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Confluence

Trade setup: EUR/GBP analysisadding more positions to this trade, momentum is more dominant towards the downside, signs of reversal have risen the validity of this trade e.g head and shoulder pattern.. price action is also consisisting lower highs and lower lows. I mentioned more details as to why im scaling this positions previously from the perspective i gained from the higher timeframes. -message me directly to privately join my team, and get more intra-day signals thanks.
Short
by danresdidualfx
Medium-term trade setup: EUR/GBP analysisprice has overextended into the highs of 0.9000 which is a key psychological level, looking closely at candlestick behaviour we see wicks rejecting the highs showing a slowdown in momentum into the regional area of 0.9000 which has several confluences acting as a resistance. Fundamentally, the strength of the sterling ahead the next couple of weeks(lowered chances of no-deal Brexit) would be the catalyst needed to outperform the EUR and reverse to areas of support like 0.88000. Great risk/reward trade 1:5 trade safe my ppl!
Short
by danresdidualfx
ETH: Possible entry hereThis appears to be a decent entry point for those looking to get into the ETH market. We're bouncing off the golden pocket of the FIB retracement, bottom of channel, etc. If we pop above that pivot, I believe we're headed to test the read resistance box and R1 pivot again. If I were day/swing trading, I would enter here and take profits at $360. I don't trade BTC or ETH in this price range. You never know where the crypto market is going to go. I'm just making buys at retracements whenever possible and holding on to them.
BITFINEX:ETHUSDLong
by infbp22
Weekly Market breakdown- EUR/GBPThis is a potential setup that has definitely interested me, this is because the price has overextended as we've seen many consecutive bullish weekly candles, however, the price has approached monthly resistance and key liquidity region meaning there may be some profit-taking by institutions around this region, but to a lot of traders price may be easily displayed as a liquidity pool zone. Therefore, wait upon signs of rejections around this zone that conveys exhaustion in buying power before taking possible shorts. Medium targets maybe 0.8000-0.7000, this is in confluence with the 50% fib retracement zone as our point C area of the pattern.
Short
by danresdidualfx
2
BABA- Nice entry point, decent Risk:RewardBABA has been correcting for some time after it's nice surge. Never mind the trade wars, it's showing healthy correction and possible continuation. We have confluence near this point with the bottom of the channel, major .618 (golden pocket) FIB point. Some signs of possible movement upward are: bullish divergence on the 3D chart, TD sequential at 9 on the downtrend, L-RSI bottoming out, etc. The predicted increase to $200+ would put a profit gain of 30+% on a swing trade.
NYSE:BABALong
by infbp22
GBPAUD Retest Neckline, Reversal off .382 & .618 Fib ConfluencePrice was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection: 1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg 2) This level correlates precisely with the .618 retracement of the Impulse Leg 3) This level is a perfect retest of the broken Head and Shoulders Neckline. 4) This level is also surrounded by a strong area of structure (highlighted in yellow) Best of luck traders! Please support my page by Liking, Commenting, and Following me. I really appreciate the motivation! Contact Me: Telegram: @AidanMDang LinkedIn: www.linkedin.com Or simply send me a message on Tradingview! See my recent GBPAUD Posts Below:
Short
by AidanMDang
2
GBPAUD Broken and Retested: Flag, H&S, And Ascending TrendlineAfter reversing off of the .5 fib retracement, GBPAUD is giving us a nice opportunity to follow the trend further downward. We have multiple confirmation signals including: 1) A broken and retested ascending trendline 2) A broken and retested Bear Flag 3) A broken and retested Head and Shoulders Pattern We also have a potential AB=CD pattern with the D point converging with the 1.414 extension of the AB impulse leg. First target will be the most recent support. Second target will be the 1.272 extension of the AB impulse leg this area is quite a strong area to take profit because the 1.272 extension has nice confluence with the next level of structure Third target will be the 1.414 extension of the AB impulse leg. Final target will be the 1.618 extension of the AB impulse leg, a level which also shows strong confluence with structure. Please Like, Comment, and Follow Goodluck!
Short
by AidanMDang
1
EJ Harmonic ABCD Pattern 1.272 Confluence, Broken Rising WedgeEURJPY is providing us with a great opportunity to sell the market after a clear break of a rising wedge and reversal from the .382 fibonacci retracement. If the trend continues downward, my target will be the D point, which provides PERFECT confluence with the 1.272 extension of the bearish impulse leg. Keep in mind there is a strong level of support around the green highlighted region. We must break this support for price to reach our target. Goodluck!
Short
by AidanMDang
5
EURUSD Trend Continuation Towards Recent LowsOn EURUSD we have an opportunity to short the market. Price was rejected at the .618 retracement of the large impulse leg, and the .382 retracement of the recent smaller bearish impulse leg. Along with the rejection at the fib confluence levels, we have rejection from the blue descending resistance line. Price has also broken below a strong structure level at 1.11767 My initial target will be the recent lows, and my secondary target will be the 1.272 extension of the most recent bearish impulse leg.
Short
by AidanMDang
AUDNZD Head & Shoulders, Strong Structure+Fib Confluence LevelsAUDNZD is presenting us with a great opportunity to sell the market. Price recently reversed off of the . 382 retracement of the most recent bearish impulse leg and began its move back downward. This price action has established a nearly completed Head and Shoulders pattern, which provides us with additional opportunities to sell the retest of the broken neckline. If the Head and Shoulders pattern is completed, and price breaks the neckline, I expect price to reach my first target at the 1.272 extension of the most recent bearish impulse leg--a level that has strong confluence with: 1. The .5 retracement of the large bullish impulse leg. 2. A historical level of support established on April 11, 2018 IF price touches this level, I expect a bounce upward to retest the neckline of the Head and Shoulders pattern followed by movement downward once again. IF price reverses downward after retesting the neckline, my final target will be the projection of the Head range (shown in blue). This level has strong confluence with: 1. Recent resistance between the 18th and 19th of March 2019 2. A strong historical level of support established on June 22, 2017 Goodluck!
Short
by AidanMDang