4hourchart
DXY Update at Another Key LevelIf we cant finish the week below 94 I will be expecting and looking for a reversal and eventually a retest of resistance zones in the 96 region. If market conditions are favorable up around 96 I will look for bearish DXY plays. Looks like we are playing major price levels for the time being i.e. 94 95 and 96.
Currently waiting for 94.2ish for possible bullish DXY plays to start coming out.
GBPUSD 4H Bullish PennantGBPUSD is at major support level on monthly time frame. Has been consolidating slowly making its way up. On 4H currently there is a Bullish Pennant pattern forming for breakout.
GBPUSD ANALYSIS UPDATEFOREXCOM:GBPUSD
Hello guys, If you have any question, drop it below in the comment section. Remember to always react to the market.
GBPJPY ANALYSIS UPDATEFOREXCOM:GBPJPY
Hello Traders, drop a comment below to ask questions or make suggestions. Remember that market is reactive and not predictive.
BTCUSDT 4H | Bitcoin price overview: Flat after price dropHi, dear subscribers!
After a sudden price drop 3 days ago from levels $10,100-$10,200 to $9,280, buyers did not let sellers lower the price. Now the price is in correction movement at $9,700. We analyzed the rapid drop in the previous review:
We can talk about the formation of downward movement when the price is below $9,300. Apparently, we enter a wide flat in the range of $9,400-$9,800. In the coming days, as the price movement is forming, we will be able to conclude about its direction.
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BTCUSDT 4H | Bitcoin price overview: Bearish strikeHello, our dear subscribers!
Bitcoin price for the last 24 hours has risen from $9,500 to $10,380, which is a continuation of the growth from $8,700. In the previous reviews we marked the resistance zones on the chart: 1st - $9,800-$10,000, 2nd - $10,400-$10,600. The bulls broke through the 1st zone and bounced back from the 2nd one and stopped at the level of $10,100-$10,200.
The last hour was a surprise for the bulls, the bears struck a crushing blow, sending the price from $10,150 to $9,400 in 15 minutes. Stunning volatility!
The current price of Bitcoin is $9,550. We wait for the closing of the day to see if buyers will be able to win back the favor of the sellers and close the day with a non bearish reversal candle.
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EURUSD MISSED MISTAKE! Evening all,
So if you go back and look at the EURUSD trade we was looking at to sell! 1st mistake was not seeing the daily trend!
Thankfully we did not enter the EURUSD Sell trade as it went passed our trendline! but that's no excuse! This published chart here is what we should have been looking at! We missed out on 5%+ good RR!!!
We will try not make that mistake again we where trying for the divergence scalp as well!!
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NOTE!!
Any losing trades I will go back on and show you why I entered (if entered) or what we missed as a whole!!
Stay in touch hit the follow!!
BTCUSDT 4H | Bitcoin price overview: ConsolidationIn the past days since the last review, where we have been looking at the bitcoin market on the daily chart,
neither buyers nor sellers have decided on their plans. The price went down from the uptrend channel, which had been in place since March 18th, dropped to $8,620, but the bears could not continue the attack.
If we take a close look at the 4-hour chart, we will see that at these levels the price was already traded from April 29 to May 6 and from May 10 to May 13. Perhaps we will see consolidation of the price in this range - $8,600 - $9,100 in the following days before we see one of the directions, up or down.
Stay with us and subscribe to the channel! Have a good trade!
NZDCAD ANALYSISFOREXCOM:NZDCAD
HELLO TRADERS, REMEMBER TO REACT TO MARKET STRUCTURE THAN PREDICT.
VIEW THE CHART ABOVE FOR THE ANALYSIS.
EURUSD ANALYSISFOREXCOM:EURUSD
Hello Guys, leave a comment below to ask questions or suggestion. Kindly remember that we should react to the market conditions.
BitShares 4H Hidden Bullish Divergence and MACD Bullish CrossI see Hidden Bullish RSI Divergence in 4H chart of BTSUSD, in combination with a Bullish Crossover in MACD. These are 2 bullish signals for me. I expect growth towards resistance at 0.022.
