Longtrade
GBPUSD Long Trade *TRENDLINE BREAK & RETEST*The GBPUSD wedge was finally broken last week and price made a new higher high on the 4hr chart.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
US Oil Long Term Swing Trade *SUPPORT ZONE*US Crude has now reached the $52 support zone once again. This has been huge sell off in a fairly short amount of time with Crude dropping over 20% in less than a month.
A long position at this support zone could prove profitable if price holds up and begins to regroup.
AUDUSD Long Trade *TL BREAK & TREND REVERSAL*I am looking to long AUDUSD if a few criteria rules are met.
A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now.
Look for price to break and retest the trendline and 1hr 50EMA.
USD weakness going in to the rest of the week.
TP1 is previous 4hr resistance @ 0.69200
TP2 could be 0.69800/0.70 or further
US Crude Oil *BULLISH TRENDLINE CONTINUES*Nice rejections of the $58 support zone and daily bullish trendline.
This trendline has provided many buying opportunities recently and it looks to still be holding strong. I am looking to trade crude oil up to $65 resistance if momentum can take it there.
Possibility for higher prices.
US Oil Long Trade *DAILY BUYING*Long trade entry on US Crude oil. The gap up over the weekend has been filled, daily pivot level is acting as support and the 1hr trend looks nice and bullish with higher highs and higher lows.
I am trading this one up to $62.50 where I will take profits and potentially look to short US crude down to new 4hr/daily lower lows.
IME - Medical DevicesSignificant volume up tick on the daily chart. The pullback is now clean resulting from a follow through candle breaching the 0.618 fib- however I'm giving it the benefit of the doubt only because the increase in relative volume is significant. Watching for a 5 wave structure to take price action into 0.11
AUDUSD Long Trade *SUPPORT BOUNCE*Nice lows and rejections forming at this intraday support and resistance zone.
Looking to long AUDUSD up to profit levels shown on the chart
NZDCAD long trade ideaLooks like NZDCAD is holding a bullish momentum and Looks good to take a long trade from this point.
USDCHF Long Trade SetupHello Traders
My expectation has been an up impulse to 1.035 at the minimum and it remains valid but because of the new low, my forecast has become a bigger correction before that upward impulse. As far as I can see, it's making a running flat and the current drop is the B wave in it and based on what we have so far, the last bottom can be the end of Y. After this point, it will either make X or C. In the case of X, I'll hedge my trade, otherwise, I'll book my profit around 1.0000. Now, I'm waiting for a small correction to place a pending order above the lower degree reversal impulse.
For more details and the daily updates please watch my daily analysis videos on Youtube.
For twice as many trade setups and many more benefits, join the trading group.
For some extra content and other good stuff, please visit my webpage.
All links can be found in the signature section up above.
Trade with care.
Bulent
EURCAD Long Trade SetupHello Traders
The previous bottom can be the end of the monthly running flat, and we can have a crazily big up impulse. But my forecast is a correction under the orange trendline and more downside for a deeper running flat. So my expectation is an up impulse anyway. That's why I want to take a long trade. Downward structure bounced back from 0.886 retracements of the green A, and what it has been making after that looks like a reversal pattern. That's why I placed a pending order over the last top. My target is 0.272 extension of green A, 0.382 retracements of down impulse and the trendline.
For more details and the daily updates please watch my daily analysis videos on Youtube.
For twice as many trade setups and many more benefits, join the trading group.
For some extra content and other good stuff, please visit my webpage.
All links can be found in the signature section up above.
Trade with care.
Bulent
Eurusd medium term long opprtunitymarket is making its retracement moves . we will wait for market to come in to our market zone. then we will follow price Action here . if we get further confirmation we will look for long entries
GBPJPY Intraday Long TradeIntraday entry for GBPJPY long trade.
4hr bullish TL, higher low, price is rejecting the previous support/resistance zone at 143.500
Looking to take price back up to new higher highs at 149/150.00
AUDNZD Long Trade SetupHello Traders
It looks like we have a complete 5-wave impulse and now, it should make some upward structures. Because of the unclarity of the higher timeframes, I can't say if it will make a pretty big up impulse or correction for more downside, but my main forecast is a correction. I placed a pending order above the potential reversal impulse, but the SL is too big for this chart. That's why I'm also waiting for a bigger correction and a lower degree reversal pattern to find a better entry.
For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
AUDUSD Long *INTRADAY TREND FOLLOW*AUDUSD long position now entered. My intraday position is to take this long trade up to new 4hr higher highs at 0.69800.
Nice support zone at this level, bullish trendline, higher low and fib 0.618 level.
Stop Loss - below 0.786 fib & bullish TL
TP - New higher high @ -0.27 fib extension
AUDUSD Long Trade *TREND CONTINUATION*Aussie Dollar is making nice bullish waves on the 4hr and daily timeframe. I am looking to capitalise on this and enter another long position on the nexxt higher low that forms.
I have a few confluences to look for.
1 - previous support/resistance zone on the last highs (coloured box)
2- Bullish trendline
3- Fib retracement levels (0.618 is in the coloured box support zone)
Entry upon rejections of the fib 0.618 and support zone or the fib 0.786 level and trendline.
GBPJPY Long Term Carry Trade *BACK BORIS*I am now entered into a long term buy & hold position on GBPJPY.
Price has broken out through multiple resistance levels last week on the back of the new conservative majority. Thursday/Friday saw the fast money come in to the markets with heavy short term buying.
Price is now consolidating probably caused by profit taking on the speculation trades and the bigger buyers waiting to buy in to the continuation. I am long GBPJPY from 146.00 with a large stop loss and multiple targets.
You can see the consolidation on the 4hr timeframe chart with price being held up by the daily pivot level, fib 0.382 and lower timeframe 50EMA.
I believe we could see GBPJPY at 155.00 by June 2020.
Why GJ?
GBPJPY benefits from positive swap fees with GBP having an above zero interest rate and the Yen having negative interest. There for it pays to hold this trade with daily swaps being paid by my broker to me.
EURNZD Long Trade Set Up *DAILY TREND & HIGH R:R*Here is a potential long trade set up on the Euro / New Zealand Dollar FX currency pair.
Daily Timeframe - Nice rejection of the daily bullish trendline drawn across the last 2 higher lows. Price has made higher highs through September so the higher timeframe is definitely bullish for me.
Lower Timeframe - Price has broken the 1hr bearish trendline and produced a higher low and higher high over the last few trading days. Price is now pulling back in to the bullish daily and 1hr trendlines supporting price. I am looking to enter a long position if prices reaches the coloured zone on the chart.
This zone would be a bounce off the daily pivot level, 0.786/0.618 fib retracement levels, 1hr bullish trendline to hold strong and a higher low to form.
By entering on the 1hr timeframe I can get a fairly tight stop loss and then swing trade the daily trend up to new daily highs. This could see price reach 1.80 next!
With a 45 pip stop loss and target profit at 1.80 this could return a mega 25:1 RR before any scaling in.
BTC/USD LONG BTC/USD long term
Trend Lines
1 target : ~5866 $
2 target : ~20 000 $
3 target : ~100 000 $
AUDUSD Long Trade *SWNG TRADE TREND*I am looking to go long AUDUSD up to new highs on the daily trend.
Price seems to be making a higher low on the fibonacci cluster zone at the 0.618 and 70.68 retracement levels of the previous swings.
Stop loss below the levels and targeting a new high at 0.70
CADJPY Long Trade *DAILY TREND CONTINUATION*All CADJPY short positions now closed.
I am looking to trade the daily bullish trend up to new highs. Trendline bounce, daily rejection of bullish trendline and fib 0.618 retracement zone.
Stop loss below the shaded zone on the chart.
Profit target at daily fib -0.27 extension
US Oil Long Trade *TREND CONTINUATION*I am still buying oil on the bounces off this bullish trendline. Until this trendline is broken, US Oil is still bullish in price action with higher highs and higher lows being made.
My target sell zone is $60 per barrel maybe $60.80.
AUD/CHF The price will goes with our direction 0.67707
Note: this is not investment advise,This is for educational purpose only, this is just my opinion , i do this analysis in demo account, you can't make money or loss money through my opinion.
