Dear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global...
As I monitor price looking for the original target of the previous Aug high to be taken out but not to sure if it will have the strength to get all the way up there. It is only Monday and a New High/Low is created for the week between Tue - Thurs. So watching to see how price reacts going into tomorrow.
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
TIMING: Asia LEVELS: Weekly, 4h, 15m BEHAVIOR: 4h B&R, 2CT SETUP/ENTRY: Pullback to REV/RSL (rejection- sell limit), B&R/D (depletion) BONUS: RSI, Correlation(GU, EU, AU, NU, UJ), 3-Level longs in the market
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉CHFJPY has been overall bullish trading inside the rising wedge in blue, and it is currently approaching around the upper bound / trendline. Moreover, the zone 170.5 is a major previous high. 🏹 So the highlighted blue circle is a strong area to look for sell setups as...
Descending wedge paired up with descending volume. Looks like we could break out tomorrow or Friday with a resistance of .74 and if broken a bullish continuation.
Hello TradingView Family / Fellow Traders, In accordance with my latest analysis, which is attached to the chart, we have been anticipating a rejection of the all-time high. 📉 For the bears to assume control and confirm the beginning of the correction phase, a break below the last major low highlighted in red is required. Meanwhile, until the bears take...
Compliment of the season everyone 👋, So today, my bias on OANDA:AUDJPY is bullish. From the 1HTF there's a channel like structure having it lower dynamic trendline intersecting with the support base. Price has responded to the lower trendline. I'm looking forward for price to test the support level again before going long on this Pair. If you found this...
Here I have the USD/CHF on the 1Hr Chart. Price action has outlined what looks to be a possible strong reversal pattern, the Double Bottom! Price has given us two Lows with the most current being a Higher Low. Now I expect with price reaching back up to Confirmation of Pattern @ .8451, we should be given a Break of Confirmation for price to begin creating Higher...
Here I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #NZDUSD. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.985 is a robust demand zone. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the...
VECHAIN look set for a reversal from here. volume profile shifted at bottom.
Hello TradingView Family / Fellow Traders, Based on my recent ETH analysis, we anticipated a rejection from the blue circle zone , as it is the intersection of the lower bound of the blue channel and the 2,150 support. Now, what's next? 📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above...
Hello TradingView Family / Fellow Traders, 📈 EURAUD has been overall bearish , trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.6 is a robust support level. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 USDCAD has been overall bullish trading inside the ascending triangle in red, and it is currently approaching around the lower bound / trendline. Moreover, the zone 1.33 - 1.34 is a strong support. 🏹 So the highlighted red circle is a strong area to look for buy setups ...
QI has been one of the major movers of the last two weeks. Two hours ago, the RSI has hit oversold on the hourly for the first time since several weeks. This signal is based on the idea that bulls will be hopping back into this token and push it upwards. Furthermore, the oversold RSI has occurred at the support level, further reinforcing the reversal...
In last weeks Spaces , I discussed "sweet spot trades". Tezos ( KRAKEN:XTZUSDT ) -- prices bounced off of, and showed a clear rejection (support) of $0.65 level, which became the "head" in an upward slanting inverted head and shoulders bottom. This pattern is developing with enough clarity for me to take my first-ever position in XTZUSDT... BUT... until a...