AUDCAD forming a nice head and shoulder on the four hour time frame. Forming a solid down trend attacking a 10 year low support zone. The drop will take some time to play out but looking at possibly 330 pip drop and counting. Only has a few recent support zones to push through for the move to play out but looking like a nice bearish move.
Oil is falling back down to major near term support around $21.50 per barrel it cannot hold the $25 level today which is an important level in the short term. The 4-hour chart is showing us that it could be a lower head & shoulders forming. Not my favourite charting pattern but the technicals are showing that this level has enough buyers to complete the pattern....
This is an updated look at my chart from the analysis done on the 17th of March - Price action tested the highest Fib level before making a reversal and triggering of the pending order.
This was a long wait but patience in key.
*NotFinancialAdvice
Nice upside position available for USDJPY today now that we have found support at 50SMA. Strong risk reward so there is added risk, but well worth the entry.
Hey all!
Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave.
But -we have bullish divergence on the sRSI, and RSI (4HR)
Not too much strength behind it, but it's not a risky trade IMO.
My play here:
Wait for BTC to cross the 1:1 Gann Fan and play the break...
Price is in an accumulation range and I am going to risk to the top of said range with targets around 106 (first targets). Price should move away from this area pretty quickly once the range breaks
NZDJPY
-12 hour order block touched from 2019
-Price testing major support level
-4 hour order block created
-Price sitting on 4 hour block currently about to break trend.
-2 gaps on NZDJPY
EURCHF
- Descending top on a downtrend. Price has found support. Order block created when price broke through support and trend.
- Now we enter back on support, between the high and open of the bearish candle that broke support.
- First TP is at previous support/resistance. Price will reject or break through.
A closer look at the 4hr timeframe and the 3hr timeframes show potential strong support for the simple, round, 30 cent ripple, provided bitcoin stays where it is currently at.
Fresh Gold analysis on the 4hr after completing our recent trade. A more technical approach.. Price is currently at our resistance area (we can see over time how price reacts to $1510-1515) Bulls over the past 4 months have been struggling to close above this area but if they can, then we could see yearly highs get retested. Alternatively, if bulls fail we could...
