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Confluence

USD/JPY CONFLUENCEHow much more confluence do you need. 1. Price looks due for a retracement, means nothing but it looks that way. 2. Rejection wicks finding resistance at a FRESH supply zone. 3. Weak price action seeing exhaustion after a big push phase with Rejection wicks and Doji on the four hour. 4. Bearish momentum divergence with a bearish macdoodle cross. 5. Price looking due to revert back to the 50/200 Period moving asses (White,Purple) 6. Fingermybumnacci 50/61.8 lining up with our TP target and most importantly with Market structure (black lines) 7. TP target also lining up with a reversion back to previous daily support level. (Blue Lines) 8. Bollinger bands with a standard dev of 3, Just got a touch on the top of channel (Quite rare) It all means nothing on its own, Price action is ALWAYS number one but I prefer to gather as much evidence as I can to support what PRICE is telling me. Trading is just about making an educated guess based on the information at hand. "Price is where? In reference to what?" -Me, The real GMBP
UShort
by UnknownUnicorn13771263
Testing kits on Delta VariantFundamental Quidel: a manufacturer of diagnostic products, frequently rises or sinks in response to developments in the coronavirus pandemic, as a big part of their revenue comes from its COVID-19 testing kits. As the Delta Variant is worrying countries around the globe, QDEL will be interesting to watch. Technical Analysis As you can see in the weekly chart, the blue horizontal line which is approximately $150 was tested multiple times, is now also coinciding with the 50ema, which has worked well as support. A potential target could be in place, as there is still a downtrend from the Pfizer Vaccine initial news of 95% efficacy.
NASDAQ:QDEL
by dorfmanmaster
1
What do you know about Rising Wedges?Gold has broken the $1800 level and is now trading just above it. This rising wedge occurred after a preceding downtrend which is going to act as a continuation of the preceding downtrend. I would boldly state that the recent gains XAUUSD has been experiencing is a pullback to resume/continue the original downtrend. If the high impact USD news (JOLTS JOB OPENINGS) being released is positive better than expected/positive, then my idea will be proved valid but until then, open sell limits with good risk & money management. If you like this idea, leave a like, share your thoughts in the comment section and most of all, hording knowledge is bad, so share this idea with your fellow traders !.
FX_IDC:XAUUSDShort
by LaBOSS_FX
1
NZDUSD - Potential Trend Change - Bullish Flag PatternHi Traders The market was in a big Downtrend, but now it seems to reverse. Let's go one by one on what happened and what it potentially means: The market is going down on the left hand side. It makes lower lows and lower highs. During this process, a (dashed) Trendline occurs. After that, a Range (purple Box) developed. This Range got broken bearish, but shortly after that, a big up-movement occured. This up-movement even broke the upper Resistance of the box. This time, we have a higher high and think about it: In a downtrend! The market starts to retrace in a flag. It also formed a low - a higher low. Now it seems to be a Bullish Flag Pattern - near the big important Trendline. If the market breaks this important Trendline, it simultanouesly breaks other Keylevels and the market will continue bullish. We recommend to buy as low as possible for the best chances to hit the TP and for a more favourable RTR ratio. Thanks and successful Trading :-)!
Long
by swissmoneymakers
6
Bullish Breakout for Total Crypto MarketcapLight has appeared at the end of the tunnel possibly for cryptos as the holiday weekend here in the US has witnessed bulls quietly breaking an ice line that has kept the crypto market in the doldrums for the last few months. A full body weekly candle close this week will need to confirm the breakout but so far so good. The 1.356 trillion dollar area appears to be calling our name as a nice bounce/confirmation could occur there due to the amount of potential bullish confluence that resides there. Again, the weekly candle close will be key.
CRYPTOCAP:TOTALLong
by TradeVibez
Trade Idea | NZDUSD, Long Position, MARKET MAKER'S Confluence.If you look closely entry was made on the 22nd of June. has been playing out well and perhaps would have taken profit on the 25th June, just before a key zone from 0.71000 to 0.71250 but stayed in as it had not yet touched the Red line (50MA), though the Blue line(200MA) most often is where one should close the trade as this MA signifies a change in direction. Yet we are looking to see a Major Market Maker's play, that being the major confluence to stay in the trade as we see ("W") formation. This signifies a continuation to the upside, as we can see after the 4 red candles there is 1 long green. This week we look to see this trade take profit at (50MA) touch which the set (TP is at 0.71606) and (SL at 0.69003) a 1:2 RRR.
Long
by moosa777fc
1