xauusd recent analysis based on market movementsfrom the volatile market movements in us section 2407 now acts as a major pivot. any movements above this section will be a buy upto the area of upper interest 2450 and breach of this pivot will draw market down passing various supports down to 2376.
PIVOT 2407
RESISTANCE 2427, 2436, 2449, 2463
SUPPORT 2407, 2400, 2397, 2392, 2383, 2376
support like share and follow us
Trend
BTC - Bullish Continuatio?Hello TradingView Family / Fellow Traders,
📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher.
What's next?
For the bulls to maintain control, a break above the structure marked in blue is needed.
🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XAUUSD UPDATE (Risky-ShortTrem Setup)
Hey team Hope you are Enjoying our ideas and Analysis, Today in Trading Session we are monitoring XAUUSD Looking for Bearish But there is Alot of Risks in Bearish Because That Breaks all Support levels....
XAUUSD (UPDATE)....!!
RISKY SHORT FROM ALL TIME HIGH..
Gold is trading in a Strong Uptrend but the price Failed to reach the Supply Zone 2438-2445, Which is also a Resistance Level which in Turn indicates that the market is likely that we will first see a Bearish reaction on Gold from the Resistance
Good luck Guy's.....
AUD-USD | 4H | TECHNICAL CHARTHello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Thank you for considering my analysis and perspective.
Good luck
USDCAD - Massive Support 🚀Hello 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
EURUSD - Follow the Flow 🏄🏻♂️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bearish , trading within the falling channel in red.
At present, EURUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong supply zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches 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
TrendsThe trend represents the directional movement of prices and plays an essential role in most technical trading systems. Technical analysis differentiates between trending and non-trending markets, also called flat trending markets. Trending markets can be either moving upwards or downwards. The upward-moving market is called the bull market, while the downward-moving market is called the bear market. Normally, a market is considered to be in an uptrend when the price reaches higher peaks and higher troughs. On the contrary, the market is regarded to be in a downtrend when the price reaches lower troughs and lower peaks. The non-trending market occurs when there is no significant uptrend or downtrend, and the price moves within a certain range. Thus, the flat trending market is notorious for its sideways-moving price action.
Key takeaways:
Trends can vary in length and are classified into four main categories: primary, secondary, minor, and intraday.
The primary trend is the most significant trend, lasting for months or years. It's characterized by the overall direction of the market.
The secondary trend opposes the primary trend and usually lasts for weeks or months.
Identifying trends is crucial for technical traders. Methods range from simple tracking of recent lows and highs to more complex mathematical formulas.
Trend classification
Trends tend to be of different lengths. According to these lengths, trends fall into four main categories: primary trend, secondary trend, minor trend, and intraday trend. The primary trend is the only inviolable trend and lasts for a long period, usually months or years. The secondary trend runs counter to the primary trend and is often measured in weeks or months. Further, the minor trend is measured in days, and the intraday trend is represented merely by daily fluctuations in price.
The primary trend
The primary trend can be subdivided into three distinctive phases. The first phase of the primary uptrend begins with the revival of investors' confidence from the prior primary downtrend. That is followed by the second phase, in which asset prices increase in response to growing corporate earnings. In the third stage, speculation becomes the dominant force driving markets higher. This environment, when asset prices are rising on the hopes, dreams, and expectations of individual investors, tends to foreshadow the beginning of the primary downtrend. Its first phase commences with the abandonment of hopes and dreams upon which investments were made. That is followed by selling pressure due to falling corporate earnings in the second phase, which later escalates into panic selling in the third stage.
Illustration 1.01
The illustration displays the weekly chart of Nasdaq continuous futures (NQ1!) for the period between late 2001 and 2008. The primary bull market began after the bottom of the “dotcom” bubble and lasted until the peak of the real estate and credit crisis in 2007.
Illustration 1.02
The image above presents the daily chart of gold (XAUUSD) during the 2008 bear market when it dropped 34%.
The secondary trend
The secondary trend is the intermediate-term trend. Its direction is opposite to the primary trend, and it represents any significant price drop in the primary bull market or price rise in the primary bear market. The secondary trend usually lasts for weeks or months. Its measure in percentage terms tends to range between 33% and 66% of the range of the primary trend. This trend is considered to be prone to market manipulation as opposed to the primary trend.
Illustration 1.03
The picture shows Bayerische Motoren Werke's (BMW) daily chart throughout 2020 and 2021. The white dashed-line box indicates the primary uptrend, and the grey dashed-line boxes indicate the secondary trends, counter to the primary one.
