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Confluence

CONFLUENCE TRADING | YOUR KEY TO ACCURATE ENTRIES 🥇 If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish; it should match lower highs if the market is bearish). Once the trend line is confirmed by at least two touches and consequent reactions , you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line. 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish, swing high to swing low in case if the market is bearish). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line. In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
2
CONFLUENCE TRADING | YOUR KEY TO ACCURATE ENTRIES 🥇 If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish; it should match lower highs if the market is bearish). Once the trend line is confirmed by at least two touches and consequent reactions , you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line. 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish, swing high to swing low in case if the market is bearish). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line. In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
24
Small Caps Are Outperforming AgainQQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a flip is taking effect again. This chart shows relative strength of the Russell 2000 Small Cap ETF against the S&P 500. Notice the long period of outperformance that began in October as investors anticipated (and then acted on) the economic recovery. Also notice the period of relative weakness in March as traders “sold the news” about reopening. Small caps have consolidated since then, but now are starting to outperform again. Second, notice the series of higher lows between May 12 and May 25 as IWM was unable to close above $221.50. This ascending triangle resolved to the upside the next session, followed by breakout late last week. Interestingly this pattern neatly falls along the 100-day simple moving average (SMA). Finally, MACD is turning positive again. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:IWMLong
by TradeStation
1
+55 pips and counting ! GBPJPYCheck my previous signal post below , go through it and make sure you understand the reason behind my Short long (long sell) idea. Insert the Bollinger Band indicator into your chart and in H1, you'll notice that just as the bands contracted around 153.950-154.120-ish, it started expanding when price started impulsively bullishing to 156+. You'll also notice in H1 that the bands started contracting around the high price went to and just started expanding and price is already in a downtrend which means history is definetly going to repeat itself. With all that said, i believe GBPJPY still has a lot of room to fall, more like a 100+ pips range to bearish. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please, cheer us on, leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section.
Short
by LaBOSS_FX
1
155.550 the first likely TPTrading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153. Once the trendline that's acting as the support gets really broken, price should begin it's move down. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on,leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section !.
Short
by LaBOSS_FX
3
BTCUSD Analysis complete...2 way streakAfter that sweet head&shoulders was complete, price was supposed to fall 4000pips down to 33278 or thereabout but rather, it went only 800pips which means if it cannot complete the bearish move, there's a possibility that it's likely to reverse back up and after it breaks the support at $37400, it will go all the way to $4000+. Parameters for BITCOIN Pair: BTCUSD Side: BUY NOW Entry: 37000.00 TP 1: 38410.00 TP 2: 38820.00 TP 3: 39347.00 TP 4: 40181.00 Stop Loss: 36114.00 Pair: BTCUSD Side: SELL LIMIT Entry: 36200.00 TP: 33280.00 Use proper risk management & do not over leverage your account. Use position size calculator before opening a position!. www.babypips.com NB: The parameter i sent above is a one-time thing. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on, leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section.
BITSTAMP:BTCUSD
by LaBOSS_FX
2
🏛EUR_USD RISKY LONG🚀 🚀EUR_USD is trading in a rising wedge And has hit a strong horizontal resistance After that, the growth has stalled And now the pair is retesting the support confluence Of the rising wedge support and the horizontal support levels Thus, there is a chance that we will see a rebound And a retest of the resistance above And while this trade seems risky, as it looks like the pair Is preparing to break the level, and go down The risk reward here is very good So why not take this long with 0.5% risk. LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Long
by ProSignalsFx
3
TELUSDT 📞 on the Hourly UPDATE*NOT FINANCIAL ADVICE: DYOR - This idea is IMO personal use only* ========================================================= An update from my last chart dated 25th May: Excellent news announced a few hours ago on the passing of Nebraska Bill, meaning that a cryptocurrency & digital asset bank framework now signed into law. We saw that breakout from recent parallel channel of the past week. New lines presented now after doing some quick Fibonacci retracements + confluence analysis. Still extremely bullish on TEL!! Why? 🔹 Already in the top 10 best performing cryptos for 2021 after the crash 🔹 Anticipating further amazing results in the lead-up to the launch of V3 🔹 Increased exposure with recent listings on other exchanges 🔹 Increased publicity and leading the way now the Nebraska Legislature to create a crypto & digital asset bank framework is now signed into law. 🔹 Solid roadmap for the rest of this year 2021 At the time of charting this, TEL ranks at #53 on coinmarketcap which is up 10 places since my last chart. As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC, as we just saw with the impacts of the recent pullback. Good chat.🤖 My previous chart 25 May: My previous chart 5 May: My previous chart 14 April:
by CryptoZani
5
2951+ pips and counting !.Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis. Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after the bearish move is complete/over or when the bears are exhausted (it's all the same thing), to complete the other part of the right shoulder and after the Inverse Head&Shoulders pattern is complete, you know what next to expect !. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on, leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
BITSTAMP:BTCUSD
by LaBOSS_FX
Bitcoin Analysis complete ! Inverse Head&ShouldersA little insight on the Inverse head and Shoulders An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. I call a short short (a short sell) And as always for bitcoin: Stop Loss = 500 pips Take profit = 5000 pips #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence
BITSTAMP:BTCUSDShort
by LaBOSS_FX
2