NZDUSDNZDUSD: IMO here is the end of the upward movement. I wanto sell NZD with 1% risk right here . but use sell stop order to find the best price .
Trend
XVS START INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that XVS has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
USDJPY - Follow The Bulls ⤴️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 FX:USDJPY has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a previous major high marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDJPY approaches 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
GBPUSD SELL TO BUYThe price approaches the key zone where manipulation will be observed.
With the seller's work and the formation of bearish formations, this range for further movement is 1.2318-1.2186, where it will be interesting to consider the reaction of the buyer to continue the upward movement to the local accumulation of liquidity in the range of 1.2750-1.2930
Maintain your risks and act in accordance with your trading system.
USDJPY - BEAR STILL KILLING - But Be CarefullBe Careful with the hidden bulls at this level today Nov 21 2023.
As of the latest market activity, the USD/JPY pair has shown bearish sentiment after moving below the 149.00 level, which is near six-week lows, as per technical analysis reports. It's trading around 149.00 following a 23.6% Fibonacci retracement. Technical indicators are suggesting that there is a bearish sentiment to navigate.
Further technical analysis indicates that a weekly doji candle at 150.00 has provided a bearish signal, with market events triggering a “risk off” response. This may have been influenced by key US data that is expected later in the week, which will bring both the Japanese yen and the US dollar into focus. The yen is often considered a haven currency and could react to market sentiment and upcoming economic data.
On the more immediate horizon, the USD/JPY has seen sellers push the price back below 140.00, and it is showing an extension of that pullback, testing below the Fibonacci level at 139.59. The price remains above prior resistance with a few notable levels, including 138.75, which was last week's resistance.
The technical outlook highlights a break in the November opening range for USD/JPY, with potential exhaustion or price inflection into confluent support at the 147.68-148 range early in the week. There is also resistance at the weekly open eyed at 149.60, with bearish invalidation now set to the 2022 close-high.
Lastly, the USD/JPY failed to break through the 151.93 key resistance last week and has fallen sharply since. However, the downside has been contained by the 149.17 support so far, and the initial bias remains neutral for the start of this week.
These analyses suggest that traders should keep an eye on key support and resistance levels, with a bearish sentiment currently prevailing. Upcoming economic data releases and market sentiment will likely be significant drivers of the pair's movement in the near term. Investors should monitor these factors closely to inform their trading decisions.
Look my análisis and give me your opinion at comments
drive.google.com here:
BTC - The Bulls Are Strong 💪 For Now!Hello TradingView Family / Fellow Traders,
📈 BTC has generally exhibited a bullish trend from a medium-term perspective, trading within the ascending broadening wedge outlined in red.
In our last analysis, the bears took control in the short term last week by breaking below the last minor low in green.
🏹 Subsequently, we sought buy setups around the lower bound of the red wedge , and confirmation came after breaking above the blue high.
Therefore, BTC is anticipated to maintain a bullish trajectory, trading within the rising wedge in orange, with an expected movement towards the 38,000 - 40,000 resistance zone.
📉 However, unless the lower orange trendline and blue zone are breached downward once again, we should anticipate another bearish correction until reaching the lower red trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Reversal Broadening Wedge pattern in SUNPHARMASUN PHARMA LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1077-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 990-.
📈 Can Go short in this stock by placing a stop loss Above 1250+.
BIG PLAN about BTCAlthough it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage.
When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction has not been fully realized.
Currently, our strongest support level appears to be the 50-week simple moving average, which runs parallel with the Rising Wedge support trend.
When SMA 50 breaks, we can expect a very deep decline.
Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
#NIFTY Intraday Support and Resistance Levels - 20/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19740 level and then possible upside rally up to 19860 in today's session. in case nifty trades below 19700 level then the downside target can go up to the 19580 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level.Any Major downside only expected in case banknifty starts trading below 43450 level.
For Week 2023/11/20-24, A slight bearish move for XAUUSDConsidering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global factors, market sentiment, and economic indicators, as these could influence the trajectory of XAUUSD.
Xau/Usd (Gold)Hello traders!
The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level 1992.0 without breaking the line to go to the level of 1941.00. Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
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GOOD LUCK!
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XAUUSD - FAKE RUPTURE OR WILL BULLS WIN THE FIGHT? SEE MY IDEAS The technical analysis for XAU/USD (Gold/US Dollar) is showing a neutral to slightly bearish sentiment at the moment. The summary from a technical analysis is neutral, with moving averages giving equal buy and sell signals (6 each). However, the technical indicators are leaning more towards sell (4) than buy (2), suggesting that there might be a slight bearish trend in the immediate term.
For the upcoming week, there isn't a clear trend indicated from the information available. It's important to consider that gold prices can be influenced by many factors including economic data releases, geopolitical tensions, and market sentiment. Investors and traders often look at gold as a safe-haven asset in times of market uncertainty, which can lead to price increases, whereas stronger economic indicators can lead to strengthening of the USD and a decrease in gold prices. It would be advisable to keep an eye on upcoming economic events and market news for a more accurate forecast.
MY TWO IDEAS HERE THOUGHT THIS LINKS:
drive.google.com
drive.google.com
GBPUSD - LONG TERM OPPORTUNITY OF BUY, BULLS ARE GAIN POWERThe forecast for the GBP/USD currency pair for the upcoming week shows a mixed sentiment among experts. According to the FXStreet Forecast Poll, while some anticipate the GBP/USD pair to continue to trade around the current levels, others foresee a short-term bearish trend with the one-week average target aligning at 1.2464. However, there is also a belief that the pair may be near a bottom and could potentially undergo a recovery in the coming weeks, with the one-week average slightly below 1.2300.
