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BTC - H4 - SECOND SHOOTING STAR !H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the closing lows) as the first significant support line, ahead of the one relying the low of the candles. There is also a double top formation in progress (shooting stars top !) with its trigger level @ 35430 A failure to hold above 35430 would open the door for a target @ 33410 On the upside, in order to neutralise further downside risk, we need to see a recovery above former highs (37450 & 37320) Finally, as long as we stay below the former downtrend line resistance (in red) the trend remains BEARISH ! Currently, in a broad triangle pattern where a breakout should occur over the coming hours, either on the upside or on the downside... Wait and see
BITSTAMP:BTCUSD
by Ironman8848
5
GBPJPY 4H DOJI SANDWICH STRATEGY (CONTINUATION OR REVERSAL)Best H4 Forex Strategy The H4 trading strategy revolves around a very common chart pattern known to the technicians as the Doji candlestick. Our forex H4 trading system combines some high probability setups that we’ve found work best on the 4-hour time frame. A detailed guide to the Doji Candlestick pattern can be found on the internet. As far as the probabilities of the trade working using this special Doji setup and the magnitude of the trade working it’s extremely high. We’re going to demonstrate how the Doji Sandwich setup paints the change in market sentiment. The Doji chart pattern can take many different shapes and forms. The main characteristic of the Doji is the small body where the open and the close are very close together. However, the hanging man, shooting star, bullish and bearish Harami, inverted hammer and dark cloud are considered to be variations of the standard Doji pattern. So, we’re going to also use the above-mentioned chart patterns to spot buying and selling opportunities. The Doji candle pattern is only one part of the overall Doji Sandwich trade setup. Let me explain… The Doji Sandwich is very easy to identify as it’s a 3-bar reversal pattern comprise of: One large candle that closes near the higher end (or lower end) of its price range. Followed by the Doji candle. Another large candle is of the same magnitude as the first candle. Note* The last candle must be in the same direction (bullish or bearish) as the first candle. The term “sandwich” comes from the fact that the Doji candle appears sandwiched between two larger candles. And, this is what makes the H4 forex trading strategy very effective. This will produce a high probability reversal setup. When you combine the Doji candle with the nearby candles we have a recipe for success. This simple trade setup on the 4h chart, will almost double your success rate. On Wall Street there is a saying: “If something doesn’t work, it disappears very quickly.” But, that’s not the case with the Doji Sandwich setup as it has stood the test of time. We’ll demonstrate the profitability of the setup using live trade examples. Now, here is the thing: The truth about trading is that no matter what trading setup you use, there will always be false signals. So, in order to harvest the bad forex signals from the good forex signals, we’re going to use some extra technical tools. Filter Your Trading Setups with Stochastic Indicator The overbought and oversold conditions are based upon the stochastic indicator. See the best practices on how to use the stochastic indicator here: Best Stochastic Trading Strategy- Easy 6 Step Strategy. Note* We use the default settings for the stochastic indicator. As a general rule, if you can spot a reversal signal when your stochastic indicator is in an overbought/oversold area, we’re very close to see a trend reversal. The Doji Sandwich pattern meets all of our requirements: The first candle and the third candle are more or less of the same length and point in the same direction (bullish flag chart pattern). Second, the middle candle is a Doji candle. Moving on… Spotting a chart pattern is only half of the equation; we also need an entry technique for our H4 trading strategy. The Entry Technique There are two ways to enter this trade: You can buy (sell) as soon as the 4th candle opens. Wait until the high (low) of the third candle is broken. We have used both types of entry techniques to take advantage of high probability trades. Here is the thing… Once you’re in a trade, you still need to have a plan to manage your trades and not leave it to luck. For trade management, we’re going to throw in some additional technical indicators. How to Manage Your Trade? This is important so don’t bypass this trading gem. The following moving averages are used by the H4 trading strategy: The 200 moving average. The 50-period simple moving average SMA. Every major money manager in the world uses those moving averages to make informed decisions about their portfolios. Now… Here is how we use the 200 moving average: The 200 MA is only used for long-term guidance and to decide how long are we going to stay in the trade. For example, if we have a bullish Doji sandwich pattern but well under the 200 MA, we’re going to treat this trade as a short to medium-term trade. However, if the pattern develops above the 200 MA, we want to stay with the trend and ride that wave to squeeze as much profit as possible. The chart shows