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Longopportunity

AUDUSD LONG OPPORTUNITYThe Aussie did break significant historical also recent levels of Structure, what I understand from this is that the Aussie is certainly gaining its confidence against the Greenbacks. I do see how price action is showing us a Bullish triangle of which is very close to breaking out after touching its High and Low lines. I'm prepared for either scenario to come about once the market opens. With the Bulls taking advantage of a weaker US Dollar I believe price can respect the pattern it is in and proceed to break above. In the case price fails to do so, my next opportunity would be to wait for price action to tell me something at it's Key Level of Support.
Long
by RiosTrades
EURGBP LONG OPPORTUNITYThe Euro and UK are in a bit of a tug of war scenario fundamentally, price is struggling to keep itself high above a key level of support. This pair can move either 1 of 2 ways, Price can complete its Triple Top and break below showing sellers are in control or wait for price to break above its consolidation box giving buyers the confidence they need. This area in the market is very sensible for traders and that is why the majority of participants may hold off until they get a clear sight of where price may continue to. I find the UK to be in a bit of a rut with all the fundamentals tying in about the Brexit, I expect the GBP to fall and the Euro to continue staying at its steady rate therefore pushing price to break above this important level of resistance, giving us the opportunity to gain an optimal risk to reward trade.
Long
by RiosTrades
AUDNZD LONG OPPORTUNITYDaily time frame: We saw price breakout of an important descending trend, then saw buyers react in heavy waves at support and saw a daily bullish long lower shadow telling us to watch out for this level in the future. After a push comes an exhaustion and that is what i'm expecting to come after the market opens, previously at this level we saw price struggle to make it to the top and in this scenario we don't see price reacting the same way. That is telling me that we are in fact in an uptrend also buyers may push price to break above this key level of resistance giving us a great opportunity to enter long at the pullback if price does in fact break above.
Long
by RiosTrades
1
GOLD DAILY ANALYSIS, BREAKDOWN FOR THE WEEKPrice Action (Technical Analysis): After Friday price is still consolidating between our 9 day & 26 Day MA. There is still a lot of buying volume in the market using our Ichimoku Cloud and RSI, indicating Daily Oversold Market. If price continues to fall then I expect buyers to enter the market around 1395-1400. We are in a bullish market and consolidating in 40-60 pip zone so if price does fall below then we have a strong support level ready with horizontal buyer sensitivity. Fundamental Analysis: None.
FX:XAUUSDLong
by RiosTrades
AUD/JPY DAILY INVERTED HEAD AND SHOULDERSPrice Action (Technical Analysis): Market Closing last week, we had price continue to drop after a big push from our monthly low to our consolidating resistance showing us price might be experiencing an exhaustion retracing to our left shoulder support which is at our high probable retracement from our bullish impulse, the 61.8%. This can very well be an entrance into the market with proper candle-stick reading if price does rally to our ideal right shoulder retracement. A smarter approach to this scenario would be to look for a possible entrance after price breaks out to the upside confirming an uptrend then expecting an exhaustion to previous structure and calculate our exhaustion with our Fibonacci Retracement Tool. If price does follow this sequence then we would have confirmed an Uptrend breaking out of our Monthly Support, a Breakout of our Inverted Head and Shoulder Pattern. Calculating our Exits after an Entry after a pull back to our Inverted H&S Neckline would be to our Descending Trend Line / Downtrend Exhaustion Retracement 61.8% / 200 Day EMA Resistance Indicator. Fundamental Analysis: Anticipate High Volatile Market Pushes, we have both our quote and our base being evaluated and reported through Red Folders Mon, Tues & Thurs.
Long
by RiosTrades
GBP USD - Long Opportunity - 1D, 1W BuyWELCOME TO MY LEARNING F* PAGE! GBP/USD is moving to 15 months low 1.2595. GBP/USD as all Major currencies are going down against USD. Near 1.2595 can start a new middle term uptrend. At this moment it is too dangerous to open Long because the price most of the times continue the trend. That why I recommend to look for short entries on lower time frames M5 — M30. DXY is overbought! GBPUSD is oversold! GOOD LUCK and take entry according to your balance. Please support our setups with your likes, comments and by following me on TradingView, thanks!
