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4h

EURUSD READY TO TEST R1 WEEKLY PIVOT AFTER H&S BREAK. Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis . Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Long
by FX618Analysis
US30 July 27 Megaphone Detailed Analysis I have two megaphone patterns on 4H and 1H. Megaphone pattern is identified as Bulls & Bears in price disagreement. It can be a bullish or bearish pattern. Today I'm defining it as a bearish pattern because of a few reasons. We have bearish divergence on 4H where price is starting to lose momentum for higher highs. There is also a Head & Shoulder pattern into play on 4H. Bringing confluence to perspective. On the right side (1H chart) you can also see bearish divergence forming where the right shoulder is. You could monitor the right shoulder for a perfect entry or you could wait for the break of the 1H Green trendline. Price could drop to the 4H Trend line and reverse up quickly which would respect the daily trendline if it closes above before the day over with. Or price could Break out the megaphone completely and break both trendlines and reach 33000. We know when US30 is ready for a sell/dip it happens fast and does numbers so be prepared for possible compound trade for major profits. Expecting price to reach at least to trendline area 34120 and 34220.
OANDA:US30USDShort
by JasonFosterII
EURUSD July 14th Daily AnalysisPrice currently in Monthly range zone 1.18206 - 1.22313. Daily RSI shows Bearish Divergence & Hidden Bullish Divergence. Bearish Divergence is when price made reversal from top of zone to bottom. The hidden Bullish Divergence has been slowly getting created. The marked circles are hidden bullish divergence which means trend continuation to upside. There has been a reversal pattern formed on 4H. You can view pattern in my link to related ideas. Waiting for breakout of pattern.
Long
by JasonFosterII