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Triple

GBPUSD Buy IdeaMy Long term view on this cable is buy. We are currently in a good place to look for buys. Bullish Scenario: Triple Cycle with Bullish divergence formed followed by False break. Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected. Bearish Scenario: I will be keeping an eye on the Daily uptrend line around 1.24-1.25. As it is still possible to see the price going down. If the current support doesn't holds, then we can look for sells only if we get confirmation and signals from the strategy that we use. Until then don't open a buy or sell trade. We can look for buys as long as last low at 1.2580 holds.
Short
by VladimirRibakov
Counterparty / Bitcoin trading close to major supportTriple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action. I would wait for some kind of confirmation that price will go north (hammer, engulfing candle, etc.)
XLong
by Krystiannwk
8
Aussie long position opportunity detailed information 4HThis is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I think it is worth the risk.
Long
by Krystiannwk
3
Aussie long position opportunity big pictureLosses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I will post another idea with detailed information.
Long
by Krystiannwk
USDCAD : Long on Triple Re-test of Support zone ! I'm initiating long positions on USDCAD as price has failed to pierce through the support zone around 1.3140's, My orders got filled around 1.3160's, check your trade plan and risk-reward before entering long in USDCAD. The sole reason for entering long is the strong support zone we have in USDCAD. If all goes well and Target 1 is achieved in USDCAD, Trail your stops aggressively for 2nd targets around the Upper Trendline (pink) marked. Happy Trading !
Long
by InsiderB