the Doji Sandwich pattern being printed well below the 200 MA in which case we’re going to treat this trade as a short-term trading opportunity. Now, you might be wondering: “How to use the 50-period moving average?” The 50 MA is there for guidance purposes only. What we look after is for the price to break above the 50 MA either within the first candles after we entered the market or during the development of the Doji Sandwich pattern. Next… We’re going to answer how to protect your bottom line and exit with a nice profit. Stop Loss and Exit Strategy First, the protective stop-loss trading strategy is placed below the Doji candle, which is the middle candle of the 3-bar pattern used. More, once we break and close above the 50 moving average, the stop loss than can be trailed below the 50 MA to further reduce the risk. Next… We have several options to take our profits: First, if we’re below the 200-MA, we get out once the stochastic indicator is in overbought territory. If we’re above the 200-MA, we need to be more creative as to capture a larger portion of the trend and combine the action of both MAs. Best 4H Forex Strategy – Advanced Setup If you like this 4h price pattern, we’re sure you’ll also like if we share with you a second alteration of the 4h Doji Sandwich. Everything remains the same, only two things change. Let me explain… For example, if you’re looking for a bullish reversal the first candle is a bearish candle, while the last candle of the 3-bar formation is a bullish candle, like in the 2nd trade. Note* In the case of a bearish reversal the first candle is bullish while the last candle is bearish. Here is one more hint: If the third candle closes above the high of the first candle then this is setting the stage for a very high probability trade. Try it for yourself and look on your charts for the Doji sandwich pattern. Final Words – H4 Trading Strategy In summary, the H4 forex trading strategy is ideal for looking for trading opportunities around the clock. Keep in mind that the H4 trading strategy requires a solid understanding of how the market operates. The trading rules outlined throughout this guide should be enough to help you navigate all types of trading environments. So, here is a summary of what you’ve learned: The H4 time frame lets you benefit from both worlds (intraday PA and larger TF). The H4 chart carries more weight in FX trading due to how each day is broken is trading sessions. The Doji Sandwich is a 3-bar reversal pattern. You have learned an intuitive entry technique along with trade management tactics. The best H4 forex strategy will increase the odds of your success even further. Thank you for reading! H4 FOREX TRADING STRATEGY USING THE DOJO SANDWICH Learn the H4 forex trading strategy a cash-rich system to benefit from both the intraday price fluctuations and the larger time frames. Throughout this guide, we’ll outline a detailed plan around the best H4 forex strategy and what are the best trading tactics to implement on the 4-hour chart. What time frame you trade on will largely determine how you calculate your support and resistance levels, your risk level and determine the trend direction. Our goal is to focus on the 4-hour time frame namely because: 1 - It allows you to actively trade the markets around the clock 2 - It combines the benefit of the intraday charts along with the big picture trends Probably the 4 hour chart is the best time frame for simple swing trading. If you have a 9 to 5 job, or a family that keeps you busy, but you still want to make money from the forex market, we recommend trying the H4 trading strategy. We’re going to reveal the Doji sandwich pattern in the next sections, so continue reading. Without further ado, let’s first layout the foundation of what is H4 in forex and then move on to show you our H4 forex trading strategy. Table of Contents 1 What is H4 in Forex? 2 Why the 4 Hour Time Frame is Important 3 How to Use the 4 Hour Chart to Confirm Your Trades 4 Best H4 Forex Strategy 4.1 Filter Your Trading Setups with Stochastic Indicator 4.2 The Entry Technique 4.3 How to Manage Your Trade? 4.4 Stop Loss and Exit Strategy 4.5 Best 4H Forex Strategy – Advanced Setup 5 · Final Words – H4 Trading Strategy What is H4 in Forex? Now, probably most of you already know that in the forex trading and technical analysis realm, H4 is simply an abbreviation for the 4-hour daily time-frame. The 4-hour time frame is an intraday TF where each corresponding candle encompasses exactly 4 hours of trading activity from open to close. The 4h chart also comes as the standard default time-frame with most top trading platforms so, it’s readily accessible. The 4h time frame carries a distinctive role, especially in the forex market. Unlike stocks which are opened for trading for a limited 8-hour window, in forex trading, the foreign exchange market never sleeps. So, in the stock market, the 4h TF is useless as one full day of trading will be comprised of two 4h candles. However, in the forex market, one full day of trading activity is comprised of six 4h candles. What is even more important, one 4h candle point out to a half of each major trading sessions. In the forex market, the Sydney, Tokyo, London and New York session have their unique price action. And, this is where FX traders can focus on new trading