Trigger
AUDNZD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDNZD is overall bullish however , it is approaching a strong resistance and upper blue trendline so we will be looking for sell setups on lower timeframes.
on H1: AUDNZD is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated, AUDNZD can still trade higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF - 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 EURCHF.
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
DOGE - Shift In Momentum!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DOGE is approaching a strong demand zone in green so we will be looking for buy setups.
on DAILY: DOGE is stuck inside a range in the shape of an inverse head and shoulders pattern.
Trigger => Waiting for a momentum candle close above the blue neckline to buy.
Meanwhile, until the buy is activated, DOGE would be overall bearish and can still trade lower till the lower orange trendline.
In this case, we will be looking for buy setups on lower timeframes.
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 AUDCAD .
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 - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
NZDCAD is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes.
M30: Right Chart
NZDCAD is forming a channel in red 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)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , NZDCAD can still trade lower inside the support zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDJPY is sitting around a resistance so we will be looking for sell setups on lower timeframes.
on H1: AUDJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated , AUDJPY can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
VLX - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
VLX is sitting around a strong demand zone in green so we will be looking for buy setups.
on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.
Meanwhile, since VLX is sitting inside our demand zone, we will be looking for buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIB - Shift In Momentum!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SHIB has been overall bearish for a while making lower lows and lower highs. The bears were aggressive pushing price lower making big impulse movements.
However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.
The bears are clearly exhausted but that doesn't mean that the bulls are in control just yet.
Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.
Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
As per my last analysis, EURUSD is approaching a strong support zone in green and the lower orange trendline so we will be looking for buy setups.
H1: Right Chart
EURUSD is forming a trendline in red but it 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)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, EURUSD can still trade lower inside the horizontal green support.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BAT - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Right Chart
BAT is overall bullish trading inside the brown channel.
and now BAT is sitting around the lower brown trendline acting as non-horizontal support, so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
BAT broke above our blue wedge pattern and it is currently stuck inside a consolidation in the shape of an inverse head and shoulders pattern.
Trigger => For the bulls to take over, we need the right shoulder to form, then a momentum candle close above the gray neckline.(projection in purple)
Meanwhile, until the buy is activated, BAT can still trade lower until the horizontal green support. In this case, we will be looking for new buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Multi-time frame TRIGGER PRICE ACTION The three driver pattern has been created in daily time and the price has moved towards the level of the first driver.
The level of the first driver is at the location of the weekly support area.
This area is drawn according to the weekly pivot, which is a pristine surface.
Also, by connecting the upper level of the 3 drivers to each other, a channel line is formed, which creates an ascending channel by moving the bottom of the channel to the source of the upward movement.
The price is now at the bottom of the uptrend channel, and since this is the second price encounter to this level, we can expect the uptrend to start at least 50% of the uptrend channel.
Of course, we note that the price can go down to 66% below the weekly support area.
There are knots in the way of rising prices that can cause a reaction
VLX – Market Structure AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I found VLX chart interesting. Here is why:
VLX has been bearish for a while, however, we can clearly see that the bearish impulse movements are getting smaller and more flat (red comments).
So from a market structure perspective, this means that the bears/sellers are exhausted.
But this is just an early alert that a potential reversal might happen. It doesn't mean that the bulls are in control just yet.
For the buyers to take over, and the momentum to be shifted from a long-term perspective, VLX needs to break above the last major high marked in gray.
Meanwhile, until the buy is activated , VLX can still trade lower to test the green demand again. In this case, we will be looking for short-term buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHFJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CHFJPY is sitting around a strong weekly demand zone , so we will be looking for sell setups on lower timeframes.
on M30: CHFJPY formed 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 buy is activated , CHFJPY would be overall bullish can still trade higher inside the green demand.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FET - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
FET is overall bullish trading inside the brown rising broadening wedge pattern.
FET is now approaching the lower brown trendline and green support so we will be looking for buy setups.
on DAILY: The sellers seem to be exhausted, as the last swing couldn’t push lower, instead resulting in a higher lower. This gives us an early alert that a potential shift in momentum might occur soon!
Moreover, FET formed a valid wedge pattern in red and inverse head and shoulders pattern.
But it doesn’t mean that the bulls took over yet.
Trigger => For the bulls to take control, before we buy, we need a candle close above the gray neckline.
Meanwhile, until the buy is activated, FET can still trade lower inside the green support before trading higher.
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
EURJPY - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DAILY: Right Chart
EURJPY is approaching a strong resistance in green and upper brown trendline so we will be looking for sell setups on lower timeframes.
M30: Left Chart
EURJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the buy is activated, EURJPY would be overall bullish can still trade higher inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FTM - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FTM is overall bearish trading inside our brown channel .
However, it is currently approaching the lower brown trendline.
The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.0 - 1.2) and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
I will be looking for bullish reversal setups on lower timeframes(like a double bottom pattern, trendline break, and so on...)
Unless FTM breaks the blue zone downward aggressively with many big bearish candles.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOT - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOT is sitting around a strong support in green so we will be looking for buy setups.
on DAILY: DOT formed a valid wedge pattern in red but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, DOT would be overall bearish can still trade lower inside the green support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Video Top-Down AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KCS.
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