Long term bias still Short. Ascending continuation still not complete. Looking to see if we get to Previous high creating Double top Increasing our Short Probability.
Good day everyone Hope everyone is having a good one in the markets this week. ^ Here's a look a the DOLLAR / TURKISH LIRA * The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation. * Currently traded in a bull flag which saw a break above and a pull back to retest structure also...
Hello everyone Hope everyone is good, Here's a look at the AUD/USD pair from the 4H chart looking for a swing hold on the pair the pair is currently in an uptrend looking for a continuation with the trend but before we continue with the trend looking to see a correction of the previous impulse move in the form of a bull flag or a retest of the 50% Fibonacci as...
I spotted a bullish pennant with bullish divergence. BTC just closed above the daily 21 EMA, so it should be moving up in confluence with some of these blue-chip alts. Hopefully legacy finance doesn't mess with what's showing on the charts.
Best H4 Forex Strategy The H4 trading strategy revolves around a very common chart pattern known to the technicians as the Doji candlestick. Our forex H4 trading system combines some high probability setups that we’ve found work best on the 4-hour time frame. A detailed guide to the Doji Candlestick pattern can be found on the internet. As far as the probabilities...
elliot wave on btcusdt suggest continuation of pump at target lines
Hello everyone Here's a look at the DOW JONES INDEX , hope you are having a good one. Now the index rallied with the bulls and we saw a bit of correction as expected with an impulse move, the index ranged within an ascending triangle structure respecting the structure completing the 123 formation which could possibly mean that we may see some volatility return...
Here we have a great example of a PENNANT PATTERN. It's an impulse - correction - continuation pattern. Wait for the breakout for the continuation and then enter the market. IT CAN TAKE PLENTY OF FORMS ! ! !
This is a NAKED & SWING analysis based on patterns ! ! ! Here we have a beautiful ABC correction pattern. Now we are waiting for the continuation of the major trend. ENTRY : 1.3000 STOP LOSS: 1.3040 (40 pips) TP1: 1.2960 ( 1:1 40 pips) TP2: 1.2920 ( 1:2 80 pips) And then extend the take profit targets and let it move until the last target. LAST TARGET : 1.2700...
Head and Shoulders or Double Top Potential of these two Bearish patterns coming up. Confirmation on the Fibonacci will be supported by price breaking through 1.17000/1.16900 Selling only if price breaks solid below 1.16900, exit at 1.16449 Bearish Bias is wrong if price breaks solid (not wick) above 1.17550/1.17600 Bullish Rectangle / Bullish Pennant ...
Correction was finished, gold prepares to going up one more time. Wait the breakout and pullback, then buy. Target: Last higher high. Keep it simple. Good trade!!!
Good Day Everyone A look at the DOLLAR / POUND on most fronts the market is closing on the dollar recovery this Friday but the pair is still net long on higher time-frames so still looking for longs in the coming week until the charts say otherwise but coming down to the 4H chart the pair is trading in a pennant formation which could be signalling continuation...
Good Day Everyone The Nasdaq 100 reached new heights yet again last week as stocks like Tesla , Apple and Amazon continued to build on recent gains. As a key member of the S&P 500 , Nasdaq 100 and Dow Jones, Apple is afforded considerable influence in the performance of the three major US indices and it has been soaring as of late – bolstering the otherwise...
Good Day Everyone Here's an idea on the EURCAD pair looking at it from the 4H chart, the pair is currently trading in a pennant formation which might be signalling continuation to the base of the ascending channel but looking at the fundamental of both currencies looking for the EUR to gain some traction against the CAD but it could go either way so the signal...