Get started

H4

EURUSD H4, Double Top formation, Counter Trend TradeEURUSD has been pretty ranging, in fact, it is moving into a sideway consolidation on the Daily Chart. Spotted a Counter Trend opportunity that leads up to buying opportunity once the final take profit level is achieved. EURUSD will be in my radar till it broke the Daily Chart Consolidation EP: 1.2376 ISL: 1.2420 TP1: 1.2314 TP2: 1.2238 Follow me on twitter for ongoing discussion of this trade and many more. Disclaimer: Information or opinions provided herein should not be used for investment advice and do not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. When making a decision about your investments, you should seek the advice of a professional financial adviser.
Short
by RaynLim
Weekly prediction for AUDCAD My analysis are based mostly in H4. This week I'll be looking to take a sell on AUDCAD, let me explain why: Monthly: Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more. Weekly: The same as monthly, it's looking really bearish, respecting the triangle. Daily: For more bearish signal, in the daily chart we can see clearly the bullish trendline is broken. H4: Like the daily chart in the H4 the bullish trendline is broken is ranging in the 0.99000 monthly S/R line. I think is more probable for it to go down path B because of break + retest and rejection of the trendline + triangle on the monthly and weekly, but still, anything can happen and it could go up, we'll see.
by arocha.daniel3
Potential Bullish Bat forming on the EuroDollarLooking at the H4 chart (just a little cleaner than the hourly but still valid on both), we could be potentially tracing out an advanced bullish bat pattern at the moment. If price action makes its way down to our entry at the 88.6% Fib on the chart then the pattern would be complete and you could enter long looking for targets 1 & 2 at the green lines on the right. We also have a nice even handle number in that region (1.2200) and some fib extension confluence as well, but just wanted to keep it simple with an aggressive pattern entry idea here for the time being. Let's see what happens! **As always, this is just an idea, you take responsibility for anything you do off the back of this.
Long
by bmck1
Perfect Cypher on USDJPY H4, sell opportunity!Perfect Cypher detected on USDJPY on the H4 charts. This is a perfect opportunity to sell the pair. We are going to hold this trade for a few days after seeing a definitive reversal candlestick pattern inside of the zone (in grey); patterns such as Shooting Star, Evening Star, Dark Cloud Pattern, Bearish Engulfing pattern and go in for a sell. SL would be at previous resistance @ 107.675 TP 1 would be @ 106.579 TP 2 would be @ 105.955 TP 3 would be @ 105.395 I'm not rushing to take this trade as I know I could get a better price/better entry and could get more profit from the future movements if it works out. So I think it's better to wait for now.
Short
by NolanDuval