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Confluence

🏛EUR_USD RISKY LONG🚀 🚀EUR_USD is trading in a rising wedge And has hit a strong horizontal resistance After that, the growth has stalled And now the pair is retesting the support confluence Of the rising wedge support and the horizontal support levels Thus, there is a chance that we will see a rebound And a retest of the resistance above And while this trade seems risky, as it looks like the pair Is preparing to break the level, and go down The risk reward here is very good So why not take this long with 0.5% risk. LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Long
by ProSignalsFx
3
TELUSDT 📞 on the Hourly UPDATE*NOT FINANCIAL ADVICE: DYOR - This idea is IMO personal use only* ========================================================= An update from my last chart dated 25th May: Excellent news announced a few hours ago on the passing of Nebraska Bill, meaning that a cryptocurrency & digital asset bank framework now signed into law. We saw that breakout from recent parallel channel of the past week. New lines presented now after doing some quick Fibonacci retracements + confluence analysis. Still extremely bullish on TEL!! Why? 🔹 Already in the top 10 best performing cryptos for 2021 after the crash 🔹 Anticipating further amazing results in the lead-up to the launch of V3 🔹 Increased exposure with recent listings on other exchanges 🔹 Increased publicity and leading the way now the Nebraska Legislature to create a crypto & digital asset bank framework is now signed into law. 🔹 Solid roadmap for the rest of this year 2021 At the time of charting this, TEL ranks at #53 on coinmarketcap which is up 10 places since my last chart. As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC, as we just saw with the impacts of the recent pullback. Good chat.🤖 My previous chart 25 May: My previous chart 5 May: My previous chart 14 April:
by CryptoZani
5
2951+ pips and counting !.Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis. Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after the bearish move is complete/over or when the bears are exhausted (it's all the same thing), to complete the other part of the right shoulder and after the Inverse Head&Shoulders pattern is complete, you know what next to expect !. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on, leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
BITSTAMP:BTCUSD
by LaBOSS_FX
Bitcoin Analysis complete ! Inverse Head&ShouldersA little insight on the Inverse head and Shoulders An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. I call a short short (a short sell) And as always for bitcoin: Stop Loss = 500 pips Take profit = 5000 pips #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence
BITSTAMP:BTCUSDShort
by LaBOSS_FX
2
BTCUSD - Outlook Update 2021.05.24Bitcoin opened today @35201.60 with a gap up from the Saturday close @33035.15 and has traded up into a 32.8 ER / 32.8 App confluence area. Bullish Scenario Should price build momentum and trade above the 32.8 ER / 32.8 App confluence area, the next target area would be a break and retest of the Daily Bearish Trendline and then a continuation to target liquidity above old daily highs at the 61.8 APP / 61.8 IR confluence @33804.00 / 38108. 05 . Bearish Scenario Should price not be able to break above the 32.8 ER / 32.8 App confluence area @35856. 05 / 32425.90 it is anticipate price will trade lower on lack of upside momentum towards our Elliott Wave: d target level 161.8 App / 61.8 ER @22238.70 / 20948.50. ** This should not be considered trading advice. Feel free to compare my analysis to your own research.
CAPITALCOM:BTCUSDShort
by AsproTrader
Has the Gold Correction ended? Confluence Analysis (Daily Chart)Gold has been in a Bearish Descending Channel since August 2020 after it hit the $2070 price mark. Price formed a Double Bottom in March at the 1680 Price Area and since then, Gold has been moving in an Ascending Channel since 20th March 2021, with the Black Uptrend line in the Chart acting as support. Gold has broken out of the Descending Channel and is heading towards the Verified Resistance in the 1948 - 2000 Supply Area. Is the Bearish Correction/ Retracement over?? We don't know, but we are expecting a retest of the broken Trendline Resistance. This will tell us if this is a real Breakout or a Fake Breakout. We are expecting the Retest to happen around the 1824 Area which is also a Demand Area. We have Two Strong Areas of Confluence in the Chart. The Two Buy Zones are the Green Circles in the Chart. First Buy Area: 1752 - 1764 (Untested Support + 38.2% Fibonacci Support Level + Retest of Trendline Support) Second Buy Area: 1808 - 1824 (Verified Support + 61.8% Fibonacci Support Level + 100 SMA H4 Chart ) The last Demand Zone is the Proven Support at the 1680 Area. This is a very sweet Chart Setup for different types of Traders. Elliot Wave Traders, Trendline Traders, Chart Pattern Traders, Supply and Demand Traders, Price Action Traders, Fibonacci Traders. What do you think? I would love to hear your comments and suggestions.
OANDA:XAUUSDLong
by Benettel
XAUUSD Analysis complete Inverse Head&Shoulders !.Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon. Let me explain what the head and shoulder pattern entail and how to trade it.. THE HEAD AND SHOULDERS PATTERN A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. NORMAL H&S Left shoulder: Price rise followed by a price peak, followed by a decline. Head: Price rise again forming a higher peak. Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head. INVERSE H&S Left shoulder: Price declines followed by a price bottom, followed by an increase. Head: Price declines again forming a lower bottom. Right shoulder: Price increases once again, then declines to form the right bottom. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
FX_IDC:XAUUSDLong
by LaBOSS_FX
GBP/USD - TA Update and Fib EntryAt first glance this might seem like quite confusing, let's break it down for you! We have several key levels in price marked on the chart. We have identified the 1.40, 1.41 and 1.42 key psychological whole levels. We have a Fibonacci drawn to highlight a potential long entry. Drawn from the swing low to the swing high, you can see the potential long entry has been highlighted after rejection from the 0.5 Fib level. Use Fibs in confluence to optimise your trade entries. Price is approaching the highs around 1.4164, we're expecting some rejection at this level before a potential reversal. Hope this helps!
by Jal121
GBPJPY Long AnalysisHello! I want to give you some information about this analysis So .. I chose a "Buy" position because the price intersects with several confluences of mine .. E.g. The price is in a demand area, it intersects with my round number, daily support and daily trendline. As we see in the picture, the price retested my area + the round number 150,000 and the Daily trendline Many confluences-Better chance to WIN :3 So that's why I'm going on a purchase here, because I have a good feeling for this pair. Follow me for more explicit analysis..if you like it! <3 Thanks for viewing. If you have different opinions you can write them in the comments section <3
Long
by sergiugeorge