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AUDCAD long setupOn H4 the pair retraced to the 61.8 fib level which, to most people exemplifies a breakout. Most times this is wrong as the market makers will pullback to this area (where a lot of folks put their pendings for breakout trades), grab all the liquidity that's sitting there, and then pull away in the opposite direction which is the intended trend. Sometimes they will even stretch it out an additional 10-20 pips to get your hopes up only to take it all away from everyone. If this happens to you, close your trade and go the other way along with them. Set your TP every 65 pips all the way up to .9085 area at which time we should see signs of a slight pullback for more liquidity. Let me know of your thoughts and ideas and analysis below. We're all in this together, let's make some money together, cheers!
Long
by polebarn
1
Day trade USDJPY longWell the blue top channel trend line held once again on this pair. It is a weekly channel top trend and until it’s broken and held the path of least resistance is higher. Add into the mix traders, and thus the market is looking forward and wanting something positive out of the Trump China trade war front. With meetings at the end of this week 10-11-13-19 I can see JPY drifting higher and then when the meetings get under way for real the pair should trade more nervously. With today’s impulsive push higher and a break of a small hourly triangle, the up side target on the triangle break should be around 107.60-80ish. Near term horizontal support is close to the break out point 107.00-107.20 I’ve git orders out and looking to play this into Asia’s market opening. If you trade, the risk is all yours. Thus isn’t meant to be trade advice. In trading you either make dust or you will eat dust. All the best my trading friends.
Long
by PipsTradingClub
LTC/BTC longLTC/BTC pair shows bullish signals. Breaking out of a descending channel we were in for the last couple of months, While in that channel MACD daily gave strong bullish diverge signals. If price manages to stay above 0.007 BTC it will head towards higher levels . Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and 0.009837 BTC price, good chance to accumulate some BTC .... as long as BTC which floats on dangerously low volume the last week, wont tank History proves that each time BTC makes a huge move to the downside altcoin market follows regardless what the BTC pairs charts indicate ,so extra caution with stop losses required on this type of trades.
by django2