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4hrchart

GBPJPY BreakdownPrice is going up to Target (144/145) through Trend creating Highs and lows. Price is currently at past highs where consolidation took place for a week. Currently testing that level as a Support and testing the Trend line. 4HR Fibonacci Retracement "Golden Zone" falls perfect with Support and Trend line. Price range also pulled back same distance as previous pullback couple weeks ago. Showing major confluence. Looking for price to make new highs by the end of the week. Fundamentally Friday will have a lot of EUR/GBP economical news during London session so its likely that news will push pair to new highs. Being that news is just in excuse to move the market the way it should.
Long
by JasonFosterII
Gold potential downside to grab liquidity before pushing BullishTL;DR If XAU/USD bounces back down from 1730-1739 resistance area we can potentially see a large liquidity grab on the HTF. Ultimately pushing Gold into the 1800 and possibly further regions. We can see how XAU/USD has taken a Bullish course after SARS Covid-19 Pandemic across the globe. We can see how gold was stuck in a large range the past 7-8 years after falling from its peak at 1913 back in September, 2013. As price bounced back and forth and breaking because of global panic. As news of Corona Virus spreads and as countries re-open we could possibly see a slow start to global economies or another downturn. I expect Gold to bounce back down to the 1680 area as countries reopen and try to boost their economies through stimulus and possible relief bills being passed across the NA, Eur continent. After sometime we will see that there is enough liquidity in Gold to bounce back up beyond the the 1730-1739 resistance area and possibly 1763 in one fluid week long push.
FX:XAUUSD
by FxLies
1
Invers H&S in making on 4HHello traders, by the look on the 4h chart, it seems very likely, we are making inverse Head & Shoulders pattern, which is maybe one of the only patterns bitcoin really follows most of the times. If thats going to work out, we should make another shoulder down to around 8750/8900 area and when price go back up to 9150/9250 and brake the neck area, we should get to at least 9700/9800. Depending on how strong this move gets at that point, if bulls are strong enough, they may try to test the 10k area again. Lets see. Can it be, what bulls need now? Or bears will take over and take us lower? Let me know, what you think, in comments. Thank you. This is not a trading advice!
BITSTAMP:BTCUSDLong
by Pedrinho33
TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal! Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern. IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking at candlestick formations to enter off bullish engulfing candles on 4HR TF. Short term play is also possible if Darvis box is formed for internal trend trading. TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement. If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Long
by Irezumi
3
GBP/JPY SHORT (4H)Starting the analysis off from the 26th March after the big push up. There were more buyers overpowering the sellers at this time which meant our resistance line was broken and became our new support line (new support @ 132.529) and having a new resistance line at 134.705. It then formed a sideways channel bouncing off both our new support and resistance up until the 5th April. From the 5th April, an upwards channel was formed, buyers were still buying into the pair pushing it at a newer high of 135.750 Since the 9th April, the 4H chart is clearly showing that the momentum of the pair has now started to slow down forming yet another sideways channel, indicating and confirming to us that not much price movement is happening and that not many buyers or sellers are jumping into the market and are probably waiting on more confirmation to either sell or buy the currency pair. Momentum has now slowed right down and the sideways channel’s support (134.572) has been broke, which has now started a reversal movement. As you can see from the chart, on the 15th April sellers started to come in, pushing the price movement down and creating a new support line @ 133.696. From the 15th April to the 17th April, Friday evening the candlesticks have started to form a Symmetrical Triangle which could indicate a Bearish Movement. My entry to go Short on this pair will be after the new support line has been broken and a strong bearish movement is in place. My Stop Loss will be set at around 134.993 and I will have 3 TP zones. 1TP – 132.529 , 2TP – 131.489 & 3TP – 128.380. ** PLEASE NOTE ** - THIS IS MY OWN ANALYSIS ON THE GBP/JPY PAIR.
Short
by JTEZDOG
2
Must keep a close eye on this potential 4hr chart H&S patternif this H&S pattern triggers the breakdown target is 6k. Odds are if this pattern triggers we will also trigger the 1day chart rising wedge pattern that has a breakdown target of 4.3k or so. Hopefully this will only be a fakeout but these asymmetrical patterns love to trigger and catch everyone off guard by surprise so we must play close attention to it here and as always only act on obvious confirmation of a breakdown...it could easily send a couple wick s under the neckline without confirming so as always tread cautiously until absolute confirmation.
COINBASE:BTCUSD
by DrDovetail
O que será que as Bandas de Bollinger irão fazer a seguir?!No gráfico com velas de 4 horas, estou reparando uma indicação de baixa no MACD, ao passo que as Bandas de Bollinger estão se estreitando, e o preço está usando a Média Móvel (linha vermelha central das bandas azuis) como suporte! Sempre que as Bandas de Bollinger se estreitam de forma convergente como está acontecendo, é sinal de que um movimento relativamente grande está prestes a acontecer! Vou manter o olho aberto pra ver o que acontece nas próximas 12-24 horas, especialmente porque o MACD do gráfico com velas diárias está indicando força de alta! Pra que direção vocês diriam que o movimento do preço tem mais probabilidade de seguir? AVISO LEGAL: conteúdo com proósito de informação, e não deve ser considerado conselho financeiro.
by UnknownUnicorn1927084