dlbsanborn

dlbsanborn

Gold has seemed to put in a double bottom on the daily chart. It's approaching a confluence area of lower timeframe fib, structure and minor trendlines. Looking for a retest of the recent highs at a minimum.

dlbsanborn

Looking at the daily chart we can see price has been testing a downtrend line as well as a 61.8 fib. Additionally, there's decent resistance structure at these levels. See comments below for lower timeframe analysis.

dlbsanborn Updated 

GBPJPY has filled a potential channel and has met some additional confluence at the top. There's fibs, structure, and profit targets around this channel top.

dlbsanborn Updated 

GU has traded back up to an interesting level where I'll be looking for potential shorting opportunities. There's previous structure, fib, and channel/trendline resistance present.

dlbsanborn Updated 

Nice intraday confluence at the bottom channel, fib confluence, and potential support zone.

dlbsanborn Updated 

Yesterday price pushed to to the -23.6 and 161.8 fib profit targets from recent moves. This was also right around the most recent high to low 78.6 fib. There's obvious selling pressure/profit taking from these levels currently. This is my plan for the future depending on which pathway it decides. I have a swing position I'm holding from 148.40s, but I've...

dlbsanborn

AUDUSD broke out to the upside after a consolidation period in which price squeezed for some time. Recently, bearish momentum has returned price to an interesting area where I'm looking for long positions for my swing trade account. Giving room for price fluctuations due to it being a weekly chart, I've expanded my lower trendline to a "zone" in which, along with...

dlbsanborn

Price has returned to a weekly zone and there's trendline and fib confluence. The CAD rate statement is shortly so there will be a push one way or another.

dlbsanborn Updated 

Price is trading at structural area with a daily trendline, minor trendlines, and a fibonacci level. I can see a potential for increased selling pressure.

dlbsanborn Updated 

Price has broken the recent uptrend line and is retesting it, as well as a fib cluster and structure zone. This may be a decent area to begin looking for decreased buying interest. Updates will be provided in the comments section.

dlbsanborn

There's a nice area of confluence that consists of a fib cluster, trendline, and supply zone. May create a nice shorting opportunity.

dlbsanborn Updated 

Purely a trendline and previous structure trade. I'm not risking much to see if it pans out for a quick reaction off this confluence area.

dlbsanborn Updated 

Chart is self explanatory. Lots of lower timeframe hints at a potential move up.

dlbsanborn Updated 

Area of confluence stalling price. This is a good potential area for day traders to take advantage of the ebb and flow the market produces.

dlbsanborn

Exhausted buyers recently lost control and sellers were able to break the immediate uptrend. Price has recently traded back into some previous structure that lines up nicely with a a fib and potential minor trendline resistance. I expect selling pressure to potentially increase around this area.

dlbsanborn

AUDUSD had a strong bullish weekly candle close coming out of recent levels. Price is currently trading back down into previous structure and nearing structure that would complete the right shoulder of a potential inverse head and shoulders pattern. Aggressive entries would be around the completion of the right shoulder. Conservative entries would be after some...

dlbsanborn Updated 

Confluent area at recent downtrend line, previous structure, and 61.8 fib and -23.6 profit target.

dlbsanborn Updated 

Currently GJ is being confined underneath the December 15th, 2016 daily candle high resistance of 148.50ish. Add a trendline and minor structure levels that are lining up around this area, I'm currently trading short. However, Price has recently bounced off the 50% fib retracement of the impulse move that broke the long consolidation. For this reason we have to...