NZDUSD - Trading The Range 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDUSD has been trading inside a big range between 0.587 and 0.605 and it is currently sitting around the lower bound so we will be looking for buy setups.
NZDUSD is in the making of a potential double bottom pattern, but it is not ready to go yet.
🏹 For the bulls to take over, we need a break above the gray neckline at 0.5932
Meanwhile, until the buy is activated, NZDUSD can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Range
SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change
We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support.
Resistance levels: 0.6420
Support levels: previously broken range resistance
In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential.
Regards R. Linda!
💱EURAUD - potential for further growth is forming EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000
TA on the high timeframe:
1) the market is entering the distribution phase
2) The accumulated potential can be realized during 2-3 weeks.
TA on low timeframe:
1) Consolidation is formed above 1.66387
2) before further growth the price may return to the support for a retest
3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level
Key support📉: 1.66387
Key resistance📈: 1.67914
EURUSD 9/10/23Our final pair for this week Euro USD you can see that we are in again a bullish swing range this swing range was only confirmed after price shifted lower from the market open gap again this holds less probability when it comes to confirming a truly manipulated high within our swing range but as it stands we will look at it as a true breaker structure since this breaker structure we have tapped into our only unmitigated POI and we have seen a bullish move up we have not come up to fill the gap yet, But as we are in a bullish range it makes the fulfilment of this gap even more probable of course we will look towards our Tuesday sessions for our true price movements as today is a bank holiday but we will continue to follow price action to see if we can get some short term moves until this gap and range is fulfilled
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBPNZD 9/10/23British pound to the New Zealand dollar showing us a consistent swing move to the downside which has played out around 4 to five times already before we got to the point we're at now we now have another clean push to the downside with a clear POI and a swing high to match we're now waiting for the formation of our swing low once this is formed we will have a valid range to look for short moves but as we stated at the beginning we have played out swing lows around five times now which means that we are building a significant amount of liquidity to the upside meaning the more we play lower the more likely an expansion to the upside could occur for either a short term or an overall longer term shift.
XAUUSD 9/10/23Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now keeping in mind that we have AUS bank holiday today we aren't expecting to see any huge expansions from gold due to the lack of liquidity from New York session as you can see the price action that has occurred since the market open has actually been very sideways creating high level levels of liquidity higher and lower meaning that when we do shift there will be a significant amount of movement behind it overall I'm looking for price to come down and break the low of this massive 5 minute range that we have put in this would also feel our gap from market open and it would lead us into our unmitigated POI where we have a small amount of Inducement, until we get into our later sessions this week I am not expecting a fulfilment of this gap.
USDCHF 9/10/23US dollar to the Swiss franc is showing us exactly what we'd like to see which is a reversed version of our USD secondary pairs so for example in this case we have a bearish swing range showing us that the gap is at the low of the range in our usd secondary pairs we have the reverse where our gap is at the top of the range and we are in a bullish directional range now the gap on the US dollar Swiss franc was not as large as our other primary pairs but we have still had a gap at market open which has now been filled due to the high impact news on Friday we created a huge 5 minute range this range needs to be broken either higher or lower to confirm our manipulated low until that we will just continue to follow the internal price action to possibly find some movements for a short term entry.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NAS100 9/10/23second pair up on our markups for today is NAS 100 otherwise known as the NASDAQ pretty similar looking setup here we have a bullish swing range with a swing higher and a swing low preformed the Main point we need to focus on here is the swing high technically has not been formed through to regular price action it's actually been formed from the gap that was created at market open meaning that this swing high may not be as clear and as clean as we would expect for a normal swing high this does not change the probability of the swing low holding orders as this was formed pre gap we have inducement at our lower POI and we also have internal price action which could lead us to sell this lower we would expect the gap to be filled even though it is represented as one large candle on this price chart.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Accumulate BTC with ETHHere is the game to play. ETHBTC is one of the less risky trades in the very risky crypto space. ETH and BTC are both long term winners (likely, not guaranteed). If I go wrong with this trade, I don't care, sooner or later the price will recover - no matter if I am in CRYPTOCAP:ETH or in $BTC.
Right now ETH is trading for 0.0587 btc. It has been dumping down to the upper band of the green demand zone. It might bounce here, but I am not sure - because of the magnetic attraction of the red trend line. A dump down to the confluence of the lower demand zone area and the red trend line followed by a reversal and increased volume would make me mid term bullish on ETH. I would sell some BTC for ETH and buy BTC back when ETH is back in the 0.07 btc zone.
