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Confluencetrading

CTKUSDT wants to retest the supply zonethe price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance. On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$ How to approach? If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
330 pips bagged and I called the swing right here on tradingviewI made it clear when I sent out this signal that if you're taking this trade, that you should hold with a swing mindset and 330 pips later, boom 💥 !... With a 20 pips stop loss from 1.11200, we bought and held till price hit 1.14500...the data is all here !. Divergence at the end of a trend cannot fail you when you know how to trade it, especially when italigns with your other confluences and then the smart money concept of order blocks and break of market structure and the likes. Go ahead and view my profile here, you will find out that 98% of my ideas here are all divergent trades !.
by LaBOSS_FX
2
20+ pips bagged, more projected moves below.Price is likely to come all the way down to hit 1.34500/1.34400 then bullish all the way to the next psychological level @1.3550. This projected move has a very high probability of occuring so watch out. Don't buy just yet, our bearish move isn't quite complete yet because at the moment. price in H1 got stuck in the 200EMA and it's gathering volume to break that level hence the consolidation. Hopefully Jolts Job openings provide the necessary volume we need to make this analysis happen. We have another strong pattern that supports this analysis and as you can clearly see on the chart. It's our favourite pattern the inverse Head and Shoulders pattern. We're waiting for our Last shoulder to form before taking those buys💯.
Long
by LaBOSS_FX
Get ready to short GBPUSDHello everyone !. This signal meets all shorting requirements except the "M" pattern that will definitely form once price hits the flipping zone which is also a confluence and price will therefore be touching the trendline for the third consecutive time. The DXY has been bearish which has been taking the price of GBPUSD to previous highs and once the news for Jolts job openings Is out, DXY will bounce back to it's monthly high and send GBPUSD and subsequent XXXUSD pairs back down. Once fundamentals come out and supports our analysis,please go all in using proper risk management but we have an incredibly bearish bias on GBPUSD. Price should head back down to it's 1.34400 region before any more major move !.
Short
by LaBOSS_FX
2
Use proper risk managementStop loss - @1.12530 Take profit - @1.1350 Entry - @1.9.9.1.x.x.x.1.3.0.4 This is a pretty straight forward trade but straightforward hasn't really been the strong suit of prices lately due to inflation but fundamentals support this trade so we'll see. Reason for this trade 1. Strong fundamentals. 2. Strong confluences (trendline, H4 support). 3. The action price is currently taking in M15 is kind of a rejection of the trendline. 4. Inverse head and shoulders pattern forming, it's remaining the last shoulder which should take price to our target. All I'm waiting for now is a "W" pattern and divergence in M15 and hopefully in H1 as well !.
Long
by LaBOSS_FX
2
I grab liquidities for a living lolololDivergence is no joke at all...I spotted divergence in M5 and I had sell positions stacked just above the 34600 level and I saw telegram message from a group that called buys, they went all in, I mean like all in and once there was enough volume in the market, price started selling and voila, it hit my target however little it was and for that group, I believe it hit their stop losses 🛑 and that was that !. Learn to trade divergences, learn to spot it at overbought and oversold levels in any of your technical indicators, it will be very helpful when making trading decisions !.
U
by LaBOSS_FX
Why confluence works?Why candles wick the way it wicks? why 95% of the market fails to make money trading crypto? what I'm about to show you is really top secret analysis only top 5% or less knows. That my friend is confluence, why do you think 16th jan made a wick at 43.7k ? you might say its market being volatile but it was very clear on 14th jan we had naked POC at that level, it was very juicy as we saw 4hr nPOC at that same level. I get it this might not work 100% of the time but this confluence trading makes me think almost all indicators are lagging, only levels matter. Check out exo charts for getting nPOC and other stuffs. You have to put in the hard work to find these levels.
BYBIT:BTCUSD.PEducation
by phenodev
My new favorite pair !.All EURJPY asks of you is that you be patient with its price because once it hits major supply and demand zones or as you know them, support and resistance but in this case, we are dealing with support !. Hop on this sweet 50 pips buy trade with me, i have been monitoring it since yesterday and it just hit my zone, i have been scalping 10-20 pips off of it because it hasn't started its major buy move yet but since it's already in it's zone, you can start buying to 131.30 or thereabout.
