EUR USD ideaHey there, groovy Monday crew! 🌞🏄♂️ Time to dive headfirst into this market madness. You know the drill - Monday kicks off with its classic quick manipulation, just a tease before the real show starts on the Dollar Index (DXY). Smooth moves with dxy leading to that picture-perfect setup on EURUSD down to hell of course🚀
Now, let's chat about these levels, dude. We've got more of 'em than seashells on the beach, and a whole bunch lurking beneath the surface.
Here's the plan: let's keep a close watch on how Monday wraps up. Patience is our jam with the longs - no need for a gazillion stop losses, you know what I'm saying? And guess what? The dollar could totally pull a surprise move and decide to hang in that bullish zone out of the blue.
So stay cool, and let's ride this wave while we wait for the market to reveal its next move. 🌊🤙
Technical
BIOL | Bull run starts here! | 8.8.23Waiting for #BIOLASE #BIOL #NDAQ #NASDAQ
NOT INVESTMENT OR FINANCIAL Advice!
GBP USD ideaAh, my esteemed colleagues of the financial surf, behold the captivating dance of the GU pair! We find ourselves gracefully navigating the oscillations between bullish and bearish distributions, like a true surfer riding the ever-changing waves of the market.
With hopeful hearts, we yearn for a resounding rejection from the bullish domain while carefully gauging the dollar dxy's vulnerability amidst the impending news releases this week.
Yet, my fellow surfers, let us never forget the paramount importance of structure in this grand financial ocean. Patiently, we shall read its subtle nuances, seeking clarity and wisdom in each crest and trough.
Day by day, we embark on this intrepid journey, allowing the currents of the market to guide our steps. For in the pursuit of success, diligence and attentiveness become our trusty companions.
UJ potential pullback upwards likely to bias short
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EU contrary to USD move, likely moving up
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USD Likely taking a turn to the down side
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
BTC - Critical Resistance Retest ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 This week, BTC broke below the 29,500 support level and the previous major low, signaling the bears' dominance in the market. Currently, the price is trading within the falling red channel, indicating a downward trend.
📈 To regain control, the bulls need to achieve a momentum candle close above 29,850. This could potentially shift the market sentiment in favor of the bulls.
📉 However, it's important to note that the overall bias remains bearish, and the recent short-term bullish movement may be considered a correction within the larger downtrend.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
GBPCHF - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF is retesting a support zone in blue so we will be looking for buy setups on lower timeframes.
GBPCHF is forming a double bottom pattern but it is not ready to go yet.
🏹 For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, GBPCHF can still trade lower inside the support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC AnalysisHi traders!
As I previously analyzed (You can see it in my profile), the price reached near the 31K.
This resistance zone becomes a crucial one as for it coincides with the RSI satiation and mid line of the channel.
If price can break below the KEY zone (shown in image), a further retracement down to TARGET shown in image is probable.
Have a nice day!
TRX 4H ForecastTRX had a downward spike in previous market movement, and we can look at this upward price movement as a correction (CP).
Price got close to the gray order block but didn’t get a chance to enter, but if you look closer, you can see it did a Double-top with the Pin-bar shown with the red line .. and made an excellent downfall after that .. now the price is near the dynamic trend line, and was looking for good spots to enter, Here are the instructions :
1 - Price goes up to the resistance shown with line 1, which is also near the neckline in lower timeframes.
2 - After that price moves back down to Line 3, which is a Support zone in his time frame and higher time frames.
3 - next, t price moves back up to line 2, which is a golden pocket
4 - and then goes to line 4, which is the last support zone in this time frame (support zone near the price ), and that’s where the whales are waiting for you
Please leave your comments, and let's talk and share some insights.
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!My short-term view on the markets:
Bitcoin is looking bullish long-term. However, with the failure of breaking through 31,000 it becomes more likely for BTC to fall. The bottom dotted support line must hold to keep the long-term bullish trend intact.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content
XAUUSD - GOLD BEARISH IDEASame like as my last idea about gold.
I'm still bearish , 1960 and above has become a major resistance and a strong one to break.
1955 level is broken several times to the downside.
But what is actually happening is because of the range :
MAJORITY OF PEOPLE WIILL PLACE THEIR SELL&BUY ORDERS ON IMPORTANT LEVELS
THAT FOR THIS RANGE ARE between : 1945 / 1955 / 1965 and above
this kind of range is very high risk for intraday trading there will be to so many
candle wicks and stop hunting.
my prefer setup for 07/18/2023 is on the chart.