NFA.
DXY and Yields are set up to Rise as SPX Tests Range ResistanceThe DXY is sitting at the HOP level of this Bullish Deep Crab for the second time, generating PPO Confirmation Arrows during both tests, while the Yields are sitting at the PCZ of a Bullish Bat with PPO Confirmation, all while the SPX500USD is testing what used to be Former Range Support as New Resistance. If everything lines up here as it seems, we should see DXY and Yields Rise once more as the SPX rejects the old trading range in what I anticipate to be a fairly violent way.
SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins.
Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price.
For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year.
Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold.
For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come.
The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind.
Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
EURNZD 2/10/23EN Euro N has also given us a very clear bearish range lots of bearish range given from Friday session so we are going to look to see where this wants to travel remember if we do tap into the POI at the top we're going to look for bearish movements and if we do not get to that point we are going to expect price to continue down lower overall we would like to see a SE setup delivered at New York Open and from there we can maybe follow price to one of the external liquidity points either high or low but as it stands our main directional bias is bearish and we would look for the new investments to come in at market open for NY for London.
USDCHF 2/10/23UC US dollar chef giving us another clear bearish setup here with a non usable swing POI at the low and poi on the 5 minute time frame At our swing high which we are going to watch for more bearish momentum to the downside of course if we get there and we do not see any reaction at our point of interest it becomes less probable for this to play out we also have the S&P this afternoon as we mentioned in our previous two markups so until that news event has come we may see bias is shifting through this Monday session collectively we have had no entries yet on usdchf so we will keep you updated if we do have any this week.
NAS100 2/10/23That's NAS100 also gave us A bearish swing range following the price action Friday we have tapped into our only unmitigated POI during the Asia session and revisited it during London we also have an SE setup which is telling us that a bearish directional movement for this session is probable and collectively we are looking for price to go down now of course we do have a similar scenario with our other correlated pairs but as stated as well in the previous markup we do have the S&P This could change the narrative of the swing and it may shift our price action against our bias but as it stands we are looking for more bearish price action to follow.
BB: Is at the PCZ of a Bullish Gartley and a Bullish Deep CrabBlackBerry is attempting a spring-and-back-test-of-spring at the bottom of the range that it's been trading within since 2012, and the level happens to align with the PCZ of a huge Bullish Deep on the left, to which it has reacted once before, and on its way to testing the zone a second time and back testing the spring. It's also formed a smaller, more localized Bullish Deep Gartley with some hidden Bullish Divergence on the MACD. If it manages to get back above $5 and stay above $5 in the active session, we would then have room to see it pump all the way up to $24.89 really fast as that is the next major level above and near the 200-Month SMA, but if things really want to get serious, we could see BB complete a Full Measured move of this range which would take it all the way up to the 50% retrace up at around $45.39
AUDUSD - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDUSD has been overall bullish trading inside the rising wedge pattern in red, and it is currently approaching the lower bound of the wedge.
Moreover, the zone 0.638 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As AUDUSD 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
AUDUSD DOWNTREND CONTINUATION FOLLOWING USD INTEREST RATES 09/23AUDUSD has been in a bear market July 2023.
Price stalled out and ranged since August 2023.
We have since seen bulls try to break out of this 3-month range and failed every time.
The resistance is around 0.6530, which is yet to be broken.
We recently have seen a strong rejection of that resistance following last weeks USD interest rates.
The Australian Dollar has been a weak currency in the basket of majors for several months this year and the United States Dollar has been getting stronger.
I am awaiting my trigger just below 0.64159 and am a bit late to the action so my P/L will not be as ideal as I planned but I will take what I can get and still be realistic with the target which is sitting at 0.6360 lows which is also where many longer term buyers may have their stop losses if the uptrend doesn't work out in their favor.
I will be utilizing a trailing stop loss along the progression of the trade and have my hard stop around today's daily highs in case it does not work out in my favor.
If the trade fails then the price may go back into chop or could be a possible reversal towards range highs of 0.64159.
USDCHF 24/9/23UC is our last pair for this week, as it stands we have a clear bullish range but as we have said on nearly all of our pairs we do expect the current moves that have ran over the last few weeks, until we actually break out of this trend we will keep following it until it does then we will change our bias and follow price as it moves.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!