GBPUSD Long Position (4Hr Timeframe)-Long bias due to ascending channel
-MA crossover in daily
- fib retest on 38.20% suggesting long
- wait for long breakout before taking the position
4hr
BEAUTIFUL Cypher EURAUD 4H setting up!Be on the watch for a cypher completion on the EURAUD 4HR-most likely to complete in the week following for obvious reasons. Given that we hold the low, we should see a spectacular opportunity to capitalize on this 78.6 strike. Cheers!
Rising Wedge 4 HRRising Wedge on the GBP/NZD 4 HR. Will be waiting and watching for a breakout to further determine if I will go in on this
USDCHF Long Position (1Hr Timeframe)- Potential Long position as trend breaks out of bearish trend
-This is further confirmed by cross over in MACD
-be wary of retest of support, so may be worth waiting for MA crossover before taking position
- Positive forecasts for US economic data scheduled tomorrow (19th July) however be wary if forecast is inaccurate
USD/CHF support and resistance pattern occured.Prices have entered this bearish pattern form emerge. Hopefully it should the go down around the 0.94 area and spike back up to Take Profit.
Pretty simple setups, if you want, you can go sell short and wait for it to spike up and buy or go through the traditional route which is to wait and buy at supposed spike.
ETHUSD Short Let me start by saying that this is not something I trade.
Price is currently trending lower. I have some areas marked as a potential entry point and then the levels I would look
to take profits. IF price closes below 75.12 look out the turd could appear really fast.
IF one wanted to get long I would wait for conservative entry such as a 2618 trade set up.
the best of luck
trade at your own risk
you could lose everything
EURUSD 4H BULLISH CYPHERHey all! John (J1TFX) here. I'm a newbie trader that's getting into harmonics, so my apologies if the parameters are drawn incorrectly!
I'm currently tracking a bullish cypher pattern on the EURUSD on the 4H chart. All of the measures have hit and we are now awaiting the 78% retracement of leg XA for an entry long. There is a large supply zone looming just underneath our PRZ, so expect a bit of a drag down there to hit the level before proceeding. As always, my target will be set at a 38% retracement from leg A-D, with a secondary target @ 61.8 of the same leg.
If there are any suggestions that you may have, please don't hesitate to let me know! any type of constructive criticism is appreciated.
Cheers! And happy trading!
-John, J1TFX
GBPUSD Hanging Man, Looking For ShortA hammer candle just formed on the 4Hr chart. Looking to go short with SL above previous swing high and TP around 61.8% retracement.
ETH Elliott Wave Theory? The beginning of cycle 2If this is true, then we've only just seen the beginning of the bull run.
The corrective wave should be over, and cycle 2 has just begun.
What do you guys think?
GBPJPY Bearish Engulfing Short SetupIn the 4H chart price has formed a bearish engulfing candle indicating the price might have been exhausted of the up move and is now being taken over by the bears. I entered a short at current price targeting at least the 0.618% retracement as TP. SL above 147.895
Safe trading guys!
USDJPY short setup.Sell below the pivot break. I would sell it when it breaks below the moving averages. The green MA is the 240 WMA.
USDJPY Short 4HR ChartLooking for an opportunity to get short this pair on the four hour chart. If the US comes out with bearing numbers tomorrow it will be a good opportunity to get into this position. Other places to look for USD long exposure is the USDCAD For a longer term set up. If you have a bias against the dollar look to the EURUSD for a long position off support.
-->> traderkevin101@gmail.com
NZDCAD Long 4 Hourlooking to buy off support once the symmetrical triangle is broken on the 4 hour chart.
Comments, Questions, or collaboration? ---->>>> traderkevin101@gmail.com
EUR/GBP Long 4 hr ChartLooking for a long once I have confirmation in off support. Looking to hold between 2 and 4 days when profit limit is reached.
Questions or comments? ----->>>>> traderkevin101@gmail.com
gartley long usdjpy 4hrnice gartley set up.... price has pushed down to the D point and made a nice divergence move. Looking like a nice long opportunity if you look on 1 hr wedge is more clear you can see the divergence on rsi as price was moving down rsi was going up .... it broke the 1 hr structure and I am awaiting for it to return back to my horizontal line for a buy.... when it hits that line I would like to see a doji or some type of pattern....
disclaimer: all my setups are for my personal trading purposes you should only use my charts as confluence to your own ideals.....
If engulfing bullish @ close of 4 hour - BUYAn upward trend with a harmonic (black dotted line) move. IF AND ONLY IF an engulfing bullish candle 4hr chart close (in next 1.5 hours), buy and go long.
Stop Loss: 35 Pips
Take Profit: 60 Pips
Cypher Pattern - 4 hour - SHORT opportunity Cypher pattern coming up to an important supply/demand zone. Waiting for engulfing bearish candlestick close @ the top of the hour for entry.
Several good reasons to enter:
1) Coming up to previous strong supply/demand
2) An engulfing candle close at top of the hour at this zone shows sellers presence
3) Currently respecting downward trend line
4) Selling with the overall down trend
5) Cypher pattern
6) RSI oversold
Position 1: SL: 45 pips, Take Profit: 70 pips (@ .382 Fib)
Position 2: SL: 45 pips, Take Profit: 120 pip (@ .618 Fib)
Short after harmonic move completesOpportunity for a short if the harmonic move completes around 0.743 price. Look for price action or candlestick bearish confirmation.
Stop Loss: 60 Pips
Take Profit: 90 Pips
1.5 RR
USDJPY Short Position (4Hr Timeframe)Potential short position as trend breaks through weekly support and continues descending triangle trend. This position is further emphasized by the bearish engulfing candle and news report of Japans Machine order (YoY).
Silver Analysis - Elliott WaveTVC:SILVER
Still early so this is speculation but if price turns up at the $17.1 level, look for a short opportunity around $17.5, which would also setup the trend reversal trade with the following setups:
- Head and shoulders pattern
- Low volume node resistance
- Elliott wave corrective ABC pattern
Still a number of factors that need to happen before the short trade including price turning up to $17.5 and a reversal signal (reversal candlestick) in that zone, but with the clean Elliott Wave structure thus far, there could be a strong short setup.
EUR/USD Long Opportunity at Bullish TrendlineLong opportunity as price pulls back to a supporting bullish trendline. We need a candlestick (engulfing bullish candle)/ price-action (double bottom) confirmation before entering long on the 1 hour or 4 hour chart.
Two positions to maximize Risk-Reward:
Position 1 and 2 Buy: 1.11406
Position 1 Stop Loss: 45 Pips
Position 1 Profit: 62 Pips
Position 2 Stop Loss: 73 Pips
Position 2 Profit: 114 Pips
Reminder: Wait for candlestick to close on the 1 hour or 4 hour chart that shows bullish. I would not place a buy order until I see how the market reacts at the potential buy.
DISCLAIMER: I AM NOT A PROFESSIONAL TRADER. MY IDEA IS BASED ON MY OWN ANALYSIS OF THE CURRENCY PAIR AND A POSSIBLE OPPURTINITY TO TRADE. USING MY IDEA IS DONE SOLEY AT YOUR OWN RISK AND LIABILITY.
