TipsOfPips
20R opportunity on AUDCAD. CAD looks bearish. Big bear flag on CAD index. Multiple patterns suggesting a bottom is in. High risk but high reward opportunity.
12R and 4R trades on Natural Gas and First Trust Natural Gas. I think the 4R trade on Natural Gas is the most reasonable conservative target possible. Targeting $4-4.5 to take profits. First Trust Natural Gas is more optimistic but technically it seems like it will go there. You could do a 50:50 split between the two.
I'm expecting Copper to reverse to the upside pretty much exactly at $4. This trade carries the opportunity to secure 35R with 1R risk. So effectively it's a high risk trade, but for me this trade has a lot of confluences I like. I will also be looking to find higher RR opportunities on the lower time frame if the market provides those opportunities.
Oil approaching major resistance level, I'm expecting price to reverse and continue lower here. 5RR Opportunity.
Done an Elliot Wave analysis which suggests this move lower is likely. DXY also showing signs of at least short term movements up. 5RR trade. Not financial advice.
25RR High Risk trade on Natural Gas Could even get a higher RR, probably 40RR atm. Entering with low risk. Non financial advice
18RR Short on USOIL Obviously high risk trade, so risk appropriately if you agree and want to participate in the market. Not financial advice
Short AUDCAD Pattern analysis, EW 5RR Not financial advice.
Structure and Elliot wave analysis I will be looking to go long at this area marked out. I haven't set orders yet, but this is an 4H structural shift so as long as momentum coming into this zone is weak I will be looking to place orders.
5.3 Risk to Reward Swing trade idea. You may want to find some structural breaks on the lower time frame to get more refined entries and get a better risk to reward ratio. This trade is probably a 2/5 probability idea, so still a positive expectancy. Just expect this to fail 60% of the time though.
Long trade on Copper. Wave analysis + Bull Flag I'm expecting the most likely move for copper is a move up to 4.85. I will be looking for longs once price goes below the orange line at the entry tool.
Technical Analysis. Blah blah blah...... Just technicals.
5min break of structure. Momentum is still strong to the downside. I am expecting Oil to continue lower now, but short term move up for a 10R trade looks good.
Long for GBPCHF. Could wait for more refined entry, just giving direction here really, not actually taking this exact trade will be refining it on the LTF. Nothing wrong though in taking this trade as is though without any refinement.
Technical Analysis 15RR. High risk opportunity, therefore placing small risk on this trade.
CPI tomorrow. Expecting inflation to soften - will likely cause a short term rally and then market sells off again.