the9to5trader

the9to5trader

Confluence with price action & Fibonacci retracement on LTF and HTF

the9to5trader

See chart for multiple confluences

the9to5trader

HTF Trendlines & Institutional Support are crossing, as well as a LTF Fib level bounce on the .7, as well as a triple bottom.

the9to5trader

HTF GBP Bearish USD semi-bearish 15m fibs show a possible retracement to the .7 level and then bearish momentum

the9to5trader

** Opportunity may have already passed Confluences: -EMA Crossing -HTF Trendline acting as resistance, HTF bearish (slightly) - Fibs show perfect entry on the .7 level

the9to5trader

Confluences: - HTF trend is bullish (reversed trend recently) - 15M fibs show a possible bounce on .709 or .618. - 15M Trend is bullish

the9to5trader

HTF resistance turned support at the 15M .709 retracement on fibs. Possible Long Position on XAUUSD with a Risk to Reward Ratio of 2.5.

the9to5trader

HTF Indicates a bearish trend. 30M Institutional Level provides a good entry at the .7 level. There is also a potential swing on the 4H.

the9to5trader

HTF indicates a reverse of trend (bullish) on 4H and D chart. However, 15M Fibs indicate a possible entry at the .7 (Optimal Entry).

the9to5trader

See text on graph. This is my High Time Frame analysis on why I think there is an opportunity for a long position on Brent Crude Oil.

the9to5trader

Potential 4HR Short

the9to5trader

Few Confluences on the 4H (Realistic Edit would be on the .79 or the .705 Fib Level)

the9to5trader

No clear prediction. Depends where candles close, and depends on consolidation. If price respects support, price will reject zone and cause bullish momentum. If candles break zone, a retest will occur and cause bearish momentum.