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Pullbacktrade

HAIR, too late? We might get another chance!This started to take off mid day today. I already have two positions but looking for a third on a pullback. My first entry was near the low of October 15th which was a test of the bull trend line. Got a second entry near the low of October 16th which also tested the bull trend line and made higher lows from the day before. Looking for a third entry on or near a retest of the close from October 16th, identified by the box on the chart. It might not make it there because we've established a pretty good battle ground, as seen by the heavy volume profile near $2.15. Ideal profit target would be along the first trend line, with a possible reentry if the trend line gets broken. We will see when that time comes. As always, practice safe risk management!
HLong
by NicAdams
2
EURUSD Potential Pullback Entry AreaEURUSD attracted sellers upon reaching the 50 day EMA and the 50% pullback point on the corrective bear swing. The pivotal structure still suggests bullish continuation as long as the swing low around 1.1430 holds, therefore short risk on EURUSD is still the preferred choice. As of currently, the gap area around 1.1520, also the 50% pullback on the earlier bullish leg, is a must watch area for a possible bounce. Refer to lower timeframes for entries while keeping in mind the bigger pivotal picture. Long entries on this pair around 1.1520 with tight stops below 1.1480 and wider stops below the swing low 1.1430 seems reasonable for now.
Long
by Zoen_Trieste
EURCHF H4 SignalEurchf printed Bearish PA signal in trend with confluence of Level,Signal,Trend and EMA. Marker is at daily and weekly resistance level(1.1450-1.1490) on pullback but printed signal on h4 sellers can enter now or can enter after daily bearish close for target 113.10 and 112.20 area with stop above resistance level. Disclaimer: Any post/comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his posts/comments. Manage your own risk.
Short
by Nomikhan
Long on POR on PullbackPOR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good enough rank for a swing trade. It has beaten earnings estimates over the last 4 quarters. It also has a cool 3.14% dividend yield which isn't too bad for some our longer term holders. POR has an ATR of 0.67 at this time which means it wont be making any drastic moves unless something big happens. I will stay in for a couple days to a couple weeks.
NYSE:PORLong
by GoranTrader
AUDUSD : Prepare for POSSIBLE SHORT-1500+ plus PIPS Movement!This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed. Actutal Trade is done vis OANDA account - FYI We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! > 1. For AUDUSD approaching Trendline S/R formed since 2002. Remember TRADING is never 100% accurate.. >2. With analytics, we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull Back BAR OR P RICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !! A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART : WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART : B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT when PRICE breaks ZONE of 0.7160 to 0.70170. Then RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch . Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD -0.84% . TARGET Profit 1,5000+ PIPS RUN !! 3- 2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
AUDUSD : Prepare for POSSIBLE SHORT-1500+ plus PIPS Movement lWe make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! >1. For AUDUSD approaching Trendline S/R formed since 2002 . Remember TRADING is never 100% accurate.. >2. With analytics , we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull BAR OR PRICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !! A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART : WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART : B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT whenPRICE breaks ZONE of 0.7160 to 0.70170. RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch. Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD . TARGET Profit 1,5000+ PIPS RUN !! 3-2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
DXY - TRADING THE PULLBACKThe skill of technical analysis can be used on any market and on any timeframe and today i wanted to show you an example of this on the US Dollar Index Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking to get long this is the perfect opportunity to start looking for opportunities. A hold of the 94 level would be ideal, but as long as we don't violate 93.20's I'll be holding on to my bullish bias.
TVC:DXYLong
by Akil_Stokes
9
EURJPY 4hr - Double Bottom Now Moving Up To Previous StructureAfter a fantastic day of trading yesterday, we're looking to have the potential for another today as I have 6 out of the 9 pairs in my trading portfolio on my watchlist. On the EURJPY chart above, we've just completed a double bottom pattern and my next projection for price is a move up to the 128.50-1.2950 level where we see our previous structure resistance. If you didn't catch the double bottom there are still a few ways to involve yourself in this opportunity, one being a retest of that double bottom, which is something we often call a 2618. I'm excited to see so much action as we creep into the dog days of summer, and with a new kid on the way any day now, i'm excited for life in general. As always i wish you guys a great trading week! And remember this IS NOT a trading signal simply my view of the market. Akil P.S. - Man U Fans .... What the heck is going on?
Long
by Akil_Stokes
18