Get started

Confluence

AUD/USD HIGH PROBABLE REVERSAL, BULLISHPrice Action (Technical Analysis): Expecting price to either begin to Consolidate or Break Lower Lows. My bias on this analysis is to go long because this pair is rallied at our Monthly Support Zone. In the case that price begins to break higher highs & lows, an Ascending Pattern of some sort would be a great sign to look for a break above previous low (C Leg) then find entry reason at an exhaustion if confirmations present themselves. In the case price fails to give us any Candlestick Pattern Confirmation in the 4H/Daily/Weekly Time-Frames and continues to break below. This Idea will become Invalid, Breaking our Optimal Low Risk, High Reward Analysis. We Re-Analyze this pair with the Newly Presented Data and anticipate our next Golden Set-Up. Fundamental Analysis: Will Analyze after price starts presenting us confirmations for this Idea.
Long
by RiosTrades
Algorithm Builder : Please ask me if you're stuckHi everyone A quick post to share a story that happened less than 20 min ago. I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market" 11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him a strategy with a stunning 63% win-rate, 3 Profit factor - on a period of 10 days, ending today Our chat imgur.com Performance of the algorithm across the last 10 days on a market not very volatile: imgur.com I'm not writing this for trolling, I don't care at all and I surely have better use of my time I just want to convey a message that if you don't know/understand how to use my Algorithm Builder, please ask me. I won't bite and I'll even advice configs People are asking me every what I do use for trading and if I use the scripts I share... short answer: YES and the main pinnacle of my trading is the Algorithm Builder. I make every day for my clients any algorithm on any market, any timeframe in less than 15 minutes. Now some of my clients got even better than me at designing signals with the tools.... (I'm a bit pissed about that, to be honest, but so happy they're learning) You'll be able as well with a bit of practice, it's honestly not hard. Even my sister is doing it and she doesn't even know what the indicators inside mean... I'm here to help so shoot me your questions/concerns/feedback. I can't guarantee your success on the financial markets because psychology plays still a huge part but I did this in 11 minutes guys and you already have the tool available for a free week trial This is a generic script to detect the confluence/convergence between unrelated indicators Algorithm Builder More on that tomorrow to come, my friends. Dave
NSE:NIFTYEducation
by Daveatt
Trade setup: EUR/GBP analysisadding more positions to this trade, momentum is more dominant towards the downside, signs of reversal have risen the validity of this trade e.g head and shoulder pattern.. price action is also consisisting lower highs and lower lows. I mentioned more details as to why im scaling this positions previously from the perspective i gained from the higher timeframes. -message me directly to privately join my team, and get more intra-day signals thanks.
Short
by danresdidualfx
Medium-term trade setup: EUR/GBP analysisprice has overextended into the highs of 0.9000 which is a key psychological level, looking closely at candlestick behaviour we see wicks rejecting the highs showing a slowdown in momentum into the regional area of 0.9000 which has several confluences acting as a resistance. Fundamentally, the strength of the sterling ahead the next couple of weeks(lowered chances of no-deal Brexit) would be the catalyst needed to outperform the EUR and reverse to areas of support like 0.88000. Great risk/reward trade 1:5 trade safe my ppl!
Short
by danresdidualfx
ETH: Possible entry hereThis appears to be a decent entry point for those looking to get into the ETH market. We're bouncing off the golden pocket of the FIB retracement, bottom of channel, etc. If we pop above that pivot, I believe we're headed to test the read resistance box and R1 pivot again. If I were day/swing trading, I would enter here and take profits at $360. I don't trade BTC or ETH in this price range. You never know where the crypto market is going to go. I'm just making buys at retracements whenever possible and holding on to them.
BITFINEX:ETHUSDLong
by infbp22
Weekly Market breakdown- EUR/GBPThis is a potential setup that has definitely interested me, this is because the price has overextended as we've seen many consecutive bullish weekly candles, however, the price has approached monthly resistance and key liquidity region meaning there may be some profit-taking by institutions around this region, but to a lot of traders price may be easily displayed as a liquidity pool zone. Therefore, wait upon signs of rejections around this zone that conveys exhaustion in buying power before taking possible shorts. Medium targets maybe 0.8000-0.7000, this is in confluence with the 50% fib retracement zone as our point C area of the pattern.
Short
by danresdidualfx
2
BABA- Nice entry point, decent Risk:RewardBABA has been correcting for some time after it's nice surge. Never mind the trade wars, it's showing healthy correction and possible continuation. We have confluence near this point with the bottom of the channel, major .618 (golden pocket) FIB point. Some signs of possible movement upward are: bullish divergence on the 3D chart, TD sequential at 9 on the downtrend, L-RSI bottoming out, etc. The predicted increase to $200+ would put a profit gain of 30+% on a swing trade.
NYSE:BABALong
by infbp22
GBPAUD Retest Neckline, Reversal off .382 & .618 Fib ConfluencePrice was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection: 1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg 2) This level correlates precisely with the .618 retracement of the Impulse Leg 3) This level is a perfect retest of the broken Head and Shoulders Neckline. 4) This level is also surrounded by a strong area of structure (highlighted in yellow) Best of luck traders! Please support my page by Liking, Commenting, and Following me. I really appreciate the motivation! Contact Me: Telegram: @AidanMDang LinkedIn: www.linkedin.com Or simply send me a message on Tradingview! See my recent GBPAUD Posts Below:
Short
by AidanMDang
2
GBPAUD Broken and Retested: Flag, H&S, And Ascending TrendlineAfter reversing off of the .5 fib retracement, GBPAUD is giving us a nice opportunity to follow the trend further downward. We have multiple confirmation signals including: 1) A broken and retested ascending trendline 2) A broken and retested Bear Flag 3) A broken and retested Head and Shoulders Pattern We also have a potential AB=CD pattern with the D point converging with the 1.414 extension of the AB impulse leg. First target will be the most recent support. Second target will be the 1.272 extension of the AB impulse leg this area is quite a strong area to take profit because the 1.272 extension has nice confluence with the next level of structure Third target will be the 1.414 extension of the AB impulse leg. Final target will be the 1.618 extension of the AB impulse leg, a level which also shows strong confluence with structure. Please Like, Comment, and Follow Goodluck!
Short
by AidanMDang
1