EURCAD sharp fakeout + broken channel#EURCAD:
(1D):
The price here has been consolidating in a massive sideways formation for quite some time. Last week, a fakeout occurred, trying to break the 200 EMA as well but failed, drastically changing direction within the next day. Bearish structure was also broken, confirming the potential move to the upside, making our bias bullish.
(4H):
Zooming in, a clear bearish channel is presented, already broken, thus confirming a new HH. What we need to see now is a retracement back to our zone of interest, where we would look for a rejection for a final confirmation to the upside.
Rejection
GBP/USD - Another Test of 1.37We're currently at 1.37 once again. We tested this level yesterday and saw a strong bearish bounce off the level. Will we break this level today?
In yellow highlighted circles we can see all the previous tests of 1.37 and strong bearish rejections. This is combining a key level in the market with a whole psychological level that often acts as additional support and resistance.
Happy Trading!
AUDJPY - Wait For ItHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: AUDJPY is forming a channel pattern in brown so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
Good luck!
BTC Hourly Updatewe had really nice correction for Bat Pattern as i mentioned at the previous BTC Update. After that we see that price is trying to recover itself again.
as you see we have also symmetrical triangle pattern too. there is two strong key level around 40K and 30K which act significantly as support and resistance.
and two vital level as i mentioned as blue are very important in the chart that need to hold.
there is two possibility for price action:
1: going up to the key level, make a double top and start to falling down or break out from triangle and falling down
2:going up and stabilize above the key level and going to hit new ATH
what do you think?
EURGBP Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURGBP is sitting around strong support in gray so we will be looking for buy setups on lower timeframes.
on H1: EURGBP is forming a trendline in red so we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and of course, as price approaches our upper green resistance, we will be looking for sell setups
Until the buy is activated, this one would be overall bearish and can still dive inside the gray support.
Good luck!
NZD/USD - Overall structure and levels on the 4hr ChartNZD/USD - 4HR
I appreciate there is a lot going on in this piece of analysis here. If you don't understand, private message me and I can break it down for you!
We can see a break of structure, push to the downside and a bearish retest of a key level in the market - our sell confirmation.
Happy Trading. Stay tuned for more analysis
Further Upside on CADJPY as 81.7 Resistance InvalidatesQuite a few Signposts on my chart as I've been monitoring this pair for quite a while. 81.7 was a structural resistance, which we'er seeing that it's no longer holding. Quite a few sellers were recently trapped, which is a good sign that we probabilistically can expect further upside.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Possibly short for AUDCADAUDCAD has been making higher highs and higher lows indicating an uptrend but has recently made lower highs and lower lows plus rejected from a previous resistance level from in the past. so I'm looking for it to do the same thing again, reject it and keep going down. 𝖙𝖗𝖆𝖉𝖎𝖓𝖌 𝖎𝖘 𝖓𝖔𝖙𝖍𝖎𝖓𝖌 𝖇𝖚𝖙 𝖕𝖗𝖊𝖉𝖎𝖈𝖙𝖎𝖔𝖓 𝖜𝖍𝖊𝖗𝖊 𝖙𝖍𝖊 𝖒𝖆𝖗𝖐𝖊𝖙 𝖒𝖎𝖌𝖍𝖙 𝖌𝖔 𝖆𝖓𝖉 𝖎 𝖜𝖎𝖑𝖑 𝖓𝖔𝖙 𝖇𝖊 𝖗𝖊𝖘𝖕𝖔𝖓𝖘𝖎𝖇𝖑𝖊 𝖋𝖔𝖗 𝖆𝖓𝖞 𝖑𝖔𝖘𝖙 𝖞𝖔𝖚 𝖊𝖓𝖈𝖔𝖚𝖓𝖙𝖊𝖗.
