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Reversal

NZDCAD - Still Trading The Channel 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD has been overall bearish trading inside the falling channel in orange, and as per my last analysis (attached on the chart) we have been trading the channel. Now NZDCAD is approaching the upper trendline again. As per my trading style: As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) We will be looking for sell setups, UNLESS the channel is broken upward. 📚 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
10
Time to buy PLUG? The PLUG short I posted a while back turned out to be right-on-the-money. Now I wonder if it's time to scale back in. PLUG has been absolutely hammered and is lagging behind the recent rally. I trade based on technicals, so I have no fundamentals to point to as to why this might be the time to buy PLUG, but looking at the chart, I can't help but think: Who the hell is selling here? We've clearly established some local support around HKEX:9 here, supported by the VPVR spike circled on the right. I think this is going to come down to macro trends, so this idea could easily get invalidated. But I've marked some targets based on previous levels I'll be looking to take profit on if we do see the rally I'm hoping for. If this idea^ doesn't sound all that convincing, then don't buy, I don't blame you. I would consider this a pretty aggressive entry point, but I'm not watching the market closely enough to wait around for more clear indicators of a reversal. So I'm yolo'ing in and will set an alert to prompt me to stop out if I'm wrong. I already got stopped out of my previous re-entry attempt, which is also partly which I'm scaling in. I also marked a mega-bear target, in case I'm horribly wrong and the market nukes or continues to slowly bleed down for some reason. Happy trades, CD
NASDAQ:PLUGLong
by cryptodonovan
5
ABT Abbott Labs Med Tech Short Setting UpABT is shown on a 4H chart as setting up for a short trade. Demand and Summply Zones are charted by the LuxAlgo indicator. Price touched the supply zone five times in December- January then descended and touched the demand zone several times in mid-March. Fundamentally, earnings reports have been solid. Medical stocks are generally independent of the economy and recession resilient. ABT has risen off the base of bottoms at support . Relative volume exceeds that of the past year showing investor/trader interest has increased. I think it will progress to touch the supply / resistance zone another once or twice and then reverse into a solid downtrend. I see this as worth watching this upcoming week for the reversal.
NYSE:ABTShort
by AwesomeAvani
DOGE - Around Support Again ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1 DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue. 🏹 For the bulls to take over short-term , we need a break above the last major high from H4 highlighted in orange. 🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107 In this case, a movement till the next resistance 0.13 would be expected. 📉 If we break below 0.075 , we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups. Which scenario do you think is more likely to happen first? 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
EURJPY - Strong Resistance Ahead ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY has been overall bullish trading inside the red rising broadening wedge pattern, however it is currently approaching the upper red trendline. Moreover, the blue zone 150.0 is a strong resistance and round number. 🏹 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 EURJPY approaches the upper 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
AUDUSD - Last Bearish Leg! AUDUSD has given us 3 incredible setups in the last few months. Our first trade setup was after we broke the ascending trendline. We waited for a pullback and jumped in. Currently sitting at around 450pips. We also entered twice more on the clean corrections AUDUSD made. We are now anticipating one final leg down before expecting a reversal. Trade Idea: - Watch for subwave 4 correction - Enter on break of subwave 4 correction with stops above the correction - Manually taper off positions as we move down The longer term trade idea would be the reversal. Once we see the 5th wave down, we can monitor it closely for a reversal. One of the ways we can do that is by draw a descending trendline and wait for a breakout, indicating that bulls have stepped in. Goodluck and as always, trade safe! See below for our VIP setups. AUDUSD Trade 1: AUDUSD Trade 2: AUDUSD Trade 3:
by WicktatorFX
1
USDCAD - Bulls Took Over, Now Wait For Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart) USDCAD rejected our lower red trendline and green support, and traded higher. Now USDCAD is approaching the upper red trendline so we will be looking for sell setups on lower timeframes. Moreover, the red zone is a strong supply. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the red supply and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As USDCAD approaches the upper red trendline and 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
Top 6 Trading Patterns:Have You Seen This Trading Method Before?The problem with candle stick patterns is that it takes time to master them -- Also, you need some interest level to really get it -- Notice this pattern? There are about 4 indicators on this chart -- You need to master Japanese candle stick patterns -- The Top 6 indicators used in this chart: 1-EMA 13 Days 2-Stochastic 3-RSI 4-MACD 5-MACD histogram 6-Japanese Candle Stick Patterns -- Before you trade the inverse pattern which is a very professional strategy -- YOu need to master these indicators mentioned above -- After you master them you will learn how to -- Trade the market and screen for good patterns to trade --Notice how the price is below the market value in this pattern -- Thank you for the boost this chart example is my thank you gift to you -- Study these patterns and indicators when you do come back to this chart -- so that you see this history to confirm your professional knowledge -- Study more -- Regards, Lubosi Forex
NASDAQ:ACHVLong
by lubosi
GBPNZD - Looking For Sell Setups Already!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on DAILY: Right Chart GBPNZD is overall bullish trading inside the rising red channel. However, it is approaching the upper trendline. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green weekly resistance and upper daily red trendline. (acting as non-horizontal resistance) As per my trading style: As GBPNZD approaches the upper 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
4
LINK - Strong Like A Castle 🏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LINK has been stuck inside a big range for a couple of months now. At least it hasn't melted like many altcoins during the bear run. 🏹 For the bulls to take over long-term , we need a break above the entire range / above 9.5 Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups. 📉 From a medium-term perspective, LINK is overall bullish trading inside the flat rising channel in red. Moreover, the orange zone 6.5 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 orange support and lower red trendline. (acting as non-horizontal support) As per my trading style: As LINK approaches the lower 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
8
CHFJPY - Strong Resistance - Bearish Reversal! Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart CHFJPY is sitting around a strong daily resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart CHFJPY is formed a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, CHFJPY can still trade higher and even break the resistance upward. 📚 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
3
GBPJPY - Potential Bearish Reversal ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that GBPJPY is approaching a strong daily resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart GBPJPY is formed a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, GBPJPY can still trade higher and even break the resistance upward. 📚 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
9
IDEA - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After an over-extended bearish movement, IDEA has been trading inside a range after rejecting the round number 0.01 We have been stuck inside the accumulation between 0.01 and 0.02 🏹 For the bulls to take over, we need a Daily Candle Close above 0.02 Meanwhile, since IDEA is inside a range and around the lower bound, we will be looking for short-term buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
15