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Reversal

ETH - Wait For The Bulls!Hello TradingView Family / Fellow Traders, 📦 ETH has been trading within a big range around the $2,800 - $3,000 support in the shape of a flat rising channel. Currently, ETH is hovering around the lower bound of the support and rising channel. As long as the $2,800 support level holds, we expect the bulls to kick in soon! 📈 For the bulls to take over and start the next bullish impulse movement, a break above the last major high in green at $3,000 is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
EURUSD - Follow the Flow 🏄🏻‍♂️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bearish , trading within the falling channel in red. At present, EURUSD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper red trendline. 📚 As per my trading style: As #EURUSD approaches the circle zone, I will be looking for bearish reversal 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
Short
by TheSignalyst
DXY - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #DXY approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
TVC:DXY
by TheSignalyst
1
MATIC - Clean and Clear ❗️Hello TradingView Family / Fellow Traders, On Weekly: Left Chart MATIC has been hovering within a big range in the shape of a flat rising channel marked in blue. Currently, MATIC is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray. 📉 Meanwhile, MATIC would be bearish short-term and can still trade lower inside the weekly support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
M
by TheSignalyst
2
BTC - Bullish this Weekend⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 BTC has been overall bearish short-term trading within the falling channel in red. 🏹 For the bulls to regain control, a break above the last major high in red is needed. Meanwhile, BTC can still trade lower to test the $59,000 - $60,000 demand zone before trading higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
Potential Bearish Momentum on FRONTUSDT.PTrading Analysis Report: This trading analysis report provides insights into the recent price action of FRONTUSDT.P, focusing on key technical indicators and patterns observed on the 15-min timeframe. Following the bounce from the EMA 200-day (Wed 08 May), the asset surged by an impressive 53%, marked by a series of 5 red candles out of 34 candles in 8h 30m. However, the inability to breach previous peaks signaled weakness. On May 24th at 4:00 am, where a big red candle cross both the 50 EMA and the 61.8% Fibonacci retracement level. This event suggests a potential shift. The technical analysis indicates the possibility of a decline, estimated at approximately -23.73%, with a potential downside target around the 1.20 level. The price still on top of 200 EMA so just be aware of that. PHEMEX:FRONTUSDT.P May 9, 2024, 6:30am
FShort
by x4fcqmrdz5
AUDCAD - Already Over-Bought 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. 📚 As per my trading style: As #AUDCAD is hovering around the circle zone, I will be looking for bearish reversal 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
4
USDCAD - TRIO RETEST 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong resistance turned support highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines. 📚 As per my trading style: As #USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
3
BTC - 60k Support Confirmed 👌Hello TradingView Family / Fellow Traders, 📦 This week, BTC confirmed the rejecting of the $60,000 support. 📈As long as the $60,000 support holds, I am expecting a continuation towards the next resistance at $70,000. 🏹 Then for the bulls to remain in control, and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
5
Gold - Decision Zone ⚠️⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bullish medium-term (daily) and long-term (monthly) trading within the rising channels and wedge patterns in blue and orange respectively. Currently, #XAUUSD is hovering within a narrow range marked in red. Scenarios: 1️⃣ Bullish Continuation For the bulls to regain full control, a break above the upper bound of the red range is needed. In this case, a movement towards the $2500 resistance zone would be expected. 2️⃣ Bearish Correction In parallel, if the lower bound of the red range is broken downward, we expect the bearish correction towards the $2160 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
6
GBPNZD - Wait For The Beast 🎶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPNZD has been overall bullish , trading within the rising channel in blue. Currently, GBPNZD is in a correction phase, approaching the lower bound of the channel. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. 📚 As per my trading style: As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Long
by TheSignalyst
3
EURAUD - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURAUD has been hovering within a big range between our blue support and red resistance. Currently, EURAUD is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On 1H: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray. 📉 Meanwhile, EURAUD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURUSD - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish short-term, trading within the rising wedge pattern in blue. Currently, EURUSD is hovering around the lower bound of the wedge pattern. Moreover, it is retesting a strong support zone in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
3
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one. I believe this to be a pivotal month for ETHBTC. Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here. There is everything you want to see here if you're going to take a bullish stance. 1) Confirmed triple bullish divergence on both 1D and 1W. 2) Fake break of structure with a dip down and then pop back up on the 1W. 3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W. 4) Stochastics ready to go back up on both 1W and 1M. 5) Six months and counting of price action hanging onto the lows without truly breaking down. 6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks. 7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone. This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place. A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case. If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
Long
by Andewyl
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red. Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline. Moreover, it is retesting a strong support zone marked in blue. 🏹 Thus, the highlighted blue 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 a non-horizontal support. 📚 As per my trading style: As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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