BTCUSDT has recently reached a KEY RESISTANCE level on the 4 hour timeframe.
We've seen multiple rejections from this zone in past data, showing strength in the SHORT trade, where it may look to initiate a BEARISH trend.
The key to this movement is waiting for a definitive move via BIG VOLUME CANDLES, price could reject off the zone temporarily and retrace back...
This is for short term
Always place your order where you place stop loss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
There are some bullish Head 'n' Shoulders patterns today in Precious Metals.
1st up see charts for Palladium XPDUSD. This is a bullish H & S's on multiple timeframes. 5m played out earlier in Asian session but we still have setups on the 1HR, 2HR and 4HR charts.
If Mr Powell gives the market the boost and shot-in-the-arm that I think he will today because I...
If it reached the full breakdown target it will head to 3.12. However being a smaller time frame and a bearish pattern in the middle of a bull market cycle, it does decrease the odds of it hitting the full target. I think 3.12 would make for a solid correction for ABT after making such excellent gains the past few months. I do still think after it finishes this...
Silver has tested support of $30 and now looks ready to move higher! All time frames look bullish. For higher timeframe analysis please check my other chart.
THIS IS NOT FINANCIAL ADVICE
Bitcoin had been forming a rising channel for quite a few days here which is seen best on the 4hr chart timeframe. I chose to show it on the 1day timeframe though because the channels breakdown target just so happens to align with the daily 50ma(orange line). It would make a lot of sense for it to retrace to the 50ma and attempt to retest it as support. Of course...
As always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the...
We're ranging here between fib lines. We can see the s/r line i added that seems significant in this range. Looks like there was a breakdown that was rejected turning into a MA bounce and looking like it's gonna breakout here very soon
Price has finished consolidating and is starting to break up.
Good pullback to enter in a long position, with the weekly + daily+ 4hr up trend.
Target next major resistance zone.
FX:EURUSD
Change in bearish structure on EURUSD. Price broke above 1.06705 Daily resistance and made a pullback to 1.06705 Daily support. Entries will be based on lower timeframe confirmations
22 Oct 2022
Instrument: BTCUSDT
Time frame: 4hrs.
CMP: 30055
buy above: 30207
sl: 29720
Tgt: 31038
Risk disclosure:
We are not SEBI authorised analyst. Views expressed here are for our record purpose. Please consult your personal financial advisor before investing. We are not responsible for your profits / losses what so ever.
FX:GBPJPY
GBPJPY broke below 183.094 Daily support and made a retest to previous support now turned into resistance. I am anticipating a move to the downside during the Asian session going into London session.
EURJPY 4hr has already made a new high by breaking/Closing up the previous high that indicates the continuation of the Bull Trend, expecting pull back from the previous Key level by making double bottom pattern
I normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much...
