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Pullbacktrade

AUDUSD - Pullback TargetHi Traders! The market broke out of the parallel channel at 0.68500. Then it fall down until the support area at 0.66800. The market didn't do a proper pullback. Now it reached the resistance which was lastly touched on October '19. After that it will make a pullback and for that we use the Fibonacci Retracement Tool. Our conservative target area is at the Fib Level of 23.6%. We recommend to buy the pullback with a confirmation towards the Fib-Levels. Thanks and good luck :)!
Long
by swissmoneymakers
EURAUD Mid Term Sell Bias trade idea Australia’s strong economic ties with China too and we all know this virus named "Coronavirus" is actually not only affecting the people of china but whole financial markets around the world. Equities have fallen, bond rises and all the safe haven got a pump upward couple of days earlier. Risk currency like Aussie had trouble and safe heaven like yellow metal, the yen had the most benefit. It's been a while now we are seeing how far this minor pair has reached. Nothing is permanent and we are facing a temporary natural disaster which may somehow end soon or later (doctor gotta work fast for the antidotes jk :D). I assume if risk appetite gets better there are some possibilities that this exhausted bull will switch its direction lower. I know it's not a one hundred percent idea but at this point either the market of this minor pair is consolidating, range or a reversal is imminent but a strong bullish upward momentum isn't what I feel at this point (my own opinion). Technically we can see the price has hit the R3 of the weekly pivot and by seeing Fibonacci retracement it looks lucrative by seeing the good possible reward on the downside for this pair. This pair did pump higher more early morning just to know the National Australia Bank (NAB) Business Confidence Index rates were dropped which let us know that the business sector wasn't too confident at the time. Aussie will have its inflation reports out tomorrow which if actual is better then forecast and previous could help our trade bais further and as we all know global risk sentiment getting positive with the rise of risk appetite is what we should take into consideration too. (Idea not guaranteed financial advice.) Comment your idea and plan too if any. Peace out!
Short
by Anatta0
VELESTO, Retracement to MA and Fibonacci ConfluenceBias: Bullish. After touching high of 0.410, price retraced and seemed to found support at green MA. The 38.2% fibonacci level was briefly violated but managed to close at exactly 0.365. #pullback Stop-loss: 0.350 // 50% price retracement. 1st target: 0.410 // Previous high as resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
MYX:VELESTOLong
by ShareWorldConsulting
Bitcoin gotcha! Target hitHello guys and gerlz I am proud to announce that my idea buying #BTC from early 7K has successfully played out reaching it's target at 9keks! It is now time to reconsider charts. I am definitely expecting some pullback from here which will establish the range for new consolidation or #BTC may as well continue bleeding as it has been doing from 20keks. Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it! Love you all! Trade safely!
BYBIT:BTCUSD.P
by rfelchuk
5
[BTCUSD] Long Entries on PullbackEver since Bitcoin hit the 6,900 price area, we have been seeing a continuos bullish market momentum following our ascending trend line on the 4H time frame. Recently we achieved the psychological resistance level of 9,000, where the buyers seemed to have had their stop losses set, therefore, bitcoin unfortunately failed to break through. So with that being said, this gives us a perception of a possible pullback to enter new longs. Following my analysis provided, I see two possible outcomes in this scenario: 1. We pullback to the 4th point of the ascending trend line and let the bulls take over from there, ultimately, pushing the price to the next resistance zone of 9,000 - 9,100. Also, keep in mind that there is a strong level of support around 8,550 area. We could expect to see a perfect cross of the ascending trend line touching with the support line on 8,850, where we would then see the price change momentum to the up-side. 2. We failed to bounce off the ascending trend line and thus broken through it in search of the next level of support, which so happens to be the area of 8,450 to take our next long position. Trade at your own risk and use proper risk management assessment.
COINBASE:BTCUSDLong
by Proszi
Opcom, will the uptrend continue?Thank you for continued following us:) Strategy: Pull Back Strategy Bias: Bullish. Retracement was observed on T+1 and T+2 after big spike on 2nd Jan 2019. Share price retraced & hit RM0.700 support before rebounded. Interestingly, RM0.70 acts as the uptrend line support, at the same time acts as MA10 support & fibo level 0.618 support! It closed at 0.715, Dragonfly Doji formed above MA5, which might signify short term trend reversal. As long as the uptrend line is still intact, the overall stock price movement is positive. Stop-loss: RM0.700 1st Target: RM0.750 2nd Target: RM0.780 Potentially 11% gain from the support zone. Gentle Reminder: Plan your Trade, Trade your plan. Good luck in 2020 trading!
OLong
by ShareWorldConsulting
Rsawit, leader in plantation, will the journey continue? Thank you for your continued support :) Strategy: Pull Back Strategy Short term trade. Bias: Bullish. Retracement was observed on the pass 4 days. It then retraced and hit 0.375 before rebounded. Interestingly, 0.375 is the uptrend line support, as well as the fibonancci 0.618 support. It opened high at 0.395 today with increasing volume. The uptrend was intact and with the theme of FCPO, the share price should have a reversal trend of short term retracement. It has broken the downtrend line today and indicating a strong momentum. Potentially around 10% gain from RM0.410. Support: 0.395 1st Target: 0.43 2nd Target: 0.45 Gentle Reminder: Plan your Trade, Trade your plan. Happy trading in 2020! Like and comment to support yea!
RLong
by ShareWorldConsulting