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GBPAUD: SHORT TRADE IDEA (250 PIPS REWARD)GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck ! Happy Friday :)
Short
by Tim298
WTI Crude OilBUY : 60.10 Stop Loss : 58.80 Take Profit : 62.10 RR ratio : 1:2 Risk Disclaimer : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You must do your own due diligence for each trading signal and only invest according to your personal risk tolerance.
FX:USOILLong
by FHtrading
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
Long
by WaveAnalysis
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
Long
by WaveAnalysis
1
BTC looking South on many indicatorsThis would be a short term trade, with potential for a longer run. Key takeaways: Green 50 Day MA was rejected. Daily Mid-BB giving out currently. Stochastic, Stochastic RSI and Smoothed RSI appear to be starting a downtrend. Potential MACD cross down upcoming. The chart just doesn't look good with those indicators at this moment. This is during the middle of the daily candle, so there is still hope to hold the Mid-BB but regardless if the daily ends a red candle it appears headed to the bottom of the relatively tight BBs. This move would take the Stochastic, Stochastic RSI, RSI and MAs down as well. There is a chance that since the BBands have been tight for so long there could be large movement. Since the indicators point down, a short term short could turn into a longer play. However, as a long term bull I can see hope for a potential bottom here. This could just be the mentioned indicators doing a "reset". By this I mean, price moves down very little while bringing down many key indicators like mentioned. This leaves much room for them to move up. To get the most out of an indicator reset like this, there might be a relatively large red candle while indicators are bottomed and followed by a steady green rally. That one large red candle helps offset the positive momentum of new green candles so that the indicators don't rise too quickly, painting a more enduring bullish picture. If you look at the chart, this would mean price steadily goes down to bottom BBand, dips below it quickly, and rallies steadily towards upper BBand rather quickly. Long-term bear case: daily MACD crossover, price still below all major MAs. Long-term bull case: potential indicator reset with a higher low at lower BB. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
COINBASE:BTCUSDShort
by BigBitsIO