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Confluencetrading

2951+ pips and counting !.Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis. Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after the bearish move is complete/over or when the bears are exhausted (it's all the same thing), to complete the other part of the right shoulder and after the Inverse Head&Shoulders pattern is complete, you know what next to expect !. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please cheer us on, leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
BITSTAMP:BTCUSD
by LaBOSS_FX
Bitcoin Analysis complete ! Inverse Head&ShouldersA little insight on the Inverse head and Shoulders An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. I call a short short (a short sell) And as always for bitcoin: Stop Loss = 500 pips Take profit = 5000 pips #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence
BITSTAMP:BTCUSDShort
by LaBOSS_FX
2
XAUUSD Analysis complete Inverse Head&Shoulders !.Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon. Let me explain what the head and shoulder pattern entail and how to trade it.. THE HEAD AND SHOULDERS PATTERN A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. NORMAL H&S Left shoulder: Price rise followed by a price peak, followed by a decline. Head: Price rise again forming a higher peak. Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head. INVERSE H&S Left shoulder: Price declines followed by a price bottom, followed by an increase. Head: Price declines again forming a lower bottom. Right shoulder: Price increases once again, then declines to form the right bottom. #forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence If you like this post please leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
FX_IDC:XAUUSDLong
by LaBOSS_FX
Yields are bringing the yello metal back down to restest S levelBulls have taken price all the way up and they are exhausted at the moment, is this consolidation going on meant for them to gather steam to continue their bull run or is the consolidation for testing the resistance in this level? I believe Gold has touched a confluence over here and the bears are going to take over and bring price all the way to the 1735 area before the next major move. Like I always state, this isn't financial advice, do your own analysis and trade wisely because trading CFD's on margin is very risky for noobs. Have a great one! Cheers!
FX_IDC:XAUUSDShort
by LaBOSS_FX