shortfx

TarbzFX Updated 

Overall I'm bullish on GBP and AUD but this trade does hit quite a few confluences. Confluences: - Rejection of blue box and 78% fib - rejection of 8Hr EMA - TP lines up nicely with next area of support - break out retest of previous upward trend

TarbzFX

CONFLUENCES: - Breakout and restest of prior support - Rejection from 51 EMA - Rejection of 71% fib level - Potential Head & Shoulders formation

TarbzFX

CONFLUENCES: - Rejection of 51 EMA - Rejection of Fib level - Breakout from pennant - Rejection of former support level

TarbzFX

CONFLUENCES: - Rejection of key fib level - rejection candles in lower timeframes - Respected downward trend - Rejection of EMA

TarbzFX

CONFLUENCES: - Descending Channel formation - Breakout and retest of previous uptrend - Shooting star and pin bar rejection from shaded area in 1HR timeframe

TarbzFX

CONFLUENCES: - Double Top formation - Significant area of resistance - Bearish daily candle close - This trade slightly diverts from my strategy but I am happy with the confluences and this is a longer-term hold - Stops are currently at Breakeven

TarbzFX

CONFLUENCES: - Bearish Market Structure confirmed by EMA Crossover in the 4hr and LL formed - Reversal from the significant weekly resistance - Breakout and retest from a previous uptrend - Rejection from key fib zone - Rejection from 50 EMA

TarbzFX Updated 

CONFLUENCES: - Bearish market structure confirmed by EMA crossover - Breakout and retest of the larger uptrend in the Daily - Rejection of the 78% Fib Level - Rejection of the previous area of support - Elliot Wave 5th leg