EURJPY 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...
On 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...
AUDNZD 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...
Multiple time frame confluence pointing towards a bearish bias. H4 has multiple wick rejections at the 78.6% Fibonacci region, in further confluence with the previously broken trend-line structure. Positive carry trade. SL: 1.6970 TP1: 1.6710 TP2: 1.6440
M1: We have an ascending triangle (Bright green line) W1: We are in an uptrend We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards D1: Uptrend (Again retracement at Fib 50%) Inverted H&S which we broke through Price has been consolidating for a while BUT waiting for the bounce at the 111.711 price level...
Strat working better I see eu going short with confluence
W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib...
Broken bearish trendline on multiple timeframes and looks to retest at a monthly support Entry at 1.57460 TP 1- 1.58680 TP2- 1.59980
With the DXY in a crucial area laying in line with the 78.6 % Fibonacci level as well as a potential head & shoulder pattern, we may see this pair shoot to the upside. However, we have breached the descending trend line and closed above. This may be a false breakout or we will see a break & retest to push price higher for the USD. If the latter occurs, we should...
Confirmations for short: MACD divergence Butterfly Extension completed Bearish pinbar Fib Channel confluence
AUD/USD Has recently had a lot of manipulation price has currently rejected the zone of 0.7100 and closed beneath I believe it's time to fall to the down side. price has currently completed a lower high on the higher timeframes with a clean Trendline rejection including more patterns. I can see price going to the Trendline and the Resistance for one more retest...
GOOD RISK REWARD POSTING THIS ABIT LATE AUSSIE NEWS AT TIME OF THIS . NICE SWING UP .. HOPEFULLY WITH SOME FORCE :) ENJOI
I wanted to verify my views on GBPJPY as to whether or not it is truly on the uptrend. I was high yesterday so I doubted my report yesterday. But with a sober mind I can say price action is definitely bullish. Price currently is on my green 38.2 fib, which is slightly above my orange 38.2 fib. Odds are if price does not move upward it will trend sideways....
Price will move towards my 23.6 Orange Fib level @114.311. From there we will see price action towards Large Quarter Point 145. There is also confluence at that point with two fib levels, 78.6 and 50, that can serve as the top and bottom of the target price zone. Profit Size: 68.6 Pips
on the nzd/chf set up, I see both a bearish and bullish set up. on the weekly, it showing a massive bearish trendline with confluence of a resistance zone which is shown on the 1d/4hr chart. Price seems to respect the resistance zone by forming a double top and should hopefully forming another one as well if price decides to create that. however, price seems...
So the big headline in the queue this day again involves a confluence detector. Its being applied to Bitcoin. For the sake of amateur Journalism, lets see what confluence is: Google defines "Confluence" as follows: "the junction of two rivers, especially rivers of approximately equal width. "here at the confluence of the Laramie and North Platte...