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EURUSD - Trend-Following Buy Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURUSD has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline. Moreover, it is approaching a strong demand zone 1.067 🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and red trendline acting as a non-horizontal support. 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
Altcoins are looking to pullback 10-15% soonMore of a caution here. Alt bulls are starting to lose a bit of steam here in overbought territory on the RSI. I can't go through all the charts rn but they are all looking fairly similar, overbought on the daily RSI and looking to test major levels of support on the underside. Do what you will with this information but for me personally (as my followers know), I have taken quite a bit of profit off the table yesterday afternoon and this morning. I have moved my stops up to be in the profit on most of my trades and as I look through my current positions I am considering more action to ensure I exit appropriately if we get this pullback the charts are showing. Again, I don't expect anything major. As you all know, I have stated that BTC should be going sideways to down (at least according to the technicals) over the next few days to weeks. This will give ALTS a bit of a chance to catch up more. But before this happens, bulls may need to catch their breath. Best, Stewdamus
CRYPTOCAP:TOTAL2Short
by stewdamus
1
BTC to see SHARP MASSIVE HUGE pullback in next 48 hoursHello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my technical analysis, and although I am a pro, I do not offer ANY financial advice. NFA!
CRYPTO:BTCUSDShort
by friedolays
BTC/USDT Analysis and Trading Opportunity. Scenario : After a strong rally, BTC entered a surge around the $37,000 mark, breaking through this zone and gaining a new momentum. With the monthly chart aiming to form a bullish pivot, the daily and weekly charts are highly stressed, requiring a correction. S&P 500 : Healthy, attempting to form a bullish pivot on the monthly chart. Strong resistance at 4600 indicates that markets are seeking a correction. BTCUSDT Monthly: High, close to the resistance of 42500. Weekly: High, RSI very stretched (needing correction). Daily: High, RSI very stretched (needing correction). Indicators RSI RSI Levels 12 and 26 period Moving Averages Volume Fibonacci Retracement Strategy : 1 hour and 4 hours in oversold conditions. Whenever the daily chart enters a strong uptrend, a correction is needed, indicated when the 1-hour chart enters oversold territory (30% RSI). The same rule applies to the weekly chart, with its respective oversold timeframe being the 4 hours. To confirm this strategy, we can observe that the 5-minute chart in oversold conditions (1-hour correction) and the 15-minute chart (4-hour correction) when entering oversold conditions provided excellent scalping opportunities. Now, the buying force will wait for the 1-hour oversold condition, while the selling force will use the 42500 resistance to take profits. Using RSI levels, the price range of $40,200 to $38,300 was found, where several buy orders should be defined to obtain the best average price. However, due to the 1-hour chart being highly stressed, the price range found today with RSI levels will not be used, requiring daily updates of the range and order values using the same tool. The initial stop loss should be set at 37950, slightly below 38000, which is a strong psychological number. As the price range is corrected, the old nearest top will be used as a stop loss. The first partial should be taken just below 42500 (to ensure our order is executed). I will take a significant profit and raise my stop loss to the entry price. As the weekly chart needs correction, it is expected that the price will fall below 38,000, where we will repeat the analysis and seek oversold conditions on the 4-hour chart.
Long
by RodrigoHonorioUK
1
GOLD - Higher Timeframe Overview ✨This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months. On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below: Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we can see that we are still within the ABC corrective parameters of wave 4 and awaiting the final C wave, which is a move down. We have the FED rate decision on March 16th which could really shake the market. We're expecting USD strength during FED and Gold is weighted against the USD and is inversely correlated. If USD goes up, GOLD should go down... eventually. It is important that we do NOT jump in to shorting Gold early without seeing either of the following: - Lack of buyers - Any sellers At the moment there are plenty of buyers of Gold due to the war in Ukraine - Gold is acting as a safe haven. Also, there does not seem to be any sellers entering the market... yet. The key event to watch is the FED rate decision on March 16th. We could potentially see the start of the bearish wave C during the event. Once we see the first move down, we can prepare ourselves for an entry once we see a correction. See below: It's better to wait for confirmation rather than try and call the tops and bottoms of a move. Plenty of money to be made after seeing the confirmation and it's less likely you'll be riding out drawdown. Would love to hear your thoughts - leave your comments below. Goodluck and as always, trade safe!