opportunities. Moving on… We’ll explain the main benefits of using the 4h trading system. Why the 4 Hour Time Frame is Important Trading on the 4h time frame is not only suited for those with limited time on their hands or the beginner traders. Check out our guide on the best trading strategy for beginners. There are other benefits of trading 4h time frames that can’t be found on other time frames, including: You’re no longer a slave to the markets and have more freedom. The impact of risk events on the 4h chart is less visible. Timing the market is not that critical, giving you more wiggle room for error. Larger profit potential. And, of course, benefiting from combining the benefits of intraday TF with larger time frames. Now… One of the biggest mistakes traders makes trading the 4-hour chart is that they don’t pay attention to the fact that different brokers have different closing times for the 4-hour candle breakout strategy. This is a time-critical forex trading consideration. And, that can make the difference between winning and losing. How to Use the 4 Hour Chart to Confirm Your Trades Since time in the forex market is broken in several trading sessions and forex brokers run on different time zones, the 4h candle will close at a different time of the day. Nowadays, most forex brokers run on the GMT+3 time zones but, if you want to be safe, better check with your broker. The main disadvantage of the different FX broker server times is that you will get different 4h candle closing. Every new candle on the 4h time frame is formed every 4 hours. This in turn will lead to different price actions on your 4h chart. To resolve this issue, and have a more accurate representation of each trading session we use the New York close time to define when a new 4h candle is printed. In forex trading, the New York close is considered the standard closing time for the day. Learn how to master forex trading with our complete guide. If you’re serious about trading, you need to use forex charts with the New York close. Let me explain… The daily closing price in any market, be it forex, stocks, commodities or cryptocurrencies displays who won the battle between buyers and sellers for that session. Traders who are planning to use the h4 forex trading strategy need to have the correct New York closing charts. If you want the identical price action on your charts as we have them, you should use the New York close charts. Now… If you use the correct New York close charts, you should see each 4-hour candle close at 5:00 PM, 9:00 PM, 1:00 AM, 5:00 AM, 9:00 AM and 1:00 PM. If you’re using the Central Time, you should see each 4-hour candle close at 4:00 PM, 8:00 PM, 12:00 AM, 4:00 AM, 8:00 AM and 12:00 PM. On the other hand, if you’re using the Pacific Time, you should see each 4-hour candle close at 2:00 PM, 6:00 PM, 10:00 PM, 2:00 AM, 6:00 AM and 10:00 AM. Taking care of this type of detail while it might seem unimportant it can make the difference between winning and losing. Traders can use these 4-h candles to find potential new trading opportunities. You’ll only need a 10-minute window of time upon the close of each of the 4h candles to analyze your favorite currency pair and spot new opportunities to make money.
by Tradingstrategyguides
CRWD- One of the leaders in cloud endpoint securityCybercrime is expected to cost the world $10.5 trillion by 2025, making it the 3rd largest economy. Recent SolarWinds attack reminds us that cybersecurity will continue to be one of the most important concerns federal govt, SMB and big enterprise pay attention to. Federal budgets devoted to cybersecurity will likely to increase and CAGR of the cybersecurity's TAM is likely to accelerate in the foreseeable future as well. CRWD has outperformed many of its competitors recently and will likely pursue more partnership alliance and acquisition down the road. It is one of the leaders in cloud endpoint security, a niche area within cybersecurity space, and will likely remain so as it continues to expand product offers outside strictly endpoint/workload protection.
NASDAQ:CRWDLong
by Libratus
EOS- Big three Dapp platformsEOS, along with ETH and TRON, is one of the three most popular decentralized platforms in terms of amount of dapps, # of users and overall transaction and volume. It is down more than 80% from ATH and is one of the top 10 most popular coins on CB. However, there doesn't seem to have any short-term catalyst for price momentum according to derivative data and fundamental analysis. I think it will be nice to slowly scale in in the demand zone and have a small percentage of your capital allocated to EOS. Set the stoploss below the daily POC. Just my two cents. Not the investment advice.
by Libratus
2
NZDCAD - INDECISION.DAILY ANALYSIS : -Around a resistance zone from the past -Will close as doji if price doesn't move much anymore. --------------------------------------------------------------------- BI/QUAD HOURLY ANALYSIS : -slight divergence forming -price rejecting resistance zone ---------------------------------------------------------------------- It is possible to see potential shorts in the near future if this pair continues to flow the way it is right now, for the rest of the day. -Please remember I am not a financial advisor & this is just my opinion. Follow me for more education and setups.
