SG post-trade ReviewSG was a textbook continuation setup that we took last week. SG had a massive reaction to earnings in early May and had been flagging ever since. Our premium indicator printed a blue continuation bar and then the next day printed a continuation arrow. This combination of technicals with SGs relative strength compared to the rest of the market gave us the confidence to execute.
Continuation
XU D Buy Idea 5/18/24I previously posted an idea "XU W Sell Reversal OR Sell to Buy Idea 5/4/24". Price did not sell and immediately continued bullish. Looking for price to still head to the -27% FIB area around 2555.32 for final TP from the previous trade idea. Currently in a buy with TP actually set for the -27%, while looking for another pullback on the daily to get another entry.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
BTC - Ready For Some Action?Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the $60,000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $72,000 resistance is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
USD Waving The Flag in AU?!Here I have AUD/USD on the 1 Hr Chart!
Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week!
With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?!
Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!!
So far, we've had 2 tests and a False Break of the Support but we are missing a 3rd test of the Falling Resistance!
With Price using this Local Support level, I believe we could see that 3rd test of the Resistance!!
Now with NZD Low Inflation Expectation Results tonight, we're seeing some strength being put into AUD!!
Fundamentally for the rest of the week:
AUD-
Wage Price Index (Tue) Employment Change, Unemployment Rate (Wed)
USD-
PPI, Powell Speaks (Tue) CPI, Retail Sales, Empire State Manufacturing Index (Wed) Unemployment Claims (Thur)
BTC - Make or Break Zone 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, attached on the chart, BTC broke above the accumulation phase and traded higher.
Currently, BTC is hovering around the upper bound of the range.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the upper bound of the range at $72,000 is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the lower red trendline is broken downward, we expect a bearish movement towards the lower bound of the blue channel.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC - Bullish Continuatio?Hello TradingView Family / Fellow Traders,
📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher.
What's next?
For the bulls to maintain control, a break above the structure marked in blue is needed.
🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH - Bullish Continuation⁉️Hello TradingView Family / Fellow Traders,
📈As per my last analysis, ETH broke above the previous major high at $3000 and is currently trading higher.
What's next?
ETH is currently bullish short-term trading within the rising wedge pattern marked in orange.
🏹As long as the lower orange trendline and the $3000 support hold, a continuation towards the upper bound of the orange and blue channels would be expected around $3333.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AMD Continuation Wedge Bull FlagAmd continuation wedge momentum and bull flag can see NASDAQ:AMD Hit the 162/165 level in the short term this week and 180/190 level in the next few weeks. Add in NASDAQ:NVDA earnings and we could see a good pop . These are just technicals anything can invalidate them like fed actions or fed speak, tariffs, literally anything can invalidate them.
Sights Set HIGH for EURJPY?!Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY trading down at its 34 Yr Lows and the ECB looking at Rate Cuts soon .. Fundamentals could play a key sticky role!
- EUR has their Final CPI and Final Core CPI y/y tomorrow morning followed by Lagarde Speaking so lets see how things begin to play out!!
Technically, with this potential Bullish Triangle we are looking for continuation of this markets trend prior to entering this pattern! Back in Dec. '23, price made quite a Bullish Recovery off the 200 EMA and has shown great Bullish Momentum thus far!
*If Price gives a solid Break and Close ABOVE the Resistance Area, this could give us a good area of potential Buy Entries
-Beware of FALSE BREAKS!!
*If Price Breaks and Closes BELOW the Rising Support, I'm no longer interested in looking for Buying Opportunities!
HBL POWER reclaims 10 & 20 EMA and poised for further growthHBLPOWER has seen a good reclaim of the 10 & 20 EMA after almost a consolidation of more than 10 days with 100% increase in volume on daily TF.
The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 150% increase in EPS.
Good for swing traders. Can expect an upward momentum of a min of 20%.
Entry - INR 490 (Trade Initiated)
SL - (Day Low) - INR 454
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
AVTX - a potential continuation WATCHAVTX popped on a big revenue beat on March 28th. It is now priced at about 3% of the ATH
of last July. With the massive price jump came a 15X relative volume. The question is
whether price has retraced into support and can rally again in the next market session.
This remains to be seen. i will put AVTX on the top of my watch list and take a long trade
if I see signs of continuation with volume supporting the move.
ETH - Still Bullish 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish , trading within the ascending channel outlined in red.
ETH is currently undergoing a correction phase but is expected to remain bullish as long as the $3500 support level and the lower red trendline hold.
🏹 For the next upward impulse to start , potentially leading to a movement towards $4000, a breakout above $3685 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SMCI IS it overextended or hunting for thin air LONGSMCI is intimate with NVDA and the couple are doing quite well. I got some more at $750 and
2 days ago. Predictive Modeling is suggesting a $1000 price by Tuesday afternoon. That would
be a 33% return in less than a week. The chart shows the bull flag after the reversal out of
the down trend where I bought upon the mass index signaling. The AI indicator suggests
a slowly rising parallel channel with the upper boundary in the $1000 range. It suggests
an interval nano-dip in the premarket on Monday for a buy at the opening bell. I am good with
that. I have high confidence here due to the overall trend strength of AI. Software also
NOW, DDOG,CRM SNOW .......
