Trend-reversal
APPLE - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
APPLE is overall bullish trading inside this big brown channel and it is currently sitting around the lower trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: APPLE is forming a trendline in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray zone)
Until the buy is activated, APPLE would be overall bearish and can still trade lower and lower. In this case, we will be looking for buy setups as it approaches the lower blue support around 100.0
Good luck!
~Rich
SILVER - Wait Like A Sniper!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SILVER is approaching support in green and brown trendline from H4 so we will be looking for trend-following buy setups on lower timeframes.
on H1: SILVER is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Knowing that SILVER can still test the support and form two swings around the upper red trendline before the buy setup is activated (projection in blue)
Trigger => Waiting for that swing to form (one or two) and then buy after a momentum candle close above it. (gray zone)
Until the buy is activated, SILVER would be overall bearish and can still trade lower and lower.
And of course, as SILVER approaches our upper blue supply and round number 30.00, we will be looking for sell setups.
Good luck!
~Rich
EURUSD - New Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURUSD is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.
EURUSD is forming a channel in blue (but it is not valid yet) so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. (projection in purple) and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break the channel upward.
Good luck!
~Rich
NZD/USD market setupThe first setup to begin the week, we've seen a clear that of the third drive into the downwards trendline, with consisting candlestick rejections and reversal candles(doji) showing bias towards a more bearish move on this pair.
1st targets retest into daily support.
risk/reward ratio 1:2.3
market execution: EUR/CAD analysissigns of bearish exhaustion around the 1.5490 price region, which price could consolidate around the supporting trendline and fib level and create new momentum towards the highs. Reminder, that on larger time frames price is still exceedingly bullish for euro versus the Canadian.
risk/reward ratio is 1:2
USD/CAD market positionutilising the market trend as a general map of how price action is behaving, USD/CAD has been trading aggressively bearish. Despite price attempting to reverse, we see a strong confluence around current price region acting as a resistance for candlestick rejections as well as a key fib level.
risk/reward ratio 1:2
intraday setup eur/usd analysisPrice is still relatively bullish on the long term aspect, we have seen some liquidity around the top of the psych price region, and we are currently seeing signs of momentum to the upside to potentially tap or break above that region. A preferred area of buying has grossed our attention around this confluent region where price could respect the trendline and fib before trailing higher.
great risk/reward ratio