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Biglong

GBP/USD Potential Bullish Reversal - Cup and Handle FormationGBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113. Technical Analysis: -The Cup and Handle pattern is forming, signaling a potential bullish reversal. -The price is approaching the lower boundary of the upward channel. -SNR level at 1.23113 is a critical point for breakout confirmation. Trade Plan: -Entry Point: Wait for the price to break and retest the SNR level at 1.23113. -Stop-Loss: Place a stop-loss below the nearest support level or according to your personal risk tolerance. -Profit Target: Set a realistic profit target, possibly at the next resistance level (1.25497) Special Considerations: -Monitor economic news and fundamental factors that may affect GBP/USD. -Do not hesitate to exit the trade if there are significant changes in market conditions.
Long
by fardycurry
Big Lots Inc. Long positionMarket just finished Elliot wave 1 to 5 downwards, we just hit our buy zone, we can either entry now or wait for a pullback back to the entry zone to get better R/R ratio, but we might miss a trade since market might not pull back. Indicators: AROON: On a weekly chart it is still showing a bearish momentum, but indicators are slow to catch up and lag, so looking at daily timeframe we can already see lines closing in on each other and on 4h chart we can see that it already shows bullish momentum (Orange line above blue) RSI: It was close to being oversold, and bounced off of our buy zone, we missed our first entry for a good r/r but we could still entry or wait for a retrace Bollinger bands: We just bounced off of a top Bollinger band which might seem like we are going for a retrace to retest our buy zone. On a higher timeframes 2/3 indicators show bearish momentum which seems most likely we are going for a retrace that's why our entry is there. Entry: 33.38 At the top of buy zone Invalidation: 30 (Just below buy zone) Target: 60 (Near strong supply zone)
BLong
by vf_investment
GBPAUD LONG SETUPThere is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the trendline. Thanks for the likes on my previous posts!! Also if you guys enjoy the content you can Follow me so I know you guys are interested!!! Thanks and Much Love<3
Long
by nick203