╔╗╔═╦═══╦═╗╔═╦═══╦═══╦═══╦╗─╔╦═╗╔═╗
║║║╔╣╔═╗║║╚╝║║╔═╗║╔═╗║╔═╗║║─║╠╗╚╝╔╝
║╚╝╝╚╝╔╝║╔╗╔╗║║─║║╚═╝╠╝╔╝║╚═╝║╚╗╔╝
║╔╗║╔╗╚╗║║║║║║║─║║╔╗╔╬╗╚╗╠══╗║╔╝╚╗
║║║╚╣╚═╝║║║║║║╚═╝║║║╚╣╚═╝║──║╠╝╔╗╚╗
╚╝╚═╩═══╩╝╚╝╚╩═══╩╝╚═╩═══╝──╚╩═╝╚═╝
BTCUSD - update - previous buyHello everyone, if you like the idea, do not forget to support with a like and follow.
as per our last video analysis, we were waiting for a new swing to form around the red trendline to consider it valid and then buy on its break upward.
While clearly didn't happen, so our entry would be after the previous swing high (updated via live streaming) as you can see resulting in a bigger stop loss.
This buy reached +1R so now we are holding the buy with our stop loss around breakeven, and waiting for the take profit +2R to be hit.
and of course, as price approaches the upper gray trendline (which acts as an overbought area) we can always close the trade in profit around +1.7R.
meanwhile, BITCOIN would be overall bullish and we will be looking for new buy setups to form on the retest.
Good luck!
~Rich
EURUSD - Do Not Sell Now - still waiting for a trigger to sellHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURUSD is sitting around a strong resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: EURUSD formed a channel in red so we are still waiting for a momentum candle close below its last swing (in gray) to sell this one.
Trigger: Waiting for a momentum candle close below the gray area to sell.
DO NOT SELL NOW => because until the sell is activated, this one would be overall bullish and can still dive inside the green zone before going down.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
~Rich
DOW JONES - Update - Video Top-Down AnalysisHello everyone, this is Rich, I promise to keep sharing original content here on TradingView. My Second Home!
If you like my trading style, do not forget to follow me for more.
Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument, or ask any questions in the comment section below.
Best of luck!
EUR/NZD Descending Channel with key structure levels - 4HREUR/NZD Analysis on the 4 hour chart.
Price has hit a key level coinciding with our top descending channel trendline. We have seen some sharp rejection off this level. Check out how simple it is to find key structure levels in the market!
For more:
www.fxaxe.com
Happy Trading!
SGDJPY Sell SetupHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: SGDJPY is sitting around the upper brown trendline so we will be looking for sell setups on lower timeframes.
on M30: SGDJPY is forming a channel pattern in red so we are waiting for a new swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break above the brown trendline to test the 79.0 green resistance before going down.
As price approaches our lower blue support and lower brown trendline, we will be looking for buy setups.
Good luck!
NASDAQ possible reversal setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, NASDAQ is forming a channel in red so we will be waiting for a new swing low to form around our lower red trendline to consider it our trigger swing and then enter sell after a momentum candle close below it.
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
GOLD and ETHEREUM - Interesting Combination!First of all, I would like to thank @TradingView for this chart combination!
XAUETH is approaching its all time low around 1.00-2.00 so we will be looking for buy setups!
knowing that this one can still dive inside the zone, reach level 1.00 before going up
For XAUETH to go up, there are three scenarios:
1- GOLD UP, and ETHEREUM DOWN (best case scenario)
2- GOLD UP, and ETHEREUM UP but with Gold moving up more aggressively.
3- GOLD DOWN, and ETHEREUM DOWN but with Ethereum moving down more aggressively.
How to trade it?
Well it depends on your trading style/plan. but here is what I am waiting for as per my trading plan:
ON H4: XAUETH formed a valid channel in red so we are waiting for a new swing high to form around the upper trendline to consider it our trigger swing and buy on its break upward.
The stop loss goes below the last swing low, and we always target double our stop loss size to have an edge over the market.
Meanwhile, until the buy is activated, XAUETH would be overall bearish and can still test the level 1.000 before going up. that's the power of waiting for a confirmation and trigger.
Good luck!