GO PRO or Go Home 📷 Analysis #25/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
GPRO is stuck inside a range around support in the shape of a rising broadening wedge, and it is currently around the lower bound so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, GPRO can still trade lower till the 4.7 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Reversal
ASIA: EURCAD - BREAKOUT/REVERSAL - MOMENTUMOriginally had taken this entry earlier as I was leaving work on a range breakout setup that also met my reversal setup criteria. It retraced now to the entry and a bit of drawdown but I figured I could take this opportunity to journal my trade for future review purpose.
CAT Swing Long Reversal UPDATECAT is now bottoming for a SALE just in time for seasonal construction and agricultural upticks.
The long view is a long uptrend that started in September and ended with a lousy earnings report in
early February. The beatdown is now ending perhaps for fundamental reasons including CAT
has cash and down not need high-interest rate costs.
See the chart for the analysis. See also the previous idea. Check DE.
I see this as an intermediate-term swing long or investment or a good choice for a long expiration
call contract of options.
KBE Banking Sector ETF Long Swing LongKBE is in the middle of a beatdown with two of the biggest bank failures in history this week.
The share price action is reflecting overall distribution. The moving averages ( SMA 100 and SMA 200) are
parellel and not crossing. Today, the price action had a little pullback on the drop and perhaps an
early sign of reversal or at least the end of the trend into a consolidation. Price action today
is a symmetrical triangle at the POC line suggesting some dynamic stability and perhaps a pause
awaiting a reversal.
My idea is to buy weaknesses and later sell some new strengths ( or at least the weakness fixed).
Dip buying ( pull backs on the big picture) has risks associated with the rewards.
This would be with shares on the way down ( or a call option ) getting cheaper and cheaper buyers
and then start selling once shares are 10% above the cost and calls 25% above their cost once
the reversal is trending. ( Another idea is to buy a given dollar amount of shares and then 5%
as much dollar amount in put options two strikes above current price with DTE 3/24) as a
hedge ( insurance on risk).
Swing setup reversal for SP500**Not financial or trade advice, this is not a signal service**
Anticipating to see lower prices on SP500. The trade idea has 3 individual targets - T1 will be used to remove risk on trade (BE) and take partials, T2 to take partials and let the rest run, T3 for full close.
Reasoning:
Change of structure to the downside;
Resting liquidity below current price;
Overextension of current trend;
HTF DXY liquidity above current price;
Will update the trade idea at the end.
ICP Big Range 📦 Analysis #23/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ICP has been stuck inside a big range between the 4.5 support and 6.4 resistance.
🏹 If we retest the blue support again, we will be looking for buy setups on lower timeframes
For the bulls to take over long-term , we need a daily candle close above 6.4 resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SOL Macro Shift In Momentum 🔎 Analysis #22/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
SOL has been been overall bearish trading inside the blue falling channel.
🏹 For the bulls to take over long-term , we need a break above the last major high and green resistance around 27.5
Meanwhile, as we approach the blue support again, we will be looking for short-term buy setups
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OKB Trend-Following Setup ↗️ Analysis #19/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
OKB is overall bullish, and now retesting a strong demand zone, so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
OKB is bearish from a short-term perspective trading inside the red channel.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, OKB can still trade lower till the 37.0 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Short the retestHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are going to short the BTC because there is a retest of the breakout and not only that there is a reversal pattern.
BTC Short now @ 22090
Stoploss 22618(-2.3%)
Target 1, 21304(+3.5%)
Final Target 20615(+6.74%)
Don't forget to hit the like button and follow to stay connected.
Bitcoin Cash 💶 Analysis #12/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BCH has been stuck inside a big range between the 100.0 support and 150.0 resistance.
Now BCH is approaching the lower bound / support zone so we will be looking for buy setups on lower timeframes
Moreover, the red trendline is acting as a non-horizontal support.
🏹 So the highlighted blue arrow is a strong area to look for buy setups as it is the intersection of the blue 100 support and red trendline.
As per my trading style:
As BCH approaches the lower blue arrow, 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
SHIB: Fly timeHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today I am seeing some reversal patterns forming to make the coins fly and Shib also forming the reversal pattern to make it fly at least +40%.
This formation is not complete as there will be a dip but after that dip, it will fly high. It is aiming to touch 0.00001369 resistance.
Don't forget to hit the like button and follow to stay connected.