analysis EUhello trades, what I'm seeing a potential retest to the downside. Might make a double bottom. Thanks for reading!
4hrchart
EURNZD SHORTEN has been in a downward channele for quite some time. After the clear breakout of the channel I'm expecting a nice strong move downwards. Price is currently retesting on the bigger timeframe ( 4H ) at the golden fibonnaci zone. Price is also under the EMAS which is more confluence that price may be headed downwards. I have entered off the rejection and will set trade to BE and take partial profits at 0.00 % Extension. Lets see how this one goes throughout the night with the London session opening up now. I will check back at the trade during the London/New York session overlap.
EURUSD Bullish outlook for next weekThe Daily structure shows formation of a Higher Low and previous 2 Daily candles were part of the bullish impulse. The 4H structure can be seen creating Equal Highs, signaling probability of structure shift from bearish to bullish, confluently with the Daily Bullish bias.
GBPNZD BEARISH CONTINUATIONif you were to look on the daily there is still a lot of bearish pressure, we also have this zone in the 4hr timeframe that would be a perfect opportunity to sell
Bitcoin Short Heavy Bearish divergence on RSI 4HGood entree right now for a short Take profits at 12,892 - 12,470
Stop Loss at 13,750
Leverage trading is not for beginners practice good risk management
Not finacial Advise just a idea
Bitcoin Will Melt Once Again!!Hello Traders. I know most people think Crypto is about to make a major rise right now, but I'm seeing a few Bearish sentiments that say other wise. Bitcoin recently lost some bullish momentum testing some MA's and a Daily Zone. After recent bearish engulfing, price failed to rise back above a few key levels including the median of the engulfment. I predict a bleed out towards the Daily Pivot Point. If close under that occurs, I predict more bearish movements to the downside near my -61% Fib Level. It is possible for Bitcoin to dip back under $10,750, but no guarantees on that yet.
What Are Your Thoughts On Bitcoin??
All Likes & Comments Are Appreciated!
NZDCAD - UPTREND - BUY NZDCAD will remain a bullish trend as the pair hunts down previous LowerHighs. Setting the circles for potential take profits and the blue box for a stop loss you can expect at most a 20pip opportunity.
Be patient and wait for a new HigherLow to form in order for a lower risk to reward ratio when placing your stoploss, otherwise you can still place your stop loss underneath the Green Line which indicates the HigherLow. If this is indeed a true trend the green line will not be broken however a fake break is always possible.
4 Reasons To Buy BitcoinI don't hear much people talk about the 350 MA on the 4H chart, but I find it to be quite significant and respected one.
The fact that a 4hr candle closed above it makes me extra bullish even though I have been bullish for quite sometime.
Based on my previous analysis on the 140 DMA (look at related links) I already bought a big stack at the 9900 dip a month ago, but I am buying more here.
You can see on the chart the kind of results it brings when bitcoin breaks to the upside the 350 MA.
January: 35% Pump
April: 45% Pump
July: 32% Pump
November: ???
25% Pump would get us to the 14k massive resistance zone and I do think this is a very likely scenario to play out by the end of 2020.
A Possible BEARISH SHARK Pattern in BITCOINHey all!
BTC/USDT pair has previously formed a bullish SHARK pattern on the 4-hour chart. We got an initial reaction. Then, the reversal seemed to fail, but it didn't and we saw a strong bounce upward.
NOW, Bitcoin seems forming a possible BEARISH SHARK pattern on the 4-hour chart. $10,800 - $11,000 zone is the POTENTIAL REVERSAL ZONE (PRZ). It should be watched very carefully.
If pattern forms, the first price target for Bitcoin is $10,500 level. This is a very critical support in general. If we break this level, there is a possibility of a vague BEARISH Head-and-Shoulders pattern formation to be watched. If it forms and there is a more downside to come. Honestly, it complements my other Bitcoin analysis in which I predict an initial price drop to $9,150 level.
But, be careful! The bearish shark pattern hasn't formed yet.
Appreciate constructive feedback! Have a great weekend!
