UnknownUnicorn6297596
I'm going to take buys on this pair if price comes back to the level and provides clear signs of wick rejection and bullish momentum. It would provide about 5.4 (SL 7 pips only) if the setup goes well.
Bullish setup 5.5 R R SL 20 pips ===== Look for more evidence to take this trade. i.e. a clear bullish momentum and/or wick rejections Trail your SL as price moves in your direction.
Buy setup for GBPUSD. RRR: 1:9 Entry: 1.32576 SL: 1.32326(25 pips) TP: 1.34827(222 pips)
Short set up. Price broke that key level and seems it is retesting the level. Let's wait for rejection+confirmation.
A beautiful short setup. Subject price rejecting that resistance level.
Bullish bias for the pair. If this setup goes well, It would present 1:7 RRR whilst the initial target (TP1) would provide 1:3.5 RRR.
I'm very bullish on BTCUSD. Awaiting for a rejection + confirmation for a safer entry of 1:6 RRR.
Looks like a perfect swing trade setup.. in line with the fundamentals too. It actually presents a decent Risk to Reward ratio. RRR: 1:16 Entry: 1910 SL: 1900 (10 pips) TP: 2075 (165 pips)
This setup would present several scenarios depending on how price action pushes to the downside - the first one, if price holds around 124.400/500 area which is in line with fib level 23.60%, it would provide a nice buy signal of 56 pips SL and profit target of 284 pips (RRR 1:8). Secondly, if price comes back to 123.100/200 area which perfectly sits on fib level...
I do think that multiple confluences can turn my bias on BTCUSD to the downward. By the way, I'm considering a SHORT on the BTCUSD because of the following: 1- Recovery of the (DXY) USD Index 2- Formation of the H&S pattern - The H&S neck seems to have been broken and retested but let's wait for that level to hold and see strong bearish price action - rejection...
Potential BUY for this pair... Subject to breaking the consolidation box + retest and confirmation.. RRR: 1:4 Alternative scenario - price to break to the downside + retest and continues to drop with 1:6 RR.
LONG idea on USOIL,, Waiting for a break + retest. RRR 1:4 Let the price develops for this setup.
Potential SHORT order here RR 1:3 SL: 20 pips TP 1: 30 pips TP 2: 60 pips