Get started

4hr

gbpusd bullish set upon the gbp/usd, I drew up some basic s/r lines which have been tested both ways e.g (support being tested for resistance and vice versa). The support line where price has touched seems to have respected that area so I am hopefully preparing for a set up. There are two outcomes to this, either price breaks support and retests the support zone below it OR price retests the current support zone and bounces off it. either way make sure to check on this set up and also I have seen a inside bar set up on the 4hr timeframe and will include this in my analysis.
Long
by chiefcapitalfx
eurusd short term bullish movementon the eur usd, long term movement is definitely bullish on the weekly and daily timeframe. Price seems to have made a large impulse move while being driven out from that huge resistance zone and has made a corrective move on the previous support zone which was also respected from previous data. Delving into the daily/4hr chart, price made an abcd pattern so I am waiting for breakout to retest that "SUPPORT ZONE" and go long from there on. Only going to take profit from the next minor resistance line because I believe that the market will become choppy with no indication of a clear momentum. However, if the opposite decides to happen than I will be looking to take profit to the huge resistance zone.
Long
by chiefcapitalfx
Possible USD/CAD short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.323 - .... and fall to the @1.313 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.313 OANDA:USDCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.313 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1
Possible EUR/CAD Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12hrs Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.505 FX:EURCAD Trade Management Entered @ Sign up for our mentoring program Stop Loss @ Sign up for our mentoring program Target 1 @ 1.505 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Long
by SMPTrader
XRPUSD finds support on IH&S Neckline as 4hr goldencross begins.I'm leaning bullish here even though the 1 day candle closed just under the inverted head and shoulder patterns neckline we are now seeing a decent rebound back above the neckline on the current 4hr chart candle with 20 minutes left to go before the next 4hour candle and we can also see the 4hr golden cross is just now starting to set in. Boh bullish signals....however I'm leaving this idea neutral however because we haven't yet gotten a 1 day chart higher high on btcusd which we will need soon to continue the bullish momentum and hand control of the market over to the bulls. Even though the 4hr golden cross has just now started to occur...in this crucial window for at least the next 3-5 4hour candles it is a zone where a golden cross can end up being a fakeout...to sustain solidify and confirm the golden cross we will definitely need to see the inverted head and shoulder neckline maintain strong support as well as trigger the pattern. until we have confirmation a fakeout is still a possibility. Overall I have a slight bullish bias for now but wanna be prepared for a potential inverted head and shoulder fakeout or even a golden cross fakeou possibility. t
BITFINEX:XRPUSD
by DrDovetail
1
ETH on the verge of bullish greatness (1day goldencross+ih&s?) The recent 4hour golden cross has been very good for the ETHBTC pair and we can see it's now led to a bullish surge at just the right time to give a 1 day ethbtc golden cross a real possibility of happening...should it complete the cross and continue this bullish surge we can expect price action will almost certainly go high enough to trigger the current inverted head and shoulder pattern ethbtc finds itself in. looking at the date ranges here to see what kind of candles each of the 2 moving averages will be factoring out of their trajectory in the next few days there is a slight possibility that there could end up being a 1 day golden cross fakeout but it will likely take a big red candle 180 from here for a golden cross fakeout to happen. So there are a few bearish symptoms like the candles that are about to be factored out of each moving average and the fact that the 1 day stoch rsi is way over extended...but overall probability favors the bulls here.
Long
by DrDovetail
Possible EUR/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @125.44 - 125.74 and fall to the @ 124.4 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 124.4 FX:EURJPY Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 124.4 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
as expected 4hr 50ma pushes out of wedge…1day/4hr 50ma showdown?The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as anticipated in the previous idea, it seems more and mroe likely that the 1 day 50ma and the 4hr 50ma are engaged in a showdown that will probably not be over until they are close enough together to squeeze the price action like a pair of chopsticks until it shoots one way or the other based on which timeframes 50ma is the most dominant. I don't know what they call it when a 50ma on one time frame crosses over another 50ma on a bigger timeframe...if it doesn't already have a name I'm gonna refer to it as octave hopping.
BITSTAMP:BTCUSD
by DrDovetail
BTC 4hr 50ma trying to lift price action out of fallingwedge It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back down into the wedge. For now I'm bullish until both moving averages get slightly closer to eachother once price action is finally getting squeezed between the 2 like a pair of chopsticks I will be more neutral, however, btc may have gained enough bull momentum from the breakout of the wedge to help the 4hr 50ma muster the strength to overcome that resistance and actually solidify it as support for once. I've been consistently saying this whole time that we need to solidify the 1 day 50ma as support in order to sustain any further bullish upside. That remains true...so in the short term until we get back up to the 1 day 50ma I'm bullish then when we get there I'm neutral until I see it flip to solidified support...if it can do that then I'm definitely long. Mainly for the immediate future I think the 4hr 50ma is powerful enough to at least reach the 1 day 50ma before potentially solidifying as any kind of resistance.
BITSTAMP:BTCUSDLong
by DrDovetail
Possible USD/CAD short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.333 - 1.3365 and fall to the @ 1.325. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.325 FX:USDCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.325 Target 2 @ 1.3200 Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible CAD/JPY Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance @83.93 level and fall to the @82.4 level. In order to enter, the pair needs to be rejected by the Bollinger Band line.... B – Beliefs Market move towards the first Target 1 level @ 82.4 FX:CADJPY Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 82.4 Target 2 @ 0. Risk/Reward @ 4.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Tier 1 Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
8