EURUSD 4hJust a snapshot of my HTF markup to follow on from my morning outlook posted earlier, i mainly keep my focus on 15m during session but always aware of the bigger picture.
4h
LOONIE Likely to target 1.24500 region as a consolidation move!Price seem to be supported by S2 MONTHLY PIVOT. A potential break of trendline could lead the price to aim towards descending trendline located at the area near S1 MONTHLY PIVOT. For the criteria to meet, The 4H candle needs to close above the trendline and 4H 50 EMA. After this the RISK TO REWARD needs to be evaluated based on WEEKLY pivots.
This move is likely just a consolidation move as the LOONIE looks to retrace slightly to a concrete psychological resistance at 1.25000. Downtrend is still in play as the currency is supported by commodities prices.
This is just my analysis and its not a trade signal. shall the the criteria meet I shall post the trade instruction in a new post.
BTC - 4H Taking sells again here after a few failed attempts, this next week should be interesting.
Trade is from the Weekly chart for the overall bias.
Clean candles to the left as well and first few targets are shown.
EURGBP - 4H Short In Trend Bearish Engulfing SetupEURGBP has formed an in trend engulfing setup on the 4H time frame. The engulfing candle nearly engulfed 6 previous candles but didn't quite clear the previous candle high but the daily and weekly time frames supported this setup. Also, nearly all other EUR pairs are very bearish.
The daily candle closed below a previous strong bullish engulfing. The weekly time frame has been bearish for the past 6 weeks.
The 4am EUR retail sales high impact news event set up this trade.
The engulfing candle closed @8am (CST) on Wednesday.
Entry at 50% retracement level.
SL set above engulfing candle high. TP set at 3X risk.
EURUSD could target 1.16000 as a consolidation move! There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed depending on the RR. This might occur this week or next week. The initial target for this pair would be 1.16000 area (present of another descending trendline). However shall this target HIT, we can expect this pair to resume its downtrend towards the monthly psychological support of 1.15000.
Shall there be any updates regarding trade entry, i will post them in this thread.
USDCHF might aim higher shall the resistance break!A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the details in this thread
USDCHF Might Target Weekly R1 Pivot shall the trendline breakThere might be a possibility of the current descending trendline break on 4H charts, which if happens the price might move to the swing high at WEEKLY R1 pivot. Shall the trendline break, it is advisable to assess the RR and if feasible a LONG entry can be taken.
Shall the criteria meet, i will update the entry details in this thread
4H $BITCOIN $BTCAccording to the previous analysis, after crossing the $ 47,000 limit, it has moved towards the target and has now stabilized at $ 53,800.
First analysis btcusdt in Binance
Two targets for AUDUSD to HIT shall the trendline & EMA breakDepending on where the WEEKLY pivots present this week, shall the ascending trendline break on 4H charts there are two targets beneath that this pair might target as displayed on the main chart. However this setup depends on where the WEEKLY pivot appear this week. Once the criteria meet i shall update in the comment section
Gold VS Resistance after NFP, who is gonna win?Gold is attacking the resistance zone after NFP report and after already impulsing out of a wedge after hitting a double bottom.
dont jump in any direction yet
if we break the zone with confirmations more upside to the top of descending channel is probable,
if we fail to break another drop to 1723 is very likely
BTC/USDT Analysis We got all the possiblities in this cycles, this is a brief showing that can come next.
Im honestly waiting if that the Btc stabilize, if not we going to restest the last support. Lets say that he cool off for a bit before attempting his next target at 57k. I say 57k and not the 55k because its a little resistance in 55k and that with a good volume he will easily pass it.
Then if pass it the 57k, be ready to seeing the most Uptrend of UPtober !
Saturday and Sunday going to be surprisingly
BITCOIN / USD TETHER -->> 4H---SHORT 🔻hey guys.
I hope that you are doing fine.
in 4h time frame , I see a short downtrend coming but for a very short while, and in the daily chart , an uptrend is coming so we might even do a little bit of range and be supported by 46,963 and then continue to go up higher OR correct lower as I showed you by the arrow I draw and then have a stronger bullish run.
wish you all good profits.❤
GBPNZD - 4H Short In Trend Engulfing SetupGBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame.
ECB President Lagarde speech @7am helped form this setup.
SL set above engulfing candle body high. TP set at 2X risk.
EURJPY - 4H Long In Trend Engulfing Setup EURJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame.
This engulfing candle closed at 12pm noon (CST) on Friday.
SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
CADJPY - 4H Long In Trend Engulfing SetupCADJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame.
This engulfing candle closed at 12pm noon (CST) on Friday.
SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
A short position in the CHFJPY pairWe recommend taking a short position in the pair CHFJPY. as seen in the chart the pair entered a local resistance at the level 120 and also encountered the broken the weekly broken trend line which acted as a resistance and rejected the price several time, we believe that the price will go down and head firstly to the 4 hours support where we placed out 1st target and then will head to the daily support at 118 if this support was broken. Take this trade only if you agree with our analysis.
Silver xagusd long silver one more down before going up watch it carefully i would be the last move down size before going up
A TEST OF 1.17900 MIGHT BE ON THE CARDS FOR EURUSD NEXT WEEK!A possible swing trade might be developing next week on 4H EURUSD chart. a break of 4h EMA and trendline might target the above trendline that lies in the 1.17900 region. in that region other confluence factors lie as well: the D EMA and M pivot.
shall the criteria meet i shall update the entry requirement in the thread below
btcusd-long-buy-signals-4H-RR 4.5FX:BTCUSD
Entry Area: 43000
SL: 38800
TP1:53000 R/R: 2
TP2:55500 R/R: 2.5
TP3:60000 R/R: 3.5
TP4:62000 R/R: 4.5
In 23 Sep-9 Dec
GBPJPY Trend ContinuationDaily & 4H down trend. Price at major daily Support level (Head & Shoulder Neckline).
Price pulled back to 23.6% on 4H Fib. Starting to form 1H & 4H Bearish Pennant.
Expecting price to break Major zone and start Daily Head & Shoulder breakout.
btc 4 h expectation the end of motive wave in 4 H
at price of 54000 to 53800 and a correction to 0.618 Fib for the first target
BTC - 4HJust focusing on current price action, pretty confident in this bias.
Higher time frame analysis also aiding this bias.
