Longshot_nl's confluence system

eur gbp 30m

can trade retest either direction of pending break

The roundish bottom may cause to break this level.
Instead i wait till this congestion is over and trade a retest of this level from above or the congestion from below.

today NFP....

eur usd 15m

wonderfull level retests.

eur gbp 4h

going to top of expanding triangle.

I will look for short position with 5 pip sl there on 1m timeframe.
risk 5 pips. reward minimum of 200 pips.
and add on the way.

i missed some trades so i re-organized my desktop so i hopefully won't miss a trade.
I will be posting smaller charts though.

even with nfp it worked for a little while, then level broke..

its after neckline tested its a double top.

it has arrived. now i will look to short it lower tf.

UJ
It could still be a pennant.. but if the bat below takes shape i might disregard it.

If you followed this thread you know how i messed up my UJ trade.
I have no new entry for the pair. I just want to sell it unless a really good bullish setup happens.
I might take a scalp trade and just let it run but large chance it will be stopped out.
Lucky for me there are other opportunities.

For next week i will be mainly monitoring in order of my interest:
- eurgbp is my favorite it got rejected a little by the top of the triangle. I will be looking to short it and keep adding. Like i should have done with UJ.
- eurusd broke and retested channel. But it also found support on another higher time-frame level. I have to be bearish short term. The technical target for breaking a channel is not met. next week i do think the pair may meet 1.1521 where there will be a better short opportunity.
- audnzd missed the neckline by pips. I will not short it directly but after confirmation.
- usdjpy i would not be surprised if this pair made a bullish crab or butterfly. In which case it would be rejected by the 111 level or 111.32 level.

Other pairs i already posted charts of:
- eurchf is bumping against my level but may break it. My target would be 100 pips away so its not a favorite of mine.
- nzdusd made a double top which retest failed. The pair just wanted the monthly pivot point. At this point i do not want to trade it. perhaps only if a low risk setup occurs.


Other pairs:

audusd weekly comes from a double bottom which is not yet been tested. about 100 pips upward i will be looking for a short opportunity towards this level.


eurjpy weekly i will look to sell from the downward trendline next week. If euro pairs go down that means the yen must down harder at the beginning of next week.


audjpy weekly may become the biggest bat in the history of harmonics.
Its now at the top of a channel so i will try to find a short position.


usdcad weekly is just above a price action level. I will try to buy there.


gbpusd weekly is a big pennant which shakeout already happened. I will be trying to short at the arrow.

usdjpy might become a bat.
although is is uggly. the 50% fib level is violated so for me the only way it would work is if the length of AB is the same as the length of CD.

I would be looking to buy here if nothing else is happening.

Not sure if it is becoming a bat, but I like this line:

I would trade this rising wedge/pennant off .6064. Any comments?

Apart from the fact I posted this three weeks ago:

Flag on H4?

a pennant should have a steep pole. yours does not have one.
i would not call it a wedge yet either since price can keep going up.

sorry

i look at the 23.6 fib for many jpy pairs.

chfjpy perhaps first.

Sorry? I'm much obliged for your opinion.

I am short eur yen and chf yen.
both 23 fib + congestion.