I'll for the price to make a close-high on Asia or London then I will open
sell positions manually same as today based on price action based on 1H/4H
What is your idea?
Do you guys have the same idea?
AUDNZD Falling Wedge PatternAs we can see, we spotted falling wedge pattern, clearly seen on 1H timeframe and the price has broken the pattern, and you can see candle shape in daily timeframe that show you why i looking for sell
You can come in with me with the take profit and stop loss area that I have set on the chart above
let see
dyor
EURNZD Intraday Trade IdeaFrom my technical view, the 4H trendline has broken, the 4H candle shows hammer pattern and the price made bullish structure in minor timeframe .so,today eurnzd will go up, the chart I show is the conclusion of my analysis, so as not to confuse you guys
the area over there is an area where you can entry, you can wait the price move up and retest for better confirmation that the price will continue to move up
Our target is 1.76735
let see...
dyor
Finding Bottoms Using Monthly Inside Candles: SNOWThis past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method:
Monthly inside candles/bars.
----------------------------------------------
What is an inside candle/bar?
Inside candles trade “inside” its previous candle. The previous candle’s high and low can be used as resistance and support, respectively. Your trade execution comes on a break & hold above/below the range.
Here are a few examples of this:
pbs.twimg.com
----------------------------------------------
NYSE:SNOW
This has traded within it’s May ‘22 inside range for over a year. This has been one of my top watches earlier this year.
The range provides a macro resistance/support of $187.23 and $112.10, respectively. These levels can now be used as targets for your trades.
How do I execute on this?
Zoom into LTFs to find swing opportunities. In my 1/23/23 weekly watchlist, I provided NYSE:SNOW based on a previous bull div + key support/demand being held (red box).
pbs.twimg.com
All swing contracts provided on the WL printed, while NYSE:SNOW saw a massive upside move from $140 into $178.70 within 2 weeks.
You’ll also notice my invalidation for this was $133.10 while the low was $134.34. This invalidation was based on a breakdown of the range low.
Now once again, on 3/31/2023 I mentioned NYSE:SNOW as a potential high R:R trade.
Based on the exact same reasoning as my January WL.
Once again, NYSE:SNOW was able to hold its demand zone with a macro target of the monthly inside candle resistance.
NYSE:SNOW
The same exact entry & same exact analysis now provided a recent move into my $187.23 target. First move providing a 33% move, second providing a 42% move.
This is how you take advantage of macro inside ranges (specifically monthly candles in these examples).
pbs.twimg.com
AUDJPY Intraday Trade As we can see, the price has broken the major trendline and confirmed with 4H candle, in the 1h timeframe we can see double bottom and has broken the neckline, 2 confirmation valid.
if we go to the 30m timeframe, we can see the bullish structure that we can use for entry
this is just intraday trade, maybe the major trend and minor trend doesnt match, but we can take little by little from the movement, note that
our target is 95.052
let see...
dyor
CHFJPY Try to understand the movementAs we can see, at 2h Timeframe it is very clear that the price made a channel pattern, and yesterday it has broken through the resistance. where will the price go? from my point of view and how the candle moves ( you can see the daily candle ), the price will go to the strong area and will come back again. what's unique from here is that I found the possibility of a triple top pattern occurring
let see,
dyor
EURUSD - Anther private school short entryThe current trade setup for EUR/USD shows a bullish overall trend, while the short-term trend is bearish. Traders with a swing trading strategy might consider seeking long-term buying opportunities. It is crucial to emphasize the importance of employing effective risk management techniques throughout the trading process.
Happy trading!
Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market.
Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move.
On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
Bharat Forge Ltd. Double BottomA Double Bottom formation has emerged on the Daily chart of Bharat Forge, and the price is currently approaching the neckline of the pattern. The slight upward tilt of the second bottom in the pattern suggests a bullish bias. Furthermore, the 10EMA has crossed above the 50EMA, indicating a potential upward movement.
I have placed a buy order at Rs. 802.50, with a Stop Loss set at Rs. 756.53, which corresponds to the bottom of the pattern. With a Risk:Reward ratio of 1:1, the Target Price can be set at Rs. 850.