so we have a possible confluence setup, we have to wait for one or two things: One being that we come down to the 38.2 and wait for a candle stick reversal pattern or were going to break our lower high which i marked in red and we will get a reversal from there we can re measure our fib for a sell opportunity.
we are now waiting to ride gold back with bullish movement we are now seeing gold doing a retracement, i will patiently wait to see a bullish candlestick variation, im expecting it to either retrace at the 61.8 or 38.2. Then to ride it back to the 2.6 before we see another drop! Great things for gold to come.
Validated confluences 1.Daily trend line valid 2.Resistance broken support validated 3.Trend Trading 4.Profit margin 1:3 (minimum) 5.Price action hit support zone
Validated confluences 1.Daily Trend-line broken (uptrend) 2.Resistance broken support valid 3.Profit margin 1:4 Major resistance zone/area breached which indicated bears have capitulated to the strength of the bulls, which also shows us who is in control of the market. Based of two strong confluences which is opposing force breached and trend-line break to the upside.
Validated confluences 1.Inside Bar formed in Strong support zone 2.No fresh strong resistance until 17200 3.Price action hit support zone 4.Minor obstruction above 16600
I am currently in a short position for USDJPY reason being I see a bullish Pennant that has been forming since March of 2017. On the Daily there is a strong doji pattern at my current Monthly Resistance. Along with the candlestick pattern, and the monthly resistance there is also a strong trendline that has been respected twice hoping it will be respected once...
This pair is showcasing lots of confluences to the upside. Price is respecting the inner bullish trend line, and we've also seen a strong bullish action at the 61% fib level, my EMAs are diverging upwards and all of these signify to look for long only entries.
Consolidation Rectangle Breakout and Trend line breakout confluence. Short to key level. CAD to strengthen following oil price increases. Wait for retest of rectangle
Wait for a retracement to either 31.8% or 78% then go short
Nice bat pattern forming on top of trend line support. Will be targeting the middle line for TP
Confluence on the trend line, ab=cd pattern ( I forgot what the name of this specific type of abcd is) Overall bearish market.
sorry for being late guys good divergence triangle break pattern with supply zone confluences with Fibonacci levels.,,,,
Confluences Strong Supply Zone + completion of bear cypher pattern i will look for my entry triggers to enter this trade.
There is a confluence area I am seeing here on GBPUSD at the 1.22500 level. Watch the area closely for a chance to buy the pair.
Confluence Strategy on USDCAD for short term opportunity. Key confluences are : Fibonacci levels + supply zone + Daily TF Trendline. Will look for divergence for final confirmation of this Strong Profit taking Short.
This is a great opportunity to short gold, any indication of multiple confluence is always good and in this case we have many. For example, price will hit the 0.618 fib retracement zone and at the same time re-hit the trend-line it broke and hit the 20ema. This is just an opinion of mine, in the past i've found that finding multiple confluence aids one when...
Double ABCD pattern for gbpjpy