CADCHF On The Rise! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6239
Bias - Bullish
Technical Indicators: Supper Trend generates a clear Bullish signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6267
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Signal
GBPCHF Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1214
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1232
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
EURGBP Massive Short! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8387
Bias - Bearish
Safe Stop Loss - 0.8403
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8360
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
CADJPY Buyers In Panic! SELL!
My dear followers,
I analysed this chart on CADJPY and concluded the following:
The market is trading on 109.01 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 108.68
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings:
Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STZ Constellation Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery.
This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets.
Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
ETH - Two Levels to Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔Here is a practical example on how to find your edge.
According to our last educational post:
Where is ETH now?
It’s currently in the middle of nowhere, a no-trade zone, as we don’t have an edge.
Here are the possible areas where we’d be interested in trading:
1️⃣ $2000 is a round number that intersects with a structure and trendline, making it an attractive zone to consider medium-term longs.
2️⃣ $2900 represents the previous major high and structure that the bulls need to break above to take full control.
Until then, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIB/USDT today SHIB/USDT is in a downward channel. The price may face resistance at 0.00001739 and is likely to continue falling towards 0.00001640.
Strategy:
Sell near 0.00001739, targeting 0.00001640.
Stop Loss above the channel to minimize risk if it breaks out.
Keep an eye on the channel for any potential reversal!
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
BTC at a Crossroad: Bounce or Drop to $57,885?The BTC/USD 4-hour chart shows several key technical patterns that can guide a trading strategy:
Resistance and Downtrend: There is a visible resistance zone around $62,441, marked by the red area and a descending trendline. The price has previously reacted at this level and rejected it, indicating that sellers are currently in control around this region. Any attempt to break above will face resistance, and short positions can be initiated near this level.
Support Zones: The $57,885 level is a crucial support area. If the price falls below the current zone (around $60,800), we can expect it to test the $57,885 support. A break below this support would open up more downside potential, possibly triggering stronger sell-offs.
Potential Rebound: The blue path shows a possible bounce from the $60,800 region, leading to a brief upside before hitting resistance again. However, unless BTC can decisively break above the $62,441 level, this upside is likely to be limited.
Strategy:
Short Position: Enter near $62,247 - $62,441, with a target towards $60,800 or lower. Tight stop loss just above the descending trendline.
Long Position: Consider entering near the $57,885 support if the price holds, targeting a potential recovery back to $60,800.
Economic data more supportive of 25 basis point cutThe market is still waiting for data to be more certain about the next move of the US Federal Reserve (FED). Analyst Giovanni Staunovo of UBS said that since the payroll data was released last week, the market has been discussing whether the world's leading economy is in a soft landing scenario. Staunovo added that the upcoming inflation data will partly answer that question.
This morning, gold prices continued to decline after the FED released the minutes of the September 17-18 meeting, in which it noted that the pace of future cuts will not be determined by the initial cut (the FED just cut interest rates by 0.5% last month).
Dallas Fed President Lorie Logan said she wanted smaller cuts in the near term, due to the remaining inflation risks and significant uncertainties about the economic outlook.
According to the World Gold Council (WGC), central banks around the world have slowed their gold purchases in 2024 compared to 2023, but still maintained higher purchases than before 2022. This is partly due to the People's Bank of China stopping gold purchases since May until now...
💎 XAUUSD Buy limit 2606 - 2608💎
✔️TP1: 2615
✔️TP2: 2625
✔️TP3: OPEN
🚫SL: 2597
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2632 - 2634💎
✔️TP1: 2624
✔️TP2: 2614
✔️TP3: OPEN
🚫SL: 2642
EURUSD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0990
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0979
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
AUDUSD What Next? BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6720
Bias - Bullish
Safe Stop Loss - 0.6683
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6782
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURAUD: Bearish Continuation & Short Signal
EURAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURAUD
Entry - 1.6278
Stop - 1.6347
Take - 1.6150
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
APLD Applied Digital Corporation Options Ahead of EarningsIf you haven`t bought the dip on APLD:
Now analyzing the options chain and the chart patterns of APLD Applied Digital Corporation prior to the earnings report this week,
I would consider purchasing the 9usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AUDUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDUSD has been overall bullish, trading inside the rising channel in green.
