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Confluencetrading

GBP USD Daily ShortWe are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got alot of short orders against the Dollar. What can we see technically? - Daily bearish , - weekly bearish - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed. Where to enter? Follow your plan But for us, we are waiting for a pull back to 1.25 before looking for a rejection. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
Short
by LupaCapital
GBPUSD-Possible Strong Bullish Momentum?-There are two ways in which we could enter this pair on which is either to enter on reversal to the demand zone -Or either we enter at the breakout of the 1.26133. -Either way there is strong bullish momentum indicated by the break of the ascending channel. -The 50 EMA is also showing the bullish signals for this pair. -We will have to wait to see how price will react to these levels and look for strong bullish candle confirmation for entry.
by LDForex_
USDCHF Looking for a PullbackAfter the long consolidation period within the symmetrical triangle, USDCHF finally decided to break below and we will be looking to retest the ascending trendline. Looking for a pullback on the 0.618 Fib level in correspondence to the previous support now acting as resistance. The three TA elements outlined together create this zone of confluence in which we could consider opening a short swing trading position. This is NOT a financial advice, trade at your own risk!
Short
by Proszi
1
EURNZD- Possible Bullish Reversal at 23.6 Fib Level!- Price has broken the descending channel and we could potentially see a reversal of the resistance which is in confluence with my demand zone. -Another confluence is that the 23.6 fib level lines up perfectly with the demand zone which could indicate that price will most likely reach the level and the bulls will be in control of the pair. -The 50 EMA is above price which suggests bullish momentum. -Very good opportunity to buy this pair but have to be patient on how price will react when it gets to the zone.
Long
by LDForex_
3
Pullback Expected | Long SetupAfter successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying right in between the two trendlines creating this "golden pocket", where we could consider opening a long position.
Long
by Proszi
GBP JPYYen is gaining strength across all pairs right now as hedge funds, banks look to be gearing up for some good strength. We saw a great retest of the supply zone as anticipated. This fell in line with our fibonacci retracement as shown on the chart. Next up we will look for further entries, only on impulse positions after corrections. Zoom into the 1 hour to get a better scale on where to enter - especially in swing trades. Now we are on set and forget. Good luck. Lupa
Short
by LupaCapital
1
AUDUSD: Wait for the Drop!Daily Time Frame: Starting on the daily we can see that price broke back below .64500 key psychological support in confluence with our uptrend. Now that price is back below and reading the last couple of daily candlesticks it is safe to say that AUDUSD is starting to look bearish. 4Hr Time Frame: Scaling down we can see price forming a potential head and shoulders formation if it manages to pullback to .64000 key psych and newfound resistance. If price pulls back and shows signs of rejection, then look to sell this back down to .62250 key psychological support. However, if price violates back above .64000, then we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
2
#EURGBP Weekly Analysis & Trading PlanTraders, EURGBP came out of the zone finally and now we can expect a breakout because of the bollinger band squeeze. Here is my analysis and trading plan. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Long
by vikinsa
#EURUSD Weekly Analysis & Trading PlanTraders, EURUSD had a breakout as expected because of bollinger and sneeze. However it is still consolidating pretty much like DXY. We expect it to move down a bit but if it finds bullish strength, we may have a very good opportunity for us. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Long
by vikinsa
1
#SPX #SNP500 Weekly Top Down Analysis Traders, There are great opportunities coming on SPX. Even if you are not trading this index, you should watch this if you are trading any big major US stock such as Tesla, Apple, Microsoft etc. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
TVC:SPXShort
by vikinsa
4
#USDCAD Full Top Down Analysis & Trading PlanTrader, USDCAD has been moving exactly as predicted and expected. However we will have to be careful now because of month end and oil situation. There is a bollinger band squeeze as well on daily timeframe. Nonetheless, USDCAD has some very good opportunities lined up. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Short
by vikinsa
6
#EURGBP Full Top Down Weekly Analysis & Trading PlanTraders, EURGBP has been difficult because of consolidation and the kind of candles it forms on regular basis. But the last pattern has completed and we may have an opportunity now. Please manage your risks well. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Long
by vikinsa
XAUUSD: Gold Shorts?4Hr Time Frame: Notice how price is ranging in between our support and resistance zones. Price is now back at 1730.000, a previously respected zone. Notice how price reacted in the past. If price maintains below this sell zone, then we can look to do the same thing again. Reading structure, price is creating multiple Ms or double top formations. 1Hr Time Frame: Scaling down further we can see the double tops clearer. Notice how price violated this uptrend and is now testing as resistance. If price manages to sustain below this area, then look to short this down (target 1 1700.000). However, if price violates this resistance with strong bullish momentum then we must reevaluate price action. Due to uncertainty of market fluidity, risk management is highly recommended.
OANDA:XAUUSDShort
by ChartAddicts
2