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CHFJPY ARE WE TRAPPED Observation ; from what we see the price is biased on sells on the 4 HR time frame . this is clear as we are biased on our sells Observation 2 ; we clearly can see the price action is reacting on the dynamic resistance zone . this is also a good sign that we are still biased on our sells as we see large amounts of wick around that zone . consequently as a trading rule always look on the left as we use that data to help us solidify our point of trade entries . 3rd observation we do notice that it was a previous resistance zone .On the bottom side we do notice the presence of triple bottom along our support zone . currently it is clear that our price action is trapped . What next ? Our best move is to wait the price to show signs of breaking out of this particular zone so that we have a concise biasness on the direction . but here is the catch we will keep the 4HRS timeframe to watch the close of the candles with an aim of catching one that closes out of this zone . the we can go to the lower time frames for a clear entry .
by DIGITALASSETSINC
AUDUSD Short to possible longAfter seeing a glance at my explanation of the Ichimoku Strategy and using AUDUSD in there, I noticed a perfect short setup and a possible reversal. I will allow the drawn up picture do most of the talking Right now we can see a reversal on the four hour chart and the currency pair is climbing back up to satisfy the Fib chart Retracement. This also coincides with the parallel lines drawn on the chart. As shown its been reversing up, tapping the top line then turning down to the bottom line. If it decides to reverse upon entering the circle, we should see a nice drop down to 0.72000 this number being the max and a possible two day hold. However on a day chart, a possible reversal could occur as its showing a up trend pattern. While the week chart shows a chance of it heading into a down trend as well and a month chart showing a nice sign of a down turn and going into a short.
by UmbraAscensor
Beautiful Channel!Money Makers! GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GE
by rnaofs
1
Lets play the waiting game.Price has tested the upper boundary of the descending channel but has respected it for the most part. Price is showing some strength to the downside as well. We will have to see how the price treats support and whether it can hold or not. I personally think that price might consolidate at support for a little and then continue down to the TP I have listed. I'll make a decision about a trade once price has shown me where it wants to go. Here are my numbers for the trade. Entry - 0.73200 Bullish Stop Loss - 0.72721 Bullish Take Profit - 0.74000 Bearish Stop Loss - 0.73764 Bearish Take Profit - 0.72046 Risk - 1% R/R - 2 As always, Stay safe and stick with your plan.
by Emerald_City
1
Ethereum Notably BullishEthereum is notably way more bullish when compared to Bitcoin. This same yellow trendline from the bottom of March 12 2020 crash on Bitcoin is broken to the downside however on Ethereum it is not. This seems to play into the fact that throughout 2018 all the altcoins pumped to extreme levels while Bitcoin died. If Ethereum breaks to the upside of its ATH and Bitcoin doesnt mess things up, I could see Ethereum Reaching $7200. However, if Ethereum breaks the yellow line we could see a 95% drop to $250 levels for the bear market bottom.
BITSTAMP:ETHUSDLong
by ShadowBahamut02
2