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Confluencetrading

Keeping it simple Head and shoulders pattern I believe this pattern will play out for the bears also head and shoulders pattern play really great in Risk reward as well as a high probable trade for binary options as well as spot trading opportunities: I also know there is a lot of confluence at the level of the left shoulder failing already as i type this. i will put my SL into TP . i have a bearish engulfing signal on the 15 min that you would see but on the hourly its a RED BE WHICH IS CANDLESTICK ANALYSIS ALSO PLAYING IN. Also the risk reward is about 4:1 which is something i really like. Were keeping it simple and we will see how this plays out in the hourly
Short
by Helloandtrade
Possible Retest & Long Position - GBPCHF - 7.68% R:R Hi All! Hope you're keeping well and having a great weekend! Just wanted to share a personal analysis I've made on GBPCHF! Please feel free to comment below any questions you may have! With GBPCHF, I would personally like to see some movement to the downside towards the marked 4hr structure, to retest it as a support for price then to move back and follow the price trend to the upside. As you may not know, the Bank of England has a speech tomorrow which will greatly affect the pound - if the speech is 'hawkish' then we could see some strength for GBP which will support this long position. You may notice that the fib retracement isn't on the highest wick, which is something I've personally done because I feel that maybe the last two candles on Friday could be very sketchy to work off, especially towards the market close. By doing this though it's lining up perfectly with the structure, and would be nice to get a long from that position. We're also above the 40EMA which I personally work with on minor pairs which will support this - also this could count towards a touch on the ascending trendline (subjective) which could also show support. I have chosen to have my stoploss at 20pips + 3pips for spreads, and I will be risking 1% of my capital for this trade. Confluences: Trendline Structure 40EMA Fib Retracement Conformation "Pending" 😉 Obviously please do your own analysis, so please don't take this as gospel and please ensure that you use the correct risk management for this trade. Let me know your guys thoughts! Cheers Daniel Instagram: @DanielJamesFX Twitter: @DanielJamesFX
Long
by danieljamesfx
3
EURJPY Swing LongWith the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming on the 4hr time frame of this pair, which serves as good confluence for a long on pair. A more ballsy target would be the 127.2% fib extension of the weekly retracement.
Long
by Koyejo
GBPUSD-Possible Strong Bullish Momentum?-There are two ways in which we could enter this pair on which is either to enter on reversal to the demand zone -Or either we enter at the breakout of the 1.26133. -Either way there is strong bullish momentum indicated by the break of the ascending channel. -The 50 EMA is also showing the bullish signals for this pair. -We will have to wait to see how price will react to these levels and look for strong bullish candle confirmation for entry.
by LDForex_
USDCHF Looking for a PullbackAfter the long consolidation period within the symmetrical triangle, USDCHF finally decided to break below and we will be looking to retest the ascending trendline. Looking for a pullback on the 0.618 Fib level in correspondence to the previous support now acting as resistance. The three TA elements outlined together create this zone of confluence in which we could consider opening a short swing trading position. This is NOT a financial advice, trade at your own risk!
Short
by Proszi
1
EURNZD- Possible Bullish Reversal at 23.6 Fib Level!- Price has broken the descending channel and we could potentially see a reversal of the resistance which is in confluence with my demand zone. -Another confluence is that the 23.6 fib level lines up perfectly with the demand zone which could indicate that price will most likely reach the level and the bulls will be in control of the pair. -The 50 EMA is above price which suggests bullish momentum. -Very good opportunity to buy this pair but have to be patient on how price will react when it gets to the zone.
Long
by LDForex_
3
Pullback Expected | Long SetupAfter successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying right in between the two trendlines creating this "golden pocket", where we could consider opening a long position.
Long
by Proszi