The minor and intraday trend
The minor trend lasts for a few days or weeks, yet always less than the secondary trend. It is more difficult to identify than previous types of trends since its amplitude in percentage terms is significantly less when compared to the primary and secondary trends. The same applies to the intraday trend that lasts for a few seconds up to several hours; it represents daily changes in the price and is regarded to have little predictive value.
Trend identification
Identifying a trend is crucial for a trend-based technical trader, and there are plenty of methods how to identify it correctly. These methods can be simple or very complex. The simplest method of identifying trends can be done by tracking recent lows and recent highs in the price of an asset. Other simple methods involve using lines, trendlines, and curves; more complex methods usually involve the use of mathematical formulas in order to generate a set of valuable data.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This article is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
005. More evidence of multidimensional market structureWith this video I intend to close my argumentation of a multidimensional market structure
Tools that casts Fibonacci shadows and limits on price movements can be plotted in so many places! Where to plot them?!
This is a common doubt traders have. When we gain experience from market we understand it doesn´t matter. Price will eventualy hit the targets of a chosen set up - if the trend alows it!
This proves my point that there is in fact many more axis of information beyond price movements, and although they cannot be plotted in a 3D chart, we can get those extra dimensionals
And here comes indicators:
This indicator you see is called 'DTM DETONATOR B', really, the best tool I have found to this day. As it dissects through several extra dimensions of price structure, we can forsee direction changes of price trend
This indicator can be found as a paid indicator through the link in my profile and it is free if you sign up to the trading course
I have personaly attended to the the Day Trade Masters couse, definately the best trading course you will find out there as will you leart how to master this increadible tool too, the Detonator.
If you found this information useful, be kind to use my referal link above, thank you!
SBIN looks like buy on dipsThere was a strong bullish breakout in the Daily chart of SBIN on the 25th April. This resistance now becomes a support at 793 which was respected yesterday.
The candle made today isn't very strong but the trend is clearly bullish.
My idea would be to buy with SL below 793 and targets of 830 and 850.
Educational purpose only
This is absulutely crazy!What a beautiful bull flag we have here! This token $BTAF is going to be launched on BitMart next 15th of May
We have a initial target of more than 4x for the next weeks !
The target confluences with the top Beam Band also, giving more confidence on this trade. It is a very good alignment with technical and fundamental analysis
$BTAF is the utilitary token of "Bitcoin Trend and Forecast" community, that uses proprietary AI algorithm to forecast price targets and chart patterns on the market. You just need to check it out, because it is life changing for any trader!
I appreciate the use of my referal if you buy any product (like indicators or analysis) or course there!
Cheers!
Bearish trend breakdown in the daily chart of HDFC BankAnother breakdown in the daily chart of HDFC Bank.
It has respected support at 1480 but we may see a dip if the same is broken.
There is a sort of a double top pattern made before the breakdown which makes me bearish.
Can sell for targets below 1420.
Educational purpose only
EURUSD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher.
What's next?
📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the upper bound of the wedge pattern.
Moreover, the green zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches the red 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
USDJPY - Still Bullish Long-term 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower.
What's next?
📈 USDJPY is still overall bullish , trading inside the rising channel in red.
At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDJPY is hovering around 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
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
Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
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
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
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
IS BTC READY FOR NEW INCREASE TO 68KBitcoin seems the last day in a broken downtrend with here and there what stability.
There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume.
The trend of now.
BTC trying to find the right way to get out to new building volume, out of the playing trend.
Can this weekend have a new change since we are by the key level that's exactly what we will follow if BTC can break the key level
l of 65K with a high chance of 68K
There is always a chance there will be manipulation volumes, it depends on building volume and that's hard to count. small changes can always be targeted, its BTC.
For day traders, there change noting, since day traders trade depending on what the market shows, this can be short or long at any time.
This is not trading advice, markets going on their way.
PRCL NEW INCREASE VOLUMEThe last data shows that PRCL has a new increase possibility, for this reason, follow this coin to see if it's able to get a confirmation for the next levels that are added to the chart.
Trading can be very risky with no plan and the right risk management.
This update is only a view.
GBPUSD - Following The Trend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPUSD has been overall bearish , trading within the falling channel in red.
Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a supply zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green supply zone.
📚 As per my trading style:
As #GBPUSD approaches the red 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