4h
Buy Setup Of US30, 4HHello traders,
here is chart on USD30. The market has now completed the correction of the first wave.
Now that the correction is completed, the market is ready for a second bullish impulse.
GBP/JPY LONG MOMENTUM POSITION ON 4HThis is the position based on Edger trading system on daily time frame,
This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge.
This is only for educational purpose and no financial advice.
BUY STOP ENTRY : 160.985
STOP LOSS : 159.443
TAKE PROFIT 25% : 161.37
TAKE PROFIT 50% : 161.756
TAKE PROFIT 75% : 162.141
TAKE PROFIT 100% : 162.527
FOLLOW RULES:
1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION.
2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION.
3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION.
4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY.
ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
NZD/CAD SHORT MOMENTUM POSITION ON 4HThis is the position based on Edger trading system on daily time frame,
This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge.
This is only for educational purpose and no financial advice.
SELL STOP ENTRY : 0.86505
STOP LOSS : 0.87227
TAKE PROFIT 25% : 0.86325
TAKE PROFIT 50% : 0.86145
TAKE PROFIT 75% : 0.85964
TAKE PROFIT 100% : 0.85783
FOLLOW RULES:
1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION.
2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION.
3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION.
4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY.
ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
BTC 4HR Possible price movements/targetsPrice needs to hold the Breakout of the uptrend and gain the Excess price line.
BTC Overbought now so retracement to lower levels very possible.
If price breaks above, I am going to watch the Long POI as possible retracement target for BTC.
Before BTC will try to go to the 50K level.
No financial advice
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USDCHF:Support Break Could Open For A Drop Towards 0.92000 Area!USDCHF Climbed considerably high a few weeks ago breaking the long held range trading in the process on the back of the USD strength. However since then the price seems to have lost some momentum and now it looks to go lower. Based on technical perspective on the 4H timeframe, the support of 0.93000 must be broken on the daily chart! After this A Short swing trade could be executed with the target being the ascending trendline beneath at the region of 0.92000.
All the trade details are clearly visible on the main chart shall the above stated criteria be met. Remember to adjust your entry point to attain ideal 1:1 RR.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into other major currency pairs.
What's next for Gold (XAUUSD)?We would appreciate your opinion in the comment section.
What's next for Gold?
If you take a closer look at our previous week's gold prediction, you can see everything went as planned. Gold broke our determined resistance zone, went for a pullback and skyrocketed to the 2020's high. The question is, what now? Price got rejected from 2070, and looking at 4H, created a sort of perfect head & shoulders. That should give us a signal for bearish movement. Price action did go down to 1960 (again our support zone), but an immediate bounce from it signals that price actually can't be traded lower. Why is that? As stated in the last gold idea, the price is closely related to the war between Russia and Ukraine. The thing is, it's not only about the war anymore, but every country (including yours) is also experiencing high inflation. Take a look at the prices in your country. There are high possibilities they went up. Gold as the primary measure against inflation can't go any lower. Demand increased. We are expecting bullish movement again with a possible target of 2000+. Use faster timeframes for entries (as stated on the chart). Tight stop losses on entry!
NZSUSD ready for another dipTop chart shows heavy bearish pressure in the weekly timeframe and the trice broke an important support now resistance and is testing it . In the daily we can see a bearish flag forming, I don't think is going to break through the resistance levels son I opened a small position, if I see price breaking the support of the bearish flag in 4H I will add to my short position.
BTC 4H UpdateBTC 4h looking like we could print another trigger wave on cipher B and see some more short term upside, potentially even break the previous high which would be the ideal scenario, but I am still leaning more towards a bearish scenario where we come to retest the bullish daily OB.
Money flow is still in the green and we are sitting on on 4h support, we could hold either of these 2 levels and continue higher, but seeing as we currently have a lower high on the daily I think this is less likely to happen.
BITCOIN - 4H timeframeThe 4-hour timeframe also shows the Bitcoin price range between $38,200 and $39,600. Of course, the 20-day moving average (EMA) and the relative resistance index (RSI) to the middle indicate that buyers are more powerful than sellers.
In this time frame, if the price closes above the $39,600 range, we expect Bitcoin to grow up to $41,000, after which the price can rise to $42,000. In this area, bears with more sales can cause prices to fall.
If the price falls below the current level but does not fall below the $39,600 mark, it means that market sentiment has changed, and cows intend to buy more at a lower price. This can lead to further price increases.
But if the price falls below $38,200, there is a possibility of a sharp price drop again. In this case, the first support range of Bitcoin will be at the price of $36,450.
BTC 4H Liquidity Hunt from Market Makers...BTC 4h has given us a clear indication of a liquidity hunt, we invalidated the Daily Bullish Order Block and had a wick down to trap long traders into their positions.
I see 2 obvious scenarios playing out here.
1. We have a strong bounce to retest previous swing high.
2. We break market structure and go for a liquidity hunt and take out long stops and head down to the next support at 32k.