NZDCAD long trade ideaLooks like NZDCAD is holding a bullish momentum and Looks good to take a long trade from this point.
Longtrade
USDCHF Long Trade SetupHello Traders
My expectation has been an up impulse to 1.035 at the minimum and it remains valid but because of the new low, my forecast has become a bigger correction before that upward impulse. As far as I can see, it's making a running flat and the current drop is the B wave in it and based on what we have so far, the last bottom can be the end of Y. After this point, it will either make X or C. In the case of X, I'll hedge my trade, otherwise, I'll book my profit around 1.0000. Now, I'm waiting for a small correction to place a pending order above the lower degree reversal impulse.
For more details and the daily updates please watch my daily analysis videos on Youtube.
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Trade with care.
Bulent
EURCAD Long Trade SetupHello Traders
The previous bottom can be the end of the monthly running flat, and we can have a crazily big up impulse. But my forecast is a correction under the orange trendline and more downside for a deeper running flat. So my expectation is an up impulse anyway. That's why I want to take a long trade. Downward structure bounced back from 0.886 retracements of the green A, and what it has been making after that looks like a reversal pattern. That's why I placed a pending order over the last top. My target is 0.272 extension of green A, 0.382 retracements of down impulse and the trendline.
For more details and the daily updates please watch my daily analysis videos on Youtube.
For twice as many trade setups and many more benefits, join the trading group.
For some extra content and other good stuff, please visit my webpage.
All links can be found in the signature section up above.
Trade with care.
Bulent
Eurusd medium term long opprtunitymarket is making its retracement moves . we will wait for market to come in to our market zone. then we will follow price Action here . if we get further confirmation we will look for long entries
GBPJPY Intraday Long TradeIntraday entry for GBPJPY long trade.
4hr bullish TL, higher low, price is rejecting the previous support/resistance zone at 143.500
Looking to take price back up to new higher highs at 149/150.00
AUDNZD Long Trade SetupHello Traders
It looks like we have a complete 5-wave impulse and now, it should make some upward structures. Because of the unclarity of the higher timeframes, I can't say if it will make a pretty big up impulse or correction for more downside, but my main forecast is a correction. I placed a pending order above the potential reversal impulse, but the SL is too big for this chart. That's why I'm also waiting for a bigger correction and a lower degree reversal pattern to find a better entry.
For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
AUDUSD Long *INTRADAY TREND FOLLOW*AUDUSD long position now entered. My intraday position is to take this long trade up to new 4hr higher highs at 0.69800.
Nice support zone at this level, bullish trendline, higher low and fib 0.618 level.
Stop Loss - below 0.786 fib & bullish TL
TP - New higher high @ -0.27 fib extension
AUDUSD Long Trade *TREND CONTINUATION*Aussie Dollar is making nice bullish waves on the 4hr and daily timeframe. I am looking to capitalise on this and enter another long position on the nexxt higher low that forms.
I have a few confluences to look for.
1 - previous support/resistance zone on the last highs (coloured box)
2- Bullish trendline
3- Fib retracement levels (0.618 is in the coloured box support zone)
Entry upon rejections of the fib 0.618 and support zone or the fib 0.786 level and trendline.
GBPJPY Long Term Carry Trade *BACK BORIS*I am now entered into a long term buy & hold position on GBPJPY.
Price has broken out through multiple resistance levels last week on the back of the new conservative majority. Thursday/Friday saw the fast money come in to the markets with heavy short term buying.
Price is now consolidating probably caused by profit taking on the speculation trades and the bigger buyers waiting to buy in to the continuation. I am long GBPJPY from 146.00 with a large stop loss and multiple targets.
You can see the consolidation on the 4hr timeframe chart with price being held up by the daily pivot level, fib 0.382 and lower timeframe 50EMA.
I believe we could see GBPJPY at 155.00 by June 2020.
Why GJ?
GBPJPY benefits from positive swap fees with GBP having an above zero interest rate and the Yen having negative interest. There for it pays to hold this trade with daily swaps being paid by my broker to me.
EURNZD Long Trade Set Up *DAILY TREND & HIGH R:R*Here is a potential long trade set up on the Euro / New Zealand Dollar FX currency pair.
