I'm going to take buys on this pair if price comes back to the level and provides clear signs of wick rejection and bullish momentum. It would provide about 5.4 (SL 7 pips only) if the setup goes well.
Bullish setup 5.5 R R SL 20 pips ===== Look for more evidence to take this trade. i.e. a clear bullish momentum and/or wick rejections Trail your SL as price moves in your direction.
Buy setup for GBPUSD. RRR: 1:9 Entry: 1.32576 SL: 1.32326(25 pips) TP: 1.34827(222 pips)
Short set up. Price broke that key level and seems it is retesting the level. Let's wait for rejection+confirmation.
A beautiful short setup. Subject price rejecting that resistance level.
Bullish bias for the pair. If this setup goes well, It would present 1:7 RRR whilst the initial target (TP1) would provide 1:3.5 RRR.
I'm very bullish on BTCUSD. Awaiting for a rejection + confirmation for a safer entry of 1:6 RRR.
Looks like a perfect swing trade setup.. in line with the fundamentals too. It actually presents a decent Risk to Reward ratio. RRR: 1:16 Entry: 1910 SL: 1900 (10 pips) TP: 2075 (165 pips)
This setup would present several scenarios depending on how price action pushes to the downside - the first one, if price holds around 124.400/500 area which is in line with fib level 23.60%, it would provide a nice buy signal of 56 pips SL and profit target of 284 pips (RRR 1:8). Secondly, if price comes back to 123.100/200 area which perfectly sits on fib level...
I do think that multiple confluences can turn my bias on BTCUSD to the downward. By the way, I'm considering a SHORT on the BTCUSD because of the following: 1- Recovery of the (DXY) USD Index 2- Formation of the H&S pattern - The H&S neck seems to have been broken and retested but let's wait for that level to hold and see strong bearish price action - rejection...
Potential BUY for this pair... Subject to breaking the consolidation box + retest and confirmation.. RRR: 1:4 Alternative scenario - price to break to the downside + retest and continues to drop with 1:6 RR.
LONG idea on USOIL,, Waiting for a break + retest. RRR 1:4 Let the price develops for this setup.
Potential SHORT order here RR 1:3 SL: 20 pips TP 1: 30 pips TP 2: 60 pips