MY REASONS FOR THIS MOVE: 1.STRONG FORECAST US DATA TODAY 2.MOMENTUM TO THE UPSIDE 3.CANDLESTICK ENGLUFING ON 1HR
THE REASONS I HAVE FAITH IN THIS MOVE: 1.WEEKLY FORECAST LOWER THAN PREVIOUS WEEK (HIGHER THAN FORECAST) 2. TWIZZER BOTTOM 3. TRENDLINE PENETRATION
MY REASONS: 1.THREE RISING SOLDIERS 2. MOMENTUM 3. DAILY BULLISH FLAG
CONFLUENCES ARE 1. RISING WEDGE REVERSAL PATTERN 2. DAILY ENGULFING CANDLESTICK 3. US INDEX IS AT DAILY RESISTANCE
CONFLUENCES ARE 1. THREE RISING SOLDIERS 2. WEAK BEARS
MY CONFLUENCE ARE 1. Positive Expectation for Canadian news on Tuesday 2. The Bullish pin bars on the daily 3. The penetration of the bullish trend line
PLENTY CONFLUENCES: 1. THE MARKET STRUCTURE 2. THE SUCCESSFUL TRENDING LINE ON THE 4HR TF 3. TWIZZER TOP ON 4HR TF 3.THE BEARISH FLAG CHART PATTERN
Going long because cryptocurrencies are officially developing transition track systems in 12 countries. This provides a confluence for the crypto market being several countries are backing the industry finding ways the countries can benefit from such a currency.