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Countertrend

EurGbp Buy. Strong buy on ARC SUPPORT Hello traders welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel , and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on at exactly around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few pips away but trade can be placed right about now. There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the channel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.864) has been set moderate, ofcourse you can hold long if you wish! This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis! Use reasonable risk. But this is also a good swing trade as i expect price to be bullish for the next 2/3 days!! Good luck. Entry 0.8267 Stop Loss. 0.82330 TP: 0.8678 BUY SIGNAL
Long
by kenzima44
21
EurGbp debunked. Strong Buy signal hello traders welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Congrats if you took that trade! Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel, and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few moves away from the buy entry(0.8678) but thought i'd share ahead of this move. There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the chanel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.854) has been set moderate, ofcourse you can hold long if you wish! This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis. Goodluck!!
Long
by kenzima44
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity. If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market) To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
Long
by RaynLim
9
USDCAD SELL 15sSorry for the late publish. I was busy watching other pairs and it happened rather fast, being on the 15 second chart where I entered off confirmation. But I have reason to believe price is reversing towards the upside. So, this is more of a countertrend trade for a small 1:5 RR. Also, what held me up, was the acknowledgement of the countertrend. So, I waited for price to break below previous LL to take 30% partials and moved my stop to break even... Just incase.
Short
by QSVentures
CADJPY - Bullish CrabAlert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens. I know that I have until 6 pm to make my trading decision. To trade or not to trade? Should I engage in both pairs or should I choose 1? That's how real trading can be. There's no need for you to guard your computer and wait for action on every tick. Sadly for USDCAD, the Bearish Shark got activated, and not the Bullish Gartley(check the link within TradingView) I have made my move on CADJPY. Why this pair and not another or both? Well, It might be too long of a post for that explanation. Allow me to keep it short by sharing only CADJPY. It has an RSI Divergence, which has been marked by a black arrow within this chart. No doubt a long shadow candle happen that is not showing immediate strength in the bullish setup. I see that the volume indicator on the side that gave me a 20pips leeway to place in my stop at entry when it happen. Once I did that, there will be no downside for this trade, and that's great! Judging the movement of the candle, I could expect a potential Head and Shoulder Bottom that can give me another buying opportunity at around 90.44. When that happens, it could form above the "area of concern" , what I need to see is the market break and close above the "area of concern" . It might be a clearer picture for you to decide to engage this trade when I share it(due to the formation of the candle) Could you imagine that I engaged the trade at 90.13 and not 90.22 at the price you have seen! It takes experience to read the chart and make the trade. Learn, Practice and get a Coach!
Long
by RaynLim
2
GBPAUD - Bullish Deep Gartley Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me. I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern form near the Buy Zone within the 4-hourly chart. Have a closer look at this on Monday if not latest by Wednesday, it should form up if it is meant to.
Long
by RaynLim
1
GBPUSD-Weekly Market Analysis-Jan22,Wk4We are already in this trade. The 1-hourly chart Bullish Shark Pattern, check the link within the TradingView for more insights on this trade. But if I were you, I will wait for a break and close above of the blue trendline that was highlighted in the chart, that will give further assurance on the trade, but you will have to trade it off with the better entry price you are getting at this moment and the RSI has a RSI Divergence at this moment, but I were you, I will be waiting and that is because there is a Bullish Butterfly Pattern that complete at a lower price at its 4-hourly chart. To be honest, even within the Butterfly Pattern in the 4-hourly chart. It is definitely a good idea to have one more filter checked off. What would it be like for you? 1. Engage Now 2. Wait for candle break and close above the trendline 3. Wait for Bullish Butterfly on the 4-hourly chart. Comment down below.
Long
by RaynLim
6