this pattern has not yet been validated quite yet but should confirm either the breakdown or the fakeout within the next 2-3 4hr candles max. Probability is currently favoring the breakdown and if that occurs the target will be 7.6-7.7k. A break downward here could also flip the momentum and lead to further downside from there with 7427 as the next potential...
Price action headed back to the rimline. Needs to close a few consecutive 4hr candles above that line and have a surge in bullish volume to confirm the breakout. Fakeout still possible at the moment but wise to keep a close eye on this one.
GBP/JPY pair 4hr timeframe Technical Chart Analysis risk reward ratio 6:1 entry at vwap crossover vfi_lb at 4hr confimation Expected bullish economic calendar release for tomorrow CPI's, PPI's, RPI's etc. Strong momo scanner EA for GBP/Pound 5 min into 15 min weak 1 hr into daily timeframe And weak for JPY/Yen 5 min into daily
Bearish Engulfing 4hr Candlestick EUR/USD and start of crossing in VFI_LB indicator. Vwap for entry in 1.22 target below 1.18 support. Divergence and convergence pattern in indicator and candlestick. Increase volume for bear in the currency.
EUR/USD has a double bottom pattern Fundamental support this, US will cut the interest rate on 19 Sept, 2019. Predicted EU will bullish If you want more accurate analysis, wait until MA 50 cut MA 100
Welcome back traders! Bitcoin just closed its fourth green candle in a row on the 4h, which makes one wonder how often that happens. Although four candles in a row is rather common with Bitcoin, it turns out that five has been considerably rarer over the last 6 months. It appears that we have been seeing a series of 1-4 sets of 5+ sequential green candles within...
If this inverse head and shoulders breakout is confirmed om the 4hr chart that breakout target should help price action to rise back above the yellow falling wedge that we are currently testing the bottom trendline of as support. If we can maintain support on the yellow falling wedge's bottom trendline then we should very likely trigger the inv h&s breakout which...
This could easily be a fakeout so I'm not picking a side just yet...however if it triggers XLM could be heading to 9.5 cents in the near future here. Price action is currently testing the neckline and throwing little wicks above it so it's still right in the fakeout zone but if we see 3-5 consecutive 4hr candle closes above the neckline and a surge in bullish...
We can see a very valid falling wedge here on the 4hr chart; the purple trendlines following the wicks and the pink trendlines following the candle bodies..for now the purple one seems slightly more valid. Other signs giving the bulls hope currently are that we are still consolidating above the bigger green falling wedge from the weekly chart as well as still...
Not going to be such a big pump but a good scalp back to resistance. Maybe it’ll be rejected again maybe not. I’m willing to go into the 10% Leveraged trade LONG
If it can do that the initial breakout target is 8.5k
Tripple bottom formation on 1hr chart. 4hr chart is looking to make a turn around soon. If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance. Influx of volume today will confirm or cancel out this forecast. ______________________________________________________ Bitcoin and other cryptocurrencies are a very...
Dears, please, follow our instructions as mention on the chart. Good luck
Definitely in some form of falling wedge and seeing as how we've ben in a bull mark most of the year probability is very good of this eventually breaking to the upside...the trick is figuring out if the falling wedge is more valid by candle bodies in which case it is either a 1hr or 2hr chart pattern...or if by wicks it could be a much larger wedge that is more...
Bear trapped confirmed as the 1 day candle that dipped down ad filled the 10.1k gap last night bounced all the way back up to close inside the bull pennant as I was expecting. We also hav a 4hr golden cross due to occur in the next 4-8 hours which I think will instigate a bullish breakout from this pennant.
We can see many positive signals here for the bulls on btcusd on both the 4 hour chart(shown here) and on the 1 day chart right now. On the 4hr we can see how price action has finally overcome the 4hr 200ma's resistance and we can also see that a 4hr golden cross is in the works with a current trajectory placing September 9th as the day of the cross. We can also...
The MACD cross is showing us a bullish sign: the blue line crossed the orange line, and the histogram is just starting to show green bars. Legal disclainer: this is not financial advise, do your own research and take your own conclusions before investing in anything. The posts I publish are for information or enterteinment purposes only.
- Buy - Pair oversold on both RSI and Stochastic Oscillator on 4-hr and weekly chart - Pair previously oversold on daily chart - Pair at support