Weekly Predictions (Feb 11 - 15)- Price approaching strong support … Pair has only been able to cross once since June of 2017
4hrchart
Weekly Predictions (Feb 11 - 15)- Price retraced to 0.5 fib level, may continue on previous down trend
Weekly Predictions (Feb 11 - 15)- Price directly above EMA (25, close), following tentative downward trend line
Weekly Predictions (Feb 11 - 15)- Price retested EMA (25, close), respected support and appears to be going up
- Price not yet overbought
- Could possibly form a double top
Possible USD/CHF Long position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-3 Days
Actions on -
A – Activating Event
Currency Pair breaking through resistance line and heading to next strong resistance line
B – Beliefs
Market move towards the first Target 1 level @ 1.01
OANDA:USDCHF
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 1.01
Target 2 @
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long AUD/CHFSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 4 Hours
Actions on -
A – Activating Event
Currency Pair pushing off higher support line and breaking resistance line.
B – Beliefs
Market move towards the first Target 1 level @ 0.716
FX:AUDCHF
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 0.716
Target 2 @
Risk/Reward @ 1.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
ETH also revealing its falling wedge patternEth still has a lot more room than xrp to fall so its head and shoulders pattern is not as obvious of a fakeout...eth im still up in the air with but here is the target if it were to break up from the falling wedge.
Bullish Falling Wedge setup on 4hr XRPUSD chart: may still take a few days to break but is unquestionably a bullish falling wedge.
GBPUSD Looking for possible break to downsideGBPUSD Opened higher, but this caused the pound to retreat from a strong zone of resistance, previously tested at 1.300 zone.
Overall bias of a bearish trend on the higher Timeframe suggests Bears could continue their push further to the downside towards 1.2850, 1.2800, until support zone of 1.2700
Following the trend 2 - USDCAD - retest entryAfter the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline.
As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum.
Steps needed:
-Price needs to break past the support zone
-Price must make a corrective movement back to retest the broken support zone.
-We short the pair upon the confirmation of retest of 1.32536
As always we'll have multiple targets.
Our first target will be at 1.31961
Our final target will be at 1.31611
Happy Trading
-Juff
EURUSDPositive releases have turned EURUSD slightly bullish. Will remain neutral until we see some downward movement from the currency. For now, remain on the sideline for a good entry to short at 1.145/6.
BTCUSD 4H Wave Analysis 1/51/2 Has hit the .618 retracement of it's wave at ~3549.35 (could go to 3444)
The 1.618 extension on 1/2 hits 5378.37
Near key level 5333.33
This takes us past 5280.48 which is the .618 retracement of the move down to the low of 3128.89
I expect 3 to end near these levels.
4 could hit anywhere between 4233 and 5K
Some key levels are 4444, 4623, 4870.
5 could only extend to the .618 extension of wave 3 (not pictured) or perhaps go 1:1/just past wave 3. @ 6478-6610
QTUMBTC 4h time frame Technical analysesqtumbtc 2nd update for today looks like where are creating a new upward channel.. lets see how this plays out. feel free to follow me guys for daily updates on the crypto market basic ta
OIL 4HR shortYesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short.
Long term trend: bearish.
expected TP zone: 55
EURUSD 4H Little Drop Expected to the SupportIn 4H Chart EURUSD forms a downtrend price channel forms ,
breaks this channel on 1st Nov ,
But unable to break the resistsance.
So liitle drop expected to the support level.
EURUSD towards Fibonacci support,
USDJPY LONG1. Broke through resistance and now bounced off the new support twice.
2. Inside bar potential break upside
3. Upside wick and long bullish candle to show strong momentum to upside.
4. Good RR of 2.7ish
Fundamentals show hawkish tone by FED and recent good jobless data.
*Strongly based on support and resistance play
NZDCAD BUYI took some of the countertrend before it continued on the trend, which I saw happening on the MONTHLY a few weeks ago off a butterfly pattern. It would be fine to just treat it as an upward trending BUY on a 4HR interval that still has room for at least 30 pips considering the RSI.
ETH - will the trend hold ?Here's a little update :
So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ?
1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker.
2 - Are we going to see a small bounce back before dropping below trend ?
3 - 3rd legs is closing close a major connection ?
4 - Volume is still diminishing.
5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment.
I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday.
Have a great day,
vOid
GBPUSD Long, Gartley pattern 240min chartLooking to get long on the Cable this week, using this Gartley pattern as my entry reason. We also have some fib confluence with the 50% & 618% retracements of the last couple of moves up from higher timeframe.
