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Longtradesetup

USDJPY: LONG TRADE SETUPPrice reversed sharply sometime last week from a weekly historical support which as held strongly for some number of years now, Bullish momentum is going pretty well for USDJPY but i expect this bullish momentum to slow down as price approaches the next resistance ahead which is at 112. This zone as been holding nicely since April 2019, Could it hold this time around with the strong bullish momentum ? or would sellers hold their resistance zone ? Time would tell ! Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
3
LONG ON USDJPY - Reverse The Previous Trades (if any)Buy stop @108.800 JPY with target @109.500 JPY or maybe higher @110.000 JPY (use Trailing Stops) and conservative stops at @108.200 JPY or a closing-basis stop below the low of 108.580 JPY . For more information on targets - Refer to the following charts (the Horizontal resistances and the channel resistance are drawn) *Alert* / *Note* - Reverse the trade only if the market hits the Buy stop (mentioned above). If the Buy stop doesn't trigger, then it is better to stay SHORT . There is a minimum of 70 pips to be made in this trade. Earlier (in the previous idea/related idea), I told to short this pair. Now it's time to reverse this trade (taking a small loss of 26 pip, i.e. from 108.500 to 108.761) because the context of the market has changed. For explanations, watch out for my posts coming later.
Long
by Satx98
GBPUSD Pullback, opportunity to add to long position.Following on from my analysis on the 30th of March and possible long trade set up. We can see that the support confluence area held and we were over 3 quarters of the way to my target. Today has seen the bears take control as EURUSD has plummeted since the this morning. We are now at the 38.2% Fibonacci retracement level of the move up from the low of the 29th and the bear market looks to be running out of steam. Stochastic is oversold and turning up. This is in my opinion a temporary retracement and we should see price recover and continue higher. This is a good opportunity to add to the original long trade or to initiate a new low risk long trade. New trade set up, risk to reward 4:1 Entry 1.31135 Stop 1.30858 Target 1.3224
Long
by Trend_Analyst