For specific numbers, one prediction for Monday, November 20, is an exchange rate of 1.226 dollars, with a maximum of 1.244 and a minimum of 1.208. On Tuesday, November 21, the forecast exchange rate is 1.221 dollars, with a maximum of 1.239 and a minimum of 1.203.
The closing price of GBP/USD on Friday, November 17, 2023, was 1.2415 dollars after reaching a high of 1.2442 and a low of 1.2376 during the trading day.
In the macro scenario, a bearish trend is observed, but on the micro level, one can take advantage of a bullish trend.
Keep in mind that currency markets are influenced by a multitude of factors including economic data, political events, and market sentiment, and thus forecasts can change rapidly. It's always good to stay updated with the latest market analyses from multiple sources
THIS IS MY TWO IDEAS
drive.google.com
drive.google.com
USDJPY - BEARS ALREADY KILL BULLSThe USD/JPY pair closed bearish on Friday, with the dollar trading below 150 yen due to growing concerns about a weakening global economic outlook. This bearish trend was influenced by cooler-than-expected U.S. inflation data and expectations of a potential Federal Reserve rate cut in the future.
Looking ahead to next week, forecasts will likely consider the current economic indicators and central bank policy expectations. The market is pricing in rate cuts by the Fed by December 2024, which has contributed to the dollar's weakness and may influence the trend for the next week. Investors will be monitoring these developments to anticipate the USD/JPY pair's direction.
"And it perfectly fulfilled the idea that we had outlined."
drive.google.com
drive.google.com
GOLD SELL TILL 24 NOV 2023 On 24th Nov, Friday, or 27th Nov, Monday, gold will create a low at 1924 and change the market to buy. Also, on 27th Nov, it's a full moon, so we are expecting a change of trend from 24th Nov or 27th Nov. The market will create a major low, and on 12th Dec, gold will create a high of 1998, and the trend will change to sell. Let's see how the market will respect our analysis. Previous analyses indicate that gold followed very beautifully; let's observe this one.
Market Trending Up, but what about longer trends?Hey everyone! Sorry for being away for a bit, while we did follow my red graph down and I had shorted into some of that, I did not feel comfortable following it back up and went over to trade several 6E contracts instead. Not sure the income difference was much, but it felt like a safer trade following long term valuation of the Euro than hoping stocks regain levels never until the pandemic.
Full disclosure, I closed out my 6E contracts towards the end of Tuesday, and am sitting in NO current position right now, so it is easy for me to talk about the market with no skin in the game.
That being said, let's dive into things. Here are the trends as we are in the middle of today;
Last Macro Trend Signal Spots (ESZ Contract)
30m - 4524 Uptrend (11/16/2023) Higher High
1Hr - 4391 Uptrend (11/10/2023) Higher High
2Hr - 4412 Uptrend (11/10/2023) Higher High
3Hr - 4412 Uptrend (11/10/2023) Higher High
4Hr - 4424 Uptrend (11/10/2023) Higher High
6Hr - 4260 Uptrend (11/1/2023) Lower High
12Hr - 4319 Uptrend (11/2/2023) Lower High
Daily - 4378 Uptrend (11/3/2023) Higher High
Weekly - 4244 Downtrend (10/16/2023) Lower Low
On a short term and medium-term basis, things are very much trending upward. Based on the short sentiment in the market, I think we won't push too much higher, and could even run back down to around 4420ish as I think lots of people went short going into Tuesday's CPI data and are going to be holding their positions to try and minimalize their losses if they didn't practice good risk management.
I go into a concern on this upward movement in the video, but ultimately I am concerned that we had our first lower low downtrend EVER on a Weekly analysis for trends. I'm not saying that it will take us lower, I am saying it has never happened before. Every downtrend signal we ever had prior has always been a higher low downtrend. As long as we stay above 4462 when the last uptrend signaled (week of June 6, 2023) we are above and looking to signal a higher high uptrend, but anything below that to me shows we could be headed into a sideways or even long term downtrend market for the first time ever. Or... like I said it has never happened so maybe it means nothing, as there is no historical data to look at.
My current outlook is;
I just plan to sit and watch for potentially the rest of this week and maybe decide Monday on a position, unless I take a short term trade for just over Friday but will likely close out before the weekend. I may even continue to look for other areas of the market to invest in.
Safe trading, and remember your risk management plan!
Monitoring GBPNZD Trend StrengthGBPNZD has been such a weird pair for me. It gives off bearish vibes as annotated in my original analysis.
As labelled on my chart, I entered short last week and got stopped out a few days later. Now that price entered and then exited the previous range on the downside, I'm enticed to make another attempt at a short entry.
Plan is to wait for 1-2 more daily candle(s) close before making an entry decision. The reason is because I do not want to see strong overlapping bars, which may indicate market indecision or also known as micro-consolidation.
GBPCHF Momentum PlayBack in October, I managed to capitalized on the initial range breakout. Another momentum play has been observed based on the price action detailed below.
Price forms a lower high, which also indicates that we're likely seeing a price ceiling.
Momentum picks up towards the downside on the neckline break.
The range era has come to an end as price breaches below the lower boundary and successfully holds below it.
Very surprising v-shaped recovery, but new range has formed.
This is a very interesting break below the lower range boundary. Not only does price holds below this boundary, it also signifies that the v-shaped recovery is rather shortlived.
BCH - Still Strong ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BCH has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, BCH is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a demand zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BCH approaches 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
USDCAD - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has exhibited an overall bullish trend , trading inside the rising channel in blue.
At present, USDCAD is undergoing a correction phase 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 trendline acting as a non-horizontal support.
📚 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
