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Confluences

JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components of miners that have the most to benefit from rising. On the daily chart, price dropped from a winter pivot high with a head and shoulders pattern into a trend down with a bounce off the lows in early March followed by a YTD pivot high in mid April followed by a trend down into the July 4th holiday where the reversal from the low into the current price movement is supported by the MTF RSI indicator showing both the low and high TF RSIs crossing the 50 level. The zero-lag MACD shows the histogram going negative to positive simultaneously with the K /D lines crossing from underneath and beginning to rise. Importantly the Lroentzian machine learning AI indicator using a variety of indicators and factors printed a buy signal earlier this same trading day. I will go long in a swing trade expectant of great profit. I can see that price is approaching the long term mean VWAP and has crossed over the POC line of the lower high volume area. The target of 43.2 is the POC line of the upper high volume area confluent with the first standard deviation above that mean VWAP and also the neckline of the H & S this past winter. The analysis is strong from the confluences and so expectant of 15-20% profit.
AMEX:JNUGLong
by AwesomeAvani
✔️Confluence Trading📍What is “confluence trading”? “Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade. You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal. Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade. 🔹Indicators Moving Average (MA) Relative Strength Index (RSI) Bollinger Bands Fibonacci retracement Stochastic Oscillator MACD Average Directional Index (ADX) Ichimoku Kinko Hyo Parabolic SAR Williams %R 🔹Chart Patterns Head and Shoulders Double Top and Double Bottom Triple Top and Triple Bottom Flag and Pennant Cup and Handle Wedge Rectangle Symmetrical Triangle Ascending Triangle Descending Triangle 🔹Candlestick patterns Doji Hammer Hanging Man Shooting Star Inverted Hammer Bullish Engulfing Pattern Bearish Engulfing Pattern Piercing Pattern Dark Cloud Cover Morning Star and Evening Star 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
AUD/USD potential reversal area for longs...A monthly 50% retracement has been acquired as delineated by the Weekly swing low. (Please go back and check your charts for this). My long-term bias is now long. I am now looking for a retracement below the 50% level to a draw on liquidity, which may be the Daily Void area and/or the previous swing high before the run up to recent 4H highs. I do not see price going below .6800 unless it is for a stop sweep. I will be looking to go long around .6835 with stop well below .6800. Next long target is above the buy-side liquidity area above .7060.
Long
by J-jr
CTKUSDT wants to retest the supply zonethe price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance. On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$ How to approach? If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
Audnzd in a perfect CHANNEL The pair is trading in a bearish channel, price is touching the resistance trendline for the third time, a smaller trendline (in green) has been broken last week and this is a classic sell scenario, we have two important support zones as highlithed in the chart above, the first one is also a confluence with the 38.2% retracement of Fibonacci, and the second one could be reached in a longer timeframe. Pay attention to price action in h4 and h1 if you would like to open a position. We can also notice a divergence with the MACD, another bearish signal. If you want to know the exact price to open a position send me a message !!! Enjoy your trading !!! Have a nice Monday Thank you for reading Francesco _ DRAGO INVESTMENTS_
Short
by Dragon_Investments
Power of multiple confluences in tradingThe rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below: 1) The current direction of the market is bearish, meaning we are in a downtrend. As a rule of thumb, in a bearish market we look for SELL positions rather than going long (fading the short-term trade against the long-term trend). 2) A nice descending triangle pattern has been formed, indicating that a bearish breakout is highly possible, and that the price may keep dropping deeper down. 3) 60 EMA perfectly lines up with the upper boundary of the descending triangle, which is a crucial zone of resistance that the price can’t seem to penetrate. 4) A nice bearish engulfing candlestick pattern was formed before the massive drop happened, which serves as another indicator of bearish pressure. After having all confluences ready in hand, it is time to execute. The Stop Loss is place a few pips above the zone of resistance, and the Target Profit is set at 3% gains, as the risk-to-reward based method is utilised. NOTE: Even though having multiple confluences backs up your technical setup, gives you confidence, and provides your graphical setup with a higher chance of succeeding, risk-to-reward principles should be strictly followed in all cases! We cannot control the market, but we can control our capital, risk, and emotions. Have a great upcoming weekend, everyone!
BITSTAMP:BTCUSDEducation
by Investroy
17
A Standard 14:1 trade, hop on once all confluences are met.The price of BTCUSD is heading to the oversold region after leaving the overbought region. Trading should be systematic, leave emotions out of it, you can leave just a little amount so support logic. Confluences to look out for: 1. Hitting that support right there. 2. Price hitting the oversold levels in the RSI 3. Price action to support divergence 4. The W pattern. Once you've confirmed these confluences, open a buy position using proper risk management.
BITSTAMP:BTCUSDLong
by LaBOSS_FX
11
Don't miss this sweet 1:10 RRRYour divergence signals plug is back at it again !. REASON FOR THE SELL TRADE 1. Our 200 EMA is serving as our 50% (Average) level on our RSI. 2. The confluences are as clear as day, both at our previous resistance and our trendline 3. Price is already overbought but not over over bought yet, price must be over over bought at our confluence. 4. Divergence confirmed both in our main price on our chart, RSI and AO. 5. Monday is market open which means prices needs to adjust for the new week meaning, prices need to get centered on a moving average in this case, our 200 Exponential MA. Right after this post is published, i will set my alert to be received via email and mobile notification so i don't miss this scalping opportunity. Calculations: STOP LOSS (SL) is set at 51 points (or pips) whereas our TAKE PROFIT (TP) is set at a whooping 550 points (or pips) So therefore, using the following lots on a 50 spread account, you manage a loss and make a profit of: 0.01 (10 cents) = SL - $5.10 TP - $55 0.10 (1 dollar) = SL - $51 TP - $550 1.00 (10 dollars) = SL - $510 TP - $5500 10.00 (100 dollars) = SL - $5100 TP - $55,000 Use proper risk management, use proper money management !. I have time on my hands hence the essay-like breakdown of this trade lol !.
UShort
by LaBOSS_FX
4