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Confluence

Don't miss this sweet 1:10 RRRYour divergence signals plug is back at it again !. REASON FOR THE SELL TRADE 1. Our 200 EMA is serving as our 50% (Average) level on our RSI. 2. The confluences are as clear as day, both at our previous resistance and our trendline 3. Price is already overbought but not over over bought yet, price must be over over bought at our confluence. 4. Divergence confirmed both in our main price on our chart, RSI and AO. 5. Monday is market open which means prices needs to adjust for the new week meaning, prices need to get centered on a moving average in this case, our 200 Exponential MA. Right after this post is published, i will set my alert to be received via email and mobile notification so i don't miss this scalping opportunity. Calculations: STOP LOSS (SL) is set at 51 points (or pips) whereas our TAKE PROFIT (TP) is set at a whooping 550 points (or pips) So therefore, using the following lots on a 50 spread account, you manage a loss and make a profit of: 0.01 (10 cents) = SL - $5.10 TP - $55 0.10 (1 dollar) = SL - $51 TP - $550 1.00 (10 dollars) = SL - $510 TP - $5500 10.00 (100 dollars) = SL - $5100 TP - $55,000 Use proper risk management, use proper money management !. I have time on my hands hence the essay-like breakdown of this trade lol !.
UShort
by LaBOSS_FX
4
Too many synergic indications that this level should hold...200 EMA, Bollinger Bands, Monthly Low -> all very near Friday closing price. • 200 EMA is generally regarded as an important dynamic level • Bollinger Bands works well on this pair according to my testing • Monthly Highs/Lows are important pivots You can also see support with a naked eye - the exact same level. That is exactly why I think that the level will be broken for liquidity. And I know the time. At 20-00 CEST, Bank of England Gov has some speaking to do. That is always a good excuse to break the market and reach for liquidity. After that, I think the pair will go long for a moment. To the middle band only. I won't long it further. Have a good luck!
Long
by OrcChieftain
GOLD triple top at the 0.618 🦐GOLD on the daily chart got rejected by the confluence point at the daily resistance. The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure. According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
22
Bitcoin dump could be about to happenso continuing on looking at this current run and a fractal of the all time high, it looks like we could run up to around 48200 ish give or take ar hundred or so then would be looking to replicate the dump that the all time high had, which on this smaller time frame would get us down around high 41k ish or low 42k ish range for this next big move, there is an amazing amount of confluence occuring where we are replicating the same patterns and lines just on a smaller time frame
FTX:BTCUSDShort
by surfbeach73
2
USDCAD - Double Bottom @ Ascending Daily Trendline Hi Traders! The market is neither in a clear Uptrend nor in a clear Downtrend. As you can see, the market strongly went up. But shortly after, we see how the market turned back down and how it's starting to consolidate now. Now we have two things which are confluencing: The Ascending Trendline There is a purple ascending Trendline (Area) which is important and often respected. So, every time it got near to this Trendline, the market got pressure and headed up. The Double Bottom Pattern We also see a Double Bottom Pattern. The market stopped around an area, then it moved up, it came down again, but it failed to make a firm lower Low. That potentially means, that the market rejected the lower price. There could be some potential bullish strength behind there. The three targets for the bulls to make are: #1 Reaching the Neckline / Last High, so the market doesn't make a lower High which would be a strong Structure system and not too easy to break #2 Break the Neckline, which would simoultanously be a higher High and a great condition for moving higher #3 The famous "61.8% of the Fibonacci Retracement" Tool, which many people use to enter/exit. What do you think about USDCAD? Leave a comment! Thanks and successful Trading :-)!
Long
by swissmoneymakers
BTCUSD Trendline + Dual Fib Ext. Confluence - Reversal at 47,200Since the last local low of $30,000, BTC has been rising while respecting the same trendline, similar to $SPY's movement the past few months since the pandemic crash in March. Quick, large rises followed by slow uptrending, then rounding a top and touching the trendline, only to repeat it all again with a quick reversal. The next touch of this trendline should be in the next few hours at $47,200, according to the trendline as well as a fib and a previous resistance that has been turned into a support. The reversal will be quick, so make sure you get your trade in as close as possible to the trendline, and feel free to DCA into the trade starting here. Any movement below $46,500 will invalidate this trendline and put further downside into the near future. If this reversal at the line succeeds, two separately drawn fibonacci extensions line up at around $54k, which should be the next target for the top of the rise. ETH is also a good trade based on this. It's been suppressed at 3350 for a long time and is itching to break out and needs a push from big brother BTC to achieve it. Don't overleverage and set a stop loss. Good luck!
Long
by Slip1244
6