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Countertrend

USDJPY-Weekly Market Analysis-Aug21,Wk1A Bullish Deep Gartley Pattern is about to emerge on the USDJPY 1-hourly chart. If you are a support and resistance trader, you might be looking for a buying opportunity at 109.41. What's more important is to wait for the candlestick confirmation before engaging on that trade. There is at least 1 harmonic pattern on each timeframe I'm trading at, the 1-hourly chart, 4-hourly chart and the daily chart. Are you able to spot all of them? Share your analysis on the comment box.
Long
by RaynLim
Chinese tech stocks in the process of capitulationIt has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout. Volume acceleration Extension outside multiple time frame Bollinger Bands Speed of sell off Definitely a fierce counter-trend trade for more experienced traders that can manage risk and position size appropriately but I'd pay attention to it in this 42 to 46 zone for a reaction.
AMEX:KWEBLong
by EvanMedeiros
USDJPY-Weekly Market Analysis-Jul21,Wk4While there are a lot of trading opportunities using the Harmonic Patterns on USDJPY, but what actually standout will be the trendline buying opportunity. As long as the market didn't break and close below the 4-hourly chart's trendline(to be more precise, not to close below 109.53), I will be looking for a buying opportunity on this pair and my 1st target will be at 110.63. That is also the level that I'll be shifting my stop-loss to entry{SLE}.
Long
by RaynLim
USDJPY-Weekly Market Analysis-Jul21,Wk1If you are worried about the Bearish Gartley Pattern(you can check the link at the bottom within my tradingview profile) for violated on the 4-hourly chart, worry not. Do remember that the Bearish Deep Gartley Pattern formed on the Daily timeframe and base on the 1-hourly chart, we have shorted the Bearish Shark Pattern. As long as the candle didn't break and close above the trendline(Profit Trendline) on the 1-hourly chart, you are pretty safe.
Short
by RaynLim
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP We can take SELL positions at these fibo levels : N1: 657 N2: 674 N3: 701 DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 4 (738) TP could be @ Fibo level 0 (630) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
NASDAQ:TSLAShort
by Hi3rophante
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today : N1: 32592 N2: 31820 N3: 30753 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 5.618 (29504) TP could be @ Fibo level 0 (33659) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BITSTAMP:BTCUSDLong
by Hi3rophante
GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today : N1: 1.3951 N2: 1.3941 N3: 1.3925 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 4 (1.3902) TP could be @ Fibo level 0 (1.3968) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Long
by Hi3rophante