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4hr

GBPAUD (LONG) STORY TIME (4hr)1. Imbalance (High Side Target) 2. Golden Pocket Area (High Side Target) 3. Confluence (1+2) 3. Imbalance (Low Side Target) 4. Golden Pocket Area (Low Side Target) 5. Equal Lows (Low Side Target) 6. Confluence (3+4+5) Targets Line up 7. Bullish Market Structure Price goes to wherever the most liquidity is, There is liquidity when you see equal lows / Highs. Liquidity is also found in imbalances in the market, They essentially act like magnets for price when two or more liquidity points line up its called confluence. When confluence aligns with the 71 - 78% discounted price levels you can expect a reaction, these reactions tell a story. Why would the price keep going up, well we Identified here that we are bullish on the pair so it gonna keep moving up naturally. While it goes up there it can create imbalances and pockets of money that are like magnets for price. So where is price going ? Well first it's gonna hit/fill a target before moving to the next one. One target that I found is a pretty solid one is around 1.892 - 1.895. There is where the 71 - 78% golden pocket entry, Which all that means is from the previous high to the most recent low price is at a 70% discount for sellers which is the prime area of major players. This aligns with Imbalance which makes confluence. Two Potential Scenarios Price continues up fills the upside targets and retreats back down to downside targets before making next high Price moves towards low-side targets and then pushes up to make next high I believe were going to see is a move up and then sweeps the lows, so thats what Im gonna publish
Long
by jonathancarlucci
1
NZDCAD - Uptrend to Downtrend?Hi, Little while since my last fx post! Here we see NZDCAD has followed an up trend from the 28th of Feb until the 20th March. We can see this as it has continually formed higher highs and higher lows through "Channel A" I have been trading on these areas, however when a new lower low formed, this signalled that the uptrend had run its course. The new lower high on the 23rd March was formed, it confirmed a downtrend was beginning. I placed a trend line across the latest higher and lower high to help create an idea of the channel it will follow. This is "Channel B" Alternatively it may still hit the level of resistance as the previous lower Low did. This could mean it would follow through to channel C with little movement through where A and B cross. The trade set up on the chart isn't a trade I have placed, it just gives an idea. Once confirmed, I will start trading on the movement! This is just my own idea, nothing is black and white. Let me know what you think Thanks
by HBSPG
USD/ZAR - Tentative Hello with the Feds rate decision in play we see that the Rand is getting stronger. Going down to 4hr Support level. One of two things could happen here 1. The rand could reach up again to close the future value Gaps noted on the 1hr timeframe. This will suggest that the dollar will recover. We will have to monitor the movement in this zone. 2. We could see a sharper movement downwards breaking through the 4hr support zone. This will give us good momentum for sell positions and we will move into the 18.0000 zone. At this current moment my bias is more centered around bullish momentum as noted on the 4hr TF we had strong bearish momentum. Remember price must correctly deliver both sides before we reach for any liquidity Stay Safe
by KingDee57
eurgbpok first of all this is a re-drawn chart from earlier today! instead of a phone (terrible) i used my PC! and look! so, here goes! my chart is self explained I personally go by my own Analysis and judgement on what I see! first of all the purple lines drawn are S/R on the daily chart! giving me a nice uptrend. second I then use my daily chart for the floor and ceiling. third I drop down to the 4HR to give me a deeper insight on what is happening within my daily chart! 4th I spot a trend happening heading short, which then I created a channel within inside! since the daily has rejected the third time on our trendline, perhaps now we can see it moving back down to the support area! thank you for reading and good luck everyone on the trading journey! please provide feedback so I can be a better trader! thank you!
Short
by RJLfamily
1
GBPAUD I Potential intraday long from supportWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
7
GU potential hedgeThe shown trade ideas are based off of 4HR Institutional candles areas where major banks should have past hedges before explosive changes in direction. These setups gain effectiveness when executed near the London or New York open, especially the London. There is a 4 pip activation spread on each setup and they are both targeting a 1:2 risk to reward ratio. The potential upside for both can be higher or lower depending market conditions at the time of the trade i.e. news or imbalance fills.
by JessicaAndKeith
2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
4