4hour
EURJPY short, 4h chart, decent risk/rewardEURJPY is trading close to a strong resistance, formed on weekly chart, as well as fibonacci 50% formed on daily chart. RSI is close to being overbought and the buying pressure is slowing down, showing that the pair could go down soon.
SL is above the mentioned resistance zone.
Entry: 127
SL: 127.6
TP: 125
Risk/Reward: 3.33
NZD/USD Potential long term breakout 4 hourPrice made a higher high on the 4 hour last week that stalled into Daily resistance (.6845-.6870.) I'm looking for price to put in a higher low without putting in a lower low. See the blue curved line. This would tell me we could have a potential breakout of Daily resistance. It could make a pennant formation. If price breaks below and closes below the current swing low (.6746), then price will probably test the last low around .6600. We'll see what this week brings us. Good luck trading out there.
USD/JPY Entering into range low's for a Bullish opportunity Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the 112.24-112.45 zone before dropping through it, this could be an area where former support becomes resistance. This zone could be used as initial profit target or pullback area. Good luck trading out there.
USD/CAD 4 hour Bullish DivergenceThere is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the Drop-Base-Rally zone with the .886 Fib confluence as a possible reversal zone. (1.3040-1.3060.) I wanna see a Hammer formation on the Daily, tweezer-bottoms on the 4 hour, or a double bottom form. This is definitely going to be a longer time frame trade. Also keep an eye on Oil this week, if it continues to squeeze there is still plenty of room to the down side. Good luck trading out there.
TPin bar rejection from 4hr support level which is also the .618 fib retracement level. Price action is below the kumo, impulsive moves followed by corrective moves show the Bears are in control, order flow seems to be smoothly rolling down in a non-volatile trend. The ichimoku kinko hiyo high lights how ichimoku wave theory makes the next impulsive leg down predictive. The N wave completion will likely break the lows of the B-C corrective leg.
USD/JPY, 4HR CHART, LONG IDEALooking for a breaktout to about 115.00
Waiting for a retracement and retest of support on the upward trend around 113.50
Taking a long entry and aiming for a target on the median line near 117.00
Good luck traders!
EUR/USD, 4HR CHART, THOUGHTSApproaching an important support zone around 1.0820
Look for either a breach or a rebound from this zone.
EUR/USD is trading in a range on the daily so I'd be looking for profits at the top or bottom depending on the reaction to this zone.
Just a rough idea for stop loses and target profits.
Good luck traders :)
EURCAD Bear Channel ShortI'll be looking for a retracement in the next 5-8 days, followed by bear confirmation on MACD and/or candle. If I see that I'll be shorting this with the trend.
USDNOK potential bearish cypher pattern Will be looking to enter a short position at 8.84658 if the cypher pattern holds up.
Stop loss is based on previous structure as indicated by the red line.
Take profit is based on Fibonacci levels.
Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade.
Fundamentals
Aren't any particularly exciting fundamentals to support this cypher pattern, although based on the current consolidation of crude oil (Norway's economy depends strongly on oil exports) as well as uncertainty in the US economy, an up and down move is definitely not unreasonable.
Ascending Channel on Gold @ H4The ascending channel pattern on H4 chart of XAU/USD shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, and an MT4 chart template can be found on www.commodityblog.com
EUR/USD, 4HR CHART, SHORT IDEARiding against resistance pressure.
Overbought territory.
Bearish trend line on daily.
Fib confluence.
Entry: 1.1120
SL: 1.1180
TP: 1.0000
AUD/USD, 4HR CHART, SHORT IDEATrend line support.
Overbought territory.
Looking for a pullback around 0.7080
Good luck!
Entry: 0.7170
SL: 0.72120
TP: 0.7070
NZD/USD 240 min Ascending Triangle BearishI'm looking for price to retest .6541. The overall trend has been really bearish and expecting that to continue. With that said, I want to see price test the .6541 area and reject on a 240 candle. I am going to wait after the 240 close on the test before getting short. I would have my stop just above the structure area around .6575 just in case of a fake out. I'm looking to take targets around .6370 for the 240 min and .6260 on the Daily. Good luck trading out there.
Double Bottom on AUD/USD @ H4The double bottom pattern on H4 chart of AUDUSD offers an opportunity for a bullish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).
More information, chart template, and free expert advisor to automatically trade this pattern - on www.earnforex.com
AUDUSD 4 HOURS CHART ANALYSIS - TECHNICAL SIGNALAUDUSD 4 HOURS CHART ANALYSIS - TECHNICAL SIGNAL
Recommendation:
Short below 0.7022 target 0.6957.
Alternative, long above 0.7022 target 0.7096.
www.cambodiaforex.com
Long on EUR/GBP BUY BUY BUY !!!Reasons for
- We are clearly up trending
- We are putting in higher highs and lower highs
- We are getting nice swing highs and structure
- Previous 4 hour candle was a bullish hammer (Bullish candle)
- We have nice long wicks to the downside which signals more buying power
- We are above key level of 0.75000
Daily
- We put in a huge Bullish engulfing last week Friday
- Today we are forming a bullish hammer of the Daily candle
- We are riding the trend which is bullish
- Remember the trend is you're friend
weekly
- We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see
- on the weekly we cleared major level off 0.75000
USDCAD 4h Bull CypherTrade is with trend.
Risk to Reward to 1st Target = 1:1.54
Risk to Reward to 2nd Target (61.8 Fib) = 1:2.6
Stop = 67 pips
CADJPY 4H CORRECTIVE STRUCTUREThe FX:CADJPY is in a 4 hour corrective structure. It looks like downtrend in these two weeks.
Now it is experiencing a short term uptrend.
Sell at 81.40, stop loss 81.70, take profit 79.50.
Short AUDCHFShort term trade opportunity. Likely to bounce off resistance here and snap reversal. Trade as posted gives better than 2.5:1 Risk/Reward
NZDUSD shortInside an ABCDE Elliot Wave Pattern.
Overall trend is down(daily time frame), so I'm only looking for a short.
We also have have some bearish divergence.
moving averages appear as though they will soon crossover in the bearish direction.
