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GBPUSD 4-Hour Inverted Head & ShouldersHi Traders, Happy Monday! Hope you all had a great weekend. Today we are looking at a possible Inverted Head & Shoulders on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic GBP/USD has wicked down to a support level not seen since July 2020. Is this a good time to buy? I only enter positions that match my setup, which could be a possible play. Yes, it is a counter-trend which is not always advisable. This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup. I am waiting for the price to break and close above that 4 Hour Resistance. If it does this I will be waiting for a possible retrace before potentially taking this pair long with a RR of 1/4 Hope you all have a great week! See you on the next one, The Vortex Trader
Long
by TheVortexTrader
1
CAD/JPY LONG MOMENTUM POSITION 4H TIME FRAMEThis is the position based on Edger trading system on 4 Hour time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. ENTRY : 102.258 STOP LOSS : 101.277 TAKE PROFIT 25% : 102.503 TAKE PROFIT 50% : 102.748 TAKE PROFIT 75% : 102.993 TAKE PROFIT 100% : 103.239 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
SHHIB close to support, lots of energy.Hello everyone, let's take a look at the SHIB to USDT chart at 4H as you can see the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support where the price is currently at is 0.00002250 $, if the support breaks down, the next one is 0.00002156 $ and 0.00002066 $. Now let's move on from the resistance line, as you can see, the first resistance is $ 0.00002424, if you can break it, the next resistance will be $ 0.00002540, the next resistance is $ 0.00002639 and $ 0.00002736. Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, which may result in more traffic in the coming hours.
by cryptodailyuk
Will LUNA attack the resistance at $ 114?Hello everyone, let's take a look at the LUNA to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 59.56, if the support breaks down, the next one is $ 81.33 and $ 72.23. Now let's move from the resistance line as you can see the first resistance is $ 104, if you can break it the next resistance will be $ 114 and $ 123. Looking at the CHOP indicator, we can see that we have a lot of energy on the 4-hour interval and the MACD indicator shows an upward trend. The LL / LH-HL / HH formation is building which could confirm the attack at around $ 114.
by cryptodailyuk
GMT may be gaining strength for growthHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support that the price has now relied on is $ 3.17, if the support breaks down, the next is $ 2.97 and $ 2.73. Now let's move from the resistance line, as you can see the first resistance is $ 3.36, if you can break it the next resistance will be $ 3.58 and $ 3.77 plus $ 4.42. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates the beginning of an uptrend. It is worth noting that the price stopped at the support and the price consolidation started, this may mean a potential upward move.
by cryptodailyuk
7
WARNING! ETH a lot of energy in the 4H intervalHello everyone, let's take a look at the 4H ETH to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support where the price is currently at is $ 2914, if the support breaks down, the next is $ 2829 and $ 2747. Now let's move from the resistance line as you can see the first resistance is $ 3153, if you can break it the next resistance will be $ 3313 and $ 3452. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, it is worth paying attention to the MACD indicator which shows that we are returning to the uptrend.
by cryptodailyuk
1
SHIB possible quick move to earn 5.5%Hello everyone, let's take a look at the SHIB to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002389, if we manage to keep it, we can move quickly to the resistance point, which will give about 5.5% profit. However, if the support breaks down, the next one is $ 0.00002216. Now let's move from the resistance line, as you can see, the first resistance is $ 0.00002556, if you can break it, the next resistance will be $ 0.00002672 and $ 0.00002768 plus $ 0.00002863. Looking at the CHOP indicator, we can see that in the 4-hour interval some energy was used, while there was some left for the next move.
by cryptodailyuk
1
NOTE! BTC a lot of energy at 4H.Hello everyone, let's take a look at the BTC to USDT chart over time. As you can see, the price is moving in an uptrend channel marked with blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,808, if the support breaks down, the next one is $ 37,558. Now let's move from the resistance line as you can see the first resistance is $ 41,429, if you can break it the next resistance will be $ 42,779 and $ 43,769. It is worth paying attention to the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and we can expect movement in inspiring hours.
by cryptodailyuk
SHIB a lot of energy in the 4H interval!Hello everyone, let's take a look at the SHIB to USDT chart at 4H. As you can see, the price is moving along the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00002534, if the support breaks down, the next one is $ 0.00002425, and the next one is $ 0.00002269. Now let's move from the resistance line as you can see, the first resistance is $ 0.00002629, if you can break it, the next resistance is $ 0.00002795, the next one is $ 0.00002973 and the next one is $ 0.00003214. Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy, if BTC remains calm, we can observe an increase in the SHIB price in the coming hours.
by cryptodailyuk
GBPUSD Long With An Order Block RetracementHi Traders, We are on the 4-Hour Chart. I am looking for GBPUSD to retrace into the yellow box. My long position will open once the retraces touches the middle of the yellow box. We have added confluence with price respecting the trend line and looking to move higher. The Daily chart is looking like it wants to break out higher. I am targeting previous wick highs. My RR is 1/3 Trade safe and hope you are all having a fantastic week. The Vortex Trader
Long
by TheVortexTrader
4-Hour Order Block Madness On Gold!It’s NFP Friday today. You know what that means—volatility Volatility Volatility. I always avoid staying out of the markets on NFP day but let’s still look at what gold did today. We are on the 4-hour chart. I have marked up an order block, as you can see on the chart. An order block is an area of interest that market makers use to access extra liquidity, which they can then use to push the price higher or lower. I’m the case of going short; I would always use the most recent bullish candle before an impulse lower. As we can price came right into the order block before dropping lower. This is what sniping is. I don’t usually trade order blocks on the 4-hour. However, this one was too good not to show. If you were looking to short Gold ( XAU ), You would have opened a short position in the middle of the OB. This is always a safe play. Put your slightly above the OB High, and your target would be the liquidity zone. This would have given a nice 1/7 RR. Order block sniping requires much backtesting and creating your own set of rules – just like any other strategy. This is a textbook example of how price returns into the OB zone to collect liquidity before moving lower. Interesting? Yes, Would I trade this on NFP day? No Let’s keep watching and see if gold can present us with any setups next week. Have a good weekend, traders.
OANDA:XAUUSDShort
by TheVortexTrader