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Reversal

AUDCAD - Already Over-Bought 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. 📚 As per my trading style: As #AUDCAD is hovering around the 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
4
USDCAD - TRIO RETEST 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong resistance turned support highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines. 📚 As per my trading style: As #USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
3
BTC - 60k Support Confirmed 👌Hello TradingView Family / Fellow Traders, 📦 This week, BTC confirmed the rejecting of the $60,000 support. 📈As long as the $60,000 support holds, I am expecting a continuation towards the next resistance at $70,000. 🏹 Then for the bulls to remain in control, and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
5
Gold - Decision Zone ⚠️⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bullish medium-term (daily) and long-term (monthly) trading within the rising channels and wedge patterns in blue and orange respectively. Currently, #XAUUSD is hovering within a narrow range marked in red. Scenarios: 1️⃣ Bullish Continuation For the bulls to regain full control, a break above the upper bound of the red range is needed. In this case, a movement towards the $2500 resistance zone would be expected. 2️⃣ Bearish Correction In parallel, if the lower bound of the red range is broken downward, we expect the bearish correction towards the $2160 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
6
GBPNZD - Wait For The Beast 🎶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPNZD has been overall bullish , trading within the rising channel in blue. Currently, GBPNZD is in a correction phase, approaching the lower bound of the channel. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. 📚 As per my trading style: As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Long
by TheSignalyst
3
EURAUD - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURAUD has been hovering within a big range between our blue support and red resistance. Currently, EURAUD is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On 1H: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray. 📉 Meanwhile, EURAUD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURUSD - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue. Currently, EURUSD is hovering around the lower bound of the wedge pattern. Moreover, it is retesting a strong support zone in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
3
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one. I believe this to be a pivotal month for ETHBTC. Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here. There is everything you want to see here if you're going to take a bullish stance. 1) Confirmed triple bullish divergence on both 1D and 1W. 2) Fake break of structure with a dip down and then pop back up on the 1W. 3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W. 4) Stochastics ready to go back up on both 1W and 1M. 5) Six months and counting of price action hanging onto the lows without truly breaking down. 6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks. 7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone. This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place. A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case. If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
Long
by Andewyl
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red. Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline. Moreover, it is retesting a strong support zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
BTC - Bullish Trend Reversal? Bitcoin is starting to teeter on the border to a bullish trend reversal. The probability of a pump is high within the next 1-3 days. If we can get to a price above $24944.90 USDT/BTC then I would feel safe enough to claim a bullish market trend reversal to at least $29415.43 USDT/BTC. We might see another dip at $24k. Key Takeaways: The $19k support has proven strong for the fifth time since March. Last daily candle is forming a very nice hammer. I expect a big fat green candle within the next hours to few days . Daily RSI is in uncertain area but not anywhere near overbought. Volume seems to be picking up. I expect higher volatility within the next 1-3 days . Hopefully a pump. The Ichimoku Cloud is showing me the green light to buy soon. I would consider above 22.5k a safe place to not worry about bearish reversals. Resistance lines are calculated by the mathematical Fibonacci sequence of the last bear market. I do not think it is wise to buy/sell anywhere near too close to the lines. Expect price dips/pumps in those areas. My last dump prediction was 100% correct: As you can see, the moment we went into the "danger zone" we instantly dumped, hard. The "risky zone" was a perfect place to stop loss. This Is Not Investment Advice. No ideas that I post are to be considered investment advice. DYOR
by GoldArti
4
BTC - Wait For The Bulls 🦬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been stuck inside a range within the shape of a symmetrical triangle. Currently, BTC is in a correction phase, approaching the lower bound of the triangle. Moreover, it is retesting a strong support and round number $60,000. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) This bullish scenario will hold, unless the $60,000 is broken 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
10
FRR is On The Verge of a Colossal 1400% Break-Out!Hello Traders. First of all, This is my personal opinion, always do your own research, Not Financial Advice! As you Can See, FRR was in a Descending Channel And After Breaking The Bottom Of It, It Reached The bottom Of The cloned channel Just Yesterday. So, As You May Know, The bottom Of channel is The Support Zone, And It Could Goes Toward The Middle Of The Original Channel Specified On The Chart. Please Notice These Weekly FVG Zones That Should Get Filled In The Future. The Only Major Resistance And Powerful Order Block Exists On The Way, Is This weekly Order Block Above The imbalance Zone, Around 0.00064 - 0.00082. This Order Block is 1400% higher than The Current Price And As you Can See, It Crossed With The Middle Of Channel Which That's A Proof For Validate This Order Block. So, I Think It's simple. It will Go Toward This Order block . Target : Something Between 0.00064 - 0.00082 ( At Least 1400% From current Price ) KUCOIN:FRRUSDT Good Luck :)
FLong
by Trading-Mechanics
4
Cold "Shoulder" from AUDUSD - Head & Shoulders FormingHere I have AUD/USD on the 1Hr Chart! Price has found quite a Support @ .64848! Not only that, but we have 2 Clear Tops and price is working on a 3rd!! If price is unable to move any HIGHER than this Resistance @ ( .65296 - .65246 ), I suspect price will move back down to the Support or "Neckline" and with that, will have completed a VERY STRONG reversal pattern called HEAD & SHOULDERS!! Adding confluence to this idea is the Divergence forming based on the Highs on the RSI -INVALIDATION of Pattern will be if Price Breaks and Closes ABOVE ( .65296 - .65246 ) -CONFIRMATION of Pattern will come if Price Breaks and Closes BELOW .64848 *If CONFIRMED, will be looking for Selling Opportunities!!
Short
by Novi_Fibonacci
4
Market Direction using SPY historical trend patternsFrom a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action, we observe a striking resemblance in the market behavior, as the price retraces from a similar percentage drop of around 5%. The question arises: Is the market genuinely recovering, or are we merely witnessing the formation of another M-shaped pattern!
AMEX:SPY
by MESHANL
3