Hello everyone I see in the 4h chart a bearishtrend, we can set tp: tp1 74.250 tp2 73.980
Parallel bull channel Looking to sell to trend Price may break and retest this block area so wait for momentum on candlesticks to indicate short or long trade.
AUDCAD 4 hour - Block - Pair is in parallel channel - Looking to sell for a retrace to the double bottom
AUDUSD 4 hour - There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.
Looking for a long entry on GBPNZD 4 hour. NZD pairs appear bearish but NZD is hanging, and GBPNZD is also in a choppy situation. This trade will be taken based on price momentum near entry with TP1 anticipated.
Classic 4 hour divergence on 4 hour EURUSD could push prices to the top part of the range again. You can see it on the RSI too.
Descending triangle break-out set up! Resistances at $10,380 and $10,550. Can expect to follow the ascending line for the next few days! However, since it is at the verge of break-down tight stop losses must be placed!
Please message me for further details, and blessed trading! :)
this triangle is going back to our highs of this year over all we have just gone sideways an i really do think this is going to break up every one i hear on youtube twitter are all bearish again everyone is looking at the 8,5k mark like its going to happen today the overall trend is still up so im long at 10k have already taken profits on target one so we will see...
1. It is an unusual formation to have. How to trade it? Well, it is always 50/50 situation. You basically trade in the direction of the breakout. 2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea. Keep in mind they might go in opposite directions...
Love when charts go the way you anticipate or at least mostly. Last chart I mentioned I had scaled into about 80% of my position on the drop down and re-entered final 20% just over 10k on the first bounce up. Ideally I was seeking a lower high to set in around 10,500-10,900 as that would be a solid bounce and give plenty of breathing room for the bulls to then...
USD/CAD: Sell 1.31344 ---> 1.30600. - Established that buying momentum is over. - Incident ( BLUE CIRCLE) - Low risk trade. - (1:2) Ratio.
Ultimately I want to see the DXY under weekly structure ( lower yellow zone). Blue zones are 4H structure