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Longtradeidea

OIL... New lows after the oil war has ended??Another Trading Snack! Using my weekly chart I’ve formed this oil trading bias for some time. That and I deeply respect the EW 5 wave patterns on longer time charts. Let me explain... Yes that’s right! I suggest that new lows could come in price action on the WTI even though the oil war had come to an end as some pundits were reporting in the news. I have always suspected the price action was due to Covad 19 and the global economic slow down due to a large part brought on by politicians of the day and their policies. I’m not arguing those political policies as being good or bad ideas. I’m observing that due to a large part because of those policies the globes economical state has been the cause of the slowing in oil demand. This in my view has produced the kind of price action we have now. The odds are in favor in setting a new oil price low, then a meaningful bounce off new lows. All the while with current monetary policies the globe over inflation is coming— and if or when inflation comes, oil price action will rip higher from current depreciation like current prices. My tactic and strategy is to start buying oil, maybe still today I’ll dip my toe in, but my targeted price to a buying zone is $13-18 on the WTI. If I step in today towards the markets NY close I’ll be within or just under $1.00 of the 2020 lows and very close to the 2004 lows as well. As always, you either make dust or you eat dust in trading. All the best in your trades. Note: this is just my trading idea! It is NOT trading advice! Trade your own plan and using your own risk tolerances.
OANDA:WTICOUSDLong
by PipsTradingClub
1/12/2020 EURUSD long ideaAnother Forex Trading Snack! The EUR has been trapped inside of a multi year wedge pattern ( indicated by the blue trend lines ) but once it broke out of this pattern it’s bias in my opinion is to the long side. Also recently the DXY index has formed a wedge like shorter term pattern and the exact inverse pattern of the DXY is the gray trend lines indicated on this chart. My idea is buying the dips. My red box is my buy zone as well the bottom of the box is my extreme stop placement. Should orders get filled I would expect the top of the gray pattern line as the first target zone, but secretly wanting a breakout to happen. As always all the best in your trading. A EURUSD landscape daily chart Always remember, Forex Trading is the hardest Easy money you’ll ever make!! Plan your trade, and trade your plan with your individual risk management.
Long
by PipsTradingClub
Litecoin testing parallel channel support level!BINANCE:LTCBTC Its been a while since we don't trade the Litecoin and today might be giving us a potential entry to go long. Litecoin has been bouncing in this uptrend the whole year and we have witnessed only a couple of false breaks. Today, the price is at the bottom of the channel line which coincided with Fibonacci level 0.61 and it got and strong rejection, oscillators had been at the oversold section for a while and now might showing signs of going out of that zone. If the price respect the current support, we are ready with this scalping idea, what do you think?
Long
by CryptoMacroTrend