4hr
GBPCHF 4 hour Sell Limit Block - December 3, 2019GBPCHF 4 hour retest
- This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move.
- There is heavy liquidity below for price to soak up and touch the uptrend line once more.
LONG - QKC - Trading OpportunityPrice holding above the 4h ma200 for the first time in months, expecting continuation after seeing volume coming in.
Entry: 0.00000054
TP 1: 0.00000064
TP 2: 0.00000074
SL: 0.00000050
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XBTUSD 15 minute Triangle pattern that could go big!!Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr)
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.
BTC TRIANGLE BREAK IS IMMINENTToday, and most likely in the next 4 to 6 hours, BTC will show its hand.
This triangle is not ideal. I usually prefer triangles that connect candle closes and not wicks, but this one gives us more clarity.
The wicks below the bottom of the triangle have been bought so far so I'm definitely waiting for confirmation as that will shift the odds to the bears. The opposite can be said for the top of the triangle, where a close above it will shift the odds to the bulls.
In case of a break below the triangle, I won't be looking for agressive short entries. Instead, I'll be zooming out to the daily timeframe as we are still looking for a daily higher low to form and the 200MA, 12 and 21 EMA are right below us.
EURGBP 4HR - Downward Trend Channel OANDA:EURGBP
Price closed below the daily 200EMA and 4HR 200EMA and is below the daily pivot point. Expecting price to continue in the downtrend Weekly S1 which is also the physiological level at 8800 and potentially on to S2 at 8740. Watch for a potential retrace back to Weekly Pivot and 55EMA if price fails to break lower than 8850.
Short at 8850 with TP1 at 8800 and TP2 at 8740.
The 1 day bullpennant has once again become the dominant patternWe can see now after a very weak "breakout" from the 4hr chart falling wedge that it is the 1 day chart bull pennant that is still very much the dominant chart pattern at the moment. The good news about that is the breakout target should be much much higher than the falling wedge's target would have been. The bad news is the pennant is a descending triangle which has a slight chance of being a reversal pattern. We can also see the 4hr 50 and 200mas are at risk of deathcrossing in the near future if we don't see a bullish breakout from the pennant in the next few days. This is a 1 day chart but I placed the trajectory of those 2 4hr MAs on here with a dotted orange and dotted blue line so you could still see it on the 1 day chart. My bias is still leaning bullish here but because of the potential impending deathcross I'm gonna leave this idea neutral. Hopefully the pennant will break up before wednesday and we won't have t worry about a deathcross on the 4hr.
BTC breaking up from falling wedge. Target: 10.6-10.8kA great sign as it appears BTC is finally breaking up from it's falling wedge. It appears the biggest of the potential falling wedges(the dotted purple one) may be the most valid...in which case the projected break out target is around 10.6-10.8k. This should allow us to break up from the 1 day charts green bull pennant too at the very last minute which should lead to additional upside...I anticipate this will take us up to the neckline of the inverse head and shoulder pattern we've been watching for some time now.
AUDNZD 4HR - Bearish Divergence OANDA:AUDNZD
Between 3rd Sept and 5th Sept, price failed to make to a higher high, while macd displace a lower high signalling bearish divergence. Expecting a move down to the 200EMA, Weekly S1, 75 fib at 1.057. Would look to re-evaluate price once it reaches this zone to see if price continue up or drop lower.
Short at 1.065 with a target of 1.057 and then re-evaluate direction.