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4hr

GBPNZD 240min Structure TradeIf you zoom out onto the Daily chart you will see that 1.80 level had some importance in the past. Price has pulled off the Daily Resistance very fast and now looking for a decent rotation off the 1.80 level. Look for some sort of sign from the market before just aggressively buying up the 1.80. Maybe a double bottom, RSI divergence, bullish candlestick pattern, higher high higher close, advanced pattern, etc.. Just make sure you are following your trading rules! Best of Luck
Long
by PateSkpate
4
AUDUSD 240min Bear TCTI've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position. On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.
Short
by PateSkpate
3
USD.CAD Bearish Bat 4hr explainedOn the 4hr chart there is a bearish bat pattern I am looking to go short in at D leg completion. If you look back a bit you can see price has bounced off this zone several times which indicates price action may follow. Look for other signals such as an oversold RSI to get you a better entry. Stops above X leg, personally I use an ATR based stop but you can do a 1:1 risk reward or whatever fits your trading plan. Targets are at the 38.2 and 61.8 of c to d. Just to disclaim this is just advice and by no means should be taken as something that will guarantee you too make profit, always follow what is in your plan.
Short
by kingzark
Cypher, Bat (1hr) Butterfly (daily) pattern completionsHere we have 3 patterns all finishing relatively close together. There are patterns on the hourly which you can take for a more short term basis targets at 382 and 618. The patterns complete at a decent level of resistance if you look back on a higher time frame. I will be looking to take this short soon if my entry rules are met. We also have almost an oversold signal on the rsi on the daily time frame and bearish divergence on the 1hr and 4hr time frame. A potential nice setup for more active traders and long term swing traders. Trade safe bros.
by kingzark
GU SHORT SWINGHi I mainly use this to test my ideas Couple of reasons as why we are going short 1. Over bought on 30m - 4hr 2. At the time possible evening start forming on 4hr 3. Strong Resistance at current price 4. Needs a retracement 5. We are also seeing RSI divergence and other indicators are saying to sell I also believe that if we are lucky we may see the end of the short position, but first a 50% retracement is required then a possible 85% from there we will continue to head north completing the Inverted head and shoulders on the weekly Chart The inverted head and shoulders will also play vital in the USD as with a recession coming for US we will see a a rise in this pair
Short
by lachiebathgate
GBPJPY Short 4h chartWe might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair also retraces an average of 162.44 pips up before descending again. We're currently at 143 pips retracement. Open position: Opened at: 138.34 Stoploss at: 140 Take profit at: 130 Risk/Reward: 5.02 Orders: Order 1 Execute at: 138.8 Stoploss at: 140 Take profit at: 130 Risk/Reward: 7.5 Order 2 Execute at: 139.3 Stoploss at: 140 Take profit at: 130 Risk/Reward: 13.29
Short
by AndreM.Moldegard-Eriksen
Bullish Bat GBPUSD 4 Hour ChartWe have a possible Bullish bat pattern forming on the 4 hr chart for the GBPUSD. Price closed on Friday in an area of support where a lot of buyers are pushing the pair upwards Looking at the Daily chart for this pair one can see 2 indecision candles formed in the last 2 trading days. I will look at it in the morning to decide whether to go long at a breakout of the current support level and place my stops below it or to wait for the Bat Harmonic pattern to complete and enter a trade at the PRZ if there are signs of a reversal at that point.
Long
by lbrincat