CONFLUENCES: - Bullish trend line - Fib rejection - Support level respected - 51 EMA rejected
Overall I'm bullish on GBP and AUD but this trade does hit quite a few confluences. Confluences: - Rejection of blue box and 78% fib - rejection of 8Hr EMA - TP lines up nicely with next area of support - break out retest of previous upward trend
CONFLUENCES: - Rejection of 51 EMA - Rejection of upward trend line - Rejection of 78% fib - Rejection of 1800 support level
Confluences: - Rejection of 51 EMA - Rejection of trend line - Rejection of 130 support line - Rejection of fib level
CONFLUENCES: - Breakout and restest of prior support - Rejection from 51 EMA - Rejection of 71% fib level - Potential Head & Shoulders formation
CONFLUENCES: - Rejection of 51 EMA - Rejection of Fib level - Breakout from pennant - Rejection of former support level
Confluences: - Rejection of 51 EMA - Rejection of 78% Fib level - Rejection of trend line
Confluences: - Rejection of 51 EMA - Rejection of trend line - Rejection of 155.0 support level - Rejection of 61% Fib level
CONFLUENCES: - upward trending market - rejection of support (previous resistance) - Rejection of 51 EMA - Rejection of Fib level - TP lines up nicely with resistance
CONFLUENCES: - Downward channel - breakout from minor resistance
CONFLUENCES: - Downward Channel - Daily support area respected looking for extension towards resistance trend line - Multiple daily rejection candles
CONFLUENCES: - Upward sloping trend line in Weekly - Strong support area in Weekly - Breakout of minor resistance in Daily - Strong rejection candle close in Daily - Respecting 51 EMA in Weekly
CONFLUENCES: - Rejection of Weekly 51 EMA - Rejection of fib level - Rejection of previous support and uptrend - Looking for LL leg to be formed
Overall bullish on EUR and JPY so kinda conflicted on this pair despite confluences stacking up. Need to see candle rejections in order to re-enter as I have already taken significant pain on this trade. Confluences: - Bullish market structure confirmed by trend line and breakout and retest of downtrend - Rejection of blue region - Rejection of 71% fib area -...
Overall bullish on AUD and Bearish on USD so my current view remains the same on this pair Confluences: - Bullish market structure - rejection of 78% Fib level - Reversal candle patterns at area of interest (Blue region) - Take profit fib perfectly aligns with 0.775 region
CONFLUENCES: - Rejection of EMA - Rejection of fib level - Spinning top candle close in 4Hr - Rejection from bearish trend line
CONFLUENCES: - Breakout & retest from breakout box - Potential Lower High formation - rejection candles at area of support
CONFLUENCES: - Upward trend - Rejection of daily EMA - Rejection of fib area - Rejection of highlighted area