ZOOM Backwards, minus Z, plus N equals MOON (Moon Math edition)Lines labeled.
Watch Trends.
Note Daily Time Frame.
Personally, I like 103 on a potential move to the upside.
There is a possibility of some small downside in the short term, but it's a favorable buy if you're bullish on Zoom.
Gap closes just over 100, I believe, so I'd use caution at that point.
I could see something like this if it wants to ride those short term trends upwards.
Breakout over this trend is likely to cause the higher price targets.
ZOOM OUT (lol, puns)
Weekly view.
RSI is the thing to note here. 74 vs 72 looking at a bounce, If you don't know indicators, this simply implies bullish still, it can break down pretty easily, but it needs to close the week that way.
This allows for a bigger view, which helps show how the price can justify such large swings.
Extreme lows are 14 and under.
Video
BTC - Top-Down Analysis 📹 2023 =>2024 Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
Short Video Conclusion On EUR's Retracement ☄️Short Video Conclusion On EUR's Retracement
Video Content:
Dear Viewers, it was one of my first EURUSD video analytics. On TradingView, you can see a verified timestamp of 01 December. You might also remember the original video when I shared the signal.
I'm happy to announce the idea completed its Target Price. Your profit is the difference between these two levels. It's about two and seven percent. With a $100k investment, the trade returned $2700. The price has been consistently following the expected trajectory. So, we can't talk about about any significant drawdown.
I thank you for your attention, and congratulations if you share a similarly profitable vision.
Market Devlelopment:
I still have a bearish vision on EURUSD. I expect yield seeking on USD can pressure the EUR price as down as $1.067. I believe that trendlines in the video are still valid. I wouldn't open a short here, but I'll keep the short I already have extended with a trail profit, which was my stop loss I moved down as the price smoothly followed the expected trajectory. I consider it as a take profit because the trail profit will close the position any moment. However, I can't tell the exact price yet because the bearish outlook persists. It's either +2.7% or more.
Beyond Video:
It is not an investment advice. Do your research. Do not trade if you do not understand.
- Ely
EUR's Retracement: ECB indicated Yield-Seeking on USDWelcome Investors, Dear Esteemed Viewers,
Technicals
Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and then, I would re-assess the indicators for signs of possible support. In a bearish scenario, the next target could be $1.051.
News
Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
In the near future, EUR might follow AI's investor sentiment analytics and the bearish technical setup, but if you actively trade EUR, you might want to commit yourself to continuous research because the landscape can sharply change.
Disclaimer:
It is not an investment advice. This idea is my personal opinion. Do your research.
Kind regards,
Ely
Fundamental Shifting of USDJPY's Risk Sentiment Pressures PriceGreetings, Fellow Traders,
Technicals and Chart Explanation
Indicators
Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY.
Resistance: Resistance is a price level where upward momentum is likely to stall or reverse. In the USDJPY chart, the identified resistance level could act as a barrier for the price to break through, supporting the bearish outlook.
Downward Pressure: Downward pressure refers to the selling force driving the price lower. In the USDJPY chart, the repeated instances of price retracing toward the trendline and resistance level indicate ongoing downward pressure from bears.
Double Top Pattern: A double top pattern is a bearish reversal pattern formed when the price attempts to break upward twice but fails to surpass a previous resistance level. The double-top pattern observed in the USDJPY chart suggests a potential reversal of the upward trend and a continuation of the bearish trend.
Target Zone: A target zone is a price range that a trend is expected to reach based on technical analysis. In this case, the lower target price at $145.16 represents a potential area where the bearish trend could find support.
Forecast: A forecast is a prediction about the future movement of a price based on technical analysis and market sentiment. In this instance, the forecast suggests a potential continuation of the bearish trend in USDJPY, with the price potentially reaching the lower target zone.
Chart
As a discerning observer of market tendencies, I've identified a potential double top pattern on the USDJPY chart, preceding the recent bearish price action that gathered momentum and drove prices towards lower targets. This observable pattern, depicted above the candle formations, harmonizes with the prevailing downward trendline. Repeated instances of downward pressure exerted by bears, symbolized by the red circles, have guided the USD's descent toward this trendline. Currently, I discern a price range confined between resistance and the lower target price of $145.16. Therefore, I anticipate the potential continuation of this bearish trend.
News and Fundamental Analytics
Japan's Economy Stagnates as Yen Rebounds: Japan's economy, the third-largest in the world, grew at a mere 0.2% annualized rate in the third quarter of 2023, falling short of expectations and indicating signs of stagnation. This subdued economic growth could weigh on the Japanese yen, potentially further weakening USDJPY.
US Economy Faces Recession Fears: The US economy has exhibited signs of slowing growth, raising concerns about a potential recession. If economic conditions in the US deteriorate, the dollar could lose its appeal, contributing to a further decline in USDJPY.
Geopolitical Tensions Weigh on Risk Sentiment: Geopolitical tensions surrounding the war in Ukraine and other global conflicts have dampened risk appetite among investors. This risk-averse sentiment could drive investors towards safe-haven assets like the yen, further weakening USDJPY.
Technical Indicators Signal Bearish Momentum: Technical indicators on the USDJPY chart, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest ongoing bearish momentum. These indicators could provide further confirmation of the downward trend in USDJPY.
Please note that these observations are intended for entertainment purposes only and should not be construed as investment advice. It is crucial to conduct thorough research and make informed decisions when managing your investments.
Warm regards,
Ely
Video - Powerful EUR Fundamentals - AI suggests Technicals AlignGreetings, fellow investors, and welcome traders!
I t's a video tutorial to share the knowledge behind my charts. If you're tuned, I'll continue sharing follow-up AI and FOREX content because there's much to learn from each other.
T oday, I'm excited to share with you a fascinating generative chart I've created using a deep learning neural AI. This advanced technology enables us to analyze historical price data and identify potential future price movements.
I t's a bullish trend, with daily candles aligned in an upward trajectory. I've initiated a long position at the support level, and our AI analysis indicates the potential for further growth up to the resistance level.
While we might encounter a slight pullback below the double resistance, it's important to note that investor sentiment doesn't suggest any significant bearish signals.
S tay tuned for follow-up content where we'll delve into more trading scenarios and strategies.
It's not an investment advice.
Kind regards,
Ely
We are Bearish all the WayHey Guys!
So today i decided to test a publishing a video idea. lol
It feels great.
The video is a quick interpretation of what we have already stated on the EURUSD analysis.
PS: Apologies for the sound quality. It was just a test and I created it in a pretty noisy environment.
Feel free to drop your comments and boosts.And if you have a different persepctive on this pair, do well to share and we will be glad to learn together.
BTC - Critical Zone / Period ❗️📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
How To Analyze Any Chart 📚📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today we are going to go over a practical example on #JNJ , but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Detailed Video Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
BTR - Top Down Analysis 📹 Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTR.
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
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
BTC - Top Down Analysis 📹 From Daily To M30Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
USDJPY - Market Structure Practical Example 📚Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #USDJPY.
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
BTC - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
USDJPY - from Daily to M30📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #USDJPY.
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
ETH - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
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
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
EURCAD - from Daily to H1📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for EURCAD.
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
BTC - Detailed Top Down Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for BTC.
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
ETH - Video Update Before FOMC 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for ETH.
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