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Buyingopportunity

Weak CHF across the board: Buying USD, AUD and GBP against it!Welcome to May 2017! This can be a month to remember or a month to forget, I choose greatness and memory! My trades will rock and roll today! I have had a buy since the 28th of April on USDCHF and now I am adding another CHF sell this time on AUDCHF. Price action is indicating a strong bullish push in the short run, my first target is the 37.5% MPI (Price: 0.75660) once price reaches the level I will then decide what I am going to do, i.e. compound, close-portion, close- all etc... The pair has been in a long-term channel, which can be seen in the chart, its been there since mind 2015 and I still believe there is more room to go which will allow me to apply a trend trade to this pair and maximize the returns. Thanks and Happy week and month!
Long
by PipsMatter
Larsen & Toubro (LT) a buy on dips (Elliott Wave Analysis)In this article I'm doing Elliott Wave Analysis of LT . As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct. Currently 2 trading strategies can be employed : 1. Traders can buy on dips in the Red Zone around 1450 to 1430 keeping strict SL below 1380. 2. A less aggressive approach would be to buy on clear break of the important Resistance of 1520. Once the market sits above that level it would be a clear validation of the counts. Point of Invalidation lies below 1300 I will update further if need arises.
NSE:LTLong
by NeeravYadav
AUDUSD Bullish CypherHey Traders, Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points etc.. That way you are still using an objective way of looking at the market but at the same time taking into consideration the increase in volatility. As you know, stops below X (the starting point all the way to the left bottom) targets at the 38.2 and 61.8 of the CD completion. Like always if you have any questions, feel free to comment below !
Long
by TheAlcoveFx
Bitcoin Buy OpportunityNow that Bitcoin has had what some believe to be a long overdue correction from the summer's rally, I'm back to looking for long opportunities. The price fell sharply on news that Bitfinex, one of the top exchanges, had been compromised, however, buyers were quick to come in and buy up coins below $500. Between the buying interest demonstrated near the current prices and the anticipated supply crunch from the recently halved inflation rate, this looks to be a good time to start buying again. I suspect prices will dip once again to test the support here, so scattering bids below current prices with a stop beyond the previous low is a good way to build a position. Other news to watch out for is the ongoing block size debate, but barring something catastrophic happening to the network I don't see foresee anything that should affect prices negatively too much.
OKCOIN:BTCUSDIDXLong
by Haus_
1
GBPAUD: Buying Opportunity (H1)Hi Trader, Thanks for checking out this trade idea. I appreciate the thumbs up! Here we have a valid 2618 trade setup on the Pound/Aussie. See chart for entry and exit points. As I have noted on the chart this is a double bottom, I am therefore looking for a pullback to the 61.8% for a buying opportunity. I trade the 2618 aggressively, as such my orders are already placed. Remember, trade your plan, and if you don't have one, fix that today :). Wishing you good trading, Luke
Long
by Beebags