There are multiple confluence point for BTCUSD to buy @57K 1. 0.5 Fib retracement level of the recent rally 2. Key Level 3. RSI trend line touchpoint wait for BTCUSD pullback to 57K then long at first signs of bullishness
BTC has been in a strong uptrend recently and already broke ATH and is in a short term pullback to retest previously broken resistance to shoot up higher again 58K may possibly be the best level for a long-entry because; --> It lines up with 0.618 fib level --> Previous broken major resistance --> Previous all-time high --> Stochastic shall reach OS level Take...
LTCUSD and ETHUSD are trading in a bullish channel on 1H TF for a while now. Confluence Points: 1. Price has retraced to 0.5 Fibo level 2. Which lines up with minor key-level and channel trendline.
Is it a good idea to short EURAUD at mid-channel?
Confluence Points: 1. EMA50 Rejected 2. channel Trendline rejected 3. breaking below minor key-level 4. fundamentals favoring GBP 5. What else??
will we break or continue trading in the channel?
Will the price break below the rising channel or continue trading inside it? What do you think guys?
Confluence Points: 1. Retested and bounced from the weekly key-level 2. H&S pattern pattern 3. Trend-line lines up with Fibo Level 4. Rejected EMA 50 short swing entry at the clear break of the daily trend line
Confluence points detected for EURCAD after Multi-time Frame Analysis
Long USDJPY after a pullback to the downside of the rising channel channel
Ride the downtrend on USDCAD, Short USDCAD once price reaches upside the channel
Falling wedge is a reversal pattern bulls get ready @1750 to go long on Gold
wait for 50% retracement
1. price retraced to daily key-level and seems to reject (long-wick) 2. Time frame confluence, from monthly to daily 3. Weekly down-trend broke recently enter on the intraday time frame with the first sign of bullishness
1. Time frame confluence from 1M to 1D 2. price rejecting Fibo level on 1D 3. price rejecting key-level 4. price rejecting 1D trendline 4. stochastic showing oversold
confluence point detected for a quick scalping trade.
Possible trend reversal pattern forming on EURJPY: 1. Price is at the intersection of falling-wedge of 1M and rising-wedge on 1D TF If the price breaks the downside of the 1D wedge and rejects the 50 EMA, we may short then.
Bulls are soon taking control of the EURUSD pair asap the pullback is over. There are multiple confluence factor: 2. Multi time-frame confluence/bullish bias 1. Key resistance level broken 2. Fibo Level lined up 3. 1D Immediate Trend Line Broken 4. Pullback to Minor 1D Support and Rejected 5. 50 EMA lined up with minor support level and Rejected These all...