Daily Timeframe - Nice rejection of the daily bullish trendline drawn across the last 2 higher lows. Price has made higher highs through September so the higher timeframe is definitely bullish for me.
Lower Timeframe - Price has broken the 1hr bearish trendline and produced a higher low and higher high over the last few trading days. Price is now pulling back in to the bullish daily and 1hr trendlines supporting price. I am looking to enter a long position if prices reaches the coloured zone on the chart.
This zone would be a bounce off the daily pivot level, 0.786/0.618 fib retracement levels, 1hr bullish trendline to hold strong and a higher low to form.
By entering on the 1hr timeframe I can get a fairly tight stop loss and then swing trade the daily trend up to new daily highs. This could see price reach 1.80 next!
With a 45 pip stop loss and target profit at 1.80 this could return a mega 25:1 RR before any scaling in.
BTC/USD LONG BTC/USD long term
Trend Lines
1 target : ~5866 $
2 target : ~20 000 $
3 target : ~100 000 $
AUDUSD Long Trade *SWNG TRADE TREND*I am looking to go long AUDUSD up to new highs on the daily trend.
Price seems to be making a higher low on the fibonacci cluster zone at the 0.618 and 70.68 retracement levels of the previous swings.
Stop loss below the levels and targeting a new high at 0.70
CADJPY Long Trade *DAILY TREND CONTINUATION*All CADJPY short positions now closed.
I am looking to trade the daily bullish trend up to new highs. Trendline bounce, daily rejection of bullish trendline and fib 0.618 retracement zone.
Stop loss below the shaded zone on the chart.
Profit target at daily fib -0.27 extension
US Oil Long Trade *TREND CONTINUATION*I am still buying oil on the bounces off this bullish trendline. Until this trendline is broken, US Oil is still bullish in price action with higher highs and higher lows being made.
My target sell zone is $60 per barrel maybe $60.80.
AUD/CHF The price will goes with our direction 0.67707
Note: this is not investment advise,This is for educational purpose only, this is just my opinion , i do this analysis in demo account, you can't make money or loss money through my opinion.
AUDCAD Might Attempt To Tackle 0.92000 Level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
NZDUSD: Long Trade SetupPrice seems as if it has completed a simple running flat structure. This running flat also has the potential to emerge into an expanding flat. A long trade seems probable because the Stochastic RSI is signalling a buy setup. Wait for clear confirmation before looking for any long trades.
NZDUSD Long Trade *TREND CONTINUATION*Following on from consecutive higher highs and higher lows on this timeframe. I am now looking to go long on NZDUSD here at the bullish trendline and fib 0.786 level.
The daily 50 EMA is also at this level and should act as a higher timeframe support.
I am targeting a new higher high at the 0.65 key level which coincides with the fib -0.27 extension level.
EURAUD Long Trade *4hr TREND CONTINUATION*Potential to long EURAUD and keep riding the current bullish trend.
Consecutive higher highs and higher lows being made. The bottom trendline has held strong with the 4hr 50EMA
Looking for a new higher high and targeting the -0.27 fib extension for target profit 1.
If this level breaks then the larger fib extension could be reached for over 5:1 RR
AUDCAD long setupOn H4 the pair retraced to the 61.8 fib level which, to most people exemplifies a breakout. Most times this is wrong as the market makers will pullback to this area (where a lot of folks put their pendings for breakout trades), grab all the liquidity that's sitting there, and then pull away in the opposite direction which is the intended trend. Sometimes they will even stretch it out an additional 10-20 pips to get your hopes up only to take it all away from everyone. If this happens to you, close your trade and go the other way along with them. Set your TP every 65 pips all the way up to .9085 area at which time we should see signs of a slight pullback for more liquidity. Let me know of your thoughts and ideas and analysis below. We're all in this together, let's make some money together, cheers!
USDCHF Likely to Test Parity After Trendline Break!Please check the chart for entry and stop details. shall there be any updates i will provide them in the thread below. please note that there is detailed technical and fundamental analysis that are incorporated into this trade of which majority are not visible. Cheers
EUR/GBP Resistance Breakout We may have missed the beginning of long move but the moves target seems first 0,913 and than with another breakout 0,920.
We also should watch the news about the Brexit details. In case of a possible agreement between UK and EU, we can see some steep downtrend as well.
