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Buy-setup

Gbp/Aud POTENTIAL Long Term Buy Set Up!My chart features a setup for a potential Gbp/Aud Buy. The top chart shows key support and resistance zones on a daily level. On the bottom chart, I zoomed out to show that price may be at support level for the ride back to the upside. My RSI isn't shown on here but if you're interested you can see there is a hidden divergence. With all of the news this week, I'm hoping to get another touch around my lower entry levels for a 800 pip potential trade. This is a 3.2/1 Ratio trade that I am willing to test my patience level and ride out for the long term, if things go according to plan. The Risk/Ratio goes lower for a higher reward if price happens to break below 1.79 and finds support down there. If price reaches 1.76, I may update for a selling opportunity. In all honesty, I am hoping for another run back to the 2.0 price, so this is a pair I will be buying on dips and monitoring very closely!
Long
by SlattYSL
2
*GBP/CAD* Entry and ExitBuy IF: candle closes above the 0%. Take profit at -27% level Sell IF: candle closes below the 38.2%. Take profit at 61.8% level Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level. Note 2: The profit target must not be touched. If the candle jumps/drops and hits our profit target before closing, then our entry is no longer valid and we should wait for the next opportunity. Good luck!
by UnknownUnicorn913117
COULD THIS BE ANOTHER SHARK?Hello traders! We are monitoring the development of another shark pattern on the dollar cad. We took the opportunity on the previous setup and could possibly get another buy opportunity here. As the name suggest, the shark pattern has impulsive behaviors as you can see when the market failed to break the 1.13 extension of the AB leg on the previous setup. We see the impulse reaction towards the previous low, typically between the .886 retracement and 1.13 extension of the 0A leg for a potential reaction. This reaction is usually impulsive as well which makes the shark pattern a volatile pattern. Traders should monitor price action near or at the reversal zone for trading opportunities. This is an idea, not a signal, published for educational purposes. Trade smart don’t gamble! -Rum For signals, be sure to sign up for our signal service coming September. To learn more about shark patterns, visit Scott Carney’s channel on YouTube for more information.
Long
by PipTips
1
$US30 - ROUND NUMBERS GALORE - RECOVERY COMING UP?Not the best inverse head and shoulders I could've hoped for but still decent enough offering a good risk:reward opportunity. Currently forming the right shoulder so up to every trader's discretion whether they want to take this conservatively waiting for the slanted neckline break or at the end of the right shoulder formation. A vaccine probably coming sooner than expected? :O Hypothetical scenario: (1) Entry @ 20000.0 (Buy Limit) (2) Stop Loss @ 18500.0 (1500 Points) (3) TP1 @ 22640.0 (2640 Points) (4) TP2 @ 25000.0 (5000 Points) (5) TP3 @ 27000.0 (7000 Points) Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
OANDA:US30USDLong
by Aqua_Trader
3
CHF/JPY | BUY TRADE | 58 PIP TARGET | +1:2 R/R!Stark correlation between this pair and OANDA:CADJPY . (view related ideas below) Hypothetical scenario: (1) Entry @ 110.200 (BuyLimit) (2) Stop Loss @ 109.940 | 26 pips (3) Target @ 110.780 | 58 pips (4) R:R = 1:2.23 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Long
by Aqua_Trader