Reversalzone
VIX Trend AnalysisSelf explanatory.
Every time divergence occurred, market reversed.
Expect bearish pressure for both NAS100 & S&P500.
This will be the final correction before bull trend resumption.
Dollar Index broke out of bull flag pattern and most likely to retest and move upside.
Every possible scenarios adding more bearish confluences.
Trade with caution.
Peace!!
EURCAD ReversalEURCAD is approaching a major reversal. We've seen price action take a dive into a liquidity grab and continues to trade lower. I believe this is an attempt to dip into the reversal zone which has been a major sign of an up move. However if price doesn't immediately retract upwards, we could begin to expect it to fall through and take shorts. We can play both sides of the market but I am mainly looking for buys into this zone.
AUDNZD ReversalAUDNZD begins to break down from a reversal level and near touch of a liquidity zone that has been sustained since 2015. I am taking shorts here for a small target but on a much larger time frame. Huge amount of risk reward with setups that test yearly liquidity so I am risking slightly more than average. This is not investment advice rather my analysis.
BTC break and retest on reversal zoneWaiting for a pullback to the 45K reversal zone. Easy break and retest with a grab of liquidity. Expecting longs on the pullback and with this im also taking long call options on MARA with the trend break, liquidity grab and break of reversal zone. Expecting banks to pull in sellers soon and then pulling price back to 45K before next leg up
Tesla OversoldTesla Daily Chart
The last few times, the RSI on the daily chart went under 30, it signaled the bottom of the downtrend, as well as a reversal to the upside.
I suspect Tesla could go down to $780 (Next Major Support) before bottoming out. The RSI hasn't yet gone under 30, but it is very close.
I also use the De-trended Price Oscillator to help Identify tops and bottoms. On that indicator, it is currently signaling that we are likely near the floor of this fall.
Im guessing 2022 will be a bumpy year for stocks in general, and we could see short-lived, but volatile swings in both directions.
USDJPY Potential ShortWelcome back! Here's an analysis of this pair!
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** KiSS 2.0 Strategy Short...risky but extremely overbought. Approaching monthly reversal zone and all KiSS confirmations coming together for scalp/intraday (if you trade this strategy).
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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GBPNZD LIVE EDUCATION ANALYSIS - WATCH AND LEARNWelcome back! Here's a live analysis of this pair!
Please see our previous trade idea that predicted the move for this set up.
COMMENT BELOW and let us know...DID YOU MAKE ANY PIPS FROM THIS SET UP??? :) What questions do you have about the KiSS 2.0 Strategy?
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Brian & Kenya Horton, BK Forex Academy
NZDUSD Analysis I Headed Up for CorrectionWelcome back! Here's an analysis of this pair!
NZDUSD - Weekly support ended at 6740 zone. Overall this pair is strongly bearish and should bounce from strong demand (Buy Zone). Ideal tp would be 6800 area.
COMMENT BELOW and let us know your thoughts or questions!
**
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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#PLTR - Reversal H&S under formation. Get ready to go...Palantir is showing a right shoulder under formation, with the characteristic that the volumes on the head are low, as it should be for this kind of reversal pattern.
In my opinion the price is now targeting the 21.30$ level, where it will probably and ultimately breaking the H&S neckline. This might be happening today or on Mon-Tue next week and not necessarely in today session
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
USDCHF Analysis Intraday Long Set UpWelcome back!
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*****
Intraday bias is a rise from support zone to 9285 area. Break of 9240 will turn bias back to the downside for 9084 (swing) support instead. Where do you think USDCHF is headed? :)
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
ETHUSD -D1- UNCERTAINTY AND INDECISION IS PERSISTING !Yesterday's price action triggered a "DOJI" pattern which is showing a "persisting uncertainty and indecision" about further direction.
Indeed, such kind of pattern should be seen as a gentle warning reminder which could impact the recent ongoing uptrend price action...
