37/100)System has identified a “REV” playbook setup and a potential inside bar breakup for a “momentum” shift buy stop entry during the third hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
EURAUD downside incomingGreen: Daily range
blue: weekly range
yellow: monthly range
Based on my analysis and personal strategy, all time frames scream for more downside to come into play. I already made a great short trade on this early in the week, and I think more short opportunities are presenting themselves.
NZDUSD - Trading The Range 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDUSD has been trading inside a big range between 0.587 and 0.605 and it is currently sitting around the lower bound so we will be looking for buy setups.
NZDUSD is in the making of a potential double bottom pattern, but it is not ready to go yet.
🏹 For the bulls to take over, we need a break above the gray neckline at 0.5932
Meanwhile, until the buy is activated, NZDUSD can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF - Now OverSold ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we have been looking for sell setups around the upper bound of the red channel.
EURCHF traded lower and it is now approaching the lower bound of the channel.
Moreover, the zone 0.945 is a strong support.
🏹 So the highlighted red 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 a non-horizontal support.
As per my trading style:
As EURCHF is sitting around 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
1:5!King W. Harbmayg’s
Journal Entry #39
“Direction” via 1H
A. Is price above the 800 EMA?
—yes!
“Structure” via 15M
A. Did price respect the low of yesterday’s market just prior to session open?
—yes!
B. Did the market invert from selling to buying pressure?
—yes!
Conditions are met!
Place the buy position when most optimal!
UJ: “Reversal” Setup on “Momentum” Entry (30/100)System has identified a “REV” playbook setup with a potential sell stop “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
AAL - Preparing for Takeoff? ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
AAL has been trading inside a big range between 10.0 and 20.0 round number.
This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last major high highlighted in gray.
Meanwhile, until the buy is activated, AAL would be bearish and can still trade lower inside the support zone.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
UJ: “Reversal” & “BOBBI” Setup on “Momentum” Entry (28/100)System has identified two setups. A break out break back in, “BOBBI”, and a “Reversal” playbook setup along with “momentum” shift market entry during the third hour of the ASIA 12-Candle Window.
RISK: 2R
TARGET: 8R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
USDSGD - Text Book Reversal!USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal!
Now that we've topped, we can look for any pullbacks to add a position for the massive drop.
Trade idea:
- Watch for pullback
- once pullback appears, look for a trendline break or structure rejection
- Enter with stops above the highs (above 50 fib)
- Targets: 1.305 (700pips), 1.27 (1000pips)
Goodluck and as always, trade safe!
AUD-NZD Buy Opportunity. 3+ R:R Reversal TradeWe are wedging down and losing momentum for a continued downside push. On the HTF we have major imbalances above and will require mitigation of supply in order to continue this downtrend.
Looking for a FVG mitigation below and to find support at 70% retracement fir upward push to break out of wedge
AUD-NZD Buy Opportunity. 3+ R:R Reversal
BTC - What Next ❗️📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
BTC - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
This week, BTC rejected the 28,000 resistance and is currently trading lower, so the bears are in control from a short-term perspective.
However, the overall bias is still bullish as BTC is still trading inside the rising channel in orange.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange 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
CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY 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
AMD opening @ reversal zone with max dip ~97-98Watch AMD for a bounce at 97 on a market open fakeout.
I already alerted puts (bearish) @ 108 and the stock is already down -8%. That's a large gain in 3 days. Watch for key reversal. If it doesn't reverse, can see a lot of volatility.
Tagged the puts idea.
💯 AMD not a lot of sell pressure down here. Watch itFor a swing I'll try to get a good entry on AMD. I've been trading it up and down for 2 weeks now. See my ideas. At 108 I said it should get rejected and fall back to support. We are at 103.XX now. I ideally want 99-101 for a long entry but I don't think there's too much selling pressure here anymore.
Watch it above 104.60 for a breakout.
We all see the flag on AMD daily chart:
Follow and like this idea for more insights. Welcome to join my community! Thanks for reading.
AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.
📈 AMD back @ flag's top trend. Watch for breakout/ rejectionJust a recap of this trade so far:
Posted this @ 108 calling for a bearish rejection.
After it failed to bounce from 101-103, I was certain it'd head over to 95-98, or the bottom TL at most.
When we hit the bottom TL, I called for a buy signal @ 95.
Will tag all these for proof.
Now we are at the top TL, which is the ultimate PT from 95. We hit this in 2 days. +10% in 2 days. That's right.
When you wait for swings to come to you, you will make the most money.
Here's the alert @ 95-96:
We waited a week or two for this perfect bounce. That's the best way to swing.
One way to swing is to buy, buy more, buy more, and buy some more. Another way, is to wait for the right moment and wait for the trade to come to you. If you miss it, you miss it. All good, there's tons of trades on the market.
NASDAQ:AMD NASDAQ:QQQ AMEX:SPY NASDAQ:TSLA NASDAQ:NVDA