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4H GBP/JPY SELLGBP/JPY is in a distinct 4hour sell bias. GJ was currently consolidating and creating the final exhaustion from the earlier push down. Possible selling opportunity, watch out for extra SL hunt place SL above previous wicks. Multiple confluences for sell including trendline touch, supply & demand zone, 50% retracement fib, sell bias market structure creating the HL to push down for a new LL, imperfect double top. Targets are around the -27% rib extension or around the 131.00 round psychological number.
Short
by elaniskov
3
Crude Oil 4 Hourly Chart Showing H&S FormingOil is falling back down to major near term support around $21.50 per barrel it cannot hold the $25 level today which is an important level in the short term. The 4-hour chart is showing us that it could be a lower head & shoulders forming. Not my favourite charting pattern but the technicals are showing that this level has enough buyers to complete the pattern. If we lose that level, we could go as low as $15, I am confident we will not see that as the OPEC+ meeting on the 9th will provide a needed boost. What do we have here? ✔️ Bullish H&S Forming ✔️ OPEC+ Meeting on 9th April Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
FX:USOILLong
by UnknownUnicorn309537
Inverse head n shoulda'sHey all! Looks like we have a small inverse H&S here.. but it's kind of ambiguous as it could also be a normal head and shoulders with that first shoulder wave. But -we have bullish divergence on the sRSI, and RSI (4HR) Not too much strength behind it, but it's not a risky trade IMO. My play here: Wait for BTC to cross the 1:1 Gann Fan and play the break out, set a super tight SL and TP at around $9.3 - $9.4 (determine a more specific TP once it confirms). If it is a bearish Head and Shoulders -wait for price to drop below the 2:1 and again set a super tight stop loss. What do you guys think? Thank you for looking at my idea!
BITSTAMP:BTCUSDLong
by BitCapJNY
XAUUSD (Gold) 4HR Analysis Fresh Gold analysis on the 4hr after completing our recent trade. A more technical approach.. Price is currently at our resistance area (we can see over time how price reacts to $1510-1515) Bulls over the past 4 months have been struggling to close above this area but if they can, then we could see yearly highs get retested. Alternatively, if bulls fail we could fall back into the ascending channel which was formed back in June, that was recently made valid again with price consolidating within it. Or if this channel is broke i've higlighted my drop back zone, with further drops expected. Will be watching price action carefully
FX:XAUUSD
by Ironclad_Investments
1