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Confluence

Fundamentals Plus Technical = Profitability over 70% > So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is -0.2 with previous data showing that actual has been greater than -0.2 for a year now with last years report of m/m being -0.4 so chances are in our favor: Now looking at Technical Analysis We have a market structure that is bullish with no previous market structure being broken according to 4h chart: we have a strong 4h support as a market in a blue highlighted zone - with that being said we have a confluence with Fibonacci being held at 38.2 ratio for my fib traders out there you know this is a PRZ or price reversal zone for trend continuations to happen while im typing this price is already moving into the bullish projection: Now on my indicators you can see on the 1h RSI that there is bullish momentum no indication that bears are in place: Trend is your friend in most scenarios: GOING TO THE 15m chart i like to call the entry chart is that we see are VC (Value chart) is showing indication that sellers are exhausted and it might be time for buyers to step in, With this trade since im a nadex trader there are two options i can take: one being very conservative and expensive at the .400 level or .600 level that i marked in lime green": Hopefully this helps you how i trade using nadex platform: using fundamentals and technicals its brief i could of elaborated my thought process but also this is my journal for quick thoughts as well :) enjoy!
Long
by Helloandtrade
bullflag target of 10480 confluence w/ risingwedge breakdwn trgtI love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown target lines up precisely at the super strong horizontal support line at 8504 we've been talking about since early 2019. This is the perfect zone for this to land on as it fills the gap on the cme futures chart as well as provides a perfect zone to bounce from. I wouldn't be surprised if I busted a fib retracement out on it it would probably line up well with either the 61.8 or the 32 key fulcrum lines. Anyways for now its still speculation that it will break down from the wedge at this exact spot but will be fun to see how close it gets to my projection. I think it will set a bear trap convincing people that the golden cross might turn into a fakeout then once its gathers enough shorts it will resume bullishness and liquidate them all. Just my guess not financial advice. Thanks for reading!
BITSTAMP:BTCUSD
by DrDovetail
Gold Miner ETF Holds Key ZoneGold miners have been consolidating for the last six months and now the Market Vectors Gold Miner ETF is bouncing at a potentially key level. GDX peaked around $28 between late October and mid-December. It then broke out and has now pulled back to find support at the old resistance. There's also some confluence with the 50- and 100-day simple moving averages at the same area. Meanwhile, the U.S. dollar index just made another lower high below its 50-day SMA. This isn't a huge surprise given the Fed's strongly dovish stance -- especially after last week's poor non-farm payrolls report AND this week's tepid inflation numbers. GDX could also serve as something of a hedge against downside in the broader market. While the S&P 500 isn't showing many clearly bearish signs yet, a lot of good news is potentially priced in. XAUUSD
AMEX:GDXLong
by TradeStation
scripts + confluence = confidence for bitcoin longboth scripts have shown great results across the 3 day bitcoin chart but what makes this last move favorable long term is: 3day 200ma below price ScriptA cloud thinning about to produce a long 'L' signal Parasar now below price 7ema and 14ema have crossed above scriptA cloud ScriptB is already a buy signal ^^^ would be a brutal bull trap to create these signals on htf and not continue to >$9k, second chance for those to ride this beautiful wave... to take advantage of these scripts please visit tradingscripts.best
BITSTAMP:BTCUSDLong
by TBTS
NZDUSD Big Short Opportunity ComingNZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list: 1. Daily shooting star with 3rd test of trendline 2. Daily RSI overbought with 4 Hr RSI bearish divergence Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550 This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
Short
by csohrab
GBPJPY Support and Resistance Trading StrategySTRATEGY: S&R Trading Strategy ID: 1209 Analysis TF: 1D Focus TF: 1H AOV: Minor Resistance Area ET (1H): Bearish Engulfing CP: Ascending Channel 1D Analysis MS: Sideways - Price is moving in a range 1H Analysis: CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of 140.597. It also looks like price made a pullback under the Ascending Channel. Price closed with Bearish Engulfing which act as our Entry Trigger (ET). Short Position SL: Just above the Minor resistance (140.618) TP: 2.19R - Just before Major Support Note: This post is my personal journal/opinion only. Please trade at your own risk.
Short
by jumpstartscript
CADJPY Ascending/Descending Channel Support Zone ConfluenceSTRATEGY: Chart Patter/S&R Strategy (Ascending and Descending Channel) Focus TF: 4H TP Target: 2.04R ET: 1H - Abandoned Baby; Bullish Engulfing AOV: Ascending and Descending Channels' Support Zone (Confluence) 1D Analysis: Long Term - Price moving inside a large Ascending Channel. Short Term - Inside Ascending Channel, there's a Descending Channel and the price approached both Large Ascending and Descending Channels' Support Zone. Pin Bars occurred on the Support Zone showing rejection of the area. There is a high probability that the price will bounce and hit the Major Resistance (Horizontal) area. 4H Analysis: Price struggled to create a new low, showing mini consolidation and price rejection of the Support Zone 1H Analysis: ET: - Abandoned Baby - Bullish Engulfing - Series of Bullish Engulfing occurred on 1H TF. These are a great sign that price is ready to bounce and go up. Note: This post is my personal journal/opinion only. Please trade at your own risk.
Long
by jumpstartscript