GBPAUD - LONG POSITION (4HR)CONFLUENCES:
- Bullish trend line
- Fib rejection
- Support level respected
- 51 EMA rejected
Longfx
EURJPY - LONG POSITION (3Hr)Confluences:
- Rejection of 51 EMA
- Rejection of trend line
- Rejection of 130 support line
- Rejection of fib level
GBPUSD - LONG POSITION (4HR)Confluences:
- Rejection of 51 EMA
- Rejection of 78% Fib level
- Rejection of trend line
GBPJPY - LONG POSITION (2HR)Confluences:
- Rejection of 51 EMA
- Rejection of trend line
- Rejection of 155.0 support level
- Rejection of 61% Fib level
EURJPY - LONG POSITION (1Hr)CONFLUENCES:
- upward trending market
- rejection of support (previous resistance)
- Rejection of 51 EMA
- Rejection of Fib level
- TP lines up nicely with resistance
GBPJPY - LONG POSITION (DAILY)CONFLUENCES:
- Upward sloping trend line in Weekly
- Strong support area in Weekly
- Breakout of minor resistance in Daily
- Strong rejection candle close in Daily
- Respecting 51 EMA in Weekly
EURJPY - LONG POSITION (8HR) Overall bullish on EUR and JPY so kinda conflicted on this pair despite confluences stacking up. Need to see candle rejections in order to re-enter as I have already taken significant pain on this trade.
Confluences:
- Bullish market structure confirmed by trend line and breakout and retest of downtrend
- Rejection of blue region
- Rejection of 71% fib area
- significant rejection candles at the fib level
AUDUSD - LONG POSITION (8HR)Overall bullish on AUD and Bearish on USD so my current view remains the same on this pair
Confluences:
- Bullish market structure
- rejection of 78% Fib level
- Reversal candle patterns at area of interest (Blue region)
- Take profit fib perfectly aligns with 0.775 region
USDCAD - LONG POSITION (DAILY)CONFLUENCES:
- Upward trend
- Rejection of daily EMA
- Rejection of fib area
- Rejection of highlighted area
EURJPY - LONG POSITION (8HR)CONFLUENCES:
- Breakout and retest of black box in 1hr
- Inverse Head & Shoulder pattern
- Rejection of weekly 51 EMA
- Not happy with fib rejection but the extension lines up nicely with area of resistance
GBPAUD - LONG POSITION (8HR)CONFLUENCES:
- Strong upward trend
- Rejection of EMA
- Rejection of Fib level
- Rejection candle sticks in 4hr
- Potential weakness in AUD index
USDCAD - LONG POSITION (8HR)CONFLUENCES:
- Strong uptrend
- rejection from EMA
- Rejection from minor support area
- Rejection from fib level
- Potential weakness in CAD index
- Rejection candles in 4Hr
USDJPY - LONG POSITION (4HR)CONFLUENCES:
- Rejection of 50 EMA
- Bullish market trend
- Rejection of 78% Fib level
- Breakout from previous resistance
- Spinning tops signifying reversal
EURAUD LONG IDEA 3:1 REWARD FOR RISKThe pair broke out of a downtrend that had been putting pressure from 200ma and a resistance trend line. Now it is retesting and giving the opportunity of catching the reversal from the uptrend.
GBPJPY - LONG POSITION (8HR)CONFLUENCES:
- Bullish upward trend
- Rejection from 50 EMA
- Rejection from Key fib levels
- Spinning top and shooting star candles in the 1hr
USDCHF - LONG POSITION (4HR)CONFLUENCES:
- Bullish Market Structure (EMA Crossover)
- Rejection of 50 EMA
- Rejection of 71% Fib level
- Reversal candlestick patterns in the 1Hr timeframe
USDJPY - LONG POSITION (4HR)FX:USDJPY
CONFLUENCES:
- Elliot wave 5th leg
- rejection of psychological level (105.000)
- Rejection of 71% fib level
- Targeting 106.45 psychological area
- Bullish market structure confirmed by EMA crossover
USDCHF - LONG POSITION (2HR)CONFLUENCES:
- Rejection from 4HR EMA
- Rejection from 61.8% Fib Level
- Breakout from falling wedge pattern
GBPAUD - LONG POSITION (4HR)FX:GBPAUD
CONFLUENCES:
- Bullish market structure confirmed by MA crossover and break of previous high
- Breakover and retest of previous resistance
- rejection of daily 51 EMA
- Spinning top 4Hr closure
- Rejection of 78% Fib
