Get started

Reversal

EURUSDEURUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
NZDCAD 4H, Bullish Price ActionNZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I expect price to rise to upper boundary of HTF structure. Wait for an entry thst fits your trading plan. Thanks Trade Safe
Long
by ktlfx
EURJPYEURJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
BTC - Correction Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were waiting for the bulls to take over by breaking above the blue highs or the correction to start by breaking below the gray zone. Since we now have the break below the last H4 low in gray, the correction started. 🏹 In this case, as mentioned, we will be waiting for BTC to approach the green demand zone to look for new buy setups . Unless, the bulls regain control aggressively by breaking back above 25,000 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
20
📊 Chart Pattern CheatsheetChart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both continuation and reversal patterns, traders often use a combination of technical indicators and price action analysis. They may use tools such as moving averages, oscillators, and trendlines to confirm a pattern's validity and identify potential entry points. Additionally, traders may set stop-loss orders to manage risk and limit potential losses. 🔹 Continuation patterns Continuation patterns are chart patterns that suggest that the current trend will continue. They occur when the stock price consolidates in a certain range, showing a temporary pause in the trend. Some common continuation patterns include triangles, flags, and pennants. Traders may look to enter a long position when the stock price breaks out of the pattern, typically on higher than average trading volume. 🔹 Reversal patterns Reversal patterns, on the other hand, suggest that the current trend is likely to reverse. These patterns occur when the stock price has reached a high or low point and is likely to move in the opposite direction. Some common reversal patterns include head and shoulders, double tops and bottoms, and the "V" pattern. Traders may look to enter a short position when the stock price breaks below a support level or the neckline of a pattern. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
NZDCAD - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDCAD is overall bearish trading inside the orange channel and we are currently approaching a support zone so we will be looking for buy setups on lower timeframes. on H1: Right Chart NZDCAD formed a wedge pattern but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray last swing high to buy. Meanwhile, until the buy is activated, NZDCAD can still trade lower inside the blue support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
CADJPY - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes. on H1: Right Chart CADJPY formed 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 to sell. Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
AMD key reversal and double-top signaling possible pull backAMD has made an impressive bull run during the past month from a low of 60.05 on January 6th to a high of 88.94 on February 2nd, for a total gain of 28.29 per share. This run was triggered by a key reversal, so it's possible that a key reversal will also signal its end. I would pay close attention to today's bearish key reversal, and the double-top that formed near a resistance line going back to late 2020/early 2021. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDShort
by cdnbuzzard
GBPCAD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 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 resistance support zone and lower red trendlines . (acting as non-horizontal support) on M30: Right Chart 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, GBPCAD can still trade lower inside the support zone 1.60 from Daily. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
Bitcoin Reversal Signal on WEEKLY - part 2This is a follow up of my other idea ''Bitcoin Reversal Signal on Weekly''. Here, I predicted that bitcoin would reverse on the major weekly rsi divergence and it did for sure! Now looking at the daily chart: I don't think this bounce is over yet, I think there is still some juice left. To me it looks like BTC is forming an inverse head and shoulders, this breakout could send us pumping really hard, however, there is still a big resistance zone at 30k. I think this move can reach 30k for sure, there is a chance at 30k would break and then I think we can overshoot towards 40k+. Is the bottom in? I'm not sure, but for now, I think Bitcoin has some room to go the upside. Remember that we went down for more than a year without any significant counter-rallies, so I don't think this rally is unjustified.
BITSTAMP:BTCUSDLong
by CivilisedWolf
GBPAUD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPAUD is overall bearish trading inside the blue channel, and it is currently approaching the upper blue trendline. Moreover, the zone 1.76 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 green resistance zone and upper blue trendline. (acting as non-horizontal resistance) As per my trading style: As GBPAUD is sitting around the upper 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
Short
by TheSignalyst
3