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Buy-setup

COULD THIS BE ANOTHER SHARK?Hello traders! We are monitoring the development of another shark pattern on the dollar cad. We took the opportunity on the previous setup and could possibly get another buy opportunity here. As the name suggest, the shark pattern has impulsive behaviors as you can see when the market failed to break the 1.13 extension of the AB leg on the previous setup. We see the impulse reaction towards the previous low, typically between the .886 retracement and 1.13 extension of the 0A leg for a potential reaction. This reaction is usually impulsive as well which makes the shark pattern a volatile pattern. Traders should monitor price action near or at the reversal zone for trading opportunities. This is an idea, not a signal, published for educational purposes. Trade smart don’t gamble! -Rum For signals, be sure to sign up for our signal service coming September. To learn more about shark patterns, visit Scott Carney’s channel on YouTube for more information.
Long
by PipTips
1
$US30 - ROUND NUMBERS GALORE - RECOVERY COMING UP?Not the best inverse head and shoulders I could've hoped for but still decent enough offering a good risk:reward opportunity. Currently forming the right shoulder so up to every trader's discretion whether they want to take this conservatively waiting for the slanted neckline break or at the end of the right shoulder formation. A vaccine probably coming sooner than expected? :O Hypothetical scenario: (1) Entry @ 20000.0 (Buy Limit) (2) Stop Loss @ 18500.0 (1500 Points) (3) TP1 @ 22640.0 (2640 Points) (4) TP2 @ 25000.0 (5000 Points) (5) TP3 @ 27000.0 (7000 Points) Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
OANDA:US30USDLong
by Aqua_Trader
3
CHF/JPY | BUY TRADE | 58 PIP TARGET | +1:2 R/R!Stark correlation between this pair and OANDA:CADJPY . (view related ideas below) Hypothetical scenario: (1) Entry @ 110.200 (BuyLimit) (2) Stop Loss @ 109.940 | 26 pips (3) Target @ 110.780 | 58 pips (4) R:R = 1:2.23 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Long
by Aqua_Trader
CINA - positive expectations to watch out with China US tradewarNext on the list for review is CINA ISIN: LU1900068914 Base Currency: Eur Total Expense Ratio: 0.65% Importance price levels going ahead CMP: 156.88 R1: 157.36 R2 : 163.77 R3: 173.32 R4: 190.05 S1: 154.64 S2: 151.46 S3: 148.74 S4: 142.81 S5: 138.65 More Pivots are available on the chart CINA, the fund, is one of the funds, that has not completely shown the impact of the positive news of the China US trade settlement initial positiveness and could potentially show a rally Price got into an uptrend in 2019, making higher highs and higher lows. Price started to breach the trend line in the month of Nov 2019 and tested the lows of the previous month. On 3rd Dec 2019, price found support just above the levels of 138.90 indicating the break out from the trend line maybe fake and await price rejection/ price confirmation of trend line On 17th Dec 2019, bulls finally pulled up the price above the trend line and has stayed above that since then. Price currently has made an attempt yesterday (17th Jan 2020) to breach the resistance levels of 157.36 (intraday) but couldn’t close above this level and closed out at 156.88 Very interesting times ahead. Look out for breakouts and supports from these important identifies levels Please share your comments and views below and share a thumbs up if you like what you read. Cheers
MIL:CINALong
by LoveForCharts