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Reversal

GBPUSD 29/10/23Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry. iam watching these lows for a entry to show itself, if we get one then we will test our longs with low risk. if we don't get our entry then we will look to follow the short move out of our swing low. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
ROSE is blooming 🌹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange) For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till 0.07 📉 In parallel, if the last minor low in red at 0.049 is broken downward, we will expect a bearish movement till the orange previous low. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
AUDNZD - Trading The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDNZD has been overall bearish trading inside the falling wedge pattern in blue, and it is currently approaching around the bound of the wedge. Moreover, the zone 1.0925 is a strong resistance. 🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As AUDNZD approaches the blue 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
6
PT 245 - 250. H/S pattern. Buyers weakening on TSLA. Lazy pump.The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high. Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable. Anyway, "fundamentals" aside, let's look at some price action: Buyers pushed the price up from blue TL. Failed to make a new high. Forming a left shoulder. Buyers went a little higher this time, but failed again. Back down to blue TL. I alerted calls here and shares. Paid nicely! Now, this week, buyers failed to reclaim 262 resistance and enjoyed a fake pump on Friday to close the week. What happens next is either blue TL dip or white TL dip. More likely is a white TL dip because that would be 3rd touch on white TL and 4th touch on blue TL. 4th is usually bearish. 3rd is bullish. I'll buy again on white TL. Hope this is helpful for you. We've been making fire calls all month. Welcome to follow or let me know how this is helping you. NASDAQ:TSLA AMEX:SPY CAPITALCOM:US100 FX:NAS100
NASDAQ:TSLAShort
by kingdips
7
How to Island Reversal PatternGreetings, fellow traders! Today, we dive into the Island Reversal patterns, a fascinating subset of price gap structures. Understanding their intricacies can empower us to make informed and strategic trading decisions. Unraveling Island Reversals: Island Reversals materialize when prices find themselves marooned amidst gaps, isolated from preceding trends. Picture this: in a bullish rally, prices surge above the prior session's close, forming an upside gap. After a few sessions, a downside gap emerges, bringing prices below the prior close. This secluded price-range creates the Island Reversal setup, often heralding significant technical declines in bullish trends or robust rallies in bearish trends. The Influence of News and Volume: Island Reversals, intriguingly, are often the offspring of news-driven events. To validate these patterns, observe the volume – it should surge significantly on both sides of the gaps. Their rarity in the midst of a rally or descent underscores their potency as trend reversers post the second gap. Strategic Trading Approach: Post the reversal, enter a "short" trade below the low of the second downward gap in an uptrend. Conversely, in a downtrend, initiate a "long" trade above the high of the second upward gap. This tactical entry ensures you ride the wave of the emerging trend with precision. Strategically Placed Stops and Targets: Prudence dictates placing a "stop" order if the market closes above the high of the Island Reversal pattern for short trades or below the low for long trades. This precautionary measure safeguards your positions, preventing potential losses. As for targets, Island Reversals, being formidable trend indicators, often lead to substantial profits. Set your sights on key event-driven support or resistance levels, guiding your exit strategy. Island Reversal patterns hinting at impending shifts in market dynamics. By mastering these patterns and integrating them into our trading arsenal, we elevate our ability to navigate the market. Remember, fellow traders, every pattern tells a story; it's our job to listen, decode, and act. Happy trading!
Education
by Vestinda
CADJPY_28.09.2023_Potential to develop triangle & double topCADJPY analysis: 1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down. 2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern. 3. Time frame H-4, price has the potential to develop rising wedge pattern. Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position. Notes: - This is a personal analysis, please adjust it to the existing conditions. - This is not a buy/sell recommendation. This is just my personal analysis. - Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours. - Still in the learning process, let's learn together :) Thank You
Short
by moca_nomic
AMZN - too hot out of the gate?NASDAQ:AMZN is showing signs a reversal could be on the horizon. Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post). This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off. All signs showing this could begin heading back towards $128.81 as a minimum downside target. We are keeping an eye on how the technicals play out over the next couple of trading days to confirm this thesis.
NASDAQ:AMZN
by RocketTraveler
GBPAUD: “Reversal” Setup “IB Momentum” Buy Stop Entry (37/100)System has identified a “REV” playbook setup and a potential inside bar breakup for a “momentum” shift buy stop entry during the third hour of the LONDON 12-Candle Window. RISK: 1R TARGET: 4R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
Long
by USA_Capital_Funds
NZDUSD - Trading The Range 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDUSD has been trading inside a big range between 0.587 and 0.605 and it is currently sitting around the lower bound so we will be looking for buy setups. NZDUSD is in the making of a potential double bottom pattern, but it is not ready to go yet. 🏹 For the bulls to take over, we need a break above the gray neckline at 0.5932 Meanwhile, until the buy is activated, NZDUSD can still trade lower. 📚 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
6
EURCHF - Now OverSold ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we have been looking for sell setups around the upper bound of the red channel. EURCHF traded lower and it is now approaching the lower bound of the channel. Moreover, the zone 0.945 is a strong support. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. As per my trading style: As EURCHF is sitting around the lower red 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
6
UJ: “Reversal” Setup on “Momentum” Entry (30/100)System has identified a “REV” playbook setup with a potential sell stop “momentum” shift market entry during the first hour of the ASIA 12-Candle Window. RISK: 1R TARGET: 4R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Short
by USA_Capital_Funds
AAL - Preparing for Takeoff? ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AAL has been trading inside a big range between 10.0 and 20.0 round number. This week, AAL is approaching the lower bound of the range around 10.0 - 12.0 so we will be looking for buy setups on lower timeframes. on H4: Right Chart For the bulls to take over medium-term, we need a break above the last major high highlighted in gray. Meanwhile, until the buy is activated, AAL would be bearish and can still trade lower inside the support zone. For now, we wait ⏱ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AALLong
by TheSignalyst
4
UJ: “Reversal” & “BOBBI” Setup on “Momentum” Entry (28/100)System has identified two setups. A break out break back in, “BOBBI”, and a “Reversal” playbook setup along with “momentum” shift market entry during the third hour of the ASIA 12-Candle Window. RISK: 2R TARGET: 8R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Long
by USA_Capital_Funds