4hrchart
Following the trend 2 - USDCAD - retest entryAfter the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline.
As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum.
Steps needed:
-Price needs to break past the support zone
-Price must make a corrective movement back to retest the broken support zone.
-We short the pair upon the confirmation of retest of 1.32536
As always we'll have multiple targets.
Our first target will be at 1.31961
Our final target will be at 1.31611
Happy Trading
-Juff
EURUSDPositive releases have turned EURUSD slightly bullish. Will remain neutral until we see some downward movement from the currency. For now, remain on the sideline for a good entry to short at 1.145/6.
BTCUSD 4H Wave Analysis 1/51/2 Has hit the .618 retracement of it's wave at ~3549.35 (could go to 3444)
The 1.618 extension on 1/2 hits 5378.37
Near key level 5333.33
This takes us past 5280.48 which is the .618 retracement of the move down to the low of 3128.89
I expect 3 to end near these levels.
4 could hit anywhere between 4233 and 5K
Some key levels are 4444, 4623, 4870.
5 could only extend to the .618 extension of wave 3 (not pictured) or perhaps go 1:1/just past wave 3. @ 6478-6610
QTUMBTC 4h time frame Technical analysesqtumbtc 2nd update for today looks like where are creating a new upward channel.. lets see how this plays out. feel free to follow me guys for daily updates on the crypto market basic ta
OIL 4HR shortYesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short.
Long term trend: bearish.
expected TP zone: 55
EURUSD 4H Little Drop Expected to the SupportIn 4H Chart EURUSD forms a downtrend price channel forms ,
breaks this channel on 1st Nov ,
But unable to break the resistsance.
So liitle drop expected to the support level.
EURUSD towards Fibonacci support,
USDJPY LONG1. Broke through resistance and now bounced off the new support twice.
2. Inside bar potential break upside
3. Upside wick and long bullish candle to show strong momentum to upside.
4. Good RR of 2.7ish
Fundamentals show hawkish tone by FED and recent good jobless data.
*Strongly based on support and resistance play
NZDCAD BUYI took some of the countertrend before it continued on the trend, which I saw happening on the MONTHLY a few weeks ago off a butterfly pattern. It would be fine to just treat it as an upward trending BUY on a 4HR interval that still has room for at least 30 pips considering the RSI.
ETH - will the trend hold ?Here's a little update :
So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ?
1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker.
2 - Are we going to see a small bounce back before dropping below trend ?
3 - 3rd legs is closing close a major connection ?
4 - Volume is still diminishing.
5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment.
I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday.
Have a great day,
vOid
GBPUSD Long, Gartley pattern 240min chartLooking to get long on the Cable this week, using this Gartley pattern as my entry reason. We also have some fib confluence with the 50% & 618% retracements of the last couple of moves up from higher timeframe.
WaltonchainHidden bullish divergence macd 4h + possibility of a cup & handle, short time buy opportunity! Beware of Bitcoin, trade carefully!
B.
GC (GBP/CHF) Inverted hammer building entry Vwap GC (GBP/CHF) is building Inverted hammer in 4hr Tf Vwap good for entry, Z distance from Vwap is highly overbougt
Day Range is +200 pips so be very careful and mindful. Sterling falls below 1.30 in 10 months.
Tomorrow Economic calendar event & news can affect pound heavily!!
Welcome Back Little Bull Currently Bitcoin is trying to attempt to make a pullback up to 6800 area. This is where everyone should have been bullish in the first place. But because millions of orders flooded the daily 50 area. We could heading thru the $6k area. Be careful bulls. I am still short from 7250. I would take a temporary buy according to the 4hr chart up to 6700-6800.
LTCUSD 4hr LongPredicting a long trading opportunity on the 4 hr chart. Play breakout. Resistance trend line for 4 hr and daily drawn. However, I expect a move to 85$
Long on ONT 4hr (Looks real good)Setting up very nicely. In the flag portion on the bull flag. A buy any where around .50 is good. Stop below the latest pivot low on the 4hr chart. Fib levels for targets. Can also buy the flag break out.
AUDNZD at a critical pointThe pair is at a critical point: at this level we could have another impulse up targeting previous high, this will give us an extremely good RR ratio trade.
ETHEREUMETHUSD is forming some bearish figure(a flag/pennant). Most of Moving Averages have the sell position.
