H4
GBPUSD Looking for thar Retracement in H4GBPUSD on a Uptrend Retrace Since Brexit waves came in;
Daily candle above Ichimoku Cloud;
Above 1.2969 Support;
Ma, ADX and Di Cross for the upside;
Cheers,
Kingzman
USDJPY - US DOLLAR / JAPANESE YEN - H4 - TRENDFOLLOWINGHELLO COMMUNITY,
HERE IS MY IDEA... I NEED YOUR SUPPORT PLEASE LIKE, SHARE AND FOLLOW ME. THANK YOU FOR THE SUPPORT.
1. DOWNTREND CUT
2. LAST HIGH IN DOWNTREND
3. THE LAST DOWNTREND LINE
IS BROKEN
4. HIGHER HIGH
5. HIGHER LOW
6. MY ORDER
BEST REGARDS
USDJPY - on daily resistance line - trade set up!Daily charts showing price hovering at resistance zone as indicated in the chart.
Price is currently forming a nice uptrend formation with higher highs and higher lows on the daily chart.
H4 chart, that is also shared below, shows price has broken inside the zone earlier from below and trying to find support (earlier resistance hoping to become support)
We need to see if the price manages to find support or will breach the zone and once again fall downwards.
If price bounces off the zone upwards, then we can go long and if it breaches again and gets rejected from the resistance line, then we may go short for a quick reversal!
This is a very critical point. On H4 charts, price is forming a descending triangle too and close to its climax zone. Keep an eye as we are about to witness some very interesting moves very soon.
Watch out for this space for action
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Cheers
Plan for the next week on GBPCADPrice is now at the correction trend, so watching this instrument is a key point. The continuation of the bull trend offers very good trade opportunities, so keep watching it not to miss.
Using lower timeframes is beneficial for finding sooner signals.
But be careful not to rush until the momentum is built.
H4 USD JPY - intraday choppy - avoid till BUY opportunity knocksFX:USDJPY looks very choppy
Since daily charts have positive bias, I believe that long trades on 4 hours charts/ intraday will be trend following
However, as we can see, there is a bearish divergence that has been witnessed, price moving upwards and RSI moving down.
Divergence may remain for longer periods even post when they are witnessed. At this stage, I would avoid any intraday trades till their is clear signal and would look for buying (long) trades as the chart develops. Short trades will be against the larger trend on daily charts and may have less win probabilities and may either have lesser gains or higher whipsaws
Sharing below my daily chart analysis done on daily timeframes
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Cheers
GBPUSD H4 BAT PATTERNBat Pattern Possibly forming on GBPUSD H4.
The pattern is forming roughly at the .382 retracement of the low-high, retracing to a possible Support zone and there's also a previous trendline at the zone although said trendline was previously faked out.
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BABA on 4 hour chart, uptrend may continueBABA on 4 hours chart has got into an uptrend and unless it closes lower than 176, may continue to show strength on this time frame.
It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good then go higher
Look out for change of trend incase the previous lows are breached as that could be early indication
Look out for more on this as the pattern continues
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Cheers
VENTA USDCADTendencia bajista usdcad, retroceso fibonacci, doble techo en h1 y velas de indesicion en 1d, buscamos nivel 100% del retroceso asi esperando
que baje 240pips , tambien tenemos rompimiento de tendencia en h1 buscando la baja, paciencia y por esos profits
H4 chart on EURAUD short setup4 hour timeframe chart on FX:EURAUD
Currently forming a descending triangle and price nicely testing the support and resistance levels approaching the climax.
Price currently below the 50 period moving average, indicating possible resistance and downward pressure (likely short position on break of support)
ADX not relevant in this as works best with longish time frames
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Cheers
USDCHF H4Red Zone = Sell Area
Green Zone = Buy Area.
Blue Line = SNR
Possible pullback then continue drop.
Patient is the Key...
