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Trendreversal

Potential Long Position for USD/JPY_Trade Plan 2017.08.07 Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still sideways to down with price hold below MA200. Currently in H1, price seems to form Double Bottoms pattern with price hold within resistance area 110.685 - 110.923, slightly above MA200. Trade Plan: If price breaks up previous high, re-test it, and rejected up, can consider to long the market to follow the potential trend reversal to the upside. With Stop Loss 30 pips and Target Profit 90 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
Long
by arieg1985
ETH - The Sun May ShineETH has broken the major downward channel that it has been stuck in for weeks, it is currently sitting at the last major trendline that indicates complete reversal. Breaking this resistance would mean the bearish market has come to an end. However this line will hold a lot of resistance, meaning that a downward continuation is still possible. Like stated in the previous chart, ETH would need some great news, and massive increase in volume. Well we have the volume, and possibly with the upcoming activation of segwit it has led buyers to push this market up. What to do: Watch this line closely. A move above it would likely mean the bearish trend has ended. If it fails to break this line, it could lead to a great short opportunity. Good luck to everyone!! note: the trend line was placed with 1 day candlesticks, the chart is currently in 4 hr.
KRAKEN:ETHUSD
by oh92
2
VSTM Wave completion + other concurrent price action I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March. Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it's a moderate risk. My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.
NASDAQ:VSTMLong
by Dank-Traders
US Dollar Bounce & What It Means For Gold!Hey Traders, I am seeing a new Macro Trend Beginning on US Dollar Index 0.08%. If you are not sure what my conditions are for a trend reversal, Please check out my recent tutorial on "How to read structure (Charts) Tutorial. Charts 1-5" (Linked Below In related ideas). I think the dollar is setting up for a small bounce here and this may cause a pullback in the metals. I do think the dollar will most likely remain in its daily downtrend and Gold -0.13%will remain in its daily Uptrend but this is a good opportunity for a short term long position in the Dollar index 0.01%. Price has broke and close above its previous high twice followed by a nice pullback giving us a good entry. I will be looking for two targets on this trade. If target 1 is reached, I will be looking to roll stops up to my entry price to lock In profits. Entry- 12207.00 Target 1- 12240.00 Target 2-12272.00
FX:USDOLLARLong
by Alec40
370 pips down?EURAUD has been moving recently in a trend and is re-testing the vast majority of previously defeated levels of resistance now working as a support. Market has been moving for a long time up. It is noteworthy that these increases took place in a very technical manner, and after each growth impulse there was a downward correction, which in majority of cases ended with a re-test of the previous resistance. Sometimes these corrections were deeper and sometimes shallower, but each time they were less dynamic than previous impulses. Currently, we have seen consolidation for over a week. There is of course also a form of correction, but given that within this box declines are more dynamic than the upswing, in near future we would expect we could break the bottom. The current situation on the daily chart may also be a forecast for pro-bearish scenario, where we note that as a result of the ongoing from February 23rd upswing price reached 1.5050 area, where already first bearish reaction occurred last week. This level, however, has not been permanently discarded though if that were the case, we would expect a re-test of 1.4600.
Short
by Comparic
Short-Term Upside For Teck ResourcesTeck Resources has been in a clearly defined downward trend since November 2016. The trend does however cycle up and down very well. Currently the stock is at the bottom of the channel and due to rise for the reasons in this article. When we take a look at other technical indicators, the relative strength index (RSI) is at 29.9555. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading has the stock flirting at the oversold level. This means the stock will rise at some point in the near future. This is the first indicator of a reversal to the upside. The true strength index (TSI) is currently -15.73. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock has been trending down. Due to the delayed correlation in the movement of the stock, this indicator does not signal the bottom until after the fact. I have used light blue lines on the chart above when the bottom was reached for the stock. The current TSI position is roughly at the same point in the wave. This is the second indicator of a reversal to the upside. The positive vortex indicator (VI) is at 0.7367 and the negative is at 1.1367. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. Currently the negative indicator is near the top of its cycle, meaning the stock should move up soon. This is the third indicator of a reversal to the upside. The stochastic oscillator K value is 8.2772 and D value is 7.3369. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. Currently this indicator is clearly in oversold territory, due for upward movement in the stock soon. This is the fourth indicator of a reversal to the upside. During the current trend channel, the stock has risen from bottom to top 3 times. On these movements, the median rise is 25% and median trading days to achieve the movement is 20 days. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction clearly points to some sort of upward movement soon. Based on historical movement compared to current levels and the current position, the stock could gain at least 14% over the next 32 trading days.
NYSE:TECK
by StockSignaler
1