by SmoothhhPips
2
MULTI-TIMEFRAME ANALYSIS - GBPUSDWhat a busy week for GBPUSD. The pair managed to successfully bounce off the 1D descending channel, bullish flag, and entered within the 1D disjoint channel resistance from our previous analysis and seems to be heading towards its resistance. You may check our previous analysis by clicking the related idea below. 1W Analysis The pair seems to have bounced off the 1W support zone, and seems to be heading towards the major resistance zone. A break above the resistance zone would cause the pair to rally even further and possibly test the next resistance zone. 1D Analysis The pair seems to be testing a minor 1D resistance zone after bouncing off the 1W support zone. The Friday candle closed as a hanging man after the two candles prior to it tested the resistance zone. If the pair closes above the 1D resistance zone we could see a further rally in the price and possible a break of the 1W resistance zone in order to re-test the 1D ascending channel. However, if the pair fails to break above the 1D resistance zone then we may see the pair decline towards 1W support zone once more. 8H Analysis The pair recently broke its trend line resistance and seems to be testing the support turned resistance of the 8H ascending channel it recently broke out of. A close inside the channel may indicate that the pair would be heading towards its resistance which is also within the 1W resistance zone. If the pair fails to close inside the channel, gets rejected, we may see a decline towards the trend line resistance turned support and a close below it would see the pair drop towards the 1W support zone. 4H Analysis The pair seems to be having trouble with the resistance caused by the 8H ascending channel. The last candle closed as a doji so we would need to see the close of the next candle to have an idea as to what the pair might be doing. 2H Analysis The pair seems to have closed above a 2H resistance zone with the last candle closing above it and testing it with its low. This could be a possible indication that the pair might be looking to continue with a rally. This would cause the pair to then enter back within the 8H ascending channel. Conclusion Monitor the pair on the 2H and 4H timeframe to see exactly what the pair does and how it coincides with the 8H, 1D and 1W in order to make an accurate trading decision. If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
by JJForexAcademy
MULTI-TIMEFRAME ANALYSIS - GBPUSDGBPUSD recently broke out of its 1D descending parallel channel, which seems to be a bullish flag, it then re-tested the channel thrice with the last 1D candle closing as a bullish spinning top. 1D Analysis The Friday candle closed as a bullish spinning top after its retest of the 1D descending parallel channel, this could be a possible indication for a reversal to the sell trend prior to the bullish spinning top. A successful bullish spinning top might create a possibility where the pair heads to re-test the 1D disjoint channel resistance as it did prior to it starting the sell trend. This would however require the 1D candle to close above the support turned resistance of the disjoint channel as it closed on the support when retesting the descending parallel channel. 4H Analysis The pair closed its last 4H candle as a doji after testing the support zone it had trouble breaking below. This might be the indication that the pair is uncertain about breaking below the zone. The pair can be seen within another descending channel on the 4H timeframe. A break below the support zone could lead to a further sell-off on the pair, but for the 1D bullish spinning top to be valid it would need to break the zone of its last lower high. 1H Analysis The pair closed its last 1H candle as an inverted hammer which might be another indication to confirm the 1D bullish spinning top, but the previous candle closed as a bearish spinning top which indicates that the pair might drop. The possibilities are that the bearish spinning top might be to drop the pair towards the support zone where it might be able to gain some momentum before rallying all the way back up, or it might just break below the support zone and continue with its sell-off. Another possibility might be that the inverted hammer invalidates the bearish spinning top and the pair breaks the resistance zone then gaining momentum to carry on with a rally. Conclusion Monitor the pair on the 1H timeframe to see exactly what the pair does and how it coincides with the 4H and 1D in order to make an accurate trading decision. If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
by JJForexAcademy
2
Bottom Feeder Trade off momentum and market structure.*Entertainment Purposes Only, not trade advice. DYOR I really like the story behind this coin. Consistently in top 100 cryptos. On multiple exchanges. It does have a lot of outstanding coins though. Reasons for trade: Location it is between .618-.786 and at .786 off two different fibs (double entry zones) from most recent highs. It's near the bottom of its range from 4/2019. To the upside, there are a lot of gaps, wicks, and huge potential. It looks like an unconfirmed W might becoming in price action right in the entry zone, double powerful. It has a couple MACD divergences, one of them confirmed. Most recently, MACD and Price converge. There is volume starting to come in. Like the green bar action. Multiple moving average confluence. Willy has a cross and is coming out of oversold. OBV crossed the EMA. And there is market structure in the indicators: OBV, MACD, and Willy, and PA has a potential W brewing. Double dojis on daily. There is "saucer bottom" action for over a year. Trade Entry: Took fib off recent candle body (even though it hasn't closed) will try to sneak in a little pull back at 26 sats. Less than .05% of capital. Profit Target: 52 Sats at a double, sell half my position. Potentially feed the market at parking garage locations drawn from fib extension if PA W confirms. Risk: Willing to risk to zero. BITTREX:SCBTC
Long
by Cryptough
7
Tristar pattern on USOIL 15 minute chartHappy Friday oil traders! I just noticed this Tristar on the 15 minute chart for USOIL. I had never seen 3 dojis in a row so I had to look it up. According to my reference, a Tristar is 3 doji candlesticks that appear at the end of a run, either long or short. They typically indicate a change in direction. Considering the decline in oil today, maybe this is an indication of some upward movement. If so, trade with caution, and use your stops accordingly. Trade safe, and have a great weekend!
FX:USOILLong
by Trade4God