Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CHFJPY is overall bullish trading inside the brown channel. Moreover, the zone 150- 155 is a strong supply zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting...
SDS Stocastics Overbought Color Magenta Number 7
After falling over 50%, we've seen a 50% rally in URI off the low. The struggle to break above the 200 week SMA indicates some resistance in an already overbought situation. Additionally, the indecision signaled by the candlestick charts indicates that we may see some selling pressure in the near term without any major catalyst to spur shares higher. I'm currently...
Similar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view: - inside bar following high test bar in pull back to 50ema - price rejection at resistance at ~0.8210 - price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210 - Stochastic and RSI in overbought territory - Stochastic and...