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H4

CADJPY - Sell Limit Pending Good morning friends! As you can see from the title, during the night my sell limit order was taken on this pair. In the picture you can see an H4 graph and a Daily one, respectively pro trend and counter trend. Confusing, isn't it? Now I'm going to explain the organization of my trade. As usual, I start from a Daily chart in order to have a complete analysis. There, I can see a correction (in an up trend) which I reckon we can't call it this way anymore because it's too long, and breaks an important support (as I said yesterday in the EURGBP analysis, check it out, it's really interesting); so I go checking the H4, to use my "powerful magnifying glass" (lol) to see what's going on. There, I see an uptrend, but attention, thanks to the power of multi-timeframe given to me, I know that could be a trap, because on the Daily chart we should have found a resistance, and, if price wanted to invert (I think it's just happening, maybe with a head and shoulders pattern formation), the bullish trend wouldn't have gone much further. So, I set a Sell Limit Order right on that resistance, which was taken during the night (12 AM in Italy). Initially that seemed weak, because prices seem like they wanted to break that resistance, but now, they're slowing turning back. As stop I used the left shoulder, because if prices break it, maybe there's some more power for un uptrend. As target I used the bottom on the Daily chart, I don't want to exaggerate, if needed I will re enter the market. Let me know what you think in the comments below :-)
Short
by MartinaAndreaProvenzano
EURGBP - Daily Long, H4 short. Panic?Good morning Guys :-) Today we analyzed the pair EURGBP, in a very precise way, in fact the pair gave us many ideas. In fact, we started from a daily graph, which is in a very strong uptrend, since it is straight and doesn't have many zig-zags. To the questione "Long or Short?", the answer was 100% "Long", both straight away, or wanting for a correction, but long anyway. Since the daily chart have a really straight trend, I said "let's go down on H4", and here an illumination! As you can see on the graph, H4 says, even though the daily TF is bearish, that maybe the strength is kinda vanish, since a support, which worked many times, didn't this one, so that price could go down. I immediate saw the Head and Shoulders formation (I don't really care about the neckline, I care the most about the inversion that this could show us). So I thought "Well, a bullish trend, but supports are broken this easily? I don't like it". In fact, H4 is inverting. If we go down on H1, we can see that it already did it (inversion, I mean). What about now? Now this bearish trend on H1 is asking permission to the H4 to go on. And H4, we are with you! In fact, if the highlighted zone (where you can see the entry point) keeps price down*, I take advantage to go short, first of all up to the neckline, and then, up to the next obstacle on the daily chart (next one will be October highs). If this obstacle will stop the bearish move, so the daily chart will say "no" to the bearish move, and we will close the position, if not, we will go down with the Daily chart, having taken advantage of a bearish move that wasn't even started on the daily chart. Cool, isn't it? *"How can I know if H4 keeps prices down?" you're asking yourself, aren't you? Well, I can see it through minor timeframe, such as H1 or 15 minutes, waiting for a double top. Let me know what you think about it buy commenting and liking this idea. Also, prices could normally continue the daily bullish move! Mine is just an idea, a project, to which I stay faithful up to a new breakout appears, not because I just believe in my ideas, but because it's really important to stay consistent and following our plans to succeed in trading!
Short
by MartinaAndreaProvenzano
Potential cypher pattern in EUR/USD H4 (10 Aug)If the market goes in the same pattern as before, there is a potentially cypher pattern in EUR/USD H4. I have place a sell order at around 1.1750x and take TP at the median line of fibonacci extention 1,27 and 1,414 with a support zone there (black line) which potentially be a C leg of the cypher pattern. However, we must be aware with the US PPI m/m & Unemployment Claims news today. Wish me luck & we'll see the result at the night or in tomorrow morning. Thank you and happy trading guys ;)
by fayfahry
<< EURUSD >> Clearly Up for 7.08.2017 - 11.08.2017 >>Hello Traders I am happy about every kind of feedback ;) EURUSD made new weekly lows with a strong bearish NFP-Move on Friday. He`s stuck between 61.8% and 50.0% Fib of previous two-week X-A Move after a little retrace to the upside. Still following and Respecting H4 Trend channel! Expecting him to break to the upside and follow the Longterm Trend making new Weekly and Monthly Highs. Our Stop is below previous week Lows and strong H4 Trend channel, breaking this will result in a Trendswitch and our Tradingstyle is Invalid. Thanks for your Feedback and Ideas improving my Tradingstyle. Alan
Long
by Dabrowski.A
GBPJPY Waiting for RetestWatchlist GBPJPY, H4: Yes i am here for Reason Trading Strategy Elliot Wave. Currently we can see (GBPJPY) is being corrected from bearish trend, and still possible to fall back because according to the analysis I see: the previous trend has formed (Wave 1) and (Wave 2) which makes the trend down. Here too I see prices have formed a new wave before rising or correction. And I have a trendline or (Wave 3) that makes this pair bounce up. My assumption is to wait for the retest and the formation of a new wave that is (Wave 4). If that happens then the price potentially will continue the real bearish trend. This is just my assumption and analysis. The retest confirmation will be the most important. REGARDS
by alitsasmara
USDCAD LONG OPPORTUNITY 4HR AND D ...MY OPINION(S)EMA Crossing on 4hr TF, but even so, I'm awaiting daily candle close confirmation near the 'Spring' area in order to move in and hopefully profit at the .50% fib. mark. Breakdown: 1. Touching Daily long-term trend Support Area & at Ascending Support; 2. Within Upward Channel 3. EMA crossing (4hr) 4. Appears to be a change in Polarity PS: If it goes past current Support (1.29615), I think it will try to head near Weekly Support of 1.25235 dated back to May 3rd, 2016 Thanks, Lakera
Long
by KeraTrader
H4 SELL AUDUSD TECHNICAL ANALYSISH4 Chart Technical Analysis: Short Candlestick analysis of a bullish real body followed by an inverted hammer/topping tail, to a bearish engulfing (of the bullish). Alongside this we have the MACD's anticipated crossing over and Overbought RSI at the time of the inverted hammer. My target is not necessarily to 'touch' the bullish trend line of support, but to retrace to the .618% fib. as a correction. All of this contained within a bearish ABCD pattern. Thanks Guys, Kera
by KeraTrader