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GBPUSD a good longGBPUSD technically shows us a good chance to start buying it. It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high. Plan A : we but today before the market closes then we watch the market how bullish orientated it is. Stop-loss: 1.28336 Take-Profit: 1.36497 Profit ratio: 2.64 Plan B : in the case we see further weakness of USD we need to be ready to terminate position and wait another low. For more ideas visit: mercuriusam.wordpress.com
Long
by EmilShakaryan
Long On AUD/USD BUY BUY BUY !!!Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and put in a Bullish engulfing -We are showing bullish momentum Also on the daily we are making waves and impulse moves We can clearly see a uptrend All this Put together we are bullish My entry 0.70950
Long
by ARFXC
23
Long on EUR/USD BUY BUY BUY !!!Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We have also priced in Higher HIghs -Although waiting for a break of the triangle formation would be the best thing to do i am more then willing to take a risk and only give away 50 pips if its Stop loss and if it hits Takeprofit then we will make a nice gain of 140 pips Key risk management and risk reward is KEY :) Remember History repeats itself My ENTRY 1.08434 GoodLuck everyone ! Happy trading :)
Long
by ARFXC
30
Long on EUR/GBP BUY BUY BUY !!!Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last week Friday - Today we are forming a bullish hammer of the Daily candle - We are riding the trend which is bullish - Remember the trend is you're friend weekly - We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see - on the weekly we cleared major level off 0.75000
Long
by ARFXC