$17 or $27 Oh My God Coin by Mid March- Ultimate Fib Confluence Look at the Time based Fib Extension on this bad boy from the 2020 bottom to the peak in the summer time. Combine that with a regular Fib Time Zone and we see a bottom or top is made after around 20 something days from once we reach the zone. Something nutty is about to be brewing.
Confluence
USDCHF Potential Setup!Patience is the key...
If price break and close below 200EMA, wait for retest then take the trade after 2 bearish candles confirmation. Death cross on 1H timeframe is in formation, wait for it to add confluence to your trade!
Trade wisely :)
EURGBP: Wait for Pullbacks!Reading price action, we can see EURGBP had a huge shift in momentum to the downside, clearing .88000 key psychological support. If price pulls back and tests as new resistance in confluence with signs of rejection look to short this down to .87000 key psych. If price breaks above .88000, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
USDCAD: Play the Levels!Reading price action, we can see USDCAD has been making a series of higher highs and lows. Price created a double bottom at 1.27500 key psychological and reacted however we failed to clear 1.28500. soon after price aggressively snapped back to 1.27500. If price breaks below, we will be looking for shorts down to 1.27000. If price manages to hold look for longs back to 1.28500. Due to the uncertainty of market fluidity, risk management is highly recommended.
GBPAUD: Longs to 1.80250!Daily Time Frame: Starting on the higher time frame we can see price has cleared strong areas of resistance and testing as new support. Reading the previous daily closure, we can see that price is reacting to 1.78750 key psychological support.
4hr Time Frame: Scaling down we can see price is testing support in confluence with the trend. If price manages to react, we will be looking for longs to 1.80250. However, if price breaks support and the uptrend, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
ZEEL - At major confluence ZEEL is trading in a wide Bearish rising wedge .
And currently at the support of major Sell trendline and at the demand zone .
Looking to SHORT below the zone breakout after retest . Looking to BUY if confirmed with a price reversal pattern (lower TF) or candle stick catalyst on the confluence with good volume and momentum.
Potential Shorts50 EMA confluence + key level. To go short. I'd like to see a break of an inner trendline.
GBPAUD LongJust sharing a position I have just taken on GBPAUD long.
Price has broken out of the descending triangle and has managed to hold momentum outside of this pattern. It has had a lot of volume behind it so there WILL be a retracement in price - Not to worry though.
GBP is strong across a lot of currencies, and AUD weaker across the pairs I follow. Also there is no AUD or GBP news due today.
This gives me lots of reasons to believe that this is a good trade.
Stop loss is just under the large daily breakout bar giving us plenty of room for adjustments. TP is at the top of the triangle.
This is a 3 to 1 reward to risk trade. Happy to take the risk with all these things in my favour.
If price shits itself and drops back into the triangle, then I only loose 1% and I'm hardly going to care.
GBP/CAD analysis price rejected the long term downward trendline previously which was also in confluence with -27% retracement fib, we could now be seeing a lower high being formed to additional confluence to confirm a more aggressive leg towards the downside.
risk/reward 1:1.7
Nas100bULLISH OUTLOOK FOR NAS100 AFTER THE DOWNWARD RALLY WHICH WILL ACT AS A RETRACEMENT OF OUR SIGNIFICANT ZONES. LOOKING TO TAKE LONG POSITIONS AT OUR CONFLUENCE REGION 12990 IF PRICE MAY DECIDE TO FALL TO THAT REGION.
Conflunce Level | USDJPYThe movement of prices to historically low levels has created an imbalance in the forces of supply and demand as well as in the sentiment of investors. The corrections created in the current downtrend channel give the opportunity to apply a Fibonacci system consisting of a Fibonacci Retracement and a Fibonacci Expansion.
This system has provided a confluence level which may be a critical turning point for the subsequent course of exchange rates.
Specifically, this point appears at the price level around 103,100. Successful breakout of this point can lead to further price declines to even lower levels. FX:USDJPY
EURGBP: Are Bulls Back?Daily Time Frame: Starting on the higher time frame we can see price is testing a strong area of demand as price has reacted multiple times from this zone in the past. Reading the last few daily candle closures, we can see price is showing signs of slow down and potential reversal if we hold.
4hr Time Frame: Scaling down a time frame we can see price has had a bullish run and is potentially setting up for a reversal formation. If price manages to hold above .88500 key psychological support, we can see price rally to .90800. Due to the uncertainty of market fluidity, risk management is highly recommended.
AUDJPY: Read the Clues!6hr Time Frame: Reading our price chart above we can see price is trending up with that being said we should be looking for long-term buying opportunities. Reading the data, we can see time and time again price has faked out in one direction and snapped back in the opposite direction causing trader to get enticed thus generating more liquidity. Once you read the clues left behind you will be able to understand what the market may do next. AUDJPY is showing strong signs of confluence to the upside and if it holds above 80.000, we will be looking for longs. Due to the uncertainty of market fluidity, risk management is highly recommended.
Eur/nzd market execution Price has progressively rose into highs, where candlestick rejections may be fluent around this fib level, if a dojo reversal sign is shown, price could reverse and find new momentum into the lows in connection to overall trend on higher timeframes.
EUR/USD market positionConfluence around the 1.2786 price region which price has respected and could showcase downside pressures.
risk/reward ratio 1:1.6
EUR/USD market positionprice could consolidate around the third bounce of the downside trendline, before conceding bearish momentum to the downside.
risk/reward ratio 1:1.8
USDCAD - Trend Continuation - Break of Triangle - MTFAHi Traders!
The market is in an overall Downtrend.
Let's begin our Multiple Timeframe Analysis with the weekly Timeframe.
Then we'll continue with the daily, H4 and hourly Timeframe.
Here is the weekly TF:
As you can see the market is in a Downtrend.
