EURJPY - Now Wait For Bears!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached on the chart) we were looking for bulls to take over around our green support.
on DAILY: Left Chart
EURJPY traded higher and now approaching the blue resistance zone, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a break below the previous low in gray.
Bear in mind that EURJPY can still trade higher, dive inside the resistance zone and then form a new swing low. In this case, we will update our gray zone (trigger swing)
Meanwhile, until the sell is activated, EURJPY can still trade higher inside the daily resistance zone or even break it higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Marketstructure
EURJPY I In correction and will decline from resistanceWelcome back! Let me know your thoughts in the comments!
**EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR/GBP: Reaction point to watch in £0.8764 GBPIn this analysis, we see a nice setup that we can to prepare for both scenario here, first berish and second bullish in the smart point like sell here and buy here.
But nothing will be to make a good preparation here. So, we see in H4 timeframe two scenario that it's very possible to watch in the next hour in EUR/GBP. And below of this sentence we see a explanation that we can to get a possible drop toward £0.8764 GBP and then a bullish setup from this smart point, and also another possible will be that EUR/GBP just make a consolidation and then drop, or make a consolidatio with some time and then make a cheat in the market, it's a thing to watch here and take this both scenario. But in my personal opinion, I believe that EUR/GBP will drop until £0.8764 GBP and then from this smart point will be a bullish setup.
And also to take a perspective in Daily timeframe, we're bullish!!!
Now, I will make a 2nd analysis there to explain why I decide to short EUR/GBP
Good luck!!!
AUDUSD I Short-term buy from support Welcome back! Let me know your thoughts in the comments!
**AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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S&P 500 Big Picture Update - Bearish ScenarioMany investors are already assuming a breakout from the upper trend line and thus a continuation of the uptrend.
The economic sentiment is still bearish , many companies now have to bear the high capital and energy costs and many companies are still highly overvalued.
Therefore, today we would like to introduce you to a bearish scenario that is likely to occur, the Double ZigZag .
Structure of a Double ZigZag
- Superior: (W) - (X) - (Y)
- Subordinate: (ABC) - (ABC) - (ABC)
- Subwaves: (12345 - ABC - 12345) - (ABC) - (12345 - ABC - 12345)
Current situation
If this scenario is correct, we would be in the last sub-wave ABC and now see the last downward movement as sub-wave 12345. This would complete the last subordinate (ABC) wave.
This scenario would be confirmed if in the next few days/weeks the SPX initiates a trend reversal to the downside. We already see a weaker SPX struggling to pump above the yellow highlighted resistance. Even if we could make it above this, it would have to be retested first and thus hold above resistance.
We now expect the SPX to either make another small breakout to the upside before correcting back down, or for the SPX to correct right away.
Strongly changing market
The market is very difficult to assess at the moment. Many economic news are affecting the markets very strongly, new political and economic changes are coming at a record pace and most investors are still afraid to lose money. Thus, this Double ZigZag scenario is one of several possible scenarios. We will post a bullish scenario in the next few days.
EURUSD short analysisHello EMKioko followers,
Yesterday's candle closed bearish with a long wick;signifying huge rejectionfrom above. For this we anticipate selling
pressure to continue today.
You will also notice that we created a new low as the candle dropped lower to close at 1.0573-ish on the 30m. By default,
lower lows and lower highs lead to what we call a down trend.
From these observations, we are going to look for areas on the chart where we are going to form a new lower low and from
the lower low formed, a sell signal to confirm our sell position.
What are your thoughts on the same?
Comment below your analysis and critics.
Success in your trading.
USDJPYhello raders, happy new year, as we all watching the trend usdjpy has reched the resistance key level and bounce once which is rally-base-drop and made doblle bottom seems market may bounce once again 134.500 but as we always need to wait for confirmation..so,, be patient, what you all think,,?
US100 SETUP Hi everyone , this my US100 setup for next week ,
Everything is explained on the chart ,,
Along with a simple forecast for the possible scenarios ,,
if you like the setup give it a BOOST & FOLLOW for mare ,,
TRADE SAFELY .
BTC Detailed Top-Down Analysis - Day 121Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
121 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action.
Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash.
I hope that you enjoy to trade cryptocurrencies to short position.
Good Luck!!!
CHFJPY I Swing short from resistanceWelcome back! Let me know your thoughts in the comments!
**CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURGBP - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURGBP .
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
The MASK Has Fallen! 🤿Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again , we need a break above the upper red trendline AND the last high in gray.
Meanwhile , until the buy is activated, MASK would be overall bearish and can still break the 2.0 downward.
If the 2.0 is broken downward (daily candle close), then a movement till the 1.5 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DJI + Indicators Vs NDQ Vs BitcoinHi Investors & Traders
Although this is a chart of the Dow, it will mainly focus on the interactions of Bitcoin with the Dow and the Nasdaq.
I'm taking a slightly different look at the market here with this chart. This is the monthly chart of the Dow Jones, Nasdaq and Bitcoin, but the 4 indicators on the bottom are corresponding of the Dow. The four indicators as follows...
STOCHASTIC RSI
FEAR AND GREED
CM ULTIMATE MACD
CM ULTIMATE RSI
In this chart we can really see the parabolic growth of Bitcoin especially against the Nasdac and the almighty Dow Jones. Way back in 2017 the markets were in a rally non bigger than Bitcoin, and as we can see it Pierced through the Nasdaq and was pretty much met as resistance by Dow with a fairly strong rejection from it. It then found some support off the Nasdaq but it ultimately fell through and bottomed out. The next move to re pierce the Nasdaq and it co mingled with it for about one and half years before it inevitable broke out above it and met with the Dow Jones and went on to pierce it as well. Bitcoin then corrected right back to the Dow as support for months into it's second attempt to another break out f new highs @ 69k. Not long after Bitcoin once again falls to the Dow as support once more, makes a small move and then plunges with the rest of the markets and goes down bellow the Dow as similarly did with the Nasdac back in 2018. Comparing to the Nasdaq drop of 2018 Bitcoin fell 51% under. This year in 2022 it has fallen about 56% under the Dow. At 5% more is this enough to call it a bottom? I guess we will see in due time.
The good news
3 out of the 4 indicators are showing signs of recovery for the Dow with only the MacD not crossing yet. As we can clearly see in the recent history of a decade these indices tend to move together with the Dow leading the way. The thing is market sentiment can switch on a dime. Waiting for the MacD cross is still not a guarantee of new highs but it lowers the downward risk just bit more.
Bitcoin and it's interaction with the Dow going forward will be very important in my opinion s I think it might have a tough time passing and the Dow. I will most likely mingle and battle with the Dow for a few years before it can eventually break above and make it support. Then and only then should the next parabolic move from Bitcoin will follow.
Update
I also added the SPX just for good measure. We can see that Bitcoin did have a small interaction with it for 3 months before it ultimately broke above and then dropped within 26% at the bottom in 2018. Comparing the Bitcoin drop of the SPX to the Nasdaq is 28% this year, only 2% off, fairly close so far.... But is it over?
I don't normally include so many indicators but to get a good indication without making many charts I though it would be necessary to gauge the market from Dow with multiple angles. I want to add that bitcoin could interact with these indices for a long time or permanently for all we know at this point.
Thanks for viewing
leave comments and or questions down below
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