BTC - Wait For It!The last couple of days / weeks were truly boring as BTC has been stuck inside our gray range.
The longer the consolidation, the more aggressive the movement would be after the breakout. So be prepared!
The question is... which way?
Scenario 1: Trend Reversal
For the bulls to take over, we need a daily momentum candle close above the upper bound / gray zone.
In this case, a movement till the upper resistance zone 38k - 40k would be expected.
Scenario 2: Trend Continuation
For the bears to take over, we need a daily momentum candle close below the lower bound / gray zone.
In this case, a movement till the lower demand zone resistance 18k - 20k would be expected.
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
Rejection
Bull trap on BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart.
This is my first video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
What do you think about my first video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
GMT - how fast can the bulls run?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After the bears broke the last low in gray , GMT has been overall bearish making lower lows and lower highs.
Last week, GMT rejected the 1.0 round number and demand zone, however, we are not bullish yet.
For the bulls to take over, we need a break above the previous high AND above the 2.0 zone acting as a resistance.
Once we have this break (projection in purple) then we will be looking for buy setups on the 2.0 zone retest.
Meanwhile, the bears can still reject the 2.0 zone for another bearish impulse movement till around the green demand zone.
In this case, we will be looking for buy setups on lower timeframes as price approaches the 0.75 - 1.0 zone
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
USDJPY NEW WEEK SUPPLY ZONE TO SHORT FROM!USDJPY trends on an ascending triangle, expect price to move to 128.747, which is the 0.618 fib level and supply zone... if price gets rejected at this zone with a bearish candle, price will drop to 127.046. also watch out for price rejection off the trendline between 128.850 -128.750..
NOTE: DYOR
kindly follow and leave a comment, thanks.
Bitcoin Short Couldn't be more obvious - 5 to 1 trade With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC .
PA is without question trending down with price below the 4H 50 EMA , and consistent lower lows, lower highs.
Good time to sit back and wait for the next short opportunity with PA destined to head back down.
Trade setup
SL: 32670
TP1: 23425
TP2: 20885
EURCHF - 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 EURCHF.
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
EURUSD - 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 EURUSD.
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
Below Support & Rejected Multiple Times.Extra bullish pump with the purchase that happened but with interest rates still affecting the market, I can see this falling down to retest the previous levels before the pump.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only
USDT.D UPDATE! A RELIEF RALLY INCOMING SOON IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update.
Why, I'm expecting a relief rally in the market? Here's the reason-
1) USDT Dominance is trading inside a channel in the 8hr time frame. Currently, it is rejecting from the upper trendline of the channel which is a good sign for the market.
2) Last two times it's got rejection from the same level so I'm expecting the same this time also.
3) It is forming a bearish divergence in RSI.
If we get the prefect rejection from here then we have an important support level at 4.30-4.44 level (BTC $44k-$48K) which is a very crucial level. If we break this support level then we expect a big pump in the market.
Let's see how this goes.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
GBPNZD I It Will Head Downward Welcome back! Here's an analysis of this pair!
**GBPNZD - We are monitoring GBPNZD for a short in the current New York Session. Bearish engulfing pattern on 4hr. price has pulled back to structure and rejecting. Good luck!
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.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURCHF - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DAILY: Left Chart
EURCHF is overall bearish and now approaching a resistance so we will be looking for sell setups on lower timeframes.
H1: Right Chart
EURCHF is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated, EURCHF can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIB - Shift In Momentum!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SHIB has been overall bearish for a while making lower lows and lower highs. The bears were aggressive pushing price lower making big impulse movements.
However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.
The bears are clearly exhausted but that doesn't mean that the bulls are in control just yet.
Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.
Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF - Purple War Zones!Hello everyone, if you like the idea, do not forget to support with a like and follow.
USDCHF is overall bullish trading inside the brown and orange channels.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 0.95)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and the upper brown/orange trendlines. (acting as non-horizontal resistance)
Zone 2: (around 0.925)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline. (acting as non-horizontal support)
As per my trading style:
As USDCHF 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
GBPUSD - 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 GBPUSD.
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
EURCAD Rejective Support Temporary Buy Welcome back! Here's an analysis of this pair!
**EURCAD - the pair is bearish and currently rejecting previous daily support. We expect a temporary move higher to 3700 zone and possibly 3755.
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.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURCHF - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURCHF is overall bearish trading inside the brown channel.
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 1.025)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and the red trendline. (acting as non-horizontal resistance)
Zone 2: (around 1.0)
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 EURCHF 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
GBPAUD | perspective for the new weekDespite the obvious, that price action is currently sitting on a strong demand zone; I shall be looking for an opportunity to sell the Pound against the Aussie in the meantime if the price does not break out of the structure explained in the video.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
20220410 - AUDUSD - LongAUDUSD - Long
AUDUSD has been in an uptrend for some time and is coming up to a daily supply zone.
Please see analysis for my next move below.
Your thoughts are always appreciated 😀
Analysis
Rejection off Daily Channel Support
Rejection off Daily Support.
Sentiment: 47% Long : 53% Short.
Uptrend.
Entry
Entry: 0.74575
SL: 0.74074
TP1: 0.75920
EURUSD - Purple War Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURUSD is overall bearish trading inside our orange channel, however, it is currently approaching the lower orange trendline.
Moreover, the area 1.08 - 1.09 is a "Resistance turned into Support".
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, 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
AUDJPY I Headed Downward Welcome back! Here's an analysis of this pair!
**AUDJPY- listen to video analysis.
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.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy