Pullbackbuy
Long Opportunity
QTT just came out of it's uptrend pullback.
At the start of trend continuation.
Opportunity currently exist for a couple points long.
Breakout after pullbackGot in the breakout after the pullback towards the current uptrend.
1)Stop loss is under the low of the pullback.
2)Profit target is around December highs.
Aim for Gap fillI believe a move is coming for a couple points Long.
The information is in the chart.
Good luck.
Entry at pullback towards recently formed up-trendGetting at pullback with a short stop loss under the local lows. Profit target based on the recent technical structure.
Will add 1/2 of the position at the pullback breakout.
Facebook shares - the worst is likely behind usFacebook shares have been punished for slowing growth, data breaches, and unauthorized uses of consumer's data. There is so much negativity in the stock price that this could be a great setup for the long-term investor. I believe the ship is righting itself here.
Breakout of the consolidation in the context of pullbackBreakout from the consolidation within the current pullback. My stop loss is under the pullback's low; the closest profit target is the high of the pullback.
FB - shares are firming, look for upsideSince hitting lows in November, the trend has changed alongside increasing accumulation. This is a prior leader, which looks to be a value play.
CLZ2018 618 Buy CLZ2018 just hit the 61.80% retracement point on its recent bull swing and found some support seemingly. Continuation players are taking this opportunity to add on to their long holdings. The Schiff set's Median Line is met here as well. A healthy pullback in a major bull trend that may lead to 127.20% extension. Short risk in oil is the preferred choice as long as the major higher lows and higher highs are intact. Trade with care!
EURUSD Potenital Long SetupEURUSD is seemingly in an attractive spot for continuation players. There's a bullish harmonic pattern noticeable on 240 chart. It went through 61.80% pullback on its bullish swing after hitting the 150 day EMA and is now above 38.20% point of the pullback leg. Increased odds that this pair will try to climb towards the 61.80% point of the pullback leg, perhaps test the gap area around 1.1725. Short risk on EURUSD is the preferred choice at this point. Wider stops beneath the recent low of 1.1480, tighter stops beneath 1.1530 and 1R-2R targets ahead.
EURUSD Broke Swing Low This pair broke the "BC" swing low and is seemingly heading for 127.20% extension and probably the 161.80% thereafter. There's the Median Line of the downsloping inside set as well. Previous long position is closed at breakeven. Looking for bullish reversal around 1.1350-1.1450 now. There are some signs of expanding triangle formation here as the "AB" high was broken by 39% and previous "BC" swing's low is broken currently.
EURUSD Probable Demand area EURUSD is going through the expected reaction after touching the 150 day EMA. It is probable that bears will take profit at the triple bottom area near 1.1520 and aggressive bulls might join for a scalp taking this pair higher towards the 1.1650 area. Bears are still holding on to their positions, first signs of a minor reversal will appear in lower TFs. Buying around 1.1520 with stops below 1.1480 and looking for 1R-2R targets seems reasonable.
USOIL Pullback Continuation LongUSOIL is going though a pullback phase, currently at 50% retracement and at 3.3 days' average price. Bears gapped down the grey shaded area around 6950, as long as the bullish gaps below are still open, bullish continuation has better odds. Upon closing higher than 6950 gap area, entering long with stops below 6920 seems reasonable, 2R-3R targets ahead.
CLX2018 2618 Buy SetupThis is a potential 61.80% reaction buy setup on the 240 min chart of light crude oil futures for the delivery month of November 2018. It will be a $1.5k risk per contract to have a stop beneath the previous gap highlighted in blue. Upon closing higher than the area highlighted in red, a test of previous supply area around 7100 will have increased odds.
EURUSD Potential Pullback EURUSD saw the anticipated bounce to the 1.1800 area. The pair is now forming a pullback pattern on the 240 after achieving a measured move on the "BC" corrective leg. Potential pullback long entry area around 1.1620, stops below 1.1550 and 1R-2R targets ahead.
Support Buying Opportunity CLV2018 is seemingly in an attractive buy area and demand is flowing in around this triple bottom after a hard selloff earlier. A break lower would result in a swing break and have long lasting effect on this pair. There's a Wyckoff's spring bar on the 4H that is almost complete. Signs of bullishness picking up are evident. Buying current area with stops below the low and looking for 1.5R-2R targets seems reasonable.
EURTRY Long pullbackBuy on support test after resistance is broken. Target is default Fib extension. Monitor it while it goes.
Trend Continuation Pullback Long EntryUSOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are expected to transition into a trading range and bears might capitulate soon after driving this pair higher. Buying 61.8% retracement with stops below the low of setup leg seems reasonable. However, strict risk & trade management is a necessity as the trade setup is a lower probability better R:R setup that should be approached with caution.
