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CADJPY - One of Three Yen Trend TradesCADJPY is one of three Japanese yen pairs that I held through the weekend. the other two pairs are EURJPY and SGDJPY as they share very similar price action patterns. The selloff in December 2023 seemed short-lived to me so I found an opportunity to enter long earlier this month. My best guess for the selloff is the collective premature anticipation of interest rate cuts in 2024. From a price action standpoint, I quickly developed another sentiment. High level summary below: After a retracement, price failed to push to a new lower low. The relative low forms a new range boundary. Price breaks above the upper range boundary and holds, which signals further upside momentum. I'm not the biggest fan of how this pair, along with EURJPY and SGDJPY, closed last week. Seeing two down days certainly poses a risk that this uptrend may not continue for the week ahead.
Long
by FinancialGamblR
Gold can make small correction and then continue to rise to 2075Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago made a strong upward impulse to 2145 points, but at once in a short time declined to the resistance line of the triangle, thereby breaking the 2075 resistance level. But later, the price rebounded from this line and made a downward impulse to support line, thereby breaking the 2075 level again and even the 2015 support level, which coincided with the buyer zone. Next, Gold bounced from the support line and made impulse up this level, broke it and soon made a retest. After this, the price continued to move up to the resistance level and when it reached this level, XAU rose to the seller zone and even a little higher. Then Gold turned around and in a short time declined to support line of the triangle, making a fake breakout of the 2075 level. Also later, the price exited from the triangle and fell to the support level, where it recently rebounded and started to rise. So, I think Gold can make a small correction movement and then continue to move up to the 2075 resistance level. Therefore I set my target at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
USDCHF - Follow The Trend 🐻Hello TradingView Family / Fellow Traders, 📈 USDCHF been overall bearish , trading inside the falling blue channel and it is currently approaching the upper blue trendline. Moreover, the zone 0.86 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups, as it marks the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As USDCHF approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
4750 Target met, trends in some conflict nowSo, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower High 2Hr - 4757 Uptrend (1/5/2024) Lower High 3Hr - 4808 Downtrend (12/29/2023) Higher Low 4Hr - 4808 Downtrend (12/29/2023) Higher Low 6Hr - 4759 Downtrend (12/20/2023) Higher Low 12Hr - 4762 Uptrend (1/3/2024) Higher Low Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High So now the shorter timeframe trends are in some conflict with the longer timeframe trends, and being I capitalized well last week, I am in no rush to get between this fight. Economic Data; I could see the public debt today being a big issue, but the major one this week will be CPI data on Thursday, as covered in the video. Geopolitical tensions in the Middle East continue to be a concern as well. My sentiment is; Shorter Term - Neutral Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Bullish Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
3
Ethereum|The BULLISH trend continues until the price of 2800Hello friends, I hope you have made a lot of profit this week. Let's go to Ethereum to have an overview of it. At the moment, Ethereum is involved with a daily resistance zone as well as a 4H resistance zone. This supply area has been tested several times, now the debate is whether the buyers are winning the game or the sellers. If this area is broken upwards, we will enter buy positions on the pullback to this area. If it falls from here, we will enter buying positions in the demand areas that I specified in the chart. My possible target price is 2800, but never enter the position without confirmation, don't forget the SELL limit.
Long
by Golden_Star1994
3
Litecoin(LTC): Can We See Another Drop?The LTC coin has caught our attention with some nice potential for history to be repeated! We are seeing how, after forming some bullish trends, we have been eventually breaking them from time to time. With that being said, we are seeing a similar outcome, where currently we had a breakdown and now we are entering the "sideways movement" phase. During that phase, multiple positions can be taken, but as of now, this is just raw material, as we need to see if we will form any clear trends here! Swallow Team
Short
by SwallowAcademy
4
AUDUSD - Follow Your Friend ↗️Hello TradingView Family / Fellow Traders, 📈 AUDUSD has been overall bullish , trading inside the rising channel in blue and it is currently approaching the lower blue trendline. Moreover, the zone 0.665 is a robust support zone. 🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As AUDUSD approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
GBPNZD - Follow The Bears 🐻Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline. Moreover, the zone 2.055 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the blue supply and upper red trendline. 📚 As per my trading style: As GBPNZD approaches the red circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
Bitcoin(BTC): Shorting Towards $32-34K Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe. This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
GBPAUD - Follow The Trend ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 GBPAUD has been overall bearish trading below the red trendline, and it is currently retesting it. Moreover, the zone 1.9 is a robust resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As GBPAUD approaches the red 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
CGC 🆕Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and potential profits for savvy investors. Understanding the landscape, staying informed about legislative changes, and diversifying your portfolio can help navigate the uncertainties and maximize the potential of cannabis stocks in the long run
NASDAQ:CGCLong
by TrojanBible
Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market. While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback. As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
by CryptoPAMM
4
GBPUSD SELLSo here we have price forming lower highs and respecting our MA's. I don't usually rely this much on my MA's but since price has repeatedly rejected on the 30 min TF during the London session, theres indication buyers don't have enough liquidity in the market, and with US news coming out shortly and giving the economic month we had in December last month, the dollar could increase due to consumer spending. I'm price to retest my entry level for more confirmation in a bearish trend. Hopefully my SL isn't too tight lol. Please leave some feedback!
Short
by BandmanB3
HelenP. I British Pound can rebound up from support levelHi folks today I'm prepared for you British Pound analytics. A few time ago price rose to the 1.2620 support level, which coincided with the support zone, but at once rebounded and in a short time declined to the trend line. After this, the price rebounded from this line, started to trades in a triangle, and made a strong impulse up to the 1.2785 resistance level, which coincided with the resistance zone, thereby breaking the 1.2620 support level. Then GBP bounced from the resistance level and made a correction to the support level, which coincided at moments with the trend line, after which the price rebounded and rose until to resistance zone. But soon, GBP fell back to the trend line, making a fake breakout of 1.2785 level and even recently broke this line, thereby exiting from the triangle pattern and declining to the support level, where it continues to trades near now. For my mind, the British Pound will decline to the 1.2620 level, rebound, and start to move up. That's why I set my target at the 1.2725 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2