GBPJPY has recently broken out of the wedge and price has seen a clear lower from the 4 Hourly resistance. Next sellers could look at 61.8% Fibonacci level and the 4 Hourly support as a good area to take some profit. Likewise spectators might see this area, as a good place to buy (placing stops below the 61.8% on a test and bounce). So watch out for a bounce at...
I'm going short on the EURUSD because of a 4 Hour pin bar that formed and met my rules analysis.
The pin bar formed and then the next 4H candle moved up to touch the R2 pivot line which coincided with the fib retracement lines that I drew on the fib line itself.
My entry price is 1.1335.
My stop loss is a few pips above the pin bar high at 1.1377.
I've set my...
Potential EURUSD short if the price hits 1.1320. The entry is 20 pips below the daily resistance, with SL 40 pips above the daily resistance. If the price gets rejected at this level, it would be a triple top and triple rejection at this level. TPs is based of fibonacci from the 4h chart.
Orders is as following:
Position 1:
Entry 1.1320
SL 1.138
TP...
GBPJPY is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to...
EURJPY is trading close to a strong resistance, formed on weekly chart, as well as fibonacci 50% formed on daily chart. RSI is close to being overbought and the buying pressure is slowing down, showing that the pair could go down soon.
SL is above the mentioned resistance zone.
Entry: 127
SL: 127.6
TP: 125
Risk/Reward: 3.33
Price made a higher high on the 4 hour last week that stalled into Daily resistance (.6845-.6870.) I'm looking for price to put in a higher low without putting in a lower low. See the blue curved line. This would tell me we could have a potential breakout of Daily resistance. It could make a pennant formation. If price breaks below and closes below the current...
Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the...
There is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the...
Pin bar rejection from 4hr support level which is also the .618 fib retracement level. Price action is below the kumo, impulsive moves followed by corrective moves show the Bears are in control, order flow seems to be smoothly rolling down in a non-volatile trend. The ichimoku kinko hiyo high lights how ichimoku wave theory makes the next impulsive leg down...
Looking for a breaktout to about 115.00
Waiting for a retracement and retest of support on the upward trend around 113.50
Taking a long entry and aiming for a target on the median line near 117.00
Good luck traders!
Approaching an important support zone around 1.0820
Look for either a breach or a rebound from this zone.
EUR/USD is trading in a range on the daily so I'd be looking for profits at the top or bottom depending on the reaction to this zone.
Just a rough idea for stop loses and target profits.
Good luck traders :)
I'll be looking for a retracement in the next 5-8 days, followed by bear confirmation on MACD and/or candle. If I see that I'll be shorting this with the trend.
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up.
Stop loss is based on previous structure as indicated by the red line.
Take profit is based on Fibonacci levels.
Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade.
Fundamentals
Aren't any particularly...
The ascending channel pattern on H4 chart of XAU/USD shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, and an MT4 chart template...
