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Countertrend

GBPUSD - Price Action Analysis --> Counter Trend TradingHi Traders! The market is in a longterm Uptrend. To get an overview of the current situation, take a look to this chart: This is the Daily Timeframe. As you can see there is an uptrending market. An ascending Trendline is supporting the Trend and this is also viewable on the weekly timeframe. We should take into consideration, that the market is at strong Resistance now and simultaneously in a Parallel Channel. Moving on to the H4-Timeframe: Here you can see a comparison of the three Up-Movements. This is a part of the Price Action Analysis. As you can see the Movements are getting weaker. In conclusion of that we expect a Down-Movement in the next candles. We recommend to trade the Breakout of the Trend towards the Parallel Channel. Thanks and successful Trading :)!
Short
by swissmoneymakers
USDCAD - Trading towards the Trendline - Pullback EntryHi Traders! Here are the screenshots for the Multiple Timeframe Analysis. If you want to know more about any methode, thought process or anything else, please ask in the comments. The timeframes we analysed are: Weekly Timeframe - Daily Timeframe - 4 Hour Timeframe - 1 Hour Timeframe Weekly Timeframe: Daily Timeframe: H4-Timeframe: H1-Timeframe (Entry): We recommend to trade with a candlestick pattern confirmation. Thanks and successful Trading :)!
Long
by swissmoneymakers
USDJPY - RSI DivergenceUSDJPY has a Bearish RSI Divergence when it is forming it's ascending triangle. We have headed in for a shorting opportunity instead of a buying opportunity as President Donald Trump said there won't be a smooth handover. On trade management, we will observe closely if the 1-hourly candle can break and close below the trendline, failure to do so, we might exit the trade in advance. Based on the daily chart, it is a trend trading trade but on the 1-hourly chart, it is considered as a counter-trend trade.
Short
by RaynLim
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim
USDCAD - Head and ShouldersA head and shoulders formation coupled with RSI Divergence give a strong call for me to engage another shorting trade. A long shadow candle would help me to make that tough decision. On top of that, I still have my existing shorting trade on bearish shark and bearish crab harmonic patterns engaged. Shark Pattern and Crab Pattern are the harmonic patterns that potentially drives lots of profit and at this moment it is at a risk-free zone(I'd shifted my stops to entry). Which means every pip the market move towards my target(down) I earn double and if the market move against me i lose single.
Short
by RaynLim
Gold (XAUUSD) - AB=CD PatternGold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low. If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity. An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
FX_IDC:XAUUSDLong
by RaynLim