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied
for three days to close out the week. The following week it retraced the rally for 2-3 days
and then consolidated for a week with a re-awakening of bullish momentum in the past prior
trading day. From here, I believe that UBER is ready for potential push to an ATH and gain
buying pressure along that way perhaps accelerated by short sellers liquidating their positions.
I will take a long trade here of both shares and call options.
TSLA - Understanding recent PA and analysis on what to look forOrange is the all important algorithm that will prove whether we are tapering on the buy side and need to continue to build liquidity. We will need yellow stronger buying continuation to break us out of this orange taper.
We now know why it hasn't happened sooner - because we've had the top of green channel in our way acting as strong resistance with orange. But the more green strays further up and away from orange, the more it's important for us to break out of that taper to prove continuation.
We will be back live streaming today at market open! Hope to see you all there.
Happy Trading :)
Btc is Channling on Fib Line Last chance to get 50k btcAfter an incredibly Impressive 25% Run btc is channeling on the Fib Line .786
It looks to have made a tripple bottom on the .78 as well on the 4 hour time frame.
It Looks Like We've Had Our Drop and we're starting to continue back rushing to that all time high as there isn't enough selling volume to really convince me that it's going to keep pushing down any further.
This is the last Chance to get a 50k BTC!
Also Bitcoin Came up on our Breakout Finder Thursday
Tracking Technicals Breakout Finder,
📈 *Symbol*: `BTC/GBP`
✅ *Qualification*: All MAs within 1% of MA7.
💰 *Market Cap*: `$1,007,232,196,139.76`
Tracking Technicals Breakout Finder,
📈 *Symbol*: `BTC/TUSD`
✅ *Qualification*: All MAs within 1% of MA7.
💰 *Market Cap*: `$1,007,232,196,139.76`
Tracking Technicals Breakout Finder,
📈 *Symbol*: `BTC/USDC`
✅ *Qualification*: All MAs within 1% of MA7.
💰 *Market Cap*: `$1,007,232,196,139.76`
Tracking Technicals Breakout Finder,
📈 *Symbol*: `BTC/USDT`
✅ *Qualification*: All MAs within 1% of MA7.
💰 *Market Cap*: `$1,007,232,196,139.76`
This Scenario Can Lead Bitcoin Above Resistance And Even HigherHello Traders Investors and Community, today I talk about a significant issue according to bitcoins price movement on the middle-to-long perspective, there are some important signs which can indicate a break of the strong resistance levels we have above our heads. As I pointed out in recent analysis about the bitcoin price action we are still in an overall consolidation, this consolidation will end when we confirmed in the proper direction, I highly recommend that you go on my account and see the past bitcoin-charts to have a full-perspective about the current price action and where it is going.
Alright, the important issue we currently face when looking at the chart is that bitcoin approaches higher little by little with small steps as we have still plenty of resistance-level above. We can see some good bullish confirmations on the locally time-frame but that does not mean at all that we are bullish in the long-run, to get bullish in the long-run there has to come to the right confirmations on the way otherwise bitcoin is still in consolidation. Now, what does bitcoin have to do to get bullish firstly in the middle-term? As you can see in my chart bitcoin is trading in a possible descending broadening wedge formation, this is a formation which is seen on many time-frames from the one hour chart to the weekly chart and it has to be confirmed properly to indicate a continuation and to validate the target of the wedge. This validation will be in this current case firstly the break of the strong resistance-zone you see in my chart, which is a resistance-trendline drawn from bitcoins all-time-high to the down-swings and lower highs of past weeks and months, this trend-line matches also with the upper-trend-line of the broadening wedge thus building a coherent structure which has to be taken out to confirm the broadening wedge. Please remember that a broadening wedge can also fail the confirmation is, in this case, the important part similar to a triangle.
Now, what can we expect when the broadening wedge formation confirms accordingly right to the structure? When this scenario sets in we can expect the target to be measured in the range between 12300 and 13800, which depends on the time and level on which the broadening wedge confirmed. When we reach this level after the successful confirmation we can expect high supply in this zone, therefore, I expect a stronger move to the downside in this case we have the first support at the now support line which was the resistance line before. When looking at this fact we see a nearly three years old resistance level taken out now this gives bitcoin possible space for further continuation. After that level confirmed as support, there is a possibility to take out the higher high 2019 and therefore giving bitcoin room to advance higher, please remember that we have to confirm these scenarios and that the direction can only be measured when bitcoin confirms the scenario right to indicate the next steps, this is how technical analysis should work and it is the difference to mere speculation. It is also the critical thinking of which every trader should handle the market, to activate the brain properly and trade what to see and not what to think or hear from people which call bitcoin to reach 1.000.000 in two weeks.
