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4hours

DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 6.21 T2 = $ 6.36 and T3 = $ 6.54 Now let's move on to the stop loss in case of further market declines: SL1 = $ 6 SL2 = $ 5.99 SL3 = $ 5.91 and SL4 = $ 5.81 Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local downward trend.
by cryptodailyuk
USDJPY: Placing my bets with the BullsHave been waiting for this for days now. Finally I have the chance to put my bets with the Bulls. Its a 240 minutes / 4 Hours Analysis. The Chart of USDJPY has been following the 90 EMA as its Support/Resistance Area for many days now and then there is that 285 EMA which the Dollar-Yen has been respecting as its long-term support and resistance in 4 Hours Chart. The Chart also says that there is this support Zone from 106.750 to 107.250 which the Dollar-Yen has been testing quite a few times, this past 3-4 months. First 25th June o'19, then 18th July o'19, then 6th, 13th, 23rd and 29th August - these are the days when market respected the previously mentioned levels. And then there is this little prick on 6th September 2019 when the Dollar-Yen just bounced from this support-zone and climbed all the way to 108.477. On 24th September, 2019 , the price of USDJPY again came to this support level, making a low at 106.960 . The Candle of FX:USDJPY that is forming right now, i.e., the time at which I am writing my analysis, can potentially give a trigger of a long trade because the context, the 24th September low touching the 285 EMA and the above mentioned support levels with the current candle touching the 90 EMA and trying to make a higher low , is just that good. After the price makes a new high above the minor high that's been made at 25th September, my assumption is, it's going to make a new high above the high of 18th September. So, what I would suggest is taking trades with 3 lots with conservative stops at or just below 24th September low at 106.960 or 106.950 and targets at - 1. 18th September high at 108.450 or 108.5 2. The next Resistance levels at 109.000 3. The last lot will be left with trailing stops at appropriate levels There are 1500 pips to be made (if this pair follows the trade-plan and if the long position is taken at 107.500) with a minimum reward – risk ratio of 2. Note : The only warning that I would like to give is the Resistance Trend-line that can be drawn from the highs of 21st May o'19 to 31st July, 19 to 18th September, 2019 . This is the only Trend-line that may act a wall for this trade to be extremely profitable. This is the only Trend-line that I would keep at the back of my mind. For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Thank You!
Long
by Satx98
1
Silver and Gold in the Diamond Formation on 4hour chart1. It is an unusual formation to have. How to trade it? Well, it is always 50/50 situation. You basically trade in the direction of the breakout. 2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea. Keep in mind they might go in opposite directions though. Keep tracking it and step in the moment of breakout. That's my strategy on this one. The General trend for both of them is Bullish but it might break otherwise. When you open the position for the diamond you set stop-loss above the apex opposite to trade direction. Remember to drop a like if you find this idea interesting. Disclaimer Remember to always Do Your Own Research. I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
OANDA:XAGUSDLong
by estimyth