OANDA:XAUUSD
by WicktatorFX
30
Be Cautious On Palantir🫨Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse Palantir for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
PShort
by basictradingtv
8
Retest of 1972 by Head and Shoulders Pattern?Gold has found support by the trend channel in 1933-1945 and rose sharply to 1988 on Wednesday. But today it faced heavy selling pressure at the 1993 key level and corrected to 1980. There is a high chance, that gold will revisit at least 1972 and a potential Head and Shoulders Pattern is already forming. You can trade the break of the neckline or a pullback towards 1986, if you see bearish signs at the red lines. Important resistance zone: 1986-1988 Take profit level: 1972 and 1967
CAPITALCOM:GOLDShort
by Kyrean
Crude Oil Found The Support?Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave recovery back to 80 area. If we get a five-wave impulsive recovery back above channel resistance line and 80.00 level, that's when we may call a bottom for crude.
NYMEX:CLF2024Long
by ew-forecast
For Week 2023/11/20-24, A slight bearish move for XAUUSDConsidering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global factors, market sentiment, and economic indicators, as these could influence the trajectory of XAUUSD.
PEPPERSTONE:XAUUSDShort
by sharpie0319
BTC - Short-Term Correction Ahead ?❗️Hello TradingView Family / Fellow Traders, 📈 BTC has been generally bullish from a medium-term perspective , trading within the ascending broadening wedge outlined in red. Currently, BTC is positioned near the upper boundary of the wedge ; thus, we can anticipate a correction if the last minor low highlighted in green is breached downward. 📉 If the green low at 37,150 is broken downward , we can expect a bearish movement until the lower red trendline, where we will be looking for trend-following buy setups. 🏹 Meanwhile , as long as the bears do not take control, BTC will remain bullish and may continue to trade higher, especially if the 38,000 level is breached upward. 📚 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
3
AAPL's Overbought Indicators Hint at Possible CorrectionCurrently, Apple Inc. (AAPL) shares are presenting intriguing signals for discerning investors. Two key technical indicators, Stochastic RSI and MACD, provide indications that AAPL may have reached a point of overbought conditions. Stochastic RSI, serving as a measure of market saturation, highlights AAPL's overbought condition, suggesting that the price has likely reached a level prone to correction or decline. Furthermore, MACD shows negative divergence, indicating the potential weakening of the upward momentum in prices. It is essential to direct attention to the Support and Resistance level (SNR) around 182.34. This level not only boasts a strong history as a previous resistance level but may also play a significant role as a support level. However, it is crucial to bear in mind that trading always involves risk, and trading decisions should be based on comprehensive analysis and well-calculated risk assessments.
NASDAQ:AAPLShort
by fardycurry
GBPUSD H8 - Short Signal GBPUSD H8 Yesterday evening, we thoroughly analyzed this particular currency pair with one of our coaching members. We emphasized the evident confluences, including notable supply and resistance zones, along with the psychologically significant 1.25 price level. Today, we anticipate a slightly bullish trend for the USD, anticipating a relief rally after a substantial 190-point decline. Considering the magnitude of the drop, a modest 382-point rebound wouldn't be overlooked.
Short
by Trade_Simple_FX
2
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
INJ/USD Short setupGood morning to all Folks out there! It has been a great week for Alt-coins so far and I am hopeful a-lot of you would have made good gains so far. For anyone doubting the gains, I already spoke about Alt-coins rally in my previous idea and was pretty bullish on Alt-coins with BTCDOM getting rejected on a Major level. INJ or Inject have been a gainer and have gained more than a 100% in the past few days. I was expecting the move towards upside, However as it approaches this important level and faces resistance, I believe INJ is headed for a correction back to the support zones marked in the chart. Trade Idea: INJ/USD = Short Entry point: CMP TP1: 15.5 TP2: 13.8 TP3: 13.4 SL:17.8 Please do like and follow if you find the content helpful, Thanks.
Short
by CooperTrades521
#GBPJPY buying opportunityHello, traders and friends. Let's analyze the GBPJPY 1-hour timeframe chart and explore a potential buying opportunity in this pair. Yesterday, the price successfully broke above a Daily bearish channel that had been pushing the price lower since August 21st. This impulsive breakout to the upside suggests the potential for the price to move higher, possibly reaching at least the high established yesterday. Another factor supporting our belief in a potential buying opportunity is the bearish corrective move that followed the breakout, indicating no strong overall bearish bias in the price for now. There are several bullish confluences that reinforce our bias, including: The bearish channel's upper line, now acting as support. A demand area on the 1-hour timeframe, coinciding with a static support zone. The price is currently above the 4-hour, 1-hour, and 30-minute 200EMA, all of which serve as critical support levels. The price is currently at the 38% Fibonacci level, and if it reaches the support line, the 50% Fibonacci level will also provide significant support. To consider a long position, we recommend waiting for the price to break the short-term bearish trendline to the upside or looking for candlestick confirmation around the supporting area. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
3