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Rejection

$MAR rejecting important levels for new ATH?ANALYSIS: $MAR last trading session showed great rejection candle off last year high and previous month low. After pulling back to Pivot Based EMAs, price closed just above slow PEMA. The rejection is supported by low volume node from the composite volume profile over the last six months. In addition, the rejection area remains highly important for $MAR since major tests occurred in Feb '18, Dec '19 and Mar '20 (ref. weekly TF) EXECUTION: Scaling into the position by executing an entry with 50% trade allocation at/near the last session's mid point (153.18), if price opens above it on Monday 22.11. Add to the position by executing an entry at/ near the absorption zone (mid point of rejection day) on Day 2. Finish scaling to defend your position should a failed new low of days 1 and 2 develop on Days 3 and/or 4. In price closes below 153.18, exit the position. TARGETS: The new low of the month suggests a possible retest of month highs at 162.31 with further extensions up to 165.50.
NASDAQ:MARLong
by abel86
CADCHF - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. CADCHF is overall bullish and approaching daily support so we will be looking for buy setups on lower timeframes. on H4: CADCHF is forming a channel in orange but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, CADCHF would be overall bearish can still trade lower inside the blue support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
3
AUDJPY - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDJPY is sitting around daily support in blue so we will be looking for buy setups on lower timeframes. on H1: AUDJPY is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, AUDJPY would be overall bearish can still trade lower inside the blue support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
EURUSD - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURUSD is sitting around daily support in blue so we will be looking for buy setups on lower timeframes. on M30: EURUSD is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, EURUSD would be overall bearish can still trade lower inside the blue support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
Breakout or Rejection!?Money Makers! GM is on its way to retest previous highs. I possible breakout or rejection is incoming. Let's stay patient and have your orders ready! Let me know what you think will happen below. I'm curious. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GM
by rnaofs
2
Beautiful Channel!Money Makers! GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GE
by rnaofs
1
USDJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. USDJPY is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDJPY is forming a wedge pattern in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing (projection in purple) Trigger => Waiting for that third swing (gray zone) to form then sell on its break downward. Until the sell is activated, USDJPY would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
8
US30 has been a steady uptrend, insight on scenarios to expect.This Indices has been on a steady uptrend, we have seen a clear break-out, retest and continuation. From the chart we have identified that the price is currently trading in a channel up, a successful to buy to the upper trend-line acting as a RESISTANCE if we can see a rejection with spinning top and or a Bearish Engulfing at this trend-line acting as RESISTANCE area, there is possibility of selling to the SUPPORT AREA @ 35769.7
OANDA:US30USD
by MII1502
GBPAUD - Purple War Zones!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPAUD is overall bearish trading inside the red channel , and it is currently approaching the lower red trendline and blue support. As per my trading style/plan; Here are the two strong zones where I will be looking for high probability buy setups: I call them War Zones, (highlighted in Purple circles) Zone 1: (around 1.865) This highlighted purple 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 non-horizontal resistance) Zone 2: (around 1.83) This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. (acting as non-horizontal support) As per my trading style: As GBPAUD approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /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
by TheSignalyst
11
IDEA - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. IDEA is approaching a support zone so we will be looking for buy setups on lower timeframes. on H4: IDEA is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower inside the channel and test 0.10 before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
17
EURCHF - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURCHF is sitting around a daily support zone so we will be looking for buy setups on lower timeframes. on H4 / H1: EURCHF formed an inverse head and shoulders pattern but it is not ready to go yet. Before we buy, we want the buyers to take over again. Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated , EURCHF would be overall bearish can still trade lower inside the green support. In this case, we will be looking for new buy setups to form as long as price doesn't break the zone downward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
16
CADJPY - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. CADJPY is sitting around a daily resistance in red so we will be looking for sell setups. on M30: CADJPY is forming a double top pattern but the setup is not ready to go yet. Before we sell, we need the bears to take control. Trigger => Waiting for a momentum candle close below the gray neckline to sell. Until the sell is activated, CADJPY would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
16
Two BTC scenarios for near future: rejection or breakthroughI am bullish on BTC, but on a very short timeframe there is a scenario for bearishness. This idea displays the movement of BTC in a parallel channel, in two possible scenarios. Scenario 1: we get rejected at a critical zone of resistance around 58,500, at which point we move downwards for a final correction before bouncing up again to break ATH within channel. Scenario 2: we break out of the channel and break the critical resistance at 58,500 and move towards ATH.
by mapav