Navios NNA short setupGaps (g) could attempt to fall one last time before fulfilling the head (h) and shoulders (s)
Confluence
USDCAD Bull VibesConfluence:
-Weekly Support being respected (1.30000)
-Broke A Downtrend Line and retested it
-Previous zone has yet to be retested (1.33000 - 1.3165 on the 1HR Chart)
-Higher high candlestick close after retesting the breakout (1HR Chart)
EURUSD SHORT 1HR1Hr EURUSD SHORT analysis.
Confluences
* Price action suggesting a retracement after spike
* Daily trendline bounce
* Fibonacci repeat retracement
Prepared for a long on DAILY TRENDLINE break.
Enjoy, comment and like :)
For my man vDr78-- a look at TEVA pharmaHeres a stab at fibs for TEVA. unfortunately, i can't give you a target entry because it looks as if the company has been selling off all year, with the exception of a couple of pullbacks. Healthcare industry is risky atm! If I had to go in, it would be after a move upwards to the bottom rectangle. That's how I tend to chart at least. Be careful!
Sell AUDUSD - Daily Supply & potential S/R confluenceSetup based off Daily Supply Zone
-Initial move away 6:1
-Fresh level
-DXY in/approaching Demand
-Potential Support/Resistance Confluence
-5:1 Reward to Risk
Cypher's Pattern SetupConfirmations:
-D point confluence with higher timeframe fib level
-RSI High
-Strong trendline
*Note*
I personally will not trade this setup, because it is against the trend.
Price more likely stay sideway and never touch TP.
USDJPY: Such confluence! 4.5 R.R!Greetings comrades!
Been doing soooo great this week with over 700 pips in 2 weeks!
Found some really great confluence at the 61.8 area! Such a high chance that it will go bearish!
Found a whopping 4.5 RR here!
Happy hunting my friends! :D
AUDNZDMarket is in a downtrend, however the recent outbreak to the upside can be a potential relief rally for the market, and after i this complex pullback has completed the market is going to retest structure lows, and maybe even carry on the underlying trend, which is bearish
GBPUSD FIB CONFLUENCE IDEABased on the pattern formation that starts looking like a H&S that lines up perfectly with fibs and trendlines i dont this might play out?
(Daily) Waiting for this Bullish Bat at ConfluenceFX:USOIL
I will wait for divergence above those fib levels, and also for oversold conditions;
Safe Trades;
Tesco Confluence PointTesco (TSCO:LSE) looks to be approaching a confluence point around the start of February. RSI has been finding support around the 40 level or just below indicating that if price can manage a gentle glide towards this point there could be a move up off the confluence in Feb.
USD/CAD Shorting OpportunityHey traders !
So as we wait for our EURGBP trade to unfold, There is something else on the radar that we can be taking advantage of. This is a structure trade using some simple tools to validate and confirm the trade. The trading opportunity comes from the bearish outlook on the trading timeframe, and recent bearish sentiment on the daily timeframe + the correlation of USDCAD and black crack(oil) adds it to my bearish bias, we start looking for bearish opportunities.
(BTW we do this everyday inside of Forex TV our live trading room)
In this one, its pretty simple, price broke levels of support, and now its coming back up to retest and resistance. We put in a 1 to 1 measured move, we have fibonacci confluence with s/r and if price is able to give a valid double top which its forming right now, we might have our candlestick entry technique to get in the trade(just waiting on that divergence from the RSI).
The targets for this trade are going to be at the previous support and then we are also predicting a longer move to the downside atleast up till the 1.618 which lands right above a previous support look alllll the way left.
Like always, if you have any questions feel free to comment below
EURGBP double bottom long opportunityEURGBP may form a double bottom at a high probability confluence area. A recent support level, 0.382 and MA200 line up with RSI divergence. looking for a higher low and h4 reversal confirmation before entering.
Is Twitter a Flop or a Buy?I might buy at current price, buying the dips until im sure the downtrend has ended
GBPUSD - 2 Trade setups for the month ahead. WeeklyForexThe pound has a little further to climb versus the dollar.
This week ahead will be all about correcting the dollars price from most recent FOMC before continuing its ascent into greater bullish zones. With most recent fundamentals strengthening the Dollar, we have to look at our other pairs and take advantage of the confluences and circumstance.
BUY @ 1.2472
STOP @ 1.2339
LIMIT @ 1.2740
ORDER TO SELL X @ 1.2740
STOP @ 1.3154
LIMIT @ 1.1403
INSTAGRAM @WeeklyForex
NZDUSD short idea from confluence zoneSeveral fib levels and a long term key zone align in the 0.7230-ish area. Looking to short after a H4 confirmation candle. Thight stop-loss, high reward.
"Bearish Cypher/Gartley/ABCD Pattern" - Dollar/Swiss***Bearish Butterfly Pattern if you ignore that news candle***
#tradewhatyousee
short EU @previous support and fib confluencesee chart - previous support, now resistance and 0.618 retracement level come together around 1.1130 - so placing 2 short positions there, one shorter term and one longer term.
Bearish Bat near Completion NUEven though it formed a double bottom from at points A and C, if you drag your fib from A to B the candles closed just over .886 which validated this bearish bat pattern. Looking for a push up between .7230-.7245 before taking a sell. First TP would be 38.2% retracement, Second TP would be at the 68.1% .
Extra confirmation
1. Testing a daily resistance point at .7225
2. Divergence from X to D on a 4h chart
3. Supply Zone from .7260-7230
Would Love some feedback & thank you guys
Good luck trading
