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4hour

DOLLAR TO JAPPY RANGING 100 pips+UJ 4 Hour Chart = $$$$$$$$$$$$ UJ ranged this week, a battle between Supply & Demand of both currencies, at a range of about 100 - 105 pips. New week and last weekly candle of the month for UJ this week and I'm pushing in the direction that we will get final confirmations on whether Seller or Buyers will take control of this pair, don't count out either.. It is going to be an amazing week of patience and pips. Good luck to all. ****************** Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
by draked11
AUD/USD Support & Resistance TradingMultiple support & resistance lines on the 4 Hour chart of AUD/USD. Currently not trying to breakout trade, just going for range. Entries are marked on the chart. Would recommend you to set your own stops and take profits as I'm currently just experimenting with them. I'm planning on releasing some other charts like this one, see what SL/TP would have given me the best return over those trades, and start posting charts with those levels. As you can see right now a few orders have a very large Risk:Reward Ratio, and I think this might work over the long run as a single winning trade would cover allot of losing trades. The only problem would be human emotions because you could not have a single winning trade for a long time and end up giving up the strategy.
by Batuhan_Usluel
GBPJPY Short 4h chartWe might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair also retraces an average of 162.44 pips up before descending again. We're currently at 143 pips retracement. Open position: Opened at: 138.34 Stoploss at: 140 Take profit at: 130 Risk/Reward: 5.02 Orders: Order 1 Execute at: 138.8 Stoploss at: 140 Take profit at: 130 Risk/Reward: 7.5 Order 2 Execute at: 139.3 Stoploss at: 140 Take profit at: 130 Risk/Reward: 13.29
Short
by AndreM.Moldegard-Eriksen
EUR/USD potential move to the downside.There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it is best to wait for confirmation on the lower time frames (1hr/15m) before selling. This approach will also improve R:R. There is around a 4:1 R:R on this and around 150+ pips to be had if we can catch it. Use good money management and best of luck!
Short
by Maxun
Butterfly Pattern - BullishAUD/NZD butterfly pattern, XA retracement closer to 78.6 and C point at 78.6 of AB legs. PRZ at 1.272 of XA and 1.618 of BC extention. var tradingview_embed_options = {}; tradingview_embed_options.width = '640'; tradingview_embed_options.height = '400'; tradingview_embed_options.chart = 'rhfWisnp'; new TradingView.chart(tradingview_embed_options); Potential BAT pattern by rangika.ailapperuma1 on TradingView.com BAT pattern also confirms the PRZ.
Long
by rangika_ailapperuma
AUDJPY Short at Major Resistance & Broken TLInteresting setup here, and it supports several other setups that I've just published as well. On this chart, is an approximate support trendline drawn from last week. Now, when this week opened, AJ gapped down, but was able to fill the gap before the 4h candle closed. With the following observations: 1. The gap filled, so no need to worry about that anymore, 2. Price is below the trendline, closing on the 4h candle as I type this, 3. The upper shadow of the 4h candle is longer than the body, indicating bearish pressure. Now, If we assume AUD weakness against JPY based on this chart, and in my previous post; against USD, put together with my "buy" position on EURAUD since it has reached a well-tested support, I can safely conclude that AUD is weak for the foreseeable future. That leads to sell signals on many AUDxxx pairs, and buy signals on xxxAUD pairs.
Short
by MtxTrader