Get started

Impulse

BTC - Fishing Time? 🌊Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on Daily: right chart BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance. Sometimes, no action at all, is also an action. 🧘‍♂️ No Trade, Is Also A Trade! Especially that the weekend is approaching, is it fishing time? on H4: left chart BTC is stuck inside a range again. 🏹 For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high. ⚔️ For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low. Which scenario do you think is more likely to happen? 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
18
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425 OANDA:EURSGD FOREXCOM:EURSGD
Short
by m_maia14
1
EURUSD Moving Into A Fifth Wave Ahead of PowellMarkets are not moving much. They slowed down after some dollar weakness over the last two trading days. We see US stocks coming down from resistance ahead of Powell today, so it appears that investors are waiting on more details before they may position themselves for a breakout. Will Powell be hawkish or more neutral with comments is the question. I think he may not give us any real bias yet, ahead of US CPI data this Thursday. From an Elliott wave perspective, we see EURUSD coming higher after a nice pullback to 1.05 in the last few weeks, as we in past updates. A sharp and strong recovery l suggests that correction is finished and fifth wave in play. The ideal upward projection for a fifth wave is at 1.0850 so upside can be limited this month. Be aware of a correction.
by ew-forecast
USDJPY - bearish impulseHello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the CS Indicator is indicating USD getting weaker, while JPY strengthening. OANDA:USDJPY FX:USDJPY
Short
by m_maia14
6
Wheat Has Topped, But Corrective Recovery Can Be NearWheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs. Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections. Wheat has five waves down from the highs into first leg A, now unfolding and finishing wave "5" of A that can stop around 700 - 600 area. So, top is in place temporarily, but corrective pullback in wave B may occur at the beginning of 2023, which can retest the 950 – 1000 resistance area before we will later see more weakness within wave C. All the best! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CBOT:ZW1!
by ew-forecast
MOMENTUMB and MARKET CORRECTIONHello everyone! Today I want to draw your attention to the momentum and price correction. In fact, any price movement consists of an impulse and a correction. You can earn money on each of these phases. Impulse An impulse movement is a strong price movement towards the main trend. As a trader, it is right that you should open positions in this direction. This movement is quite easy to identify. How correctly an impulse movement will spend less time covering a longer distance than a corrective movement. The impulse has a large force that pushes the price in the right direction, so the movement is strong and fast. Correction The corrective movement is characterized by a smaller force of movement. Very often, the correction will move in one corridor without much updating of the highs or lows. The fact is that with a corrective movement in the price, there is not enough force to update the maximum or minimum. The movement will be weak, resembling trampling on the spot. Of course, you can earn money in such a period, but it will be more difficult to do this than when trading on impulse movement. In addition , there is always a risk that the trend will pick up again and push the price against you and very quickly . You simply won't have time to close a position if you haven't set a stop loss. Support and resistance It is important to note how the level from which the price makes a reaction is first support, then resistance when breaking through. This is a frequent occurrence in all markets. The impulse conceals a force that cannot break through the level immediately, so the correction begins and the accumulation of new energy to overcome the level. After that, a breakdown occurs. At this point, support becomes resistance. The price during the correction, as we remember, does not have sufficient strength to update the maximum and the level becomes a resistance that the price cannot pass. The correction rests on the level and failed to overcome it. And this structure is quite common. Conclusions The main conclusion is simple - trade according to the trend. Learn to identify impulse movement and corrective movement, so it will be easier for you to determine the trend. Watch how the price reacts to the levels. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
13
EURJPY - The Trend Is Your Friend Until It Isn't!🎯Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURJPY is overall bearish trading inside the bearish orange channel and currently approaching the upper red trendline so we will be looking for trend-following sell setups. This setup now reminds me of my last two sell setups attached on the chart. EURJPY is forming a channel in red , for the bears to take over and start the next bearish impulse, we need a new swing low to form around the lower red trendline. Trigger => a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, EURJPY cans till trade higher, and the setup will be invalidated if we break above the upper red trendline. 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
5
USDJPY Bottoms For Now; More Weakness After Rally USDJPY came sharply down in the last few weeks, away from 150/152 high, from where we can even count five waves down as part of a new bearish cycle, especially if we consider that pair is also breaking the trendline support on a daily chart. As such, we will go with a bearish look and will be looking for further weakness after any higher-degree three-wave rally which can show up in December. Resistance is at 142.30 and 145.56 from where we will expect more weakness on USDJPY.
by ew-forecast
LiteCoin Is Looking HigherLitecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th. Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware of further rise at least up to 90 area for wave C, if not even above 100 for wave 3. Don't forget, risk-on sentiment seems to be back in the game, as stocks are recovering and USD is losing its power that can be easily in favor of Crypto. A catalyst for even further weakness of the buck in the last two sessions are FOMC minutes in which members noted that they will be careful with hiking rates going forward. This sounded dovish so US yields came down, notes higher which had a negative impact on the USD and a positive on stocks. So lower USD can definitely help cryptos, especially those that are doing well for the last few days, such as LTC. All the best! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
COINBASE:LTCUSDLong
by ew-forecast
2