Get started

Pullbackbuy

EURUSD Pullback Long SetupEURUSD has almost reached 61.8% retracement of its setup bullish leg. Demand is expected to enter around this area. Limit buy orders at 1.1630, the 61.8% retracement area, and stops around previous low of 1.1528 is the trade setup. The context to the left of the chart is quite bearish, making this a lower probability reversal trade with a decent reward for risk. 2R-3R targets are achievable if buyers prevail here. This trade setup should be approached with caution and strict trade & risk management.
Long
by Zoen_Trieste
2
Trend Continuation PlanUSOIL, as stated in earlier ideas, went parabolic these last couple of days. It seems many sellers' stops got caught during this move. However, higher TFs now show a healthy trend continuation patterns evolving. At this point, there was a failure test below previous psychological high and now this market seems ready for a pullback formation before another bullish impulse leg. Anticipated supply zone is around $75.50, pullback long entries waiting around $70.50. The plan is king as long as the price is within the anticipated bounds.
NYMEX:CL1!Long
by Zoen_Trieste
NZDCAD SHORT TERM PULLBACK After the huge selloff on this pair, on the weekly/daily timeframes we have rejected a key support area as well as a long term trend line with a low test candle on the weekly and bullish momentum on the daily. After seeing this, I always look to the intra day charts to see if there is any sign on a trend change. What you can see is a triangle/falling wedge pattern with 4hr MACD divergence and price getting squeezed between the trendline and the key support zone. Right near the apex of the triangle, the bulls took over and made a clear higher high. I am looking to take this first lower high with a good rejection of the 1hr 50ema (which has previously been great dynamic support/resistance), the pivot and 0.382 fibonacci. I will be targeting 0.90 as this has been a respected price in the past.
Long
by joshdonoghoe
USOIL Bears Are Back With VengeanceMy previous USOIL trade setup failed dramatically. Losing trades are regarded as a business expenditure once risk management is set up properly. It seems USOIL is going through the long-awaited pullback to bring this market back to normal state form being way too overextended. I anticipate bears will try to take this down to around 6750 where they will potentially take profits en masse, thus attracting trend continuation players. It seems reasonable to monitor that area for potential pullback long entries with $1.75k risk and $5k return per lot. This is a lower probability setup with exceptional R:R - worth a try.
TVC:USOILLong
by Zoen_Trieste
Weekly Perspective On BTCUSDA bigger picture on BTCUSD provides better understanding of price action and long-term direction . The third of highest selling price is clearly attracting demand and supporting price . The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down can easily print a low around $7000. Buying those areas with stops below $6200 for 2R-3R targets is a lower probability but good R:R trade set up. Worth a try.
BITSTAMP:BTCUSDLong
by Zoen_Trieste
KNCBTC (KNC Kyber Network Token Exchange) Get Ready!!!KNCBTC 2018-0423 8:50 p.m. EST. MMansfield Quickly before this moves: Hi trader friends, KNC is being attracted to the critical resistance of 1.618 x’s Wave (1) up, shown by the black horizontal line right where the blue pitchforks upper resistance line is. This could possibly be a Wave C top area, but likely not because of the recent acceleration typical of Impulsive Wave 3’s (Impulse = trend, not a correction). Because of the recent Wave's acceleration, after a test of this 1.618 resistance area, then another degree Wave 2 pullback, a potentially explosive Wave 3 of (3) could unfold. Breaking the green pitchfork's lower line could negate the bullish view (meaning it was a Wave C top, but again, less likely right now. breaking the upper blue pitchfork, would likely run-up to 0.00029-0.00030, the roughly 2.618 price extension of the Wave 1 or Wave (A) up. Conversely, breaking the “dashed horizontal red support trend-line” would be a potential sell signal. TIP: Markets often reverse at the upper or lower pitchfork lines, as well as the center-line called the Andrew’s or Schiff Median Line, depending on the style of pitchfork being utilized and dominant market structure and wave pattern (if determinable) at the time of analysis. Unless KCN reverses right here at the short-term red pitchfork, then this token’s price will likely seek out the blue pitchfork’s resistances lines (R1). Elliott Wave Pattern: If I remove the "candlestick wicks," I can often see and understand the wave structure better. But it is very hard to tell what the smaller wave are with many of these little markets in with the wicks showing. What happens to cause that? Big orders can disrupt the market causing spikes, especially in the new relatively thinly traded c y p t o s. It tends to be that way in new virgin markets until they have a year or two of cycles and patterns. Moreover, the charts data can look very different depending on the brokerage firm. The long candlestick wicks can skew the wave counts and patterns so I often run analysis with and without wicks. Then the picture can be clearer without wicks but the the pitchforks look like they are drawn wrong. This is not something I am used to with futures and FX. Perhaps I'll post a longer-term chart tomorrow so you can see the big air above. ABOUT KYBER NETWORK: Kyber network is an on-chain protocol which allows instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. (See Reddit link provided below) DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
Long
by UnknownUnicorn1613901
4
Buy QQQ on the Bounce off Weekly Trend Channel SupportTrade Idea: Buy QQQ with a stop loss just below 160 (near 158) and a target of 170. This is a Risk Reward of 2 to 1 since you risk 4 dollars/share and have a potential to gain 8 dollars/share. Earnings are coming up so this is quite a risky play. I still think the indexes will move higher in the next week though. I blog almost everyday here: bigfryfinancialmarkets.com Please like this post to help spread the word :) Have a great Sunday!
NASDAQ:QQQLong
by bigfry
Buy QQQ on Any Pullback to The Minor Support Level of 162-164As you can see in the chart, QQQ has had multiple bounces off the 162-164 support level. 162 was a key resistance level before since it was the neckline of the inverse head and shoulder pattern. Old resistance becomes new support and vice versa, so expect a bounce off 162 if QQQ reaches that level. Also, 164 is the top of the gap, which also saw a reasonable amount of buyers in the past. Trade Idea: Buy QQQ if it dips anywhere into the 162-164 support level with a stop loss just below 162. Your target would be the gap fill near 169-171. This trade also has an excellent Risk:Reward, and you are also trading with the primary up trend. Like/follow if you agree :D
NASDAQ:QQQLong
by bigfry
Buy Bitcoin in Support Zone with SL at 6000 Exit at 10000Bitcoin has broken out of a big downtrend recently. This trend line is valid because of the multiple reactions that you can see in the chart. After the third touch of the trend line, Bitcoin finally broke out to the upside. As highlighted, Bitcoin is currently resting at the top of the support zone (6,500-8,000) which offers a relatively low risk long entry opportunity. Trade Idea: Start scaling in long positions now with a hard stop loss at or just below 6,000. You can add a small position here, and add a much larger position if Bitcoin drops to the 7,000 level. Also, I think that if we fall back below the previous downward trend line, it would be a good idea to cut losses and move on. The profit exit target is in the resistance zone of 10,000-11,000, which is where Bitcoin had a double top pattern. The double top was confirmed on the breakdown below the 9400 level. If you like my trade ideas, I blog almost everyday here: bigfryfinancialmarkets.com I would be glad to have a conversation with all of you in the comments section. Good luck trading! :D
BITFINEX:BTCUSDLong
by bigfry
Buy LMT On This PullbackLMT has dropped from an all time high and has retested the support zone as highlighted in the rectangle in the chart. As you can see, LMT has an upward sloping 50 and 200 day SMA. This shows that LMT is in a solid uptrend. Although we are currently below the 50 day SMA, we are still well above the 200 day SMA. Trade Idea: Now would be a good time to buy a half position. You can buy another half on a dip to the 325-330 zone. Your stop loss is just below 325, and your profit exit is around 360. You risk 10 dollars for a reward of 20 dollars. That is a good risk:reward ratio.
NYSE:LMTLong
by bigfry
LONG TA analysis of LTC - Bullish Flag - good RRRPlease like and subscribe if you want more analysis from me... The reason behind of such a strong pullback in LTC is that Charlie Lee, the former director of engineering at Coinbase, is selling almost all of his holdings in Litecoin (LTC), the cryptocurrency that he founded in 2011. Lee explained in a post on Reddit that he is selling all of his LTC coins — bar a number of physical coins he keeps as collectibles — to avoid the conflict of interest that comes with his influence and position as LTC founder. The fact that he sold most of them just because of conflict of interest gives hope to people that its not a bubble and it will keep going up. Lets see how this one will play out.
COINBASE:LTCUSDLong
by I0_USD_of_Warren_Buffett
3
USDCHF > Buy OpportunityUSDCHF > Long after Pullback Buy Entry @ 0.95750 T/P @ 0.97750 S/L @ 0.94750 Resistance @ 0.98370 broken with expected rise toward 0.98590 / 0.99000 level for re-test. Expecting consolidation toward 0.97050 fib retracement, followed by 0.96700 and 0.95650 primary support. Expecting 0.95650 support to hold and bring rebound toward psychological level of 1.00000 which is not expected to reach and anticpating another decline to follow. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Long
by ALSM59