Long
by LaBOSS_FX
3
Power of multiple confluences in tradingThe rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below: 1) The current direction of the market is bearish, meaning we are in a downtrend. As a rule of thumb, in a bearish market we look for SELL positions rather than going long (fading the short-term trade against the long-term trend). 2) A nice descending triangle pattern has been formed, indicating that a bearish breakout is highly possible, and that the price may keep dropping deeper down. 3) 60 EMA perfectly lines up with the upper boundary of the descending triangle, which is a crucial zone of resistance that the price can’t seem to penetrate. 4) A nice bearish engulfing candlestick pattern was formed before the massive drop happened, which serves as another indicator of bearish pressure. After having all confluences ready in hand, it is time to execute. The Stop Loss is place a few pips above the zone of resistance, and the Target Profit is set at 3% gains, as the risk-to-reward based method is utilised. NOTE: Even though having multiple confluences backs up your technical setup, gives you confidence, and provides your graphical setup with a higher chance of succeeding, risk-to-reward principles should be strictly followed in all cases! We cannot control the market, but we can control our capital, risk, and emotions. Have a great upcoming weekend, everyone!
BITSTAMP:BTCUSDEducation
by Investroy
17
Potential Crab Forming 🦀 (Short then Long) USOIL - Daily Crab is still valid price is moving nicely up towards the D point. However we had a big bullish push on the 27th that sent price into a consolidation leaving a large imbalance before price started to break to the downside again. We have confirmation for shorts using the LTF BOS etc, once the markets open, I'll wait for price to settle and then I want to see price fill this imbalance and trade from the OB, S/D zone up to towards the weekly highs! Such a beautiful zone of confluence! A++ trade if price gets there! Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:USOIL
by benalistarfx
XAUUSD | Perspective for the new week | Follow-up detailsOver 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week old of indecision (consolidation phase) around the identified New demand level around $1,750 zone (a psychological level). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakout) Observation: i. Price traded below the Bearish Trendline in the last 30 days (3rd of Sep - 5th of Oct 2021) before getting caught up in a dilemma of Bearish continuation in recent weeks. ii. Since the beginning of the new month (1st - 11th Oct 2021); we witnessed a consolidation phase within $1,770 & $1,745 hereby emphasizing the indecision in the market as participants looked forward to economic release for greenlight. iii. It is obvious that after finding a bottom at a Major Demand zone @ $1,720 - a level that has a strong memory for buying power since mid last year (2020 - check weekly chart), price continued to find higher highs which culminated in a significant Breakout of Bearish Trendline on the 12/13th Oct 2021. iv. The reaction to Consumer Price Index release was a positive signal for buyers of Gold as the actual figure equals expectations. v. The new Trendline (Bullish) drawn under pivot lows reveals a change in direction of price in the last 15days as the clamour for a Bullish bias takes shape. vi. Even as we await a confirmation at this juncture, the early hours/days of the new week might see a plunge into the new demand level indicated on the chart and if, on the contrary, I shall be looking forward to taking advantage of the new rally above the temporary level @ $1,765. vii. An opportunity to add to our existing position should present itself at a Breakout/Retest of Key level @ $1,780... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 5,000 pips. Risk/Reward : 1:5 Potential Duration: 10 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
3
Confluence Trading CAKEUSDT The high-quality confluence trade of CAKEDUSDT is about to present itself. Following TA tools confluence in the region where we are now: 1. Support zone (grey rectangle box) 2. Fibonacci retracement levels of 50% 3. EMA 200 Daily Each confluence factor increases the quality of the trade since each one of them attracts different schools of traders. Therefore also the probability of a winning trade increases. (still a probability, there is no certainty) Good luck! OZ
Long
by Shanks21
2
JICPT| BTC rebound from key fib levelHello everyone. Bitcoin dived on Tuesday on the news of rocky rollout of the El Salvador experiment. A flash crash of 17% just in a day. I thought the chart got some issues after having a bottle of water. It's pretty scary. That magnitude price movement would trigger a lot of margin calls. So, be careful, you're trading with leverage. On the daily chart, we can clearly see that price rebounded from the 61.8% fibonacci retracement , coincidentally, level happens to be the place where my mid and long term MA sat. Technically, if the daily closing price of today is higher than yesterday. The likelihood of going up is very high . Also, after the big downside move, sellers need to take some rest . I've marked 3 targets on the chart for reference. Give me a like if you're with me.
BITFINEX:BTCUSDLong
by JICPT