H4
XAUUSD TECHNICAL ANALYSIS ON H4 TIMEFRAMEhello dear traders.
as you can see the gold prices have already broken the channel and they are forming a head and shoulder pattern(wait for neckline break confirmation)
moreover,the prices are trying to complete the C wave of elliot.
wish u many pips
Gold H4 ConsolidationMorning star spotted on Gold as it failed to break the resistance at the top. May be back in consolidation phase.
Eurchf - H4 & Dailykey level on weekly chart has been touched and this piont become a reversal point
R/R : 1/6
GBPJPY - SellSetup: In correlation with the rest of the GBP pairs and the current political situation in the UK, the 130 resistance (area) has been tested for the past week failing to close above it.. prices are also closing in on the strong and steady D1 downtrend line boundary which can indicate more volatility and bearish entry opportunity soon.
We set up a short trade around the 130.3+ area with a tight SL above the high of the week / tail of the last rejection and aiming at the low levels of the past week for TP.
AUDCAD / H4 / Daily Forex Technical Analysis / 8.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. We are currently looking at the 4 hour time frame and looking to see if price action can reach its previous area of resistance at the .907 area. If price action reaches that region and doesn't gain bullish momentum we will be looking for entry short. Entry for a Short position near the .90740 area, with a Stop Loss near the .91095, and target profit level area of .89899 to possibly ensure a profitable trade with a 2.37 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURUSD / H4 / Daily Forex Technical Analysis / 8.15.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 15th , 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 4 hour time frame, price action just broke downward towards the previous area of support at the 1.111 area. If price action can hold this area we will be looking for an entry long with optimal conditions. Entry for a Long position near the 1.11144 area, with a Stop Loss near the 1.10921 region, with a target profit level area of 1.11657 to possibly ensure profitable trade conditions with a 2.3 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
NZDCHF / H4 / Daily Forex Technical Analysis / 8.14.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 14th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Frank. Looking at the 4 hour time frame price action is currently finding support near the .626 area. If we can find support at this region and break upwards we will look for the best entry long. Entry for a Long position near the .62648 area, with a Stop Loss near the area of .62092, and target profit level area of .63691 to possibly ensure a profitable trade with a 1.88 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EUR/CAD Head And Shoulders Possible Head and Shoulders pattern forming on EUR/CAD, had made a significant move to the upside but exhausted running into heavy resistance going back as far as April.Has now put in a lower high and double top into another area of previous support that was immediately rejected on both occasions, Potentially a third candle will fail here. If so we could see a break of support and a decent move to the downside. IMO. :)
AUDUSD / H4 / Daily Forex Technical Analysis / 8.7.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 7th, 2019 and we will be taking a look at the Australian Dollar against the United States Dollar. We are currently looking at the 4 hour time frame, price action fell below .672 support and resistance and area but it was quickly regained. If price action can hold the .672 area as support we will be looking for optimal conditions to go Long. Entry for a Long position near the .67253 area, with a Stop Loss near the .66907 region, and a target profit level area of .68291 to possibly ensure a profitable trade with a 3 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
