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USDCAD - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has exhibited an overall bullish trend , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase 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 trendline acting as a non-horizontal support. 📚 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
Long
by TheSignalyst
8
ebay is on sale 🛒Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EBAY has exhibited an overall bullish trend , trading above the orange and blue trendlines. At present, EBAY is undergoing a correction phase and it is currently approaching a strong support zone 30 - 34 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue and orange trendlines acting as a non-horizontal support. 📚 As per my trading style: As #EBAY approaches the lower red 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
NASDAQ:EBAYLong
by TheSignalyst
3
Short pullback in downtrend + Resistance zone + ConsolidationShorting a pullback in a downtrend and resistance zone. Wait 2 - 3 days for sideways consolidation to strengthen area before entering for higher probability. So about wednesday - thursday can be nice time to enter if price is still at this area. Then a move is most likely to happen end of the week or beginning of the week after. That's just my analysis, be free to interpret it how you see it and depending on how it unfolds this week, whether price consolidates here or not. Fundamentals are pretty much a weakening economy, which adds some confluence to the trade.
EIGHTCAP:NDQ100Short
by naturex1
Swing Opportunity on GBPNZDThe price action I've observed on the daily timeframe points to a very nice bearish sentiment in five key points. Price peaks in August by forming a range, which breaks near the end of that month. Consolidation forms shortly after and downside momentum forces price to break below the lower range boundary. This marks a technical trend change as defined by the crossing over the faster exponential moving average (EMA) below the slower EMA. Price retraces in October and forms another consolidation. In today's close, price retests the lower range boundary of this consolidation and holds below it; price currently exhibits continued selling strength.
Short
by FinancialGamblR
3
AUDCAD - Wait Like a Sniper 🛡Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDCAD has been overall bearish trading inside the falling wedge pattern in red, and it is currently approaching around the upper of the wedge / upper red trendline. Moreover, the zone 0.885 - 0.89 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 green resistance and upper red trendline acting as a non-horizontal resistance. As per my trading style: As AUDNZD 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
Short
by TheSignalyst
1
GOLD Route map from 1850 to 2050!Gold Price Movement: Initially, gold underwent a downward correction following a recent rally but then reversed its course, moving toward the $2,000 level. This suggests ongoing interest from buyers in establishing long positions. Moving Averages: On the daily chart, the 20-period Simple Moving Average (SMA) has turned upward, indicating a bullish trend. It is situated below longer-term moving averages. Technical Indicators: Technical indicators on the daily chart are in overbought territory, but they have only slightly retreated from recent highs. This suggests that a significant decline is not confirmed. Short-Term Outlook: The 4-hour chart indicates a positive bias, even though momentum has decreased. XAU/USD is trading above its moving averages, with the 20-period SMA providing intraday support. Market Dynamics: Demand for safe-haven assets like gold and the US Dollar has lessened, possibly due to ongoing developments in the Middle East, including Israel's ground offensive in the Gaza Strip. Upcoming Events: Market participants are closely monitoring central bank announcements. The Federal Reserve, Bank of Japan, and Bank of England are all set to make announcements in the upcoming week. There are rumors that the Bank of Japan may make changes to its yield-curve control policy. US Employment Data: The US is scheduled to release the October Nonfarm Payrolls report soon, a crucial economic indicator that can significantly impact market sentiment. Stock Markets and Treasury Yields: Stock markets are trading positively, and Treasury yields are rising. However, these factors have not provided robust support for the US Dollar.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
2