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Pullbacktrade

2618 Buy Setup On Higher TimeframesEURUSD pulled back to 61.80% retracement level and is building support around here. There's was some 16% extension beyond the previous low and currently the parallel median line of this inside set is zoomed, which shows some underlying strength of this pair at this level. It makes sense to accumulate long positions with stops below the current low for longterm holding . A pre mortem approach is necessary as there is always a 40% chance of any trade setup turning bad. The first sign of lower prices would be the current low being taken out . For now, the setup looks plausible.
Long
by Zoen_Trieste
USOIL Potential Continuation ShortUSOIL is likely to pullback to around 5220 where continuation sellers are expected to enter the market. As for now, buying any minor pullback to 5085 towards the 5220 area and flipping short around there seems reasonable. Shorter timeframe for trade entries and thorough risk management is of utmost importance. It is better to get out of the market with minimal loss than hold the bag for weeks. This is overly a bearish market and the previous times sellers were too eager to sell and didn't wait for any significant pullback. There's a sense of urgency in the market and people are selling any pullbacks so being careful with longs is a must.
TVC:USOILShort
by Zoen_Trieste
5
AUDCAD TLS TradeAUDCAD market is over in bearish trend . The market has printed bearish PA signal on pullback of broken level 0.9290-0.9320 indicating successful test. The confluence factors that support the view are Bearish trend, Horizontal level, EMA confluence & Pa signal signal itself. Seller can have their trade for target mentioned above with stop above 0.9320. Disclaimer: Any post/comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his posts/comments. Manage your own risk.
Short
by Nomikhan
5
HAIR, too late? We might get another chance!This started to take off mid day today. I already have two positions but looking for a third on a pullback. My first entry was near the low of October 15th which was a test of the bull trend line. Got a second entry near the low of October 16th which also tested the bull trend line and made higher lows from the day before. Looking for a third entry on or near a retest of the close from October 16th, identified by the box on the chart. It might not make it there because we've established a pretty good battle ground, as seen by the heavy volume profile near $2.15. Ideal profit target would be along the first trend line, with a possible reentry if the trend line gets broken. We will see when that time comes. As always, practice safe risk management!
HLong
by NicAdams
2
EURUSD Potential Pullback Entry AreaEURUSD attracted sellers upon reaching the 50 day EMA and the 50% pullback point on the corrective bear swing. The pivotal structure still suggests bullish continuation as long as the swing low around 1.1430 holds, therefore short risk on EURUSD is still the preferred choice. As of currently, the gap area around 1.1520, also the 50% pullback on the earlier bullish leg, is a must watch area for a possible bounce. Refer to lower timeframes for entries while keeping in mind the bigger pivotal picture. Long entries on this pair around 1.1520 with tight stops below 1.1480 and wider stops below the swing low 1.1430 seems reasonable for now.
Long
by Zoen_Trieste
EURCHF H4 SignalEurchf printed Bearish PA signal in trend with confluence of Level,Signal,Trend and EMA. Marker is at daily and weekly resistance level(1.1450-1.1490) on pullback but printed signal on h4 sellers can enter now or can enter after daily bearish close for target 113.10 and 112.20 area with stop above resistance level. Disclaimer: Any post/comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his posts/comments. Manage your own risk.
Short
by Nomikhan