CADCHF - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
CADCHF is trading inside a big range and now approaching the lower bound / support zone so we will be looking for buy setups.
on H4: Right Chart
CADCHF formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, CADCHF can still trade lower inside the monthly support.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trigger
AUDCAD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
As per my last analysis, we know that AUDCAD is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
AUDCAD is forming a double top pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, AUDCAD can still trade trade or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for MKR .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPJPY - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that GBPJPY is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
GBPJPY is forming a head and shoulders pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, GBPJPY can still trade trade or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCAD is overall bearish from a long-term perspective trading inside the blue falling broadening wedge pattern, and it is currently retesting the upper blue trendline.
Moreover, the zone 1.355 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As USDCAD approaches the purple 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
EURJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURJPY.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last NZDCAD idea (attached on the chart), we where looking for buy setups around the blue support. NZDCAD rejected the support and traded higher. NOW WHAT?
on DAILY: Left Chart
NZDCAD is approaching a resistance zone in green so we will be looking for sell setups.
Knowing that NZDCAD can still trade higher inside the zone before going down.
That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over.
on H4: Right Chart
NZDCAD formed a trendline in red but it is not ready to go yet.
Trigger => waiting for a momentum candle close below the last low in gray to sell.
Meanwhile, until the sell is activated, NZDCAD can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AUDCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
USDJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDJPY
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDCHF
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
NZDJPY is approaching a resistance zone so we will be looking for sell setups.
Knowing that NZDJPY can still trade higher inside the zone before going down.
That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over.
on H1: Right Chart
NZDJPY is forming a head and shoulders pattern but it is not ready to go yet.
Trigger => waiting for a momentum candle close below the gray neckline to sell.
Meanwhile, until the sell is activated, NZDJPY can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC & US500 - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea:
BTC broke above the symmetrical triangle, so the bulls took over short-term.
However, we are still waiting for a momentum candle close above 20k and orange zone for the bulls to take over medium term.
Then we will be expecting a movement till the blue support/resistance and supply zone.
Especially with US500 also sitting around a support zone 3600-3700. For the bulls to take over on US500, we also need to see a break above 3700 and the last major high in gray.
Meanwhile, the bears can still kick in and drive price back inside the range.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AUDUSD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Short-Term Correction | ETH analysis inside!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached below) the bears took over by breaking the wedge pattern downward and BTC traded lower till the 20k support zone.
18k - 20k is a strong support zone so we will be looking for buy setups on lower timeframes. Knowing that BTC can still dive inside the support zone before trading higher.
BTC is forming a minor double bottom pattern, but it is not ready to go yet.
For the bulls to take over, to start the minor correction upward, we need a momentum candle close above the blue neckline.
Meanwhile, until the buy is activated, BTC would be overall bearish and can still dive inside the 18-20k support zone.
Regarding ETH, we can see a very similar pattern.
ETH is sitting around the 1450 - 1500 support so for the bulls to take over, we need a momentum candle close above the blue neckline.
Meanwhile, the bears can still kick in and break the 1450 downward, in this case, further bearish movements would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY - Wait For The Trigger!Hello Kucoin Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
CADJPY is approaching a supply zone so we will be looking for sell setups.
Knowing that CADJPY can still trade higher till the previous major high.
That's why we don't sell blindly, we always zoom in to lower timeframes and look for the bears to take over.
on H1: Right Chart
CADJPY is forming a wedge pattern in red but the lower trendline is not valid yet.
So we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger => waiting for that third swing to form and then sell after a momentum candle close below the gray zone.
Meanwhile, until the sell is activated, CADJPY can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDCAD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPAUD - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on Daily: Left Chart
GBPAUD is sitting around a strong support zone so we will be looking for buy setups.
Knowing that GBPAUD can still dive inside the support zone before trading higher.
That's why we don't buy blindly, we always zoom in to lower timeframes and look for the bulls to take over.
on H1: Right Chart
GBPAUD is forming a wedge pattern in red but the upper trendline is not valid yet.
So we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger => waiting for that third swing to form and then buy after a momentum candle close above it.
Meanwhile, until the buy is activated, GBPAUD can still trade lower.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF - Rejection Zones - Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCHF is overall bearish trading inside the our brown trendlines.
As per my last analysis (highlighted on the chart), we were looking for buy setups around the lower purple rejection support.
Now What?
Now, USDCHF is approaching the upper purple zone.
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
Thus, we 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
LONG NZDCAD on Daily ChartThe tradeWELL FX algo printed a countertrend entry-with-trigger on long NZDCAD on 08/01 with entry between 0.80885 and 0.81135. Initial target at 0.82750 with stop at 0.79020 trailing.
The pair completed an orthodox head-and-shoulders pattern.
Market sentiment is neutral, slightly favoring the bulls.
CRV is a beast!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: CRV is forming a channel but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Moreover, CRV formed a valid inverse head and shoulders pattern, but it is currently sitting around the 1.5 acting as a resistance.
Thus, for the bulls to take over, we need a momentum daily candle close above the 1.5, which would be a break above the head and shoulders neckline and the upper trendline.
Meanwhile, until the buy is activated, CRV would be overall bearish can still trade lower. (projection in purple)
In this case, we will be looking for buy setups on lower timeframes as it approaches the 0.5 support.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDCAD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich