XAUUSD Long Trade SetupI took a long trade because my expectation is the yellow C. But what is in the making after the yellow B can become a correction. That's why I'll move SL to BE if it breaks the previous high at 1731.50. Then we will see if it will keep going up. In the case of the yellow C, I'll hedge my trade. So I didn't buy it to book my profit. As you can see, its R:R is not good.
Longtrade
EURCAD Long Trade SetupWe may have a complete weekly corrective structure. Actually, I was expecting for another drop, but instead of that, it broke the trendline, and now, it's making a correction after the break-out. A new low is still possible, but in this case, we will probably have a bigger correction first. So I want to take a long trade. If it goes up, we will have a quite big impulse. In the case of a correction, I'll hedge my trade and buy again after the new low. Now, I'm waiting for a reversal pattern to place a pending order.
How much COST to the moon?COST followed fibonacci levels in the recent past, reaching its minimum and then bouncing back up.
I draw its possible future path, that can go much over the highest price ever reached.
In my opinion, this is a great buy opportunity for a medium-long term holding.
In case the STOP LEVEL will be crossed down, I will close and reverse the position.
Lights on bullsHere I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
XAUUSD Long Trade SetupIt got a reaction from 1.272 extensions. The daily structure can be a complete correction and the next wave can make a new all-time high, or we can have a correction for more downside. It's not clear which will be the case but in both scenarios, having a long trade will be a good idea. That's why I'm waiting for a complete reversal pattern to buy it.
CHFJPY H1 - Long Trade SetupCHFJPY H1
The pair we were watching closely yesterday, caught a great close on that yesterday before seeing rejections, hopefully we see something like this unfold, very much what we saw yesterday with CADJPY.
Eastern corrections following by EUR/LON continued bulls, same goes for EURJPY. CHFJPY isn't correlated like those other pairs so much because of risk holdings, but something to note no doubt, YEN is NOT performing well.
GBPAUD Long Trade SetupPattern-wise, we have a complete regular flat and a potential reversal structure is in the making. That's why I'm waiting for a small correction to place a pending order. If it makes a correction for more downside as it did inside the A wave, I'll hedge my trade and buy it again from the bottom.
EURAUD Long Trade SetupThe last low can be the end of the correction and the structure after that can be the reversal pattern. That's why I placed a pending order. If I see a lower degree trade setup at the end, I'll modify my order. As you can see, there is a chance for one more drop after an upward impulse. That's why I'll probably hedge my trade if I see a complete running flat between the blue lines.
GBPUSD/1WIt's important to wait for best entry. we have a strong resistance above the price and support line behind it. if price will be able to break 1st resistance line completely with perfect candle above it then price will grow to the 2nd resistance line as ya see.
for long position I prefer to watch the behavior of the price between its up trend and down trend lines. break through upward and standing tall with good candle has a new approach for price and break through downward has a another way but I think price will break its resistance and going to touch the 2nd resistance.
WE WILL SEE!
NEX DOUBLE UP 2021National express will get back to trading normal soon enough and make us a pretty penny. thank you all