Long
by RodrigoPitta
100 pips GBPUSD - short-term [weekly] price action outlookAfter market opening on 9 April 2018 the GBPUSD moved just over 50 pips long. Fundamentals still support another 100+ pips long. 1. The USD: PPI - red news due on 10 April is likely to support further upside price movement in the pair. 2. With the upside trend intact as per the Daily & 4hr chart, the GBP: Manufacturing production-red news release, should be able to provide additional fuel for the upside in the GBPUSD. 3. The USDX weakness that is still @ play is nicely supporting the long bias in the GBPUSD. 4. Hopefully the USD: cpi - red news release on 10 April 2018 will continue to support the weakness in the USDX. Not forgetting the most anticipated meeting minutes from the FOMC on 10 April 2018, which will likely put a spanner in the works if it comes out more HAWKISH. If the long price action in the GBPUSD is maintained after all the previously mentioned red news releases of this week, then on 12 April 2018 when BOE: Governor Carney speaks, we will probably get the last boost in the GBPUSD to take price through 1.4245 And that, ladies and gentleman, is how another 100+ pips is possible Then again, anything can happen.
Long
by FrametheMarket101
3
!!!!!!****** GBPUSD LONG TRADE !!!!!!******Thanks to the Bullish 1hr candle, I see this pair going long. Price action has broken past 1.295 and i am incline to believe this will now turn to support and stated in the diagram. American war uncertainty > Brexit 1.32000 TP - Nice psychology number which has seen a lot of price action recently. Long position diagram shows when I have enter this trade and my targets. I expect GBP to go long everyday this week, after a slow trading day on monday. Currently waiting on USDCAD price action to determine whether to enter trade to the downside
Long
by AADEDIJI
1
ETHUSD Closest bounce up support levels.Based on Dow Theory analysis and my own studying of how the bottoms are formed AND the sentiment of the r/ethtrader community (which is by far the easiest way to gauge sentiment of the majority of ETH userbase) I believe that we are nearing another local (or global) bottom, and I expect the price to shoot up at least $80+ upwards from one of these levels (they are based on Fibbonacci extension (blue dotted lines) of the latest major price move and the previous relatively strong supports in the past (green lines). Also, do not forget about the usual round numbers supports like 150, 125. Good luck and huge profits! I myself will close my short at 173.21 and open a small long and also have set up limit buy orders above all those support levels indicated in this idea. For those of you who have no position currently I'd not advise to open a short, as it's too late. Also, I will recommend all those who have a long to close that long ASAP. To those who will try to TIME the bottom in real time, I'd advise to set up limit buy orders at these levels ahead, because the market is very violent and volatile at the strong bottoms, it will be almost impossible to manually market order time to bottom.
BITFINEX:ETHUSD
by profghibli
USDCAD LONG OPPORTUNITY 4HR AND D ...MY OPINION(S)EMA Crossing on 4hr TF, but even so, I'm awaiting daily candle close confirmation near the 'Spring' area in order to move in and hopefully profit at the .50% fib. mark. Breakdown: 1. Touching Daily long-term trend Support Area & at Ascending Support; 2. Within Upward Channel 3. EMA crossing (4hr) 4. Appears to be a change in Polarity PS: If it goes past current Support (1.29615), I think it will try to head near Weekly Support of 1.25235 dated back to May 3rd, 2016 Thanks, Lakera
Long
by KeraTrader
AUD/CAD Analysis for Week 21DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright so to me this pair seems a bit unstable. As in there is no clear trend going on here, but sometimes on the smaller one-hour time frames we can catch some profit, but I want to make a full analysis on this pair. Weekly: Ok so since August of 2015 the price has been making higher lows, making a trendline, but not able to make higher highs. So basically making an Ascending Triangle. It's hit the support area twice already. So can we expect one more hit before a breakout? Daily: Ok so now on the Daily we can form some structure with support and resistance levels. We can see some support levels around .99670. We have three touches on that support line since April. There is also some resistance area around 1.02000 that the pari was unable to break two weeks ago. WE also see this week closed with a doji on the Daily chart. On Wednesday, Thursday and Friday we have some pretty long wicks on these daily candles but seems like the bulls may have won and were unable to keep the price closing higher. So in the end the price closed below the 1.00644 resistance level. 4hr: Ok so on the 4hr chart we can clearly see that support-turned-resistance levels at 1.00644 and we can also see some resistance levels around 1.01401, where I was actually able to profit a bit this week. So lets take a look at what could happen this coming week. Option 1: So the price could come back down, touch one of the fib retracement levels and keep that bullish trend but until 1.01401 resistance level. If we manage to break that we will have to hold out for the next support and resistance level.
Long
by EdwardFabianRamirez
Cup and Handle Formation on Wheat FuturesIn my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time I've found such a pattern on the chart. This is usually a very bullish signal. Although I cannot trade the futures directly on my paper trading account here, I am looking at the ETF equivalent, but haven't found that one yet. Regardless of what the move does after this, it will provide a great data point when it comes to analyzing different chart patterns, such as the cup and handle. As always, when entering a trade I'll look to risk no more than 1% of my capital, and look to take profits right around the 3:1 or 4:1 risk reward ratio. All the best, RC
WLong
by BrandonBeylo
1