Long-signal
[BTFD] ETH/USD - [LONG] Trade Analysis 6th Nov 2017ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes.
Potentially more sideways price action today, coiling inside of the triangle for a breakout.
Levels to watch:
Fib 0.5% level: $272
Psychological level: $300
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GBPUSD POSSIBLE BUYPrice respected perfectly our PRZ
daily zone (blue support) and closed
4 times above the daily 61% fib (black one)
making 2 dojis in a row above it and breaking
that flag pattern completing the 2nd impulse
so now we gonna buy it for a quick intraday
set up with 1:1.5 risk reward
If you want to keep updated on this trade click the link in my Bio and join our free signal channel
Happy trading
USDJPY Institutional Buy SetupHello traders! The 118.66 high on Friday has since kept the buyers in check. Since then we have been seeing some consolidation that is easing the overbought conditions. The first reasonable level to see potential dip buyers step in is around the 116.12 figure. It is entirely possible to see dip buyers step in before that at around 117, but 116.12 is a much better level and we only like the best setups here. As always we will be using a 30-40 pip stop loss and look to get whatever we can on the profit side. Good luck to anyone that takes it!
GBPUSD Institutional Long SetupNormally we wouldn't be looking to buy the GBPUSD with the strength that we are seeing in the Dollar, but there is a lot of confluence here at the 1.242-1.24 zone from our institutional research. We know that institutional traders will be looking to this zone for a bounce so the likelihood of decent volatility at the zone is very high. As usual we will be using a 30-40 pip stop and looking to get whatever we can on the profit side. The trade could be good for 30 pips... 50 pips... 100 pips... who knows, no one does. We take what we can even if it is only 10 pips. Anyone that gives solid targets in their signals is feeding you bullshit. That is NOT how institutional traders trade.