Moreover, it is approaching a massive demand zone in blue.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower green trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDUSD is around 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
BTC/USDT: Potential Breakout or Further Correction?"Based on the chart provided for BTC/USDT in combination with current market factors, here’s a comprehensive analysis of the price action and potential outlook for Bitcoin:
Technical Analysis:
Descending Channel:
The chart illustrates a clear descending channel where Bitcoin has been rejected multiple times from the upper trendline (as shown by red arrows). The price is currently within the boundaries of this channel.
The next possible move is a rejection from the current level, indicating another leg down to test the lower boundary around the $59,000 to $58,000 region.
Support and Resistance:
Resistance: The key level to watch is around $64,000, which has acted as a ceiling for Bitcoin in this descending trend. A successful breakout above this level, confirmed with a retest, could signal a reversal of the downtrend and the start of a new bullish cycle.
Support: On the downside, the $58,000 level serves as strong support. If the price breaks below this, further downside is possible, but a bounce from this region could lead to another attempt to break the upper channel.
EMA Indicators:
The price is trading between two key exponential moving averages (EMAs), suggesting a neutral sentiment in the market. A breakout above the EMAs would likely push BTC towards the upper resistance, whereas a rejection could lead to lower prices.
Fundamental Factors Influencing Bitcoin:
Strength of the US Dollar:
The USD has been strong recently, driven by expectations around Federal Reserve policies. A strong dollar often puts downward pressure on BTC prices as investors shift to safer, fiat-based assets.
Regulatory Concerns:
Bitcoin has faced increased scrutiny from regulators worldwide, particularly regarding its use in decentralized finance (DeFi) applications. Any unfavorable news on this front could exacerbate the bearish trend.
Activity:
While retail traders remain active, institutional interest in Bitcoin has fluctuated. Any significant inflows or outflows from institutional players could influence market sentiment, leading to sharp price movements.
Conclusion:
The chart suggests a cautious approach to Bitcoin in the near term. If the price fails to break the upper resistance, we could see a further correction down to the $58,000 support zone. However, if the price breaks out of the descending channel and moves above $64,000, it would signal a potential shift to a bullish trend, aiming towards higher levels. Keep an eye on news around the USD and regulatory updates, as
SOLUSDT today Resistance: Around $145 - $148 (red zone), where price might be rejected.
Support: Around $135 (green zone), the next key area for a potential drop.
Trading Plan:
Short: Enter if price gets rejected at $145.
Target: Aim for $135.
Stop Loss: Above $148 for safety.
This is a straightforward approach based on current levels and potential price action.
XAU drops sharply without any newsThe USD continues to surprise the market when it has increased quite strongly in recent sessions. Along with that, countries are also lowering interest rates and looking for ways to support the weakened economy after the pandemic and the instability of production chains as well as reduced consumer demand around the world.
The price of gold rings in basic units remains the same in both buying and selling directions compared to the previous session.
According to technical analysis, the indexes reaching 50 points are an expansion level. However, at the time of assessment, consumers are more optimistic than last month, showing a positive trend, they will buy more goods and services, which will boost domestic demand, stimulate businesses and the economy to grow better.
FLMUSDT 1:1 Long Setup SettingBINANCE:FLMUSDT
OKX:FLMUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.0523
0.0531
0.0540
0.0550
🔴SL:
0.048
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
How To Have An Edge Over The Markets!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today I want to share a basic trading plan that you can follow to quantify your trading edge.
📌Step 1:
First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. is it bullish, bearish or stuck inside a range?
If the price is sitting in the middle of nowhere, then it is a NO trade zone as price has 50% change to go either up or down. Thus no edge!
📚Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2
📌Step 2:
No matter how strong a horizontal / non-horizontal support or resistance is, it can still be broken. Thus don't buy/sell blindly as price approaches a support/resistance.
Instead, zoom in to lower timeframes like H1 and M30 to look for setups.
🏹A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over.
In parallel, wait for a swing high to be broken upward around a support for the bulls to take over.
This would be the confirmation to enter the trade.
⚙️Of course, your second edge would be through risk management by targeting at least double than your indented risk.
But that's a topic for another post 😉
Always follow your trading plan regarding entry, risk management, and trade management.
Hope you find the content of this post useful 🙏
All Strategies Are Good; If Managed Properly!
~Rich