IDEA - Wait For The Trigger!IDEA is sitting around a strong support so we will be looking for buy setups.
on DAILY: IDEA formed a valid double bottom pattern but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trigger
GBPUSD - Video Top-Down AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GBPUSD.
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
AUDCAD - Long Position TradeHello traders, if you like the idea, do not forget to support with a like and follow.
Today we are monitoring AUDCAD for a long position. It is sitting around a strong support area .
on 1HR: AUDCAD formed a three bar reversal price action in a support level which enables us to execute a long trade.
Trade call:
Long AUDCAD with risk of 2% of capital.
Price of execution: 0.90661
TP1: 0.91609
TP2: 0.92330
SL: 0.90661 -> we would get off the trade in a loss if price broke the support area with a confirmation candle.
Good luck!
The essence of investment is management of risks, not the management of returns.
~MT
_________________________________________________________________________________________________________
This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.
KCS - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ROSE - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ROSE is overall bullish trading inside the brown rising broadening wedge and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a "Resistance turned into Support".
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the brown trendline.
As per my trading style:
Since ROSE is sitting around the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...)
Unless ROSE breaks the green zone downward aggressively with many big bearish candles, then it will become resistance again and we will be looking for sell setups on its retest.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY - Long Position Trade
Hello traders, if you like the idea, do not forget to support with a like and follow.
Today we are monitoring EURJPY for a long position. It is sitting around a strong support area.
on 1HR: EURJPY formed two consecutive pin bars price action which enables us to execute a long trade.
Trade call:
Long EURJPY with risk of 2% of capital.
Price of execution: 131.698
T1: 132.482
T2: 133.284
Stop Loss: we would get off the trade in a loss if price broke the support area with a confirmation candle.
Good luck!
The essence of investment is management of risks, not the management of returns.
~MT
_________________________________________________________________________________________________________
This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.
GBPUSD - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last analysis (attached below), GBPUSD is sitting around a strong resistance in green so we will be looking for sell setups.
on M30: GBPUSD is forming a head and shoulders pattern but it is not ready yet so we will be waiting for the right shoulder to form (projection in purple)
Trigger => Waiting for the right shoulder to form then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, GBPUSD would be overall bullish can still trade higher inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURCHF is sitting around a strong support in green and round number 1.0 so we will be looking for buy setups.
on H1: EURCHF 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, EURCHF would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDUSD is overall bullish trading inside the blue channel and now approaching the lower blue trendline so we will be looking for trend-following buy setups.
on H4: AUDUSD 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, AUDUSD would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US30 - My Trading Plan in 3 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for DOT, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
GBPAUD - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GBPAUD is sitting around strong resistance so we will be looking for sell setups.
on H1: GBPAUD is forming a trendline in red , 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 to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated, GBPAUD would be overall bullish can still trade higher till the resistance before going down.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
GBPCHF is sitting around strong resistance so we will be looking for sell setups.
on H4: GBPCHF is forming a trendline in red , 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 to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the sell is activated, GBPCHF would be overall bullish can still trade higher till the resistance before going down.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich