Hi guys..its the latest analyze chart of XRPUSDT in 4H timeframe .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Have been waiting for this for days now. Finally I have the chance to put my bets with the Bulls. Its a 240 minutes / 4 Hours Analysis.
The Chart of USDJPY has been following the 90 EMA as its Support/Resistance Area for many days now and then there is that 285 EMA which the Dollar-Yen has been respecting as its long-term support and resistance in 4 Hours...
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...
before reaching the grey Areas or breaking the trend lines there is no possible short entry as euro is getting stronger as a currency it self too, its quite risky to enter without confirmation but as the ladder shows, we are clearly seeing weakness in the on going uptrend
Hello fello traders, a very good counter trend trade on GBPUSD, enter at the open of the next 4H candle. remember this strategy is suitable only for 4Hours time frame, remember never to risk up to 3% of you account on any one trade. Always use a stop loss and make sure you implement the right risk reward for your account.
GBPJPY potentially forming gartley pattern.
trading plan : Sell Limit @ 147,952
attention: this is only a prediction. risk use returns to each individual. if my analysis is wrong, I am not responsible for your losses. and If there are questions please chat with me or comment .
If you are a intraday trader then place a buy order near the trending support area. If you are going profit alot then wait for few days and let the price goes to weekly resistance area to place a sell order. Best of luck !