In addition, it recently broke out of an important Support Level.
Furhtermore, during the Breakout, the market is also in a Falling Wedge.
At this moment the price is doing several things at once:
- Retesting the Break of Support (Support turns Resistance)
- Price at upper Trendline of falling Wedge
- Price at resisting 50 Exponential Moving Average
Let's continue with the daily TF:
Here you can see the same situation as at the weekly Timeframe, but is is more detailed.
For example, we see, that the EMA is now underneath the Price.
But it also means, that in case of a bearish Breakout, the EMA will again above the price.
That'll push the price lower.
Moving on to the H4 TF:
In this chart we can identify a descending Triangle Pattern.
This pattern is a Trend Continuation and also a Trend Reversing Pattern.
In this case, we are going to trade the shortterm Trend Reversal.
The Support at 102.900 can be used as a conservative Profit Target.
Lastly, the Entry H1-Timeframe:
The Entry Trigger is the bearish Breakout of the Triangle.
We're looking for putting the SLs above the recent Highs.
The Risk-to-Reward is 1 to 1.8.
We recommend to trade the Retest of the Breakout.
Thanks and successful Trading :)!
EURUSD Hidden Divergence Bearish trend Continual Hi
as we had observed the Convergence in our bullish trend and it reversed the bullish trend to bearish now
We can see a Hidden Bearish Divergence with MACD and RSI, which is a sign and confirmation of Bearish Trend Continual and we can target our short for -61.8 of our Fibonacci projection which is having confluences with our 61.8 bullish Fibonacci retracement.
the Suggested TP are
1-TP=1.1605
2-TP=1.1505
please comment me your opinions
market execution: EUR/CAD analysissigns of bearish exhaustion around the 1.5490 price region, which price could consolidate around the supporting trendline and fib level and create new momentum towards the highs. Reminder, that on larger time frames price is still exceedingly bullish for euro versus the Canadian.
risk/reward ratio is 1:2
EURUSD - Detailed MTFA Description - Trading with ConfluencesHi Traders!
The market is in an overall Uptrend.
We're going to start the MTFA with the Weekly Chart.
Then we'll continue with the daily, H4 and H1 Timeframes.
Here is the weekly TF:
As you can see the market was in a descending Parallel Channel for a very long time.
Then, it broke out and started to move upwards.
After a while, it started to consolidate in a Range.
Now, we are at the second Trending Move.
The bullish Target is the Resistance at 1.25 and the bearish Target is at 1.20.
Moving on to the daily TF:
Here, the market is in an Uptrend.
It is making higher Highs and higher Lows.
But, take a look to the first Trendline:
Price was rallying up and after the Trendline-Break the market started to consolidate.
Then we have a second Trendline.
Now it is breaking this Trendline and we expect a consolidation.
The Range of the consolidation is between the Resistance at 1.22 and the Support at 1.20.
Continuing with the H4-TF:
Here you can surely identify the Head and Shoulders Pattern.
We have a clear left Shoulder and a clear Head.
The question is now: Is this a completed right Shoulder or is the market going to retest once again?
However, we also have a Neckline and we will observe the reactions around it.
Mainly we are looking to sell after the H&S Neckline Break.
Lastly, here is the H1-TF:
So, this chart may look complicated to a new Trader.
But let's devide it, so you get hopefully a better understanding of it.
Firstly: Which Key Structure do you already know from the higher TFs?
The weekly Resistance (label is there)
The pink daily Trendline
The H4 Neckline of the Head and Shoulders Pattern (label is there)
So, you already recognized those three Key Structures.
Moving on from left to right.
We have a Double Top Pattern.
4 out of the 9 speech bubbles are including this Pattern.
This one blue dotted Level on the Top is the Neckline of the Double Top Pattern.
The red circle reinforces the Double Top Neckline and Trendline Break.
We have a descending Parallel Channel.
This shows us possible valuable Areas to buy and sell.
The idea is to sell at the Top of this Parallel Channel.
But not only because that, we also have a last confirmation...
We have a 50 EMA showing bearish strength.
The market often reacts to the 50 EMA, because it is an indication for the Trend pressure.
The Trade Structure
The red Area shows the SL and the green Area the TP.
The smaller the red Area compared to the green one is, the better Risk-to-Reward Ratio you have.
We here have a RTR of 1 to 2.18.
Now you should be able to understand the confluences behind this whole Trade Setup:
- Approach of weekly Resistance / potential bounce off
- Break of Daily ascending TL
- H&S Pattern on H4
- Double Top Pattern on H1
- Active Descending Parallel Channel on H1
- 50 EMA showing bearish strength on H1 TF
We recommend to trade with a low risk, because we are trading against the Trend here.
Thanks and successful Trading :)!
AAL Retracement into Long?AAL broke out nicely from the previous resistance (now support) level on a long bullish run. Price has retraced and formed a descending triangle.
Lots of confluence to support a long here. With a TP a the previous high, just pre-gap. My entry at this stage would give me a 72% gain at a Risk to Reward of 7 to 1.
A trade with this R:R ratio means that you could have 6 losing trades in a row, and still make money. These are the kinds of quality trades you should be taking.
I'll be posting more trade ideas week on week. Follow me for more.
Pullback Setup | Broken Structure Confluences | Gap FilledLooking for longs on 0.5 fib retracement retesting previous confluences: broken descending TL, respectable ascending TL, and previous area of S&R. Long term target: 2060
intraday setup eur/usd analysisPrice is still relatively bullish on the long term aspect, we have seen some liquidity around the top of the psych price region, and we are currently seeing signs of momentum to the upside to potentially tap or break above that region. A preferred area of buying has grossed our attention around this confluent region where price could respect the trendline and fib before trailing higher.
great risk/reward ratio