EURJPY ANALYSIS NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see price has been in a bullish market.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
On the four hour chart if price can push through the resistance zone we can initiate a long position to the level of 118.559 zone.
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below. FOREXCOM:EURJPY
CAD/JPY PULLBACK BEFORE ROCKETING UP75.5 ZONE HELD
DESCENDING TRENDLINE BROKEN
MOVING AVERAGES CROSSED
WAITING FOR A RETEST OF THE BROKEN TRENDLINE ACCORING WITH FIB RETRACEMENT LEVELS
WATCHING CLOSELY FOR PRICE ACTION
#tradesafe #theforexdaddy
BTCUSDT 4H | Bitcoin price overview: Attack on $10,000In the last review we considered the potential of an uptrend formed on the 4-hour chart.
The support area was marked at $9,300. The price dropped to this level, after which the bulls continued to attack and Bitcoin touched the price $9,950.
The current price of Bitcoin is $9,680. Two previous bull attacks were covered by the area of $9,800-$10,000. But as the Bitcoin price is forming successively rising lows, we expect the attacks on the resistance zone will continue. If the bullrun will be successful, the next stop is the 10,300-10,500 zone.
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BTCUSDT 4H | Bitcoin price overview: UptrendOn the 4-hour chart, we see an uptrend that started yesterday with $9,000. At the moment there are no reversal signals, we touched the resistance zone from above - $9,800 - $10,100. The local resistance zone below is the price - $9,300. Our yesterday's review of the daily bitcoin market indicated the possibility of forming an upward trend, with a consolidation at 9.250, which happened.
The bulls quickly developed the offensive and increased the price to 9,950. Before continuing the bull attack, we can observe a decline to $9,300. The fixation below will signal the formation of a downtrend, with targets $9,000 - $8,600. Wide enough range of falling before halving, formed a wide area for price movement, it is a good sign for traders, as high volatility promises good profit.
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A potential change for EURUSD*All analysis for this was completed on the 4H time frame*
Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
How to really scalp (Trading Major Support bounces) (Part 1)You see how clean this is? we have a price zone, and one trend line, thats it, trade the bounces off support & Resistance, always mark up a major lower and major high, and you're good to go. Don't over complicate your trades.
BTCUSDT 4H | Bitcoin price overview: FlatToday's situation in the bitcoin market tells us that the bullish move has weakened and the price has entered the wide flat - $6,900 - $7,200 between the nearest support and resistance zones. Only after exiting it up or down we can talk about the continuation of the uptrend, or about the formation of downtrend.
In the above range, we do not recommend forming a long or short position. At the moment it is better to stay aside and wait for more defined signals.
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Awaiting USD/JPY Short Following a lot of bullish momentum on this pair since september, it now looks as if price is beginning to look exhausted. We had an impulse, correction and continuation of the bulls since september, but in the last few weeks price has slowed its ascent and this has formed a ascending channel on the 4 hour.
Within this channel we have had 2 touches to the upside, last week we had another bullish impulse, if we get a renewed impulse and third touch, I will be stalking a short from there. It is also possible that last weeks impulse could have been the third push and price just falls from here.
Bullish Gartley - EURGBP (4h chart)Potential GARTLEY spotted in EURGBP 4-hour chart
TP1: 0.8431 (86 pips)
TP2: 0.8494 (149 pips)
SL: 0.8242 (-64pips)
To open trade at D point (aggressive) : 0.8306
Expected price to touch D point by 4 Mar 2020, 6pm SGT).
Pattern deemed invalid after 13 Apr, 9pm SGT
Bullish Bat - EURNZD (4hour chart)Potential BAT spotted in EURNZD 4-hour chart.
Expected pattern completion latest 27 Feb,2pm
TP1: 1.6897 (175 pips on aggressive entry / 119 pips on optimal entry)
TP2: 1.7004 (282 pips on aggressive entry / 226 pips on optimal entry)
SL: 1.6600
To trigger trade at : 1.6722 (aggressive entry) or 1.6778 (optimal entry)
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