Confluences
USDCAD Pending Sell Order (Bearish Gartely)USDCAD Potential sell order
Bearish Gartley Pattern forming on the 4hr chart.
all the details on the chart.
Good Luck.!!!!!
Trade setup: USD/CAD analysisto begin with, USD/cad has been progressively bullish, currently, price is still stretching and holding around the liquidity range of 1.33500, this region is in confluence with the 78.6% retracement region. We had candle rejection around the daily ress with a spinning top, now price is evidently showcasing downside movement. 1st target is 1.32250 then we if the trendline is broken, the price could drop further to 1.3100.
fundamentally, cad GDP data out later towards the end of the week, could, therefore, be the additional catalyst for the price to fall lower.
the risk-reward ratio is 1:3
USD/CHF analysis: trade perspectiveUSD/CHF has been gaining momentum, the monthly and weekly candle both show respective bullish shifts around the 0.9900 regions, am expecting the price to hedge slightly higher to create a right shoulder, which is also in alignment with the 78.6% retracement region.
EUR/USD trade perspective Clearly, the eurozone has been significantly bearish, here we do have a very clear and perfect setup that clearly distinguishes that price could potentially spike towards our key pocket of 61.8% Fibonacci retracement region in confluence with the trendline and moving average before potentially making a new low to around the new key low of 1.0800.. what could invalidate the position is a weakening of the dollar and euro breaking that trendline.
DXY short/medium perspectiveThe dollar to many investors may be seen as a safe haven, however, the price has approached a very key area of liquidity/resistance, this weekly candle looks like it could be closing as a shooting star, insinuating that there could be huge selling pressure around those highs, we could persist with a higher low being formed before creating new highs. Confluences could direct price to 98.00
US oil trade setupoil has shown a lot of volatility over the past couple of weeks, currently, the price has retraced to cover the gap between the previous event of geopolitical tensions raised in the globe. On a technical perspective, price respected the key 55.00 psychological zones, which also has a key trendline in support, we could observe this as a lower high been formed.. looking at medium-term targets of 56.00 and possibly even higher.
DXY medium term perspectiveGood morning people am back to posting frequent ideas... to begin with, the dollar still remains respectively bullish we had the key 99.00 psych region which was clearly a clear barrier, area of liquidity, however due to fundamental positive data and china and the US still centring the attention with a possible trade deal we could expect further highs to be made to around the 100.00 region. Currently, price could test the previous high, if theres signs of rejections we could retrace to confluence area of trendline and MA to create a higher low before making new highs.
ETHUSD Possible Short OpportunityBearish Bat Pattern on the H4
As Harmonics Pattern mostly seemed like counter-trend trading with Completion Point D (the place you enter your trade order), a price stretched from Point C, where after passing Point B some traders may have the impression that a change in trend is underway. How I like to determine trend is based on a higher time frame than the one I am trading on.
In this example, I am placing my order on the H4 and this time frame gives me a nice looking Bat Pattern (visually the pattern does look skewed), therefore I consider trend using the the H12 or daily, sometimes I go even higher just to see the "Big Picture" that most people will miss because they are so fixated at the time frame they are trading at. It is important to go to various time frame so you know exactly where the trend is that will help you with managing your trade after entry. It is common to see traders getting solid entries but not sure what to do after that, not knowing how to exit the trade for profits or for loss.
I also look for trade that satisfy at least 3 of my strategies/methods to enhance the odds of the trade working out. Be very picky with your trades and dont fall victim into FOMO. Remember, skills and knowledge only accounts for 40%, the other 60% depends on your psychology and emotions.
Trade Setup:
Entry - Within the Sell Area (at Point D if you are more conservative)
SL - 206.5
TP1 - before 192
TP2 - before 184
TP3 - before 172
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
BTC (Prj.2019.P04.E02).Medium.Macro Level.HypothesisWhat are we looking for? The word that many like is "CONFLUENCE". Information that comes from a no. of sources that has similar conclusions or interpretations.
Hence this posting is all about the confluence I see.
Note:
Stoch and RSI for the short term has room for price going higher.
No bullish div. visible.
BTC daily trade volumes are lower than normal in the past month or so > coinmarketcap.com
Finally the trend is still down, until we get confirmation it isn't, we should go with the trend
Closeup view
3 Day Chart:
We have a strong reoccurring pattern in the bull run which is the price touches the 50 EMA before it goes up again.
As one can see on this chart, the RSI also has a reoccurring theme as well to match the price pattern and the EMA touches.
A close up, I added the Ichimoku indicator to see what else is there. A strong support line at the 50 EMA.
The 200 EMA and SMA cross over is another reoccuring theme, when they cross over under the 50 EMA, in the past, it also indicated a bull run.
I posted this idea some time back. Refer to my links below.
On the Daily Chart, we can observe the moving average deviation rate, which also provides another confluence. However just like the large Macro pattern being complex and many possibilities, this indicator can also vary towards the end. One thing we can agree on, its close.
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Trade setup: EUR/GBP analysisIf we could get more volatility during the US session we could potentially see more price action, price is trading around the intra-day key level, forming a new lower high respecting the 61.8 fib level with the trendline acting as additional confluence.
-added positions at the highs already, however considering this is an act of retracement, could expect further momentum to the downside.
Great risk/reward
Trade setup: EUR/USD analysisAm expecting the price to rally towards the psychological region of 1.12000, a new leg could be formed to the highs, price is currently respecting the 61.8% fib with morning star pattern. This will depend on USD potentially weakening, GDP consensus expected to decrease this week could be the obvious catalyst for our bias.
Great risks reward 1:2!
-Simple & clean chart
-message me if you would like to be part of our signal team, with more in-depth and consistent analysis
Structure leaves clues So i have Current market low @ 78.500 i will take this trade back at the retest and have my SL at prev market high at 78.575 which is a 7 pip sl and a gain of 250+ which is about a 2.5:1 ratio which i will take; with that being said im still waiting for it to retest this area i could have entered on the 5 min chart but i missed it so im awaiting if trades does get take first tp is at prev market low at
78.270 area. 2nd tp IF we get retest will be at 74.825 mark you can take small position for now but wait for retest for bigger lots
Trade setup:USD/CHF analysisSimple trade setup, new lower high has been formed am expecting the price to retrace to this region... area of the confluence with the trendline and MA.
-For more detail perspective message me directly to join my telegram.
Trade setup: XAU/USD analysisprice has tapped the 3rd bounce of the trendline, can expect some form of consolidation before price rallies to upper-bound of the consolidation zone.
trade safe and simple.
trade setup: USD/CHF analysisprice retraced to the key trendline creating a lower high, first sign of rejection with a Doji candle tapping the key trendline, am expecting the price to form a new lower low.
Intraday trading setup: USD/CAD analysisAm expecting the 1.31000 key dynamic area of resistance/support to be tested price has been respecting the weekly trendline, inability to break with candle rejections. MA is in confluence with the area of support.
great risk/reward trade.
Trade setup: GBP/JPY analysisAm expecting the price to form a new leg higher and retest the key structure in which price was consolidating at around the 135.500 regions. The sterling has in my opinion overextended into the lows due to political risks in the economy however, from the technical standpoint momentum is being picked up.
Trade setup: AUD/USD analysisquite a simple intraday position, expecting the 0.7000 psych barrier to be broken to the downside to retrace towards the highlighted region, which is also in confluence with the trendline.
-great risk-reward
