Recently started trading Ichimoku on the GBP/USD. With the Tenkan-sen below the Kijun-sen, a bearish future judging by the cloud and the Chikou span being below price indicates a continuation of the bearish trend. on the 4 hour price is trading close to the Tenkan-sen just awaiting the signal and confirmation to short this pair.
please give me any feedback i am...
After doing some analysis of EUR/JPY we can see a clear double bottom reversal which was confirmed by the break out of the short term trendline and a breakout of the consolidation period. We can see a pullback I will be entering long if there is a clear rejection of the shortterm trendline break. Be careful also as the dominate trend is a bearish market.
- Reversal candlestick pattern suggesting beginning of a downtrend after pair came from a sustained uptrend, made new yearly highs and had double confirmation of being overbought on the Stochastic Oscillator and RSI
- Wait for break and retest of previous resistance, now turned support and EMA (25, close) on the downside
If we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price...
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.31 - .... and fall to the @1.286. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.286
TELL is showing MACD cross on 4h and near on day. LNG gas prices ready for winter spike as prices have been down. Earnings still negative for Tellurian, but LNG is much better than coal and key is west coast distributions hubs for asia for growth vs CQG/LNG (Cheniere). Delivery on larger tankers also helping lower cost. $10 entry with another half as...