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.
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...
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...
Volume shows VERY strong bullish buildup and weakness in the down movements.
- Breakout of parallel channel - Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210) - EMAs crossover with price action below supporting bearish bias - Bearish sentiment on sterling with uncertainty looming over brexit - Price seems to be heading back towards the 1.3000 psychological level - 60 pips target with 30 pips stop
OANDA: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...
W1 - Continuing bullish divergence. H4 - We have a confluence zone that has formed, hidden bullish divergence. Price has currently reached this zone and until this zone holds, we may now start looking for buys with bullish evidences. Invalidation: If the price breaks and holds below this confluence zone, then this setup will be invalidated.
Lots of confluence of support and resistance at approximately $8388 on 8/08 at about 12 UTC. These 'energy points', or confluence, can be a strong attraction for price action. I've been watching them for a little while, and they fascinate me.. I've seen price action do some pretty impressive stuff to hit these pitchfork points.. I am very curious to see if...
This is my first idea. I'm not a trained anything and you should take this information as entertainment, not advice. Just noticing a confluence of events. 1. On the 4h we're looking to move to the top of the cloud 2. Which coincides with horizontal support (purple dotted line) 3. Fib .382 retracement level 4. bottom of daily cloud. Are we headed into the purple circle?
USDJPY 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...
Triple fib confluence (x2 618 x1 127) at 158 even handle looking for possible bearish continuation Very similar to AU trade taken last week Plan your trade trade your plan!!
Valid 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...
Price in down trend coming right up into a big time fib confluence zone at the 73 even handle Looking to at least retest previous support and look for extended targets into 724's Can be an awesome trade if it works out with great R:R and good extended targets if we get past first target Plan your trade trade your plan!
H4 - We have two trend lines confluence point that has formed and the price has currently reached it. We also have Hidden Bearish Divergence. We may now look for more evidences of bearish pressure and start looking for sells.
The minor up momentum on this pair seems to be dying out as sellers look to take back control and push price DOWN. Blue level is a possible entry point for my trade but I'm a price action trader!!! I'll react, or not react, to what price does when the market opens! Happy Trading everyone! :) stellarxtrading is where its at!
So GBPAUD gave us a nice shark pattern with its D point right at the trendline , a area of resistance AND at the 61.8! so this means price has a nice chance of going down! Also the MACD is showing me that this pair is losing its momentum to the upside. as price is close to the resistance level you can put in a tight stoploss
see chart for details, three areas of interest for this dollar bears to look at for targets, or for the bulls to look at for areas to enter longs.