Short on Retracement | Zone of Confluence-Ascending TL breakout confirmed, expecting retest
-0.618 fib retracement
-Strong resistance area
Confluence
Short on RetracementLooking to sell on the back of the broken ascending TL in confluence to our 0.618 fib retracement, previous area of S&R, respectable descending TL, and MA50 which is supporting nicely the bearish momentum.
Trade will not be valid if we close ABOVE the 0.618 fib level
Short Setup on Pullback-Ascending TL breakout, retest and continuation expected
-0.5 fib retracement
-Strong area of S&R
-MA50
Short on Pullback-Ascending TL breakout, retest expected
-0.618 fib retracement
-strong area of S&R
-MA50 supporting the momentum shift
AUDJPY: End of the Trend?4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom formation. However, if price breaks back to 75.750, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Pullback Short Setup-Respectable descending TL, retest expected
-0.5 fib retracement
-Previous support area now acting as resistance
-MA50 supporting the bearish momentum very well, expecting price to continue its trend downwards!
Short on Pullback-Ascending TL broken, retest expected
-0.5 fib retracement
-Previous area of resistance
-MA50 in confluence to other technical confirmations
-Strong zone of confluence overall
DXY in line with GBPUSD ideaLooking for selling into order block, bounce around support and then continuation upwards towards resistance. Idea in line with GBPUSD sells.
Long on Pullback | Strong Zone of Confluence-Respectable ascending TL, retest expected
-0.618 fib retracement
-Previous are of S&R
-MA50 potential momentum shift indication
QQQ Fibonacci confluence A close below the 50sma is likely.
Fibonacci retracement levels are lining up perfectly with the simple moving averages; creating confluence strength.
100sma is lining up with the 38.2% level.
200sma is lining up with the 50% level; which also coincides with pre-covid levels.
Long Setup on RetracementLooking for a pullback to retest the respectable ascending trendline in confluence to the 0.618 fib retracement and previous area of support within the hourly structure.
Breakout Confirmation | Long on Pullback SetupLooking for a pullback to retest the broken descending TL in confluence to the 0.618 fib retracement and previous area of support. SMA50 is also supporting the momentum shift pretty nicely and I'll be targeting the 1.09600 resistance area for TP!
Intra-Day Short Opportunity on Pullback-Ascending TL breakout, retest expected
-0.5 fib retracement
-Previous support now acting as resistance
-MA50 momentum shift
GBP/USD PullbackCable lately broke a pretty significant trendline and weekly support. I am looking for price to come to my liquidity are and pickup some orders before we could see a trend continuation. Targeting next weekly key level to be met at 1.28135. Always remember: Trade with the trend and higher Timeframes #tradesafe #theforexdaddy
Short Opportunity on Trendline Retest-Respectable descending TL, looking for a retest
-0.618 fib retracement
-Previous area of S&R
-MA50 momentum shift
Long on PullbackLooking to open longs on a pullback to retest the ascending TL in confluence to the 0.618 fib retracement & previous broken resistance which is now acting as support. SMA50 is also supporting the bullish trend nicely after the huge momentum shift early in the month. I’ll be targeting 1.79000 resistance zone assuming we see a rejection from my outlined confirmations.
Short on PullbackLooking for a pullback to retest the recently broken ascending TL in confluence to the 0.5 fib retracement and previous area of S&R
market execution: GBP/AUD analysisprice is respecting our trendline, we could see price create a new low into our extension region
-hedging a smaller sized trade with the community on this
risk/reward is great!
XAG/USD Silver AnalysisUS Markets are closed for Labor Day Holiday so there is not much happening today. Looking at Silver, we can see a Consolidation taking place after the big fall in metals last week.
Sellers are in control today. The Confluence of Resistance around the 27.00 area was able to stop price from going up at the beginning of the London Session today. Weak Resistance at 27.00 and Pivot Point Resistance at 27.22
Chart Pattern formed: Rising Wedge (Bearish) H1, Rising Wedge (Bearish) H1
Confluence of Support: Verified Support at 26.00 area and Pivot Point Support S1 at 26.31
There is a Strong Confluence of Support around 26.00. This is the Sweet Spot..We have Four (4) types of Support in this area.
Trendline Support: We have Trendline Support at 26.60 which is the Major Trendline from 28th July 2020 (The Red Trendline).
Moving Average Support: H4 Chart: Price in between 100 SMA and 200 SMA (Buy Area). 200MA support is at 26.29
Pivot Point Support at 26.32
Verified Horizontal Support in the 25.90 - 26.00 area.
Trade Call:
Silver is still in a Bullish Movement since the 100MA and 200MA crossed over in April. We should be looking to buy in about 1-2 days from now when price reach the confluence of support. Buy when price is in between 25.98 - 26.37
Long on PullbackPotential long opportunity on broken descending TL retest in confluence to our 0.5 fib retracement and previous level of resistance which is now acting as support. MA50 is also supporting the momentum shift pretty well so I’m hoping for a rejection near that area of confluence
GBPCHF H4 - Long Trade SetupGBPCHF H4 - Looking to retest that S/R zone and trendline support, ties up nicely with our fib zone and monthly key level too, 1.21 is a whole number too. Multiple confluences stacked here.
Ethereum Road to 500sBITSTAMP:ETHUSD Had a successful break from the channel,as you can see the Elliot Corrective wave breaking out. Facing small resistance now and retracing back from Fibonacci 50/61% zone, closely watching this. I would suggest to secure positions now and do not FOMO in. Buy only on pullbacks so I secured positions on 370s. If things go south, and there is clear signs there is price rejection then we can look for short positions during the dip.
SHORT GBP/AUD.SHORT GBP/AUD, ***IF, there is a clear rejection around the current level, wich is on a key level and on the 61,80% level of the fibonacci. The market reached this fibonacci level and seems to be rejecting it. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
