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Reversal

MATIC - Just Like A Bow And Arrow 🏹 Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. MATIC has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound. Moreover, the zone 0.95 - 1.0 is a strong weekly support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower red trendline. (acting as a non-horizontal support) As per my trading style: As MATIC approaches the lower purple 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
M
by TheSignalyst
24
GOLD - XAUUSD - Make or Break?Gold has been under high pressure because of Dollar strenght lately, but it might want to go for a little break up, It's been grinding down trought a parallel channel/wedge since the beginning of the month to eventually hit the 1800 level, pulling a nice H8 Pin bar showing some strenght in the bulls hands. It's a risky trade to get in, as we know Dollar is being really strong lately, and I don't see anything that could stop it but, this week isn't seeing any major release, so we might be able to push up a little bit and get a chunk Since we're falling from 1960, we haven't really see any pullback, and price action has been super tight, hard to get in, but, if it breaks the red descending trendline, then it might want to go visit the 1840 - 1850 Level, and then, it will depend on US data for further continuation up, but for now, if it break that trendline on H1 _ H2, I'll be looking to get to 1840 It's a counter trend situation, so, expect less than if it was with the trend, I'll put my trade to BE as soon as RR reaches 1:1 Cheers everyone and safe trading!!! Leave your comments!
FOREXCOM:XAUUSDLong
by aemerydufoug
2
BTC: Bullish pattern after breakoutHello Traders! Welcome back to another trade with analyst Aadil1000x. This is the toughest spot to predict the move and after analyzing the patterns the chart is forming some bullish patterns. These patterns are forming after the breakout of Expanding triangle pattern. On the first move, the market will aim to retest the breakout line and we will also see some retracement after the test of the trendline but later we will see instant bulls which will take it to the trendline starting from the top. This is the same pattern that we traded last month. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
6