With Bitcoin Halving in the next 2 Days, we look into our analysis for confluence to support the bullish run about to take place. We have strong weekly, Daily, and H4 Supports being rejected, 78.60% Fibonacci Level Rejection, and the lower band of Bollinger Bands Being respected giving us enough confluence to go Long.
EURGBP is Currently rejecting a strong support on H4 with Bollinger Bands along with the stochastic Oscillator giving us the confluence to go long. Proper risk management is applied in case the market breaks below the support.
After a strong bullish close on daily, we are looking to take EURUSD to the trendline as it just broke above the resistance and turned into support with EMA's confirming the buy and a negative correlation to the DXY (Dollar index) as it's going down giving us more than enough confluence to support long orders.
Looking to short US30 as it rejected an ATH psychological level and the 8 EMA just crossed over the 14 EMA giving us more confluence. Our take profit will be 61.80% FIB Level.
With the DXY (Dollar Index) shooting up, we look to buy USDJPY in correlation to the dollar and the EMA'S combined with the broken resistance now turned support give us more confluence.
Looking to short AUDUSD as it rejected a trendline and 38.20% FIB Level. We will also be monitoring the DXY(Dollar Index) for correlation and more confluence. A break and retest below 0.65200 psychological level support will give us a proper confirmation to go short. I will be shorting this pair now but with extreme caution and add more orders upon the break and...
Gold tested and rejected a weekly resistance level with a huge wick then closed off with a bearish englufing candle on the daily timeframe giving us confirmation to go short.
With the DXY (Dollar Index) falling; USDCHF broke a support now turned into a resistance, retested it and now we're looking to take short positions if it closes with a bearish engulfing candle on H4 or rejects the current resistance.
After breaking a major resistance now turned into support, Nasdaq broke a strong trendline too and came back to retest it which gave us our entry.
Looking to buy EURGBP as it breaks and closes above a support level but still has a trendline acting as a resistance. Looking to buy once it has broken above the trendline and retested with EMA's also giving us confluence to go long.
NZDUSD broke and retested a weekly support now turned into a resistance. EMA's have a correlation from the weekly to daily and H4 timeframe. All our technical tools are giving us the confluence to go short. As an extra confluence and confirmation; the DXY (dollar index) is currently on a bull run leaving NZDUSD having a negative correlation with the dollar since...
With the previous Daily high broken, we're looking to take USDJPY higher. We can expect a drawdown to the previously broken support before we head on up properly.
A small H4 zone has been broken and the market came back to retest it giving us short opportunities.
USDCHF Broke a daily resistance and trendline. A retest and rejection upon the broken trendline confirms Long positions are ready to be executed.
With both EMA's showing a correlation on the Daily and H4 timeframe signaling a strong upwards momentum. A trendline and H4 support are being retested after a break and closure above both levels. CADJPY is currently giving us the confluence to go long.