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50sma

AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
Short
by remelthomas
1
#EURJPY Daily/4H Short Idea (Gartley, Harmonics, Structure)#EURJPY Daily/4H Short Idea @TradeYodha (TradeYodha.com) 1. Daily 50sma in the zone 2. 4H 200sma is in the zone 3. Fibonacci Cluster 4. Possible harmonic move on 4H 5. Very good R/R ratio if market holds this level on Daily as well. 6. Gartley Pattern in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Short
by TradeYodha
#AUDUSD 30min Short Opportunity (Structure retest, fib)@TradeYodha TradeYodha.com AUDUSD Short Opportunity 1. 38.2 retracement level confluences with retest structure 2. FIB extension 161.8 3. 50 SMA in the region 4. RSI divergence showing a possible upside There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade. Hope this give you some useful ideas, don't forget to hit the like button :) Thanks Remember- Plan your battle well in advance and win.
Short
by TradeYodha
2