Just wanted to post how well my buy confluences worked out beautifully !
Early predictions Buy Confluences: 1. Failing to swing lower 2. Imbalance to be filled above 3. Double bottom forming 4. Bouncing off of the 15min Bullish OB 5. BSL Due to news may have slight retracement happening around 8:30am
I am still in this trading my confluences from yesterday was: Sell Confluences: 1. Inverse cup/handle 2. News 9:45am 3. Imbalance to fill at 13700 4. Tapping that 15min OB I will be taking profit soon but happy they outcome of this trade. News hits today 2pm (FOMC)
Sell Confluences: 1. Inverse cup/handle 2. News 9:45am 3. Imbalance to fill at 13700 4. Tapping that 15min OB A clear update that it's in a sell. Things are moving in my direction as expected !
Sell Confluences: 1. Inverse cup/handle 2. News 9:45am 3. Imbalance to fill at 13700
I said that with descending channel's they usually break on an uptrend and it did just that. Which is shown clearly on the 4hr.
Buy: Confluences: 1. Descending channel (buy) 2. Failing to swing lower 3. Overall uptrend 4: Break that triangle
Powel speaks 11am. Heading for a slight sell. Not entering a trade but just watching to see what it does around 12pm honestly.
Confluences: 1. Failing to swing Higher 2. Imbalance below 3. Descending Channel
MUST WATCH! My idea going forward. I spotted a descending channel had to share with you whats the next move from spotting it.
Here's what happened this morning . Wanted to share with everyone !
Confluences: 1. BSL 2. Fail to swing lower 3. Bounced off the 15min Bullish OB 4. Imbalance to be filled
Confluences: 1. BSL 2. Fail to swing lower 3. Bounced off the 15min Bullish OB
Triangle created, traced for bearish. Filling somewhat of imbalance dropping. TP1 AND TP2 hit
Looking for a sell Confluences: 1. Failed to swing higher 2. SSL line 3. bounced of 15min OB
Buy Confluences: 1. Bounces off 1hr bullish OB twice (two wicks) 2. Failing to swing lower 3. Consolidation broken on 4hr (uptrend) 4. Bounced off the 1hr SSL (uptrend)
Currently failing to swing higher so I am looking for sells. It is now bouncing off at the 1hr SSL line so with that I will wait for entry. I am looking for that Imbalance to be filled.
Bounced off the Bearish 1hr order block. My bias is that it will trace down and fill that imbalance.