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USDBRO Brent Daily Long with 3 TPs with 50 Pips Trilling SLwe believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP, keep in mind it is a Buy order with a 50 Pips Trilling Stop loss. there is a Buy Stop for the 3 TP with 50 pips trilling SL, If the First TP is broken and passed the First Level we are expecting the Second Target to be our next Goal but If it could not pass the First Level and a Big Retracement happens then we have a Second Scenario and we should look for a reversal... be careful about your Position Sizing and it should be Proportional to your Account Balance as it is a very long Time Analysis and Trade, each candle is representing a Day so it may take up to a month or more Entry and Exit points should be considered in a Range of Pips not an exact point. Enjoy Trading sensibly please do n't hesitate to Ask us any questions in comments. Good Luck
FX_IDC:USDBROLong
by BitonGroup
Gold can Test Weekly Resistance Levels 1W Chart: Below the week there was little difference between the trend line and resistance, and this did not include a good risk / reward ratio. I shared ideas about the trend towards gold and precious metal stocks. But I think it will test the resistance of 1569.4 in a short period of time with the addition of Iran news which are already moving towards resistance. A long signal on the weekly chart was taken a few weeks ago, but as I said, I waited for the trend line break. Then an invalid short signal was received, which is due to high volatility. That's why I don't recommend large transactions, but it has a nice risk / reward ratio because may considered with reasonable small amounts. It can also open from above at opening. Parameters : Risk/Reward Ratio : 1/2.65 Position Size : %1 Stop-Loss: 1545.96 ( Manually taken from 1546.22 ) Target : 1569.4 (1W Resistance Level ) You can look at related ideas to look at my general view of Gold and Global Markets. Overall I am expecting a more mercantilist financial quarter. If the air becomes more serene, the industrial metals will take its share. But now we are in the short-term stop and wait mode for stock markets because of news from Middle East. Regards.
OANDA:XAUUSDLong
by Noldo
To success — ask simple questionsHello friends, first of all, you can support this idea and follow simple questions in your trading. This post will help you find your ways in trading. Before any trade, ask simple questions and make sure you have answers. Can you afford to lose some amount money? — Accept the risk. Don't fool yourself. Do you have a strategy for trade? — Plan where you will get profits and where take loss. Are you in right state of mind? — Make sure you're not biased to something in this trade. Do you have confidence in your analysis? — Get more knowledge of TA, and what works for specific asset. Is there any news may coming to impact this trade? — Bad news or even good news could change direction for short-term. Be ready for everything. Is there any reasons not take this trade? — Well any reasons here, schedule, work, health etc Is this is a safe trade? — Make sure you are not jumping in trade in FOMo, check yourself and risks. Stay profitable, this is ArtemCrypto
BITFINEX:ETHUSDEducation
by ArShevelev
1
Natural Gas Overview Natural Gas industry finds itself in an odd predicament – total production is still at record levels, and may continue to climb, albeit at a slower and lower rate. At the same time there are widespread financial problems in the industry, particularly for gas-focused companies. One of the big questions regarding production is whether Texas oil drillers can keep gas output growing enough to offset the declines underway in Appalachia. - Nick Cunningham Let's start after this current summary. Natural gas prices continue to be dominated by bears under the trend line. The risk / reward ratio for the continuation of the bear market is now at 2 levels. When we look at the graph, we see a bearish wolfe wave formation, but we cannot say that it started because prices above the reference point. I think over 2.500 - 2,656 area bears will be replaced by bulls. ( 2.656 = Stop-Loss Level ) The current trend line is not a very accelerated and reasonable line, but may be an indicator of excessive pricing. The temperatures are above the seasonal norms all over the World. The support-resistance levels to be followed are: -Support Level : 1.647 -Resistances : 2.5 - 3.05 - 3.9 - 4.527 Summary I don't see a very valuable risk / reward ratio for opening positions on a weekly basis, but for the downward refraction of the bullish wolfe wave, opening short for lower time periods can be considered.(Breakout Bullish Wolfe 2-4 Reference Trendline ) I can look forward to an opportunity for a clear upward break of the orange trend line and 2.5 resistance, or for long positions over long periods of time below the level 2, ie close to support. When one of these possibilities comes true, I will share my opinion with another clear judgment. Best regards.
OANDA:NATGASUSD
by Noldo