Get started

4hr

GBP JPY Long PositionFundamental Analysis: Although at the beginning of last week there was a decent bullish rally a lot of ground was lost towards the tail end of the week. Depending on how much time is spent on the trade it should be unaffected by scheduled economic events apart from the CPI release on Friday. Brexit always remains an uncertainty and strong volatility can always be expected on this pair. Technical Analysis : Flat bottom triangle. Pinching and breakout in either direction is imminent. We have reached resistance zone that can be seen on the weekly chart, hoping for a potential bounce back to the upside. This trade is more of a price action trade than a fundamental one. This is my opinion on this pair. Always happy to hear other opinions. Good luck.
Long
by cboch123
small shouldered H&S pattern seems 2 b validated; 4hr deathcrossNot a good sign as we plunged below the 1day charts buy/sell line after days of constant support from it. it takes us back to take another look at the 4hr charts strange looking head and shoulder pattern we had our eye on the other day. This pattern seems increasingly more legit and if it was indeed validated the drop target is as deep as the 5.9k area. I have also listed price target points just for the breakdown of the recent flag and the support zone at the old pink symmetrical triangles top trendline seen here on the 4hr chart. Be prepared for any of these 3 to be support but keep in mind with the unavoidable 4hr death cross that is iminite within the next 2 days more downside is almost certainly to be anticipated so the lower bounce zones are probably going to be more legit. If you are ready to be prepared for all of them you are likely to be correct on one of them. As of now breaking below the 1 day charts 50ma doesn't appear to have delayed the trajectorys of the 1day golden cross much yet...if the trajectories remain the same from here we would have a goldencross on the 24th of september...I know we will likely see the 50ma point further downward in the coming days but if the 200ma in turn moves downward at the same rate it shuld hopefully not delay the cross by too much
BITFINEX:BTCUSDShort
by DrDovetail
We have broken down from a bearflag & through a big support liThe old adam and eve neckline we broke up from before was holding very strong support after the bearflag breakdown but could only hold for so long before it gave way. Are next 3 big supports are 7.3k the 4hr 200ma(shown here in blue) the 1 day 50ma and the 7k psychological. The bearflag breakdown target could send us all the way to 6.9 or even upper 6.8k. However I am hopefully that either the 200 on the 4hr chart or the 50 on the 1 day chart will provide us our much needed bounce. if we break under 7.2k however then 6.8-6.9 becomes a real possibility.
BITFINEX:BTCUSDShort
by DrDovetail
8