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Confluence

NZDUSD - Potential Trend Change - Bullish Flag PatternHi Traders The market was in a big Downtrend, but now it seems to reverse. Let's go one by one on what happened and what it potentially means: The market is going down on the left hand side. It makes lower lows and lower highs. During this process, a (dashed) Trendline occurs. After that, a Range (purple Box) developed. This Range got broken bearish, but shortly after that, a big up-movement occured. This up-movement even broke the upper Resistance of the box. This time, we have a higher high and think about it: In a downtrend! The market starts to retrace in a flag. It also formed a low - a higher low. Now it seems to be a Bullish Flag Pattern - near the big important Trendline. If the market breaks this important Trendline, it simultanouesly breaks other Keylevels and the market will continue bullish. We recommend to buy as low as possible for the best chances to hit the TP and for a more favourable RTR ratio. Thanks and successful Trading :-)!
Long
by swissmoneymakers
6
Bullish Breakout for Total Crypto MarketcapLight has appeared at the end of the tunnel possibly for cryptos as the holiday weekend here in the US has witnessed bulls quietly breaking an ice line that has kept the crypto market in the doldrums for the last few months. A full body weekly candle close this week will need to confirm the breakout but so far so good. The 1.356 trillion dollar area appears to be calling our name as a nice bounce/confirmation could occur there due to the amount of potential bullish confluence that resides there. Again, the weekly candle close will be key.
CRYPTOCAP:TOTALLong
by TradeVibez
Trade Idea | NZDUSD, Long Position, MARKET MAKER'S Confluence.If you look closely entry was made on the 22nd of June. has been playing out well and perhaps would have taken profit on the 25th June, just before a key zone from 0.71000 to 0.71250 but stayed in as it had not yet touched the Red line (50MA), though the Blue line(200MA) most often is where one should close the trade as this MA signifies a change in direction. Yet we are looking to see a Major Market Maker's play, that being the major confluence to stay in the trade as we see ("W") formation. This signifies a continuation to the upside, as we can see after the 4 red candles there is 1 long green. This week we look to see this trade take profit at (50MA) touch which the set (TP is at 0.71606) and (SL at 0.69003) a 1:2 RRR.
Long
by moosa777fc
1
CONFLUENCE TRADING | YOUR KEY TO ACCURATE ENTRIES 🥇 If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish; it should match lower highs if the market is bearish). Once the trend line is confirmed by at least two touches and consequent reactions , you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line. 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish, swing high to swing low in case if the market is bearish). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line. In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
2
CONFLUENCE TRADING | YOUR KEY TO ACCURATE ENTRIES 🥇 If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish; it should match lower highs if the market is bearish). Once the trend line is confirmed by at least two touches and consequent reactions , you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line. 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish, swing high to swing low in case if the market is bearish). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line. In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Education
by VasilyTrader
24
Small Caps Are Outperforming AgainQQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a flip is taking effect again. This chart shows relative strength of the Russell 2000 Small Cap ETF against the S&P 500. Notice the long period of outperformance that began in October as investors anticipated (and then acted on) the economic recovery. Also notice the period of relative weakness in March as traders “sold the news” about reopening. Small caps have consolidated since then, but now are starting to outperform again. Second, notice the series of higher lows between May 12 and May 25 as IWM was unable to close above $221.50. This ascending triangle resolved to the upside the next session, followed by breakout late last week. Interestingly this pattern neatly falls along the 100-day simple moving average (SMA). Finally, MACD is turning positive again. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:IWMLong
by TradeStation
1
+55 pips and counting ! GBPJPYCheck my previous signal post below , go through it and make sure you understand the reason behind my Short long (long sell) idea. Insert the Bollinger Band indicator into your chart and in H1, you'll notice that just as the bands contracted around 153.950-154.120-ish, it started expanding when price started impulsively bullishing to 156+. You'll also notice in H1 that the bands started contracting around the high price went to and just started expanding and price is already in a downtrend which means history is definetly going to repeat itself. With all that said, i believe GBPJPY still has a lot of room to fall, more like a 100+ pips range to bearish. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please, cheer us on, leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section.
Short
by LaBOSS_FX
1
155.550 the first likely TPTrading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153. Once the trendline that's acting as the support gets really broken, price should begin it's move down. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on,leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section !.
Short
by LaBOSS_FX
3
BTCUSD Analysis complete...2 way streakAfter that sweet head&shoulders was complete, price was supposed to fall 4000pips down to 33278 or thereabout but rather, it went only 800pips which means if it cannot complete the bearish move, there's a possibility that it's likely to reverse back up and after it breaks the support at $37400, it will go all the way to $4000+. Parameters for BITCOIN Pair: BTCUSD Side: BUY NOW Entry: 37000.00 TP 1: 38410.00 TP 2: 38820.00 TP 3: 39347.00 TP 4: 40181.00 Stop Loss: 36114.00 Pair: BTCUSD Side: SELL LIMIT Entry: 36200.00 TP: 33280.00 Use proper risk management & do not over leverage your account. Use position size calculator before opening a position!. www.babypips.com NB: The parameter i sent above is a one-time thing. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on, leave a like, share, follow and most of all, engage with the post by sharing your thoughts in the comment section.
BITSTAMP:BTCUSD
by LaBOSS_FX
2
🏛EUR_USD RISKY LONG🚀 🚀EUR_USD is trading in a rising wedge And has hit a strong horizontal resistance After that, the growth has stalled And now the pair is retesting the support confluence Of the rising wedge support and the horizontal support levels Thus, there is a chance that we will see a rebound And a retest of the resistance above And while this trade seems risky, as it looks like the pair Is preparing to break the level, and go down The risk reward here is very good So why not take this long with 0.5% risk. LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Long
by ProSignalsFx
3