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Rejection

AUDNZD - Purple War Zones!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDNZD is overall bearish trading inside the brown channel, so we will be looking for Trend-Following Sell Setups. 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 1.065) in green This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) Zone 2: (around 1.05) in blue This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As AUDNZD 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
33
BNGO - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: BNGO is forming a channel in red but our 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, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGO
by TheSignalyst
19
GBPCAD - Trend Following Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPCAD is overall bearish trading inside the H4 blue channel, and since it is currently approaching the upper blue trendline, we will be looking for sell setups on lower timeframes. on M30: GBPCAD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, GBPCAD would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
20
200 MA acts as Support?Hello again, Traders! This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for confirmation to make sure I buy at the right time. Also the 1h time frame shows an uptrend which might continue after the confirmation. I'd be happy for any feedback. Thanks in advance.
Long
by cnesrin
EURCHF - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my previous idea (attached below) we were waiting for EURCHF to approach our upper red daily trendline to look for sell setups. NOW WHAT? on H1: EURCHF is forming a trendline in orange but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, EURCHF would be overall bullish and can still trade higher. and of course, as it approaches the lower blue daily support, we will be looking for trend-following buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
20
AMAZON - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. AMZN is trading inside that big range from Daily timeframe and it is currently sitting around the upper bound / resistance so we will be looking for sell setups on lower timeframes. on H4: AMZN is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, AMZN would be overall bullish and can still trade higher. If it breaks above the blue resistance with many big bullish daily candles, then the resistance would become support and we will be looking for buy setups on its retest. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AMZNShort
by TheSignalyst
21
AUDJPY - Looking For Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDJPY is approaching a demand zone (in red) so we will be looking for sell setups on lower timeframes. Before we sell, we want the sellers to prove that they are taking over again. You don't want to sell a bullish market right? We will be looking for sell setups on lower timeframes now. HINT: we have a head and shoulders and trendline forming on M30. Meanwhile, until the sell is activated, AUDJPY can still test the upper red resistance 85.0 before going down. In this case, we will be looking for new sell setups to form there. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
15
CHFJPY - War Zones - My Trading Plan!Hello everyone, if you like the idea, do not forget to support with a like and follow. CHFJPY traded lower aggressively due to FOMC last week. NOW WHAT? CHFJPY is approaching our long-term red trendline acting as non-horizontal support. Moreover, the area 118-119 in green is a "Resistance turned into Support". So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline. As per my trading style: I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...) Unless CHFJPY breaks the 118-119 zone downward aggressively with many big bearish candles, then it will become resistance again and we will be looking for sell setups on its retest. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
19
EURCHF - Purple War Zones! Update!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my previous idea (attached below) we were waiting for EURCHF to approach one of our Purple War Zones to look for setups. EURCHF rejected our lower red trendline and traded higher. NOW WHAT? Since EURCHF is still overall bearish trading inside the red channel, we will be looking for Trend-Following Sell Setups as it approaches the upper purple circle. Zone 1: (around 1.10) 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) As per my trading style: As EURCHF approaches the upper purple circle, I will be looking for reversal bearish setups (like a double 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
18
GBPJPY ANALYSIS LONGThis Pair is a overall sell, because price rejected a strong weekly resistance. And is making Lower Lows on H4. But As you can see here price failed two times to break the support level. Price formed bullish engolfing on key support level two times, this indicates that buyers are here. This pattern also formed at our 50% and 61.80% fibb levels I see this pair going up and rejecting our trendline before heading down. Target is the previous High, and SL is below the Bullish Engolfing pattern. Good luck!
Long
by TusharCh
IBM S/R Battle!!Hello Community! When looking at IBM we can see it clearly trading at the top of the triangle shown on the weekly TF. This has been a powerful rejection area in the past. We have to also take into consideration the more a S/R zone is tested the weaker it gets. The MACD is beginning to tick down and the RSI is showing overbought. I can see a rejection happening from here, which would be a great place to start a short with a tight stop-loss. If entering a trade don't forget to use a stop-loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading. Calculate Your Risk/Reward & Collect! Simplicity Wins (
NYSE:IBM
by rnaofs