EURUSD 4hr shooter breakoutDefinition: Shooter = 2 inside bars in a row , then use the latest one as the trade set-up
EURUSD was crazy this morning, every short seller for any kinds of set-ups probably suffered short squeeze.
For me, to long EURUSD is such a high level? Why not! All I need is a reasonable risk-reward set-up to get involved, even if it failed it's controllable loss.
Here I like this 4hr shooter for EURUSD so much, and it already broke to the upside. the current price is 1.1630
Even if I put my out to the 1st inside bar low at 1.1615-1.1617 it's still about 15 pips risk only.
It's great to trade 4hr chart with 20 pips risk in such an in-play name!
To me it's a worth trying set-up to long the beast, let's see how it goes!
4hrchart
GBPUSD short setupKey level for GBPUSD price, if it fails to break the trend line resistance, I'm looking to short with a combination of factors including high volume node, Fibonacci cluster zone, short term supply zone, and on the daily chart a reversal candlestick for Monday 6/26, and retest of 21 ema.
EURUSD 4HR Support and Resistance / Intra-day tradingThe various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably would bounce in between the trend lines shown on the chart. Unless the fundamental data of Euro abruptly changes since M Draghi is going to have a speech today. Still most probable move is downwards. Hence, for intra day trading , today is a fine day to short the pair
USDJPY Bullish Bat 4hr Chart Buy at Point D @ 113.305
Stop Loss @ 112.358
Target 1 Fib (0.382%) @ 115.339
Target 2 Fib (0.618%) @ 116.595
Trade management move stop loss to break even when target 1 is hit or split your trade in 2 lots and take out 1 lot at target 1 and let the other one role.
Pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on chart.
Do not use pending orders.