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Confluence

NZDUSD waiting for the sell setup to formon DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break downward. we also have a regular bearish divergence adding more confluence to our setup.
Short
by TheSignalyst
SILVER - XAGUSD waiting for our trigger to sellSILVER is sitting around a strong resistance zone so we will be looking for objective sell setups on lower timeframes. on H1: SILVER formed an objective channel in red so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to consider it our trigger and sell. we also have a regular bearish divergence on MACD adding more confluence to our sell setup. meanwhile, until our sell setup is activated, we would be overall bullish on SILVER and it can still test the upper green level or even higher before going down.
OANDA:XAGUSDShort
by TheSignalyst
GBPUSD- Strong Bearish Momentum - Strong bearish signals where if we enter with a lots of confluences and high probability setup, then we could see that bears will heavily take control of this pair. - There are two possible setups which I can see could potentially be very good entry points to enter this pair. -The first set up will be to enter on the the reversal of the 23.6% fib level which in confluence with the supply zone. -If the first setup is unsuccessful then the second set up should be aimed at looking to enter the reversal at the 50.0% fib level which is also in another confluence with my other supply zone. - Another confluence is the 50EMA which is above price which indicates that GBPUSD is currently in a downtrend and we should only be looking for short positions. - Looking at the COT report, shows that an average of 57% of large short positions of non commercial institutions been placed for the GBP whilst on the other hand 67% of non commercial institutions have added long positions for the US Dollar. This indicates that we could see GBP getting weaker whereas US Dollar is getting stronger and this is another confluence to go short on GBPUSD. -We should be looking for a strong bearish candle as confirmation to enter this pair depending on price reacts to the two levels I have mentioned. Please make sure to follow, like and comment your ideas/opinions on the GBPUSD. Have a good trading week!
Short
by LDForex_
RTX Bullish Cypher, Dave Portnoy is early! I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up. I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long would be C to D retrace of .382 and .618, but I will leave half on for trend continuation higher.
NYSE:RTXLong
by NotIButChrist
2
AUD/JPY - 200EMA + Support Bounce Confluence Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows bullish correction phase could be ending as it is sloping downwards (bullish signal) Price has repsected 200EMA as it has aligned with 74.50 support and shown strong rejection to the upside D1 Timeframe shows a clear break & retest of this 74.50 support, indicating further bullish momentum When Should We Enter? I'm anticipating some consolidation as the AUD is weak on smaller timeframes such as 1H & lower Waiting on a potential double bottom to form or a breakout of my consolidation area before looking for BUYS Look for BUYS once there is a confirmed double bottom or confirmation of a breakout of the consoldiation area
Long
by AI_Expert_Advisor