I'm looking for price to retest .6541. The overall trend has been really bearish and expecting that to continue. With that said, I want to see price test the .6541 area and reject on a 240 candle. I am going to wait after the 240 close on the test before getting short. I would have my stop just above the structure area around .6575 just in case of a fake out. I'm...
The double bottom pattern on H4 chart of AUDUSD offers an opportunity for a bullish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).
More information, chart template, and free expert advisor to...
Reasons for
- We are clearly up trending
- We are putting in higher highs and lower highs
- We are getting nice swing highs and structure
- Previous 4 hour candle was a bullish hammer (Bullish candle)
- We have nice long wicks to the downside which signals more buying power
- We are above key level of 0.75000
Daily
- We put in a huge Bullish engulfing last...
The FX:CADJPY is in a 4 hour corrective structure. It looks like downtrend in these two weeks.
Now it is experiencing a short term uptrend.
Sell at 81.40, stop loss 81.70, take profit 79.50.
Inside an ABCDE Elliot Wave Pattern.
Overall trend is down(daily time frame), so I'm only looking for a short.
We also have have some bearish divergence.
moving averages appear as though they will soon crossover in the bearish direction.
BUY USDJPY at support
(Analysis Based on 1H charts)
Criteria
1. Up trend on the 1H chart
2. At weekly Support/Resistance level
3. RSI was oversold at swing low
NOTE: Wait for price action to confirm the importance of this level.
BULLISH price at support
(Analysis Based on 4H and 1H charts)
Criteria
1. Up trend on the 4H chart
2. At channel bottom
3. At weekly swing high
4. RSI was oversold at previous swing low
NOTE: Wait for price action to confirm the importance of this level.
BUY GBPUSD at channel bottom
(Analysis Based on 4H and 1H charts)
Criteria
1. Up trend on the 4H chart
2. At channel bottom
3. At daily support level
4. RSI was oversold at channel bottom
5. Slight hidden divergence
NOTE: Wait for price action to confirm the importance of this level.
SELL EURUSD between 1.110xx and 1.113xx
(Analysis Based on 4H and 1H charts)
Criteria
1. Down trend on the 1H chart
2. At channel top
3. At daily support/Resistance level
4. Advanced harmonic pattern (Bearish Bat)
5. RSI > 60
NOTE: Wait for bearish price action to confirm the importance of this level.
Hi there,
I found a really great opportuniy in the EUR/AUD 4H.
The best part? It's executable in both direction.
Here are those harmonic pattern completions:
1. Bat Pattern Completion at the 0.886 Retracement with target at 0.382 retracement that comes right at structure (Given that this trade has a bullish bias in the HT. I only shoot for the 0.382...
Been really interested in the workings and concept base around Bitcoin so thought I would analyse it for possible opportunities.
Seen a strong trend holding on the daily charts which is correlating perfectly down to the 4Hour chart. Some strong fibonacci levels in action here along side MACD and RSI indicating a pivot in momentum. Two potential targets set at...
Hello traders,
I've been looking at this pair for over 2 and a half hours completely analyzing it and I feel very
confident sharing this with all of you. I've taken the structure highs and structure lows for the past few swings and have analyzed them due to their stark similarity. If the pair continues past the 1.07 level, I plan on holding this as their is a...
