Dolla
USDJPY - 15m - 29/10/20 - 1pmTrendline break and retest on the lower time frames, testing trading 1pm - 3pm roughly with this pair.
Currently tapped 78.6 retracement from the huge dump during Asia session, may have just missed the entry though H&S maybe.
$ is going down regardless at some point S&P 500 has a similar set up aswell:
Not trading with the election so soon owt could happen.
CHANGE of BIAS for EURUSD. To 1.1280 ZONE!
- 1hr: 1.1177 couldnt hold as resistance and broke above it. What is likely to happen now is that price will now test zone as support & because EU on higher time-frame is bullish we could see price reach 1.1280 resistance from here. Extra confirmation of bullish presence is an inverse Head & shoulder pattern signalling a reversal.
Time to go Gold Mining! - XAUUSD CONFLUENCE x5A few weeks ago we wrote this article - - highlighting that after the breakout of the symmetrical triangle and the support at the beginning of the month a retest of the 1200.00 level as resistance would create opportunity to go short. Well, here it is Ladies and Gentleman!
Sure enough we are currently seeing a successful retest of the 1200.00 level as resistance on the daily.
A large high test of the the level also coincided with a failure to breakthrough 0.382 Fib Retracement level and an apparent bounce of the 50ema. All of this is playing on the Dollars current strength and after a couple of weeks consolidation in the markets it seems like trend continuations are now likely.
All this gives us 5 Factors of confluence -
1. High test Candlestick
2. 1200 Resistance
3. 0.382 Fibonacci Rejection
4. 50ema Bounce
5. Following the trend
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