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Confluence

GBPJPY Long AnalysisHello! I want to give you some information about this analysis So .. I chose a "Buy" position because the price intersects with several confluences of mine .. E.g. The price is in a demand area, it intersects with my round number, daily support and daily trendline. As we see in the picture, the price retested my area + the round number 150,000 and the Daily trendline Many confluences-Better chance to WIN :3 So that's why I'm going on a purchase here, because I have a good feeling for this pair. Follow me for more explicit analysis..if you like it! <3 Thanks for viewing. If you have different opinions you can write them in the comments section <3
Long
by sergiugeorge
NEOBTC (09-04-2021)Key Support Levels: - Fib Retracement 0.618 level (recent swing low to swing high) - Trendline (Two previous swing lows) - Anchored VWAP (Second & Third previous swing lows) - Fib Speed Resistance Fan (Second swing previous swing low to current swing high) - Key level (Old previous POC and Local LVN) - Monthly level (High time frame) - Fib Channel 0.25 level (High time frame swing highs and low) - Rising Channel Bottom (Previous - Current swing high to swing low) So we got a lot of nice non-biased levels that coincide in one location. I'm predicting that we will bottom out in around 2 weeks (according to fib time) plus we have plenty of reasons to bounce. It will be nice if we see the formation of a bullish reversal pattern heading down toward these levels along with strong bullish divergences. For example, a high time frame candlestick reversal pattern along with a mid/low time frame classic reversal pattern or a bullish harmonic pattern that provides an entry that also coincides with these support levels.
Long
by mcryps
Yields are bringing the yello metal back down to restest S levelBulls have taken price all the way up and they are exhausted at the moment, is this consolidation going on meant for them to gather steam to continue their bull run or is the consolidation for testing the resistance in this level? I believe Gold has touched a confluence over here and the bears are going to take over and bring price all the way to the 1735 area before the next major move. Like I always state, this isn't financial advice, do your own analysis and trade wisely because trading CFD's on margin is very risky for noobs. Have a great one! Cheers!
FX_IDC:XAUUSDShort
by LaBOSS_FX
X marks the SPOT - LITECOIN hits a bullseye on its way outAn important moment for LITECOIN as it reaches FIB level 1.6, AND the possible top trend line AND crosses MACD. It's just ANDing all over the place! It's just hit a bullseye, and is ready to move. Looks like a little mini U dipping in and out from the line. Look for another strong candlestick and then go long onto the NEXT LEVEL BABY. Remember, if you were right and I was wrong... That makes you a better person.... Okay, I admitted it.. GEEZ
Long
by Ifyouonlyknew
USD/MXN Bulls: Tracking the Big Players. What is Next?This pair is now in a Downtrend Market. We are seeing two possible zones where Bulls may enter the market. If the Bulls fail to successfully defend the 20.20 Demand Area, then we expect the market to focus next on the 19.60 Demand Area. The 19.60 Demand Area is a fresh demand zone which has not been tested before. The Buy Zone is the Green Circle. We can use the Fibonacci Levels on the Chart for our Profit Target Levels. First Target TP is 19.97, Second Target TP is the 20.33 Area, and the Final Target TP is 20.58 Area. Supply and Demand all the Way!! Happy Easter, Traders!!
Long
by Benettel
Trend Reversal Confluences: Down to Up.BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
NYSE:BAEducation
by emehoke
2
USDCAD: Shorts to 1.24000!4hr Time Frame: Reading price action we can see that we are on a long term down trend and a short term up trend that is looking like it is going to reverse. Price is testing a key psychological support and resistance zone in confluence with a rejection candle. If price holds below this zone, anticipate shorts down to 1.24000. However, if price breaks above, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
Technical Analysis, lets go short.TREND LINES: The establishment of the downward direction of prices is evident in the recent price chart. Paying attention to the upward trend line, it is obvious that from the moment it broken from the exchange rates, it did not maintain its limits because the prices did not return within it. The evolution of this fact is the development of a trend channel in which prices are falling. SUPPORT - RESISTANCE - FIBONACCI LEVELS: Observing the support and resistance levels as well as the Fibonacci levels, a lag in the downward dynamic of the last days is obvious, which nevertheless is expected. However, this development following the events creates an irritation in the market participants and gives the impression that the exchange rate is looking to find its way. The formation of the spinning top that was created in Friday's session may be a result of that nervousness. The most important part of the analysis is the sideways trend channel that has been created and the consequence with which the values follow the levels that have been created. In particular, the downtrend was stopped at exactly 61.8 FR at 1.1900 creating a strong psychological support level at this point as it was tested twice, and the prices failed to break it. Also, a strong resistance that has been tested twice and is still maintained is that of 1.1985 which coincides with 50.0FR. However, the secondary trend that has been created will give the necessary rest to the market participants. Also, from this study emerge some significant levels of resistance a) 1.2080, b) 1.2175 as well as support a) 1.1860, b) 1.1630 and c) 1.2000. TECHNICAL INDICATORS: The conclusion that emerges from the averages used to detect the direction of the trend, white and green averages, is the positive difference in their sign which indicates the beginning of the downward direction of prices. Another indication, apart from the support-resistance levels, for the lag of the downward dynamic is the path followed by the average which smoothes the price noise, yellow average, and as it seems the path followed through the bodies of the candles prevents the possibility of safe sell order. The deviation of the Bollinger Bands and in particular, the wide deviation of the lower band leaves enough room in the scenario for prices to fall to lower levels. An additional factor that currently needs time to develop is the momentum that the MACD has which is currently relatively small. PLACEMENT REQUIREMENTS: Summarizing the technical analysis, the most common scenario is that of placing a sell order. But there are three factors that must be fulfilled. First, breaking the support level of 61.8 FR at 1.1900, which is a very important psychological limit, is imperative. Second, the price must be below the yellow average, it acts as a short-term trend line. Third, the MACD must acquire a significant momentum, which also indicates the momentum of the trend, and lead faster to the required result.
Short
by UnknownUnicorn214400