As long as the ETHUSD hold above the clouds area (support area) it is fine and this could be considered as a consolidation phase (corrective move only) and not
as a reversal yet !
On the other hand, a failure to clearly breakout the former high (3654 reached yesterday) (daily closing basis !), should trigger a renewal selling pressure in putting the focus to the clouds
support zone (3500-3000) and this, on a daily basis analysis.
Last but not least, a sustainable move below the former downtrend line resistance (triangle top line) would also confirm a "bull trap" !!! and probably, accelerate the downside
move towards, firstly the 3'250-3150 cluster support area ahead of the clouds bottom level previously mentioned around 3'000
CONCLUSION :
LEVELS TO WATCH :
UPSIDE : 3'650
DOWNSIDE : 3'450-3'400
Watch also carefully price action on the Lagging line !
WEEKLY PICTURE .
Still in a broad downtrend !
H4 :
Currently showing a sideways price action (3'350-3'650)
Supported for the time being by TS and MBB
H1 :
Still above the clouds. Watch 3'500 as short term support level
Ironman8848
Reversal/Buy Zone GBPUSD.Buy zone long term reversal gbpusd daily chart 1.3240 - 1.3075. 165 pips zone area strong monthly broken resistance that may act as potential support from this zone. No longs until the zone then see price action. Still minimum 241 pips to the highest level of the zone remaining to fall from current price as in the chart. Max 406 pips to the lowest level of the zone.
38.2% fib level of daily impulsive wave, the buy zone as per the analysis shown above.
Don't be fooled in BitcoinAs discussed in recent analysis here on TradingView Bitcoin does, until proven otherwise, trade within a big zigzag correction. (For more information on this, please see our previous posts.)
The downwards break of the B-wave came as no surprise as we thoroughly discussed its inherent weakness throughout. What we see now is likely the initiation of the C-wave in which we are now in the second correctional wave of the first wave.
What's more to it is the fact that Bitcoin's prospect second wave of the first wave of the C-wave is now trading right at horizontal resistance (zone 2, please see picture). Even if the price were to temporarily ignore this zone (which by no means is unusual amidst correctional moves) I still don't expect Bitcoin to push above $49 100 which coincides both with the 618 fib and a horizontal resistance line of its own.
On a final note, support zone 1 is one of key importance. This is the key divider between the bulls and the bears. As we can see, any touch on this historically has resulted in violent price moves. The only main exception is the rejection in early August upon which the bulls immediately stepped in and showed their presence. If we were to see a similar move soon upon re-testing this zone (zone 1), then fasten your seatbelts, for then Bitcoin will go down hard.
If, on the other hand, Bitcoin were to bounce aggressively upon such re-test it could very well prove to be the reversal prior to new all-time highs.
Personally, I don't expect it to hold. Yet, I will still take a high RR long position.
My plan here is to release the position immediately if Bitcoin were to plunge through this support right away. But as I expect this zone to be too strong to break through without a fight I will take a speculative long here. What I will do is to set my first target between $44 000-45 000 and, at which I'll release 10-15% of my total holding. At the same time I'll increase my stoploss to breakeven. In this instance, I'm guaranteed profits regardless of what. If this in fact were to be the key reversal then we'll have bought at the absolute low. If Bitcoin were to break below without a fight, it means the bulls are exhausted. In such case I'll look to ladder in leveraged shorts as I'd then expect the price to drop significantly - technically as low as $22 000 (again, for more on this, please read the previous analysis here on TradingView).
Reversal Zone Indicator / bitcoin litcoinIn this video, I show my most recent indicator that I have created which spots reversal zones based on stochastic RSI indicator combined with MACD indicator.
Potential buy zones are indicated with green columns printed on the chart, and sell zones are in red. a signal is more powerful and accurate whenever its surrounded by black bars before or after.
EURNOK seeking to make it 4 out of 4 🎯Entry details are shown on the chart.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous three trades shown all hitting TP mark.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Thank you.
Darren.