SynergyTradingSetups

SynergyTradingSetups Updated 

OIL is breaking down from its horizontal support after an impressive 10% rally up. I expect a decent retracement and have entered the shorts shown. The 4h also shows it to be in a potential bear flag further supporting the argument for a pull back.

SynergyTradingSetups Updated 

Mid-Term bearish on silver with clear SLs TPs. Bearish divergence and hit a major resistance on a higher time frame.

SynergyTradingSetups Updated 

SPX Is currently in a bear flag although it is breaking the supply curve. We are bearish unless the price finds support above the red box (4100)

SynergyTradingSetups Updated 

Going long on oil again for a potential 3/3 in the past three weeks. Broke the support before coming back over, breaking the downward resistance and backtesting the old support once again as support.

SynergyTradingSetups Updated 

After ATH for the FTSE100, the development of bearish divergence within a rising wedge has occurred. This bearish pattern has broken down now and I AM SHORT at the current levels. I am looking for the price to come down to 7700 where I will take some profits. Followed by 7600, 7400, and finally 7000 I don't have a stop loss in place as I think it could put in...

SynergyTradingSetups Updated 

Double top confirmation, looks like a reverse adam and eve pattern. Bearish MacD developed.

SynergyTradingSetups Updated 

Oil has broken out of the curved trendline and backtested old support on the 15 min. I have taken this trade with small margin as the overall trend for OIL is down.

SynergyTradingSetups

Comment for reasoning. If this breaks down then I will be short in the medium/long term also.

SynergyTradingSetups

So the FTX mess really destroyed the potential that crypto had to rally. The DXY broke down as we predicted hitting our third target on Friday, letting the stocks and currencies rally against the dollar. However, crypto was left out of this rally because of the FTX mess. So where is the next opportunity?? After not holding 19600 and breaking the 18500 support...

SynergyTradingSetups

Following from my last BTC update the price action has followed what we wanted to see. - Breakout from the supply line. - Break of very important 19600 level. - Bullish divergence starting to play out. - MOST IMPORTANTLY fall of the DXY. I believe a rally will ensue for a few weeks. There are some alts that look like great opportunities which I will post in...

SynergyTradingSetups

BCH LONG TRADE SETUP Reasons: - Quadruple Bullish divergence on the MacD implying seller exhaustion. - Breakout of Bullish falling wedge. - Bullish bat completion with the price hitting 0.886 retracement level. - From high to low, the price hasn't retraced the minimum Fibonacci levels. The third trade target is the 0.382 level from low to high.

SynergyTradingSetups

As stated in my DXY trade set up a few days ago the GBPUSD pair and stock market should've been watched for bullish reversals. - The GBP/USD pair is sitting under resistance and breaking out of a triangle after an initial impulse up. - What were looking for is a breakout and confirmation of the triangle. And then a break of the resistance marked by the orange...

SynergyTradingSetups

Sand is incredibly bearish. There is nothing about this chart that suggests this asset will gain value any time soon. Reasons why it's bearish - In a downward channel for over 2 months with no threat of breaking it. - Just broke 80c support and backtested it as resistance. - Both the RSI and MACD look set for negative growth. The short will be active until...

SynergyTradingSetups

A very simple idea. The chainlink chart looks horrible, with clear distribution with three consecutive lower highs on the daily that are creating downward momentum and look like they're going to break the support. The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually. I am...

SynergyTradingSetups

So the DXY has been parabolic in recent months showing no weakness at any point, annihilating all other assets, until now? Simple point of view: - The DXY has not made a lower high on the daily timeframe since the start of its bull run around 2 YEARS AGO and it is currently working on one. - To confirm this lower high it would have to break the support line...

SynergyTradingSetups

Many people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out. However, if one was to look at the chart there are a few things that are evident: - Bullish divergence...

SynergyTradingSetups

Eth reacted around the 88% retrace of this bullish shark, since then its risen around 10%. Not many indicators show bullish signs so I wouldn't take up a position around here. I got in at 2940 with 20x and will look to add if we fall to around 3130, a break and confirmation of 3000 would make me close my position. Initial target is 3500 however I only plan on...

SynergyTradingSetups

After reacting perfectly at the Paz of the bullish harmonic, Silver broke the short tf support line and dropped back only to make a higher low and a type two return. The bearish divergence already played out and turned into bullish convergence. Potential entry around 22.5 if it retraces and targets are initially A and C of the harmonic. It is important to watch...