CADJPY 4H SHORT - 200 PIPS POSSIBLE MOVECurrently waiting for a 4H candle to close, looking to enter short at price above 77.00
SL 77.51
TP 75.00
may take some profits at 75.70
R:R - 1:4.3
200+ pips potentially to be made on this trade.
240
EUR/NZD ReversalPrices are set to reach the trend line resistance at around 1.8100. We should see a reversal down to levels around 1.7760 or maybe more. Like if you agree!
#bitcoin - Weekend with M-R2 as Resistance and Yearly as SupportGood evening,
looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above,
is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area.
Currently the Monthly R2 Pivot is in the way of price increase. The January still is not over so not saying anything too early, but history (again) might not repeat.
Everything important is as usual automatically marked for you.
Have a great trading weekend.
Neru
BYBIT BTCUSD 4H Automated StrategyHi guys, here's a new strategy for BYBIT:BTCUSD in 4h (240) timeframe. Long and Shorts.
To create this setup I backtested the configuration on one year data (2019 to today).
The goal was to make a solid Swing Trading Strategy which catches major moves in the market, with a relatively low risk.
To achieve this the idea is to use a Trailing Stop Loss AND Take Profit. I know Bybit doesn't allow such features but my indicator has it in its body.
The Long Take Profit starts at 30% which is 3 times higher than the Short one, because that's how Bitcoin is: its bull rallies tend to be stronger than the bears.
For the entries, I used oversold and overbougth reversing RSI in order to capture tops and bottoms.
RSI length of 7 with a lookback of 125 bars to get the highest/lowest point.
I filtered the bad entries using Tilson T3 trend line with a length of 36 days.
I hope you find the strategy interesting!
For those willing to automate or backtest using my private indicator, use the links below to get it.
Here is the configuration:
To create the alerts, use the regular 'LONG ENTRY' and 'SHORT ENTRY' for the entries and 'ALL EXIT' for exiting both kind of positions.
#bitcoin - 240 trendline to break?Good morning and hope everyone had very wonderful and merry Christmas!
I am back to business now and hope we all can start the year 2020 with some great trades in a couple of days.
Let´s have a quick look at the 4-hour chart of Bitcoin, where we can see a rather clear bounce off the Weekly Pivot and key-level support.
To reach the $7.6k again, we need to break this currently disturbing trendline on 4h. (White, dotted)
As usual I have marked all levels for you, that can turn the picture and initiate short-termed trades / scalps.
Remember: Don´t predict, make plans. Don´t assume, react.
Happy trading and have a nice weekend!
(Sorry been painting this chart yesterday, so my long-scalp is already closed since an hour)
______________
Neru
#bitcoin - 240 *update*Technically, at the moment we have no clue if it´s going to break up or not. The higher low and the horizontal keylevel might indicate, that this is going to turn into a
triangle-shaped fractal, before going any direction, which means there is time left to range.
At the moment we have fallen back below the Daily Pivot, which can indicate a bearish tendency for the next hours and last of this week.
Where trendline, keylevel and SMA50 come together is going to be interesting as support.
I am holding my long, but trailed stops up to $7296 (target $7781) and set new limit orders on both key levels lower. I am not using big positions at the moment to keep my flexibility.
Have a nice evening guys.
Neru
EURUSD potential long Okay, On my Higher timeframe the Daily we have an uptreand , so i was looking for a pullback(Discount) so i can try and join the uptrend, on my trading timeframe the 240 i was looking for a temporary downtrend. Price started to range between 1.11212 and 1.10742(Marked by green broken lines) this was a sign of sellers struggling to go lower low, but the buy ran away from my anticipated entry. So i waited to see if the sellers can come in again, currently price is pulling back to broken Resistance looking to turn support. If the test is weak ill buy but if the test comes in big candles ill have to go back and wait on the sidelines. feel free to share your views on this pair, and feel free to critic my analysis. With pip love.
EURGBP Teeming Short for 400 PIP or More But...As we explore a nature of dynamic Fib channels with this pair. It's been interesting watching how it has adjusted its position based on price and time.
Have you wonder why it hasn't been motivated heading South for a while? It actually just daunting some moves but still on the proper level to stroll upward.
One of the findings is that, it has been actually ranging weak and has shown some hidden bullish divergence for this pair. Hence, the price has been strolling on higher peak level but this pair seems not done just yet as there's more in the upper room waiting for it to fill in as it reach its peak.
