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Confluence

Finding The Bottom? On this chart you will see a couple things. Moving average displayed in a transparent red and green with dotted lines. A form of Stoch on the top and triple RSI on the bottom. I have 4 support lines charted out to watch for currently. The whales will defend that 5750 area and i wouldnt worry to much unless its a straight punch through. There are 3 confluence lines above and that is basically a fib retracement drawn from the last 3 highs where fib lines are right on each other. Those will serve as resistance areas prices. I will keep diving into this with updates and keep yall updated! Have a great weekend, make sure you stay disciplined and be careful!
COINBASE:BTCUSD
by 2Legit
2
EURCAD SHORT Scenario.I don't normally look at this pair, But Papa Smurf Sent this trade idea Through Swipe Trades app, Piqued my interest. I have come to the same conclusion that this is becoming a falling pair< And I'll explain my synopsis. Fibonacci Levels are Met at 61.8% - Nice structure behind it, Doesn't look like there, will hardly be any resistance to the fact that,,, It also kissed the trendline, Maybe a little early but I have A sentient sense that now is a good time to enter into the Short position. Thank you Guys! #Ozark... P.S. Appreciate Rodneys work!
Short
by TheOzarkTrader
(2D) The eventual right shoulder $eurusdOANDA:EURUSD Now threatening previous structure resistance, it's also the bullish alt bat pattern default first target, the 38% fib retracement. The inverted head and shoulders default projection will put the price at previous structure support forged last March 1st, positioned at 1.2164. The bearish deep crab pattern positioned at 161.8% extension on hold at 1.21, at confluence with the golden ratio at 61.8% fib retracement and also at left shoulder highs from September 8th 2017 to form the so expected and eventual right shoulder. Trading below the head and shoulders neck zone will increase the probability to trade lower, and trading below the inverted shoulders, as previous support, will also increase the probability to retest the previous support, the bottom, or even lower. Safe Trades;
Long
by Andre_Cardoso
USDJPY Bat Harmonic Pattern Near completion - SHORTUSDJPY pair has been on a downtrend on Daily timeframe with Lower Highs (LH) and Lower Lows (LL) forming. The pair is in a valid downtrend on H4 timeframe as well making LHs and LLs and we see clear rejection at point A and C of Harmonic pattern validating downtrend line. Recently price formed a LH at the 0.618 Fibonacci retracement which is a strong reversal point. Expect price to complete Bat Harmonic pattern by the end of this coming week. Price can potentially retrace to 0.786 Fibonacci and reject on downtrend line before meeting expected Take Profit (TP) line, however last couple candles show signs of severe bullish exhaustion at key 0.618 Fibonacci reversal level. 2:1 reward to risk ratio chasing 100 pips. Please Like and Share post if you would like to see more of my analyses
Short
by Alex4xnco
Bearish Cypher Harmonic Pattern (Valid on D Timeframe) - ShortValid Cypher Harmonic on Daily timeframe Daily: Bearish Engulfing Pattern formed at 0.786 fibonacci retracement at which it completed the Cypher Harmonic. Wick on Daily timeframe formed a double top and rejected at supply zone. 1 Hour: Break of trendline @ 111.426 on 30/08/2018 Retest of trendline on shorter timeframe (15min & 5min) @ 111.436 - FIRST SELL OPPORTUNITY First Take Profit (TP) target met at the 0.382 Fibonacci retracement of point C and D of harmonic pattern @110.962. Price is now reversing with bearish engulfing pattern formed at the 0.382 reversal point - SECOND SELL OPPORTUNITY Second TP target is at 0.618 fib Fibonacci retracement of point C and D of harmonic pattern @110.539.
Short
by Alex4xnco
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider: -Fib line -Top of the daily cloud -Descending resistance trend line -Daily pivot Resistance 1 -Descending resistance on RSI We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
Short
by infbp22