Best H4 Forex Strategy
The H4 trading strategy revolves around a very common chart pattern known to the technicians as the Doji candlestick. Our forex H4 trading system combines some high probability setups that we’ve found work best on the 4-hour time frame.
A detailed guide to the Doji Candlestick pattern can be found on the internet.
As far as the probabilities...
Hello everyone
Here's a look at the DOW JONES INDEX , hope you are having a good one.
Now the index rallied with the bulls and we saw a bit of correction as expected with an impulse move, the index ranged within an ascending triangle structure respecting the structure completing the 123 formation which could possibly mean that we may see some volatility return...
Here we have a great example of a PENNANT PATTERN.
It's an impulse - correction - continuation pattern.
Wait for the breakout for the continuation and then enter the market.
IT CAN TAKE PLENTY OF FORMS ! ! !
This is a NAKED & SWING analysis based on patterns ! ! !
Here we have a beautiful ABC correction pattern.
Now we are waiting for the continuation of the major trend.
ENTRY : 1.3000
STOP LOSS: 1.3040 (40 pips)
TP1: 1.2960 ( 1:1 40 pips)
TP2: 1.2920 ( 1:2 80 pips)
And then extend the take profit targets and let it move until the last target.
LAST TARGET : 1.2700...
Head and Shoulders or Double Top
Potential of these two Bearish patterns coming up.
Confirmation on the Fibonacci will be supported
by price breaking through 1.17000/1.16900
Selling only if price breaks solid
below 1.16900, exit at 1.16449
Bearish Bias is wrong if price breaks
solid (not wick) above 1.17550/1.17600
Bullish Rectangle / Bullish Pennant ...
Correction was finished, gold prepares to going up one more time.
Wait the breakout and pullback, then buy.
Target: Last higher high.
Keep it simple.
Good trade!!!
Good Day Everyone
A look at the DOLLAR / POUND on most fronts the market is closing on the dollar recovery this Friday but the pair is still net long on higher time-frames so still looking for longs in the coming week until the charts say otherwise but coming down to the 4H chart the pair is trading in a pennant formation which could be signalling continuation...
Good Day Everyone
The Nasdaq 100 reached new heights yet again last week as stocks like Tesla , Apple and Amazon continued to build on recent gains. As a key member of the S&P 500 , Nasdaq 100 and Dow Jones, Apple is afforded considerable influence in the performance of the three major US indices and it has been soaring as of late – bolstering the otherwise...
Good Day Everyone
Here's an idea on the EURCAD pair looking at it from the 4H chart, the pair is currently trading in a pennant formation which might be signalling continuation to the base of the ascending channel but looking at the fundamental of both currencies looking for the EUR to gain some traction against the CAD but it could go either way so the signal...
I entered a little earlier @ 90.24 per my strategy prior of getting breakout confirmation from the falling wedge. Great support below, already hugging the trend line with possible bull continuation. Price action has touched top and bottom of the wedge 3 times on each side.
You can jump in today depending on what happens. If it continues to the bull side, I...
Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be...
