Trendline Break & Retest OpportunityLooking to open shorts on the back of the broken ascending trendline in confluence to our 0.618 fib retracement and previous level of S&R.
Confluence
Keeping it simple Head and shoulders pattern I believe this pattern will play out for the bears also head and shoulders pattern play really great in Risk reward as well as a high probable trade for binary options as well as spot trading opportunities: I also know there is a lot of confluence at the level of the left shoulder failing already as i type this. i will put my SL into TP . i have a bearish engulfing signal on the 15 min that you would see but on the hourly its a RED BE WHICH IS CANDLESTICK ANALYSIS ALSO PLAYING IN. Also the risk reward is about 4:1 which is something i really like. Were keeping it simple and we will see how this plays out in the hourly
Pullback to Retest TrendlinePotential long setups on a pullback retesting the respectable ascending trendline in confluence to the 0.618 fib retracement and previous resistance which is now acting as support.
Short on Trendline RetestLooking to enter shorts on the back of the broken ascending trendline in confluence to our 0.618 fib retracement and previous level of S&R.
LTF Short Trade with confluenceConfluence for Short trade;
1. Weekly support
2. .618 Golden pocket
3. Volume node
Stop above the high.
BankNifty Solid Sell Activated! RedLine Broken Plus MoreOn 29th of June, i gave a trading idea which has been activated today! See Related Idea!
What's interesting is the confluence of Pitchfork Breakout and my redline? Isn't it?
Expect a large fall, whatsoever people tell you from here!!!
Trade at your own risk! For Educational Purposes Only!
Pullback & Resistance Short SetupLooking for a pullback to retest the previously broken trendline in confluence to the 0.618-0.5 fib retracement levels and previous major area of S&R.
NZDUSD waiting for the sell setup to formon DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes.
on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break downward.
we also have a regular bearish divergence adding more confluence to our setup.
Trendline Break & Retest Short OpportunityLooking to sell on the back of the broken ascending trendline in confluence to our 0.5 fib retracement area, and previous level of resistance as highlighted on the chart.
SILVER - XAGUSD waiting for our trigger to sellSILVER is sitting around a strong resistance zone so we will be looking for objective sell setups on lower timeframes.
on H1: SILVER formed an objective channel in red so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to consider it our trigger and sell.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
meanwhile, until our sell setup is activated, we would be overall bullish on SILVER and it can still test the upper green level or even higher before going down.
EURCHF waiting for the buy setup to formon DAILY: EURCHF is sitting around support so we will be looking for objective buy setups on lower timeframes.
on H1: EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a third swing to form around our upper red trendline to consider it our last swing and then enter on its break upward.
we also have a regular bullish divergence adding more confluence to our buy setup.
GBPJPY Long Setup | Breakout & RetestExpecting to retrace back to potentially retest the broken descending trendline and continue to the upside. Opening longs on 0.618 fib retracement in confluence to the previous support area.
GBPUSD- Strong Bearish Momentum - Strong bearish signals where if we enter with a lots of confluences and high probability setup, then we could see that bears will heavily take control of this pair.
- There are two possible setups which I can see could potentially be very good entry points to enter this pair.
-The first set up will be to enter on the the reversal of the 23.6% fib level which in confluence with the supply zone.
-If the first setup is unsuccessful then the second set up should be aimed at looking to enter the reversal at the 50.0% fib level which is also in another confluence with my other supply zone.
- Another confluence is the 50EMA which is above price which indicates that GBPUSD is currently in a downtrend and we should only be looking for short positions.
- Looking at the COT report, shows that an average of 57% of large short positions of non commercial institutions been placed for the GBP whilst on the other hand 67% of non commercial institutions have added long positions for the US Dollar. This indicates that we could see GBP getting weaker whereas US Dollar is getting stronger and this is another confluence to go short on GBPUSD.
-We should be looking for a strong bearish candle as confirmation to enter this pair depending on price reacts to the two levels I have mentioned.
Please make sure to follow, like and comment your ideas/opinions on the GBPUSD.
Have a good trading week!
AUDUSD Long Setup on PullbackLooking for a pullback to retest the respectable ascending trendline and continue trending upwards. Opening longs on the 0.618 Fib retracement in confluence with the previous levels of resistance which is now acting as a crucial support zone.
Short on PullbackLooking to open shorts on a pullback towards 4 hourly descending trendline, 0.618 fib retracement level, and a strong area of previous support which is now acting as resistance.
USDCADShorting @1.36240 am extension of the new channel and targeting the demand zone of the following Leg extension
RTX Bullish Cypher, Dave Portnoy is early! I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up.
I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long would be C to D retrace of .382 and .618, but I will leave half on for trend continuation higher.
AUDCHF Short Setup on PullbackLooking for a pullback to retest the current descending trendline and open shorts around the 0.618 fib retracement area in correspondence to the previous resistance level. Overall strong zone of confluence to open positions.
Break and Retest of TrendlineI don't normally use trendlines as much but I noticed nice price action on a broken trendline with a retest. We also have a moving average cross over and Fibonacci confluence. Potential downward movement. I always look for at least 3-4 confluences/confirmations before entering a trade.
DXY - Up, Up and Away?After a pullback on the Dollar Index , we saw a clear rejection of the $96.50 level.
We could see the DXY rise up to the $101.50 - $102.00 level, since from an algorithmic and institutional viewpoint, stop losses from the typical retail "Double Top" are placed above. These are prime targets for the banks.
The potential rise in DXY provides further confluence for GU and EU shorts, as shown on my page.
Enjoy :)
-uzzaam17
USDJPY Support and Fib Confluence Short Opportunity?Risk to Reward might not be in your favor depending on your stop loss strategy
Trendline Retest | Short SetupEURUSD rapidly approaching to retest the broken trendline in confluence to our previous resistance area. We will be looking for the pullback on 0.5 fib retracement to open shorts.
