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Countertrend

EURUSD 1h DEMANDI like this demand zone area on the 1-hour chart. It is sitting on an already tested 4-hour demand zone (faded green area). The only thing it has against it is that it is counter trending against the downtrend of the Daily bias. But the consistent HHs and HLs tell me that price is going to rally for a while, probably to mitigate inefficiency and/or the institutional candle above on the Daily. With that in mind, I'm taking partials at about 1:5 but I am open to holding it much longer.
Long
by QSVentures
EURUSD - First Pullback, Than Down-Trend-ContinuationHi Traders! The market is in a Downtrend. The concept of this idea is that the market goes up to make a Pullback. After that, it'll fall down and potentially even reach the Weekly Support. Here are some indications which supports our view: - Up-Movement from here: Bullish Divergence Market didn't make any dynamic Pullback since the last Top H1-Trendline offers itself as an Entry Trigger -Down-Movement after Orange Box: Daily Trendline H4-Resistance 38.2% Fib' Retracement If you have any kind of question or a different point of view, feel free to comment! Thanks and successful Trading :-)!
Long
by swissmoneymakers
GBPJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups. I'll include the link to the EURJPY for your reference.
Short
by RaynLim
EURJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups. I'll include the link to the GBPJPY for your reference.
Short
by RaynLim
AUDCAD - Bullish Deep Gartley @ XA Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return. And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag formation. In a way, this trade is risk-free for me. If you decide to engage the trade, you have to observe how the candle react when it approach this region.
Long
by RaynLim
CADJPY - Bullish SharkIf the 2 bearish candles didn't appear before the market close, the Head and Shoulders formation is an almost perfect setup. Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern. At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point B. 2nd Target for the Head and Shoulders is at a Risk-Free setup. In fact, the stop-loss has locked 16pips of profit and that is the Worst Case Scenario for this trade. The Best Case Scenario will bring you a 217pips(approx. 2,170USD/lot) potential. Now, that's why Patience is Virtue!
Long
by RaynLim
EURJPY - Bearish SharkDo you remember the Bearish Shark setup that I've shared on 15 March 2021? Well, I don't remember the exact date, but tradingview does. That's 1 thing I love about tradingview. It helps traders to differentiate the real trader apart from those who just do screenshots that are favourable to their desired outcome. For those who have engaged on the Shark Pattern on the weekly chart, right now it is giving you 338pips(approx. 3,380USD) of running profits, from a 579pips(approx. 5,790UDF) retracement. Check out the link at the bottom of the tradingview post. At this moment there are 2 potential scenarios on its daily chart. A bullish bat completing at 126.00 as a trend trading setup or a Bearish Shark Pattern completing at 133.46 as a counter-trend trade.
Short
by RaynLim
USDJPY-Weekly Market Analysis-Sep21,Wk2Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately 530USD/lot traded. USDJPY has just completed its Bearish Flag Pattern. I'm waiting for a double bottom, which means the market has to retest and touch 109.62 for a double bottom buying opportunity. This will put the trade setup to be a counter-trend trade and an RSI Divergence will be my minimum criteria to engage the trade and the first target will be at 109.88.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Sep21,Wk2Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend Traders can wait for the Bearish Deep Crab Pattern confirmation at 1.3910. Usually, for Deep Crab Pattern, I will wait for consolidation and retest before engaging the trade.
Short
by RaynLim
EURUSD - Bounce off at upper Channel Line + DivergenceHi Traders! The market is in an Uptrend. This statement is supported by the fact, that the SMA 50+200 are crossing bullish right know, which is also called a "Golden Cross". So now, as the market is going up, we have to see when it's going to be over. So we here have some indications why the market is goint to end soon: Price moved really far until now The market is reaching a Daily Resistance The MACD shows some kinds of Divergence As we're in an Uptrend, don't set your TP too far away. Thanks and successful Trading :-)!
Short
by swissmoneymakers