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CADJPY - Wait For The Trigger!Hello Kucoin Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart CADJPY is approaching a supply zone so we will be looking for sell setups. Knowing that CADJPY can still trade higher till the previous major high. That's why we don't sell blindly, we always zoom in to lower timeframes and look for the bears to take over. on H1: Right Chart CADJPY is forming a wedge pattern in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. Trigger => waiting for that third swing to form and then sell after a momentum candle close below the gray zone. Meanwhile, until the sell is activated, CADJPY can still trade higher. Which scenario do you think is more probable 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
2
EURUSD sell zone Yesterday, we said that the pullback has already started Today, we will see when is it going to end and the potential sell zone. What we want to see today is another push higher to 1,0027-1,0101. Once we see price around those levels, we want to watch out for possible exhaustion in price and that will give us a signal for potential short positions. Targets will be below 0,9900. Once we see that reversal to the downside, we then will be able to determine specific tp levels.
by ForexTrendline
4
XRP at the top of the support zone!Hello, we are reviewing the XRP to USDT chart on a 1 day time frame looking at the long term. It is worth designating two channels, the yellow lines for the uptrend channel and the blue lines for the downtrend channel in which we are currently. A price behavior that moves from the bottom to the top of the channel can be used for short-term licks. It is worth noting that we are currently in the lower part of the channel and in the support zone. Looking at the price of XRP in the long term, it is worth setting two resistance zones that we must overcome in the future, the first is from $ 0.682 to $ 0.947, while the second is from $ 1.33 to $ 1.62. Let us pay attention to the CHOP indicator which indicates that on the 1-day interval we are starting to regain energy, and the MACD indicator shows that the blue line has crossed the red one from the bottom, which confirms the local upward trend.
by cryptodailyuk
3
ETH collects a lot of energy on a 1-day intervalHello everyone, let's take a look at the ETH to USDT 1 day chart as we can see price movements in the upward channel denoted by the yellow lines. It is worth designating two support zones that the price has in the event of a correction, and as you can see, the first zone is $ 1,570 to $ 1,442, but if the next zone is broken, the next zone is $ 1,224 to $ 1,070. Now let's move on to the resistance that ETH has in front of it. In this case, we can also designate two zones, the first of which is in the range from $ 1,913 to $ 2,235, while the second is in the range of $ 2,564 - $ 3,012. Note the CHOP indicator, which shows that we still have a lot of energy for the next price move in the 1-day range, and the MACD indicator shows that we are in a local downtrend.
by cryptodailyuk
BTC is moving in the channel. Two important zones!Hi everyone. Today we have marked the channel with blue lines in which the BTC price is currently moving. Then, with the help of the white arrow, I tried to set the course route for the next few days on which the BTC price may move. As you can see, we have two important zones: -the first of them is the support zone which is from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. - the second is the resistance zone, which we have from $ 24,696 to $ 26,196 breaking out of this zone may result in further increases above $ 30,000 Currently, the price is moving nicely sideways on our channel, going down to the top of the channel, which can be potentially used for short-term licks. It is also worth paying attention to the CHOP indicator, which indicates that energy is slowly running out, and the MACD indicator, which indicates that we have entered a local downward trend. However, please remember that this is not an investment advice.
by cryptodailyuk
2
CADJPY - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CADJPY is approaching a supply zone in red so we will be looking for sell setups on lower timeframes. on H1: CADJPY is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that third swing low to form then sell after a momentum candle close below it. (gray area) Meanwhile, until the sell is activated, CADJPY can still trade higher. 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
GALAUSDT is going to retest the demand zoneThe price bounced on daily demand zone on 0.05$ and now the price is creating equal lows above it. The price could reset the demand zone in order to grab new liquidity to reverse the main trade how to approach it? The price needs to grab new liquidity and create a breakout from the dynamic and static resistance. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
GBPUSD Short! Trend is Bearish regarding daily analysis. There is a broken zone around 1.2437 The zone was broken by an engulf which leads to a base and a DBD! The first shorting chance was around 16th of Jun. A new SR has been formed there A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it. We see a compression in the bullish move and the zone may work again. There might be some long option at the green zone nut enter them after a confirmation. For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !
Short
by AliSignals