inside bar break down pattern
Maybe we can look to short GBPUSD on the 4 chart, after price pulls baxk to the 0.618 fib and seems to be rejecting with pin bars.
Can the greenback make a push for new highs... we will find out, Bitcoin and crypto being devalued very fast, makes me believe the dollar has the chance to gain good ground this week, and as such we can expect the majors pairs to potentially make a move lower.
Inverted head and shoulders seen in EURUSD, and in DXY we have head and shoulders expect DXY to fall and EURUSD to rise.
Reef could be a huge defi gem this year, looks to have bottomed out, lets see how it goes.
Bullish pennant, could lead to upside potential.
If you followed my first idea in GRTUSDT, lets just say you made bank haha. Now we have an impulsive wave, the first mistake a lot of traders make is these follow the price, they rush in and get caught out. Now fibs are not always accurate in crypto given the volatility. but if you want to buy at a good price, see if price will fall back to .5 or the 0.618, this...
This is my plan of action for GBPUSD, over the next few days. with a sell limit 1.38. stop 40 pips. target 75 pips. Then a long position from the 0.618 fib up and over 1.38.
GBPUSD on the 4h chart is making inside bar, an inside bar on the 4h chart basically represents a 1h consolidation, so you look for price to break the previous candles high and you place your stop beneath the inside bars low. these offer great risk reward and usually fast impulsive trades, so fingers crossed
I am longing cable with this breakout of downtrend and pullback, We may see Gbp/usd work its way uptowards 1.38 before NFP this week. Trade your plan
EURGBP cant break the volume and and has made a 4h pinbar. stop loss above the volume. and look to short down
If NZDCAD can reject the 0.618 fib on the 4h chart we can look for more bearish selling.
This is my current analysis for EURAUD, based of the daily and 4h chart. im currently in a buy position with a 1% risk.
Just me playing around, but fits my trading plan. looking for one more wave on the impulsive side before a correction. targets of 1.38 before the correction imo. from roughly 1.3580-1.36 entry. dxy needs a 4h high, this will be the 4h low in gu
This is what I have my eye on GBPUSD doing this week, with some weakness first, before finding support and rallying. If not the breakdown on the short will be nice.
bit late but bitcoin has weekly inside bar breakdown and this squeezing pattern has had bearish breakdown.
EURUSD HAS BROKEN OUT OF THIS DESCENDING WEDGE, PULLED BACK TO THE 0.618 FIB AND WILL NOW ROCKET UPTO NEW HIGHS.