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LOW

GBPUSD : What's happening & what to expect ?Hey Guys, You all know I don't use complex elliott waves and have my own rules for doing wave counts & I keep those counts as simple as possible. From last week, most of us are confused whats happening with GBPUSD, even in chat rooms there is heavy discussion on gbpusd. When I opened the Gbpusd, ( Note: I was already annoyed with last week), So I skipped & said to Myself "Ok,next pair ". Before moving to next pair I noticed the wave count and once I did the wave count, it all made sense to Me ( kinda sunshine), ok the chance is here. This is what I feel now. Wave (v) completes right at the historical low and while I'm typing the price moved below the lows, may be it will retrace back if elliots are to work. So, look for patterns in lower timeframes (15mins) and bullish reversal signals around the GBPUSD low zone and plan your trade carefully. Be really careful while trading bcos it can breakdown or come up along with corrective waves beginning, if later happens, yea that will be awesome... We have equal amount of chances to be Right or to get wrong ! Important Note : Don't expect immediate reversal or Entries based on small bullish candles in ( 1min,5min,15min) is highly risky, so better avoid that kind of entry's. Wait for proper pattern setup (15mins) or clear bullish reversal on minimum hourly before getting in. No hurry's , capital protection is our Primary Aim !
Long
by InsiderB
18
USDCAD Possible Long-Term TradeI can see very clearly a massive resistance/support zone which was broken and now is being retested with a beautiful candlestick rejection, Monday formed very nice low test rejecting 0.5 level as well as new long term support level. I will wait for further deceleration and for Tuesday`s intra-day signs of bullish momentum coming in. This analysis doesn't mean it will happen for sure because anything can happen in the market and nothing is certain.
Long
by mikeeofficial
EURJPY SETUP - BULLISH EURO,POSSIBLE NEW SWING LOWS?Bullish price action may see new swing lows @ 106.989 area in a few weeks? as the pair has consecutively made Lower highs and lows. 1) Break and retest of trend line 2)strong resistance levels @ 114.467 area + downside moving averages for further confluence for continuation of bullish trend conformation 3) Daily candle closed as an bullish engulfing previous days + broken and closed daily below resistance 114.467 area 4) If resistance holds @ 114.467 zone and price breaks 113.847 warrant shorts 5) Target 1 @ 112.354 6) Target 2 @ 110.939 7)Target 3 @ 109.231
Short
by BillionsFx
1
Bet on the support reboundThis trade aims at the short-term rebound from the historical low. Since June 07, short-sellers initiated a selling force to test JD's the 52-week low. The price was driven down,but no volume followed. However, when the price was reaching the 52-week low, there are people collecting the dimes, on June 16. Maybe the short-sellers were covering here. I think it is a good bet on a short-term rebound. Here is my plan: 1. Stop Loss at 19. 2. Profit taking at 23 or Time Exit in 5 days.
NASDAQ:JDLong
by cwho2090