Get started

Thesignalyst

GBPCAD - Approaching A Strong Resistance 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline. Moreover, the zone 1.74 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance. As per my trading style: As GBPCAD approaches the orange 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
by TheSignalyst
6
📚 Bow & Arrow Pattern 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today, I want to share an interesting pattern that I always use to speculate (to an extent) the next move of an asset. 🏹 I call it the "Bow & Arrow" pattern. This pattern can be either bullish or bearish, but for today, I will be focusing on the bullish reversal patterns. On the chart, I have highlighted three previous examples for illustration purposes (in red, orange, and purple). The pattern consists of three cycles: 1️⃣ First, there is a bearish impulse that breaks below a major low. 2️⃣ Second, a correction forms followed by another bearish impulse. 3️⃣ Third, the bulls take over, resulting in a complete shift in momentum. 📉 We can clearly see this pattern playing out nicely on the XRP weekly chart. If we apply the same logic and pattern to the current price action, we would expect the next bullish impulse movement (3️⃣) to start soon, which should be confirmed on lower timeframes. 🗒 What do you think? Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
Education
by TheSignalyst
22
ETH - The Range is getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been overall bullish medium-term trading above the blue trendline and it is currently retesting it. Moreover, the zone 1830 is a strong demand. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. 📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930 📉 On the other hand, if the green demand zone is broken downward, expect further bearish movement till the 1750 support. 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
by TheSignalyst
15
BTC - Correction Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were waiting for the bulls to take over by breaking above the blue highs or the correction to start by breaking below the gray zone. Since we now have the break below the last H4 low in gray, the correction started. 🏹 In this case, as mentioned, we will be waiting for BTC to approach the green demand zone to look for new buy setups . Unless, the bulls regain control aggressively by breaking back above 25,000 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
20
LINK - Once A Castle; Always A Castle! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK has been stuck inside a big range in green between 5.0 and 10.0 and it is currently sitting around the lower bound (5.0) so we will be looking for buy setups. For the bulls to take over, we need a break from a short-term perspective, we need a break above the last minor resistance in orange around 6.5. And for the bulls to take over from a medium-term perspective and then a long-term perspective, we need a break above the upper orange zone and green zone respectively. Meanwhile, until the bulls take over, LINK can still trade lower to test the 5.0 zone 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
by TheSignalyst
30