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AUDUSD Long Trade *TL BREAK & TREND REVERSAL*I am looking to long AUDUSD if a few criteria rules are met. A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now. Look for price to break and retest the trendline and 1hr 50EMA. USD weakness going in to the rest of the week. TP1 is previous 4hr resistance @ 0.69200 TP2 could be 0.69800/0.70 or further
Long
by UnknownUnicorn772665
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. 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
Long
by WaveAnalysis
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
Long
by WaveAnalysis
1
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
Long
by WaveAnalysis
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.
Long
by UnknownUnicorn772665
1
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.
Long
by UnknownUnicorn772665
1
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.
Long
by UnknownUnicorn772665
8
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
Long
by FX618Analysis