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Hourly

EURCAD Supply Zone within a supply zoneI have reason to believe that if price continues to rally from here, in what is a downtrend judging from the daily chart, it will be overbought in a Supply Zone (lightly brown shaded backdrop) of the weekly (W) chart, and if it retests the hourly (1h) supply zone (grey shaded backdrop zone) then it will drop. How far? I'm guessing substantial since the supply is coming from both the weekly and the hourly. It's possible to end up with a 1:4 risk/reward if the target is reached well before a possible demand zone on the hourly.
Short
by QSVentures
2
.PAYCHECK Index I was watching bloomberg today and an analyst mentioned the 'economy paycheck' as a measure of (payrolls * average hourly wages * average hours worked in a week) Here I have made the same index for observation. Interesting how it reversed clearly as the 08 crash happened and then bottomed clearly in 09; williams trader called for long in 2011 and also 2014. Pretty cool little index to watch; I just put some fib on there but it's basically useless imho as the QE cash flowing in has just allowed the paycheck index to barrel through any kind of levels this might suggest. Enjoy the index; tell me what you are seeing! GL HF xoxo -Snoop
A
by 420snoop
11
Potential Bullish Bat on the EURUSD (H1)With the way the market is currently moving on this pair, it looks like we have the potential for a bullish Bat pattern to form with a D completion/entry point right down close to the 1.1600 even level. This market has been in consolidation for a little while and we know that consolidation is great for these type of Fib ratio patterns. Should we push down to re-test that 1.1600 flat level, I will be looking to get involved if we hit the D completion point aiming for the standard traditional targets for this pattern. For now there is nothing to do but wait and see if the market moves closer to the levels needed for this pattern entry.
Long
by bmck1
3
Bitoin - BTC Review | 28 July 2018Hello everyone here's a quick look on BTC performance so far, in my opinion, btc has started a movement in a downward channel due to its correction. It's likely that it keeps moving within this channel towards 0.382 fib level. everything is indicated on the chart, so not much to say here. the alternate scenario will be we break the channel resistance to higher highs. my perspective: Short term, next 72h : bearish longer term, within 1-2 weeks: bullish. target range 8800-9200$ Stay cautious traders
BITFINEX:BTCUSDShort
by thats_me