Bullish Gartley formed AUDJPYAll the 3 moves have been achieved and exhaustion is happening signaling a chance of a reversal
OTE traced using fibo retracement and target placed
USDCHF Swing LongAfter breaking above resistance on the daily chart, I expect the pair to test the area before upward continuation. On the 4hr chart, this area (i.e. previous daily resistance that should act as support when the market goes for a test) has several confluences that make it a meaningful area to place a pending order. Target has been taken from the 38.2% fib on the weekly chart.
4hr Falling Wedge on BTCUSD appears to be confirming. Watching for the descending yellow trendline to hold support if it even reaches that far. Many times these smaller time frame bearish patterns don't reach their full target during a bull market...but we must also be aware that there's still a chance it could dip down to fill the current CME futures gaps although I anticipate the one all the way down at 9.6k wont be attempted to be filled until we see considerable ore upside...but I must also be prepared should it try to fill during the current downtrend. For now probability favors the yellow descending trendline maintaining support.
Potential 4hr chart double bottom in play on BTCUSD price action is 1 4hr candle away from 4hr deathcross, but this could easily end up being a deathcross fakeout even if the cross occurs...there is double bottom potential here on the 4hr chart if it can flip this green horizontal neckline to solidified support...the breakout target for the double bottom is pretty close to the target from the 4hour falling wedge pattern from my previous idea as well which makes for good confluence...also we are currently inside a bull flag too on the 4hr which is making upn the right part of the double bottom and also has a similar target once again increasing the confluence and in turn the probability for a bullish breakout. Best to wait and see it confirm first before making a move as well as seeing how price action responds to the initial cross of this 4hr deathcross.
4hr H&S / Falling Wedge has extendedboth patterns had to be adjusted/extended slightly but both are still technically in play. However probability currently favors the bearish pattern (purple head and shoulders) as long as the 4hr 200ma (in blue) maintains resistance for price action the h&s pattern will win but if bulls can overcome and flip that 4hr 200ma back to solidified support the falling wedge still has a chance here to snatch victory from the jaws of defeat.
4hr H&S + Falling Wedge. Which one will trigger?Always a common sight seeing these two patterns attached at the hip. This time it's a pretty even toss up as to which pattern is going to trigger. We are currently teasing a breakdown with a candle currently below the neckline but volume has yet to confirm and we can see the 4hr rsi is nearing the oversold zone. It's a 50/50 chance on which one triggers so our next stop is either 10.6k or 12.3k
EURUSD - DAY TRADE VIEW.Refer the chart for detailed analysis ;
EURUSD - Weakness is there on the chart on 4HR candle.
Follow the levels as mentioned in the chart.
Here go for short sell reverse your trade with stop & reverse level.
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!
4hr falling wedge to watch on xrpusdShouldnt see a candle close under 27 cents but we could see a bottom wick as low as 24 cents before the eventual breakout. *not financial advice*
AUDNZD ShortAfter a deceleration and an imminent change of structure, I expect this pair to reverse its uptrend and head downward. If the current candle closes below the 4hr structure, a sell limit order would be placed and target would be set at a level with multiple time frame Fibonacci confluences
GBPJPY BreakdownPrice is going up to Target (144/145) through Trend creating Highs and lows. Price is currently at past highs where consolidation took place for a week. Currently testing that level as a Support and testing the Trend line. 4HR Fibonacci Retracement "Golden Zone" falls perfect with Support and Trend line. Price range also pulled back same distance as previous pullback couple weeks ago. Showing major confluence. Looking for price to make new highs by the end of the week. Fundamentally Friday will have a lot of EUR/GBP economical news during London session so its likely that news will push pair to new highs. Being that news is just in excuse to move the market the way it should.
GBPJPY 4H Bullish Flag GBPJPY is at major support level on monthly time frame. Has been consolidating but slowly working its way up. Bullish Flag pattern forming on 4H chart.
XAUUSD (GOLD)I'm Bullish For Gold My target of 1900.00
Consolidation Between 1795 and 1815
4hr Trendline Bounce
Never Go Against Trend
