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H4

BTCUSD - Rebound ? Breakdown ? Rebound ? Repeat.Hey guys ! Hard to predict the next medium term trend on BTCUSD but looking at the chart we can see that the price tries to react on 8400 level which is the support line of an uptrend H4 within a daily downtrend. Ok. In H4 we notice an ascending channel which may predict a rebound until 10000. An invalidation of the strategy would be a fall of the price below 8250. In this scenario the downtrendtrend could continue until 7400 then 6500. But looking at the probabilities, a rebound on 8500-8800 area is priviledged with a first target at 9400 which is the daily downtrend line resistance. Then a second target would be 10000 which is the resistance of the ascending channel H4.
COINBASE:BTCUSDLong
by Traderscope
Couple of potential long opportunities on the GBPJPY H4 chartThere could be a couple of potential entries if you were wanting to get long GBPJPY over the coming days. The first over on the left hand side is an advance fib pattern in the form of a bullish Bat pattern completing around the 149 even handle (just below it). It also looks like an equal measured move (AB=CD) is being traced out from the A point of the pattern down to the potential entry level. On the right hand side, we have a potential fib inversion trade, again looking for a bit of an upside move on form the beast. Price action will need to get down towards the 149.35 area if this trade were to be filled, following which I'd be looking to take traditional targets on this one as well. Lets see how the week continues and whether or not these will come into play or not. Food for thought for the moment.
Long
by bmck1
USDCAD ShortThis is a continuation of my previous USDCAD short call, which was stopped out. It appears the H&S resistance did not hold. However, if USDCAD falls to the 1.82 support level, it may confirm another piece to the Elliott puzzle. It would also explain why the 4th and 1st waves were previously overlapping in my miscount - which is highly unlikely to occur. I have recounted the waves, updated the TPs, and updated the stop. However, as nothing is confirmed yet, do not enter the trade. In the new counting, all Elliott rules and guidelines are sufficiently satisfied. Further, Waves 1 and 2 are perfectly aligned with fib levels. 1. Wave 2 has retraced 61.8% of Wave 1 2. Wave 2 overlaps with previous Wave 4 3. Wave 4 does not overlap with Wave 1 4. Wave 3 is the longest of the 3.
Short
by UnknownUnicorn769459