XAU/USD [H4]Hello every body.Hope every thing is O.K.
As the price has broken the uptrend channel, It might have started a down trend ,so we should find suitable SHORT positions.
And according to Fibonacci levels and support & resistance area,TP1=1765 and TP2=1755 could be set.
If the price goes back in to the uptrend channel and closes the candle price in the channel,the analysis will fail and we can set the SL there.
Have a good time.
Amiran
H4chart
EURCAD Long Position Trade for 400 PipsEURCAD is providing a high time frame fib retracement confirmation for a Long 400+ Pip Position Trade. Entries are stated on chart as well as in the chat. Follow The Forex Gurus for more setups.
**Pending Order**
EURCAD Buy Stop
Entry - 1.48250
SL - 1.47000
TP1 - 1.49039
TP2 - 1.49596
TP3 - 1.50153
TP4 - 1.50842
TP5 - 1.51957
Based on H4 Time Frame
Long Term Trade
Pennant Pattern On The H4 Chart (2021 April 28 ; 20:00)Trading the Pennant (Symmetrical Triangle). Wait for a close above/below the diagonal level. In this case, wait for a close below diagonal support resistance level. After the close, diagonal support turned resistance. Next, watch for a pin bar to form at the Resistance Line, EMA 10, EMA 20 in a Pull Back.
Enter at closing price of the pin bar, break of the pin bar nose with a sell stop order, or 50% Fibonacci Retracement of the pin bar with a sell limit order.
Stop Loss is place 5-10 pips above the pin bar tail. Or stop loss is placed above the break out candle.
Take Profit is the first point of the trend line. In this case, the take profit level is 0.94906.
Pin Bar is date 28 April 2021 time 20:00.
USDSEK Lower Highs On The Daily Chart, Weekly Chart, H4 ChartLower Highs are pushing into trend line support. Wait for confirming price action signal like a pin bar for an entry. Lower Highs are present on the Daily, Weekly Chart, and H4 Chart.
EMA 10 EMA 20 are pointing downwards on the time frames mentioned.
Sell at M5, TP at H4 (SnD)In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
USDCHF going for a restest with the previous supportUSDCHF just broke the downtrend and retouched the resistance line ( as you can see the channel), from here there is a big possibility for a retest of the previous support for the continuation of the further downtrend. The dollar is getting weaker for next week so there is a big chance this situation might happen.
Bitcoin it's into this bullish channel!!!In this technical analysis, Bitcoin formed a bullish channel confirmed, so right now we are in the support trend line that form this bullish channel and we are into this bullish candlestick group in formation in H4 timeframe, this could be a possible bullish movement toward the $19,350 USD. And alert: not bearish, because if this was bearish, we would need to $16,500 USD looking with this perspective toward a target profit of $14,600 USD. So, that it's my secure and good entry to make any short position.
But now, we could to continue in this bullish channel found out boughts.
I believe that the best zone it's to bought $18,000 to $18,100 USD approximately to make a good bought!!!
So, at the moment, we would need to wait a bullish candlestick group and not entry for entry. So, we still be patience.
So, I will need to check out the Daly timeframe if we are into this elliot wav continuation to see any impulse or whatever.
So guys, but right now, be patience, and when the price arrive the $18,100 USD I will going to notify you to still alert and then, when I get a confirmation, we can to bought, but if another hand, if Bitcoin goes to break down the channel, not entry in short posiiton!!!! Not entry to short position until Bitcoin reach down the $16,500 USD to still alert of another scenario.
So, this it's my strategy!!!