Okay, my friends, this should give you a picture of the current situation facing bitcoin, remember that we first have to take out the strong resistance above our heads to confirm the broadening wedge as validating otherwise it can still fail and turn into bearish as the consolidation in which we currently trading is still neutral in trading terms, firstly when we close above the resistance we can see bitcoin closing in the bull-zone.
Thanks for watching my analysis, feel free to support my friends and don't forget as I always say:
The ambition to transform opportunities into gold remains the most significant tool for a trader.
In this manner FAREWELL
Information provided is for educational purposes only and should not be used to take action in the markets.
BTCs Thrid Attempt, Will It Fail Again At Resistance Or Succeed?_______________________________________________________________________________________________________________________________________________________________________
Hello My Dear Traders Investors and Community, today this is an important chart because we are facing a difficult situation in BTCUSD. The BTCUSD mid-to-long-term-chart is full of contrary signals at the moment, as I already mentioned in past analysis, on a mid-to-long-term-perspective we are still in an overall consolidation phase because BTCUSD is trading in a big triangle if you didn't saw these analyses I recommend that you check these out when going on my account and look on the past BTCUSDs charts!
Okay, let's look at the chart. As you can see when zooming in, BTCUSD bounced at the support just as I forecasted, you can see the support marked with the orange box, the support is between 5770 and 5900 now what is important is that we have still plenty of resistance above us, there is the smaller falling red resistance line on the short-term-perspective and the huge falling resistance line on the mid-to-long-term-perspective (Which also builds the upper-line of the triangle we are trading in).
As we are approaching the third time the red-falling-trend-line now I am expecting a pull-back in this region, consolidation is also possible, just similarly as seen with the second attempt to break the resistance. Remember that this is a really strong resistance which brought BTCUSD almost - 58.7 % down, together with the 135-EMA there is a strong resistance-confluence-zone which should be ignored. Now the good news is that when we break these important and strong resistance levels it is a good bullish signal which can be considered for a bullish continuation to the upside. When it breaks it has to confirm fully and the 135-EMA and resistance line should be clearly broken with minimum more than 10 % to the upside, otherwise, it could be still a failure, that sometimes happens when the breakout confirms slowly but not for 100 % and the trend snaps back again in the other direction, it can also be described as a bull-trap.
In this manner, there could be still a possibility for a bull continuation although BTCUSD printed only bearish signs in the last-time not to mention the heavy bearish decline which brought BTCUSD from 9200 to 3900, but when the resistance confirms we have still the 38.2% retracement above us and the strong falling red-resistance line which have to be taken out for a full bullish scenario on the mid-to-long-term-perspective.
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The amount of good luck coming your way depends on your willingness to act.
Feel free to support for more valuable insight, thanks for your support, my friends! ;)
FAREWELL
Information is only educational and should not used to be for taking action in the markets.
_______________________________________________________________________________________________________________________________________________________________________
Break, Retest, Confirmation with 4H Fib RetracementPrice tested the 4H Support which coincides with an Order Block and 0.5 - 0.618 Fib Golden Zone. Price is in an upward trend. It broke the 4H Resistance too. I think it will retest the 4H Resistance and head towards the Daily high at 161.444. After bullish candle confirmation on the 5 or 15 minute timeframe, I will enter a BUY and target 1:2. TP at 161.44. SL 159.557.
If it breaks and retests the Daily high, it may head to the Weekly Resistance at 163.487. I will follow the above and wait for the retest and confirmation before entering a further Long.
Alternatively, Take Partials at 161.444 and let it run to the next Key Level at the Daily Resistance.
Always use proper risk management suited to your account size. Do not over leverage!
GBPCHF - Over-Bought Zone Again ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bearish, trading within the falling wedge pattern in blue.
At present, GBPCHF is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone marked in red.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setup s as it is the intersection of the red support and upper blue trendline.
📚 As per my trading style:
As #GBPCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a top 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 possible short, AUD weakness.The AUDUSD market is showing signs of weakness (in favor of the USD) after NFP news on Friday. Thursday reversal in London (as shown in the hourly chart) was a clear manipulation move taking the buy side liquidity from the Asian session. The daily is showing a bearish bias, breaching recent swing lows. We also can see that the swing lows from 11/2 and 12/7, were breached.
The trade setup is to wait for a possible retracement towards the 0.618 or 0.786 Fib levels from the measurement of the impulse in the 1H after the NFP. Ideally, this setup will form either during the London or NY session for a possible move lower and continuation of the bearish bias. Initial target would be lows of Friday or lower low after a possible run of the liquidity below Friday's lows.
This is a trade idea, for information purposes only. Trade at your own risk. If you decide to follow this idea, position yourself following your risk management plan.