+++ Don't forget to LIKE & Follow+++Sorry for not posting previous week, but I knew that markets will be highly nervous thanks to the Brexit so I decided to hold trading, but this week is different. I have a potential Bullish Bat Formation for you - a nice counter trend move. Entry @ 1.0945 Stop @ 1.0876 Initial Target 1 @ 1.1037 Initial target 2 @ 1.1095 Good...
If we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level. As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in...
COUNTER TREND TRADE PAIR: NZD/USD TIME-FRAME: 4HR TRADE: COUNTER TREND TRADE Took a Counter Trend Trade on the NZD/USD 4HR time frame. Let's wait and see what happens. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
Monthly downside momentum broken Price currently at price levels where counter trend longs are better probability Need evidence of buying on smaller time frames first though. Also, profit potential for longs capped by recently created monthly SZ above price
Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well. Make sure you check out yesterday's video for an explanation of the TCT...
Hi all, Complex bat retracement as the interface of a bearish continuation that can result in a naturally occurring triangle pattern ending at a projection of Gan fans from March to Sept. Regards Laurence
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus,...
As expected in this pair continues to head south. Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside. On lower timeframe (4h) a double bottom already completed with bullish RSI divergence. This could trigger a nice countertrend long trade before looking to a continuation downside (to the...
Here on the EURGBP i see a good counter trend trading opportunity by combining the facts. We have a triple top with RSI divergence and we also have some long wicks on the last test of this structure level indicating that there is some selling pressure up here around an even handle number at .73000 and these even handle numbers are worth paying attention too,...
Hi, please find my thoughts on doing reversal trades. This is the pattern that i am looking for when doing reversals!
Potential counter trend Gartley at a good structure area, remember its strong counter trend so half position size is advised. Entry is just under horizontal support and stop at good structure area. RSI is reaching oversold so it looks like a verifiable buy but be careful. Entry, stop and target is as you know them. Kind Regard Thomas Jeff
Idea is based upon Elliott wave theory supported by median line analysis. More info on the chart. Good luck.
A lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the...
Bullish Bat Pattern here on XAUUSD that's looking to be putting in a double bottom at the completion point. (You may hav eone already on the LTF). I say looking because on this 4hr timeframe the current candle won't close for another 2 hours or so and as we all know the close is very important to the story that the market is telling us. If you take a look at...
PRICE AT AN IMPORTANT KEY LEVEL AND JUST BOUNCED OFF THE RESISTANCE TURNED SUPPORT FORMING A DOUBLE BOTTOM. ALSO THIS KEY LEVEL IS IN CONFLUENCE WITH THE 0.5 FIB LEVEL. GBP AVERAGE HOURLY EARNINGS IS EXPECTED TO COME OUT BETTER AT 2.2% AND THE REASON WHY THIS IS IMPORTANT IS BECAUSE THE BOE (BANK OF ENGLAND) SAID THEY'LL BE MONITORING HOURLY EARNINGS DATA. IF...
The current move in EURUSD feels like exaggerated / capitulation move. Time to try a long for a retracement. RISK management is #1 Trade reasons: EURUSD pushing past daily S2 - 1.2715 EURUSD pushing past weekly S2 - 1.2710 EURUSD pushing past monthly S3 - 1.2713 EURUSD is -9.30% in less than 2 month without any significant retracement. 1.2743 low was taken out,...