We see here that we have some beautiful structure, including two slope divergence, giving us some idea of a Potential Reversal Zone. Confirming that with Price action, Fibonacci Clusters and Candle Stick Pattern. Makes me feel CHF is in the dominate Role here in the pair, leading to our introductory sell to a longer term, "Possibly" Position trade for more than...
This turkey must think now that its a couple months after thanksgiving that its safe to roam the charts out in the open...however, when a deathcross turkey appears it typically tends to bring hungry bears soon after it. in 10 minutes from now we should see the 3 hour death cross occur on btc...on xrp when the 3 hour death cross occurred recently it coincided with...
GBPCHF Is about to change direction from downward trend to upward trend,Earlier H4 & DAILY showed RSI Divergence with huge bearish candle & proceeded upwards, hence where re entering an upward trend at the 61.8 fib with our stop loss at the 88.6 but you can put it at 78.6 fib
GBPJPY - > Counter-trend play Trading Bias: Long Technical Strategy: Technical Confluence -> Weekly Support Area + Broken Trendlines + Fibonacci retracement cluster
EURNZD Trading Bias: Short Technical Strategy: Harmonic Crab -> Price has reached the completion point of the Crab. *If you do not understand trading with harmonic patterns, please comment below and I will try and help you*
The EUR/JPY has moved down to an area around 125-126 that has seen price be strongly rejected from on two occasions in the past. This time the move into support coincides with an ascending trendline from 2016. Price has bounced strongly for two days since coming into contact with the trendline which gives greater validation to its importance. Technically I have...
AUD/USD Long Opportunity 4h: I have decided to take this trade if given the opportunity because it coordinates with my preset R:R . We are currently (12/24/18) at a major support level (.7038) tested last & respected since Oct 5th, 2018. We did close below on the daily this only to retest and reject from top of daily (green) demand zone @ .7072. Also, we...
Referring to the previous bit, this 4h chart shows some intra-timeframe confluence with the aforementioned 1h chart. Using multiple timeframes to validate your edge is essential to having sound trades, and trades that you can learn from. Without having a reliable standard to judge each trade by, how can you contemplate your wins and losses with any use? As a...
GBPUSD has now entered a clear trend after a third retest of shown trend line. Once we see a breakout past 1.275, we will look to enter on that confluence of 200 EMA retest as support, retest of demand zone and psychological level.
My Bitcoin Price Target for EOY 2018 = 4750 Lots of retail traders BOUGHT when price was consolidating at the 6,000 area at the key and obvious level of "support" Once price broke down and people started to see -10%... -20%... -40%+ losses on their portfolio, now we have reached an area where so many retail traders are in the mindset of "I have LOST this much...
GBPCAD Trading Bias: Short Technical Strategy: Support turned to Resistance + Fibonacci retracement cluster *Wait for price to reach the sell zone + sniper entry on lower timeframes*
Above 3 to 1 risk ratio looking good, might want to trail stop loss to the bottom, if you want to squeeze every last penny, but make sure to secure some profits as the price makes the way down towards the TP I set Ignore the stochastic, that is for something else :P Have fun JL
Confluence of Multiple Pivots, End Of Wave 3 with Harmonic Deep Crab. NZACAD Short Starting Next Week With Major Confluence
AUDCAD Trading Bias: Neutral Technical Strategy: Rectangle chart pattern
USDCAD Trading Bias: Short Technical Strategy: Harmonic Bat + Rising Wedge
As you can see from the chart price is in a clear bearish trend, and our goal is to look for a short entry. Considering that price has made an ABC correction to an important confluence zone which comprises of resistance level, 61.8 Fib ratio, the mean value and 3rd rejection of descending trendline. We will able to go short on this pair after a clear break of the...
Bullish pin (hammer) on support Confluence with 61.8% Fibonacci retracement level RSI Bullish Divergence
There has been great volume this past couple weeks! You can see we are getting some pull back. The white lines are some confluence lines that can be used as support. Lets keep on eye on this to see where it consolidates around.