Another way to constitute some findings with this analysis is the dynamic Fib channels. As price travel through and remain on higher peak level, we could see a chance for it to visit a psychological price level of 0.93 and 0.94, respectively, right after it has range over 0.925-9. Moreover, although 0.95 on QP theory is just around the corner, a price level can only be confirm once it finally has fully shown its intent whether to wonder around higher 0.946-9 or not. It is also necessary to watch closely if the price remains on solid ground, in any case, this pair is no longer motivated to wonder around higher prices, then this pair will be a generous currency pair to short, after all.
Patience is a great reward itself. Trade safe! Cheers!
Buying CADJPY as it pull back into H4 demand The daily chart shows price in an descending triangle with support below price and lower lows being made above. Currently price is pushing up towards the top of this triangle,but experiencing some problems getting past H4 resistance.
I am looking at price pulling back into H4 dem
High probability patterns AU 240Bearish gartley and bullish bat on AUDUSD 240. Entry on gartley at 1.272 fibonacci extension from AB and on bat at 88.6 fibonacci retracement from XA. These patterns will be traded with 2 targets, both patterns use target 1 AD 38.2 fibonacci retracement and target 2 61.8 fibonacci retracement.
GBPUSD On the Series of Looking for LOY (Low of the Year)Hey co-traders, 1st off, our GU is seating off on Major Short Trend. It's not wise to buy until cloud is clear. We can see how she tries to move up and keep on getting rejected on those key levels on volume. Dynamic wise, dealers still have a room for it down to the bottom to 1.235 or lower, which could be calculated as economic factor depreciates its price on the price chart. MM swiftly moved their motive on a matter of week to entice appearing LOY last few weeks, but we all know it's not real until another price has been unfold for it. For PA, she tries to move up on spike but shows a sign of exhaustion and will eventually show just a long wick on every spike or economic news. There was one good rally we have had experienced 20 hours ago. Although the high it has given up with was eventually rejected. Hence, apparently, considering this a "Rally Rejection Trade Setup" based on volume, as there's a heavy room seated on resistance. Let's probe each trade and analysis, and validate it with truth, figures, economic facts and valid confirmation. Personally, I could be cold wrong but it shouldn't meant to affect other traders strategy to it, not trying to be right on this, but just trading with solid facts and confirmations. Healthy exchanges of views with others also validates trades with some other currency pairs. What's your insight for this pair?
EURCAD Trade Plan UpdateJust basically updating EURCAD after a long week of shorts with a simple touch on wave. Note: Personal buy entry @ 1.46453. Trade safe!
EURUSD 240 LongAfter NFP, The direction is pretty clear buyers are in control.
Looking to Scale in more profits based on previous entries.
Dollar strength is Extremely weak should be able to get sharp pullbacks from sellers on lower time frames.
I would need price to pullback into 1.13 or 1.126 levels and range there. In the event that happens i can fade the sellers and rejoin the break out as that would be the 3rd impulse wave where everyone is desperate to join the buy.
Standby
AUDNZD 4hr/1hr LongAUDNZD -2/-6
Looking for long Positions
1.Fading Sellers momentum
2. Expecting prices to hold around 1.05957
Standby
NZDUSD 240 LongNZDUSD -6 0
1. Hoping for pair to range
2. Fade out buyers if it reaches the previous breach
3. Recheck strength
4. And take trade to previous high
Looking for long entry- Wait for ConfirmationEURUSD is reaching critical zone both in terms of support and current downward movement- but there is an reversal opportunity on the cards
Price is currently sitting around the 1.135 zone, but has reached the 4 hour support zone.
The challenge on this pair is the strength of the current downward movement, although RSI is indicating the oversold region.
A break through the 1 hour resistance line and a bounce off the 4 hour support zone, will indicate a move to the upside, looking for a TP1 at 1.145 and TP2 at the 1.155 area.
Whilst there is long sentiment - certainly wait for confirmation before entering any trade and a good opportunity (if a move to the upside happens) will be on the pull back after the break through.
My first public prediction =) Gold going UPFirst, I am at very beginning of my Forex studing. So I am very opened for yours constructive criticism.
If Dollar will stop to mess all pairs at market, Gold must be return to going UP.
RSI and Stochastic showing Bullish Divergence on 4H chart.
Entering price is 1324.2 - above daily resistance area.
Stop Loss is 1311.81 - a bit low of upper limit of weekly support area.
Top Profit is 1353.7 - a bit above of low limit of daily resistance area.
$BTCUSD looking very weak on the 240TF. I remain short for now. $BTCUSD on the 240TF looks like it is getting ready to dive. Holding short positions for now. I see a bearish cross on the MACD and a move across the middle of the Bolliger Bands looks like a real possibility. Of course, if we can somehow manage to clearly break the resistance at around the 9200 area I would go long. Bearish for now. Go well.
