4hrchart
Triangle BreakoutPair AUDGBP - I keep my graph simple and easy to read.
4Hr chart tells us alot about whats happening. It looks as thou prices is consolidating in the area which the line is drawn. Triangle formation looking to unfold.
Will wait for breakout before placing any trades as yet.
Good luck.
GBPJPY Short on 4HR TimeframeWith GBPJPY looking like its getting rejected at the top of the zone, we are thinking that it could be a nice short on the 4HR timeframe. we have given 3 TP's which if one of them hit you can take partial profits and let the rest ride. One tip is starting an initial runner at 0.01 and see if you're going in the right direction. This tactic allows you to be able to be wrong and not at a huge cost.
ETH is rising flag pattern 💥💥Hi dear treaders, Following the previous analysis, as you can see, we reached the desired targets. And now we have reached the resistance of $ 650, which is a rising flag pattern. If the resistance breaks, the pattern is confirmed. MACD and RSI also show an uptrend. The nearest support is $ 640 and $ 616.71.
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KEY - Head and Shoulders Potential Move -ve 38% I own this stock, and I'd prefer not to sell, I have to accept that price can move on technicals if there is a catalyst. Could be some tax-loss harvesting, vaccine troubles, insert reason here. RSI showing bearish divergence. Would prefer that the neckline is tested in the next month or so, at 20, which presents a good buy price to add, of course with the yield climbing as the stock goes down and if it goes down, anywhere between 18-22 is a sweet spot for my account as long as price does not collapse and the fundamentals remain decent. If the neckline fails to protect this stock can go all the way down to 15 and change which would represent a measured move to complete the head and shoulders pattern, and something bad happening (excuse). Also earnings report in February can potentially cause some volatility here.
I will have to look at other midstream companies to determine if this is an outside case for the industry. If it is systemic, then I might be seeing something similar with other names, ENB and PPL. Oil and Gas have done quite well in the last month and a half, so if the trend continues this will only be a pattern that does not manifest most likely.
EUR/NZD: Bearish Symmetrical Triangle (active)UPDATE
Just a few days ago we had a textbook Descending Triangle Pattern.
If using partial Take Profits (TP1 at triangle height, TP2 is trailing stop loss with MA50), the 2nd position would still be running on this pair and adding another short would be questionable (depending on your trading plan, position size, currency exposure acceptance)
Currently we are active in a Bearish Symmentrical Triangle.
TP at triangle height.
SL above last swing high.
4hr chart rising wedge forming on xrpusdtwo potential rising wedges here....1 by wicks and 1 by candle bodies....of course being on the 4hr chart these could easily get nullified but worth paying attention to all the same...if they do confirm you're looking at a target around 38 cents which on the daily chart would still look like sideways consolidation.
EURNZD SHORTEN has been in a downward channele for quite some time. After the clear breakout of the channel I'm expecting a nice strong move downwards. Price is currently retesting on the bigger timeframe ( 4H ) at the golden fibonnaci zone. Price is also under the EMAS which is more confluence that price may be headed downwards. I have entered off the rejection and will set trade to BE and take partial profits at 0.00 % Extension. Lets see how this one goes throughout the night with the London session opening up now. I will check back at the trade during the London/New York session overlap.
EURUSD Bullish outlook for next weekThe Daily structure shows formation of a Higher Low and previous 2 Daily candles were part of the bullish impulse. The 4H structure can be seen creating Equal Highs, signaling probability of structure shift from bearish to bullish, confluently with the Daily Bullish bias.
Bitcoin Will Melt Once Again!!Hello Traders. I know most people think Crypto is about to make a major rise right now, but I'm seeing a few Bearish sentiments that say other wise. Bitcoin recently lost some bullish momentum testing some MA's and a Daily Zone. After recent bearish engulfing, price failed to rise back above a few key levels including the median of the engulfment. I predict a bleed out towards the Daily Pivot Point. If close under that occurs, I predict more bearish movements to the downside near my -61% Fib Level. It is possible for Bitcoin to dip back under $10,750, but no guarantees on that yet.
What Are Your Thoughts On Bitcoin??
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NZDCAD - UPTREND - BUY NZDCAD will remain a bullish trend as the pair hunts down previous LowerHighs. Setting the circles for potential take profits and the blue box for a stop loss you can expect at most a 20pip opportunity.
Be patient and wait for a new HigherLow to form in order for a lower risk to reward ratio when placing your stoploss, otherwise you can still place your stop loss underneath the Green Line which indicates the HigherLow. If this is indeed a true trend the green line will not be broken however a fake break is always possible.