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GBPUSD: moving sideways, possible trade scenarioCable strengthened last week even though Sajid Javid, the Chancellor of the Exchequer, resigned... ..since the beginning of this year GBPUSD was moving sideways with the highest price around 1.321 and lowest around 1.287. Last week it broke above 1.30 again and it seems like it was a false breakdown below 1.2945. I will wait for a pullback to 1.299-1.2945 price zone for joining bulls with t/p target around 1.312 (R:R at least 2.85). Today is Holiday in USA, so the liquidity might be low. Keep in mind that this idea might be realized in several days and opening long position in GBPUSD results negative swap. // Feel free to share your opinion/position via comment and follow me to stay updated.
Long
by GIgor_021
USOIL: closely monitoring..which direction going to go?Global uncertainty around coronavirus still present and oil price is pretty much under selling pressure.. ..according to the trend it seems logical to join bears if the price closes below the triangle chart pattern formed on 4h time-frame. However, if there will be any sign of positiveness regarding vaccine or OPEC members decide to cut the supply of oil the price should go up, so it's better to be prepared for joining bulls from a certain point. Enter/exit levels are on the chart, decent R:R in both cases. // Disclaimer: The published idea is my opinion, not investment advice. // Feel free to share your opinion/position via comment and follow me to stay updated + hit like button to support my work.)
FX:USOIL
by GIgor_021
EURUSD: impatient long scenarioI think aggressive buys can start above 1.1095.. however for EUR bulls and for those who are playing with thought that we are going to see that level, entering the market between 1.104-1.1008 price zone with 1.112 T/P provides decent R:R (at least 2.5). Keep in mind that this idea might be realized in several days and opening long position in EURUSD results negative swap. // Feel free to share your opinion/position via comment and follow me to stay updated.
Long
by GIgor_021
GBPUSD: possible long scenarioThis idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86) If the rate remains unchanged it will be a positive scenario for GBP and it might continue going up without any pull back.. Keep in mind that this idea might be realized in several days and having long position in GBPUSD results negative swap. // Comment your opinion and follow me to stay updated.
Long
by GIgor_021
EOSUSD: optimistic scenario..what's next?Already with bulls since around 3 price level.. unreal. P/L around 40%, what should i do? Should i close the position now? Don't think so.. 1. Cryptocurrency market is breaking out, this month already had 5 posts regarding BTC, BCH, TRX, ETC and ETH.. 2. EOS volume profile provides most traded area in the last 6, 3 and 1 month, so in my opinion selling around 3.8 price level is decent.. 3. In this case i am risking 17% (with 23% profit in my pocket) with R:R ratio 3,8.. 4. If we think from another point of view i have two options: 100% vs. 23% 5. Nothing more to add.. am i loosing this time..? No.) Feel free to share your opinion/open positions via comment and follow me to stay updated.
BITFINEX:EOSUSDLong
by GIgor_021