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Countertrend

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
EURUSD-Weekly Market Analysis-Oct20,Wk4As EURUSD had a checkback on the bearish shark pattern, there are 2 major prices that I am waiting for the shorting opportunity. The first level I'm waiting to short is the previous high at 1.1873, traders might see it as a retest of resistance and head in for the shorting opportunity. Another level that I'm waiting for the shorting opportunity is at 1.1893, which is along the upper trendline that was formed by the parallel channel, the one rule for me to engage the shorting opportunity is that it shouldn't break and close above the channel.
Short
by RaynLim
EURJPY - 1 Hour Rising Channel at Structure (2nd Chance Entry) I woke up this morning to a lot of bullish momentum on the EURO pairs & to no surprise as the session carried on we started to see the momentum slow, offering some pretty decent countertrend trading opportunities. One that I involved myself in this morning was the EURJPY. This pair has yet to move to the projected target price so if we were to retrace & hold at the highs once again (Double Top) it would offer an excellent opportunity to get a second chance at getting involved in a short trade. As always if you have any questions about the setup or simply want to share your idea, please let me know in the comment section below. Wishing you a great trading week. Akil Stokes
Short
by Akil_Stokes
2
USDCHF - Pullback Trading Idea - Counter-Trend TradingHi Traders! The market is in a Downtrend. Let's begin with the weekly! Here is it: The market is here in a Downtrend. Let's take a closer look to the the Price Action around the Support. At first we had a Downmovement, but the Support held and the market turned over. Then it came back again, but same thing: Market holds and turns over. After that, the market broke through the Support and made a ner Low. This is a new Low since July 2017! Moving further to the Daily: The market is here also in a Downtrend. It broke through Support and retested it also successfully. Now we have to observe what the market is doing in the red area. Key Question: How will the market react to this area? Is it going to reverse or continue lower? Is it ready for the next downmovement or not? Moving on to the H4-Timeframe: Here you can see another strong Downtrend. The market makes a trending move and a retracement move alternately. At the moment it is in a trending move, so we can prepare for the retracement move. What you can't see in this chart, is that we analysed the amount of the retracement from the trending move. Here are the Results: 50% 61,8% 61,8% 78,6% As you can see, the market is retracing more and more in comparison to the Trending Moves. That's why our TP is at the "safe" 61.8% Fib' Retracement Mark. Last but not least, the Entry H1 Timeframe: What you can see here is only the tight Trendline, which could serve as our Entry. The SL is below the Low and the TP at the 61.8% Fib' Retracement. We recommend to trade counter Trend Trading only if you're not a beginner anymore! Thanks and successful Trading :)!
Long
by swissmoneymakers
3
FKLI TRADING : 194) sideway market, bearish batthis is trade 194 frm haidojo trading... discover a new trade, possible bearish bat pattern...as consolidation breeds advanced patterns... entry at short 1531, SL 1545, 1st tp 1515, 2nd tp 1492... the rest remains the same as trade 193)... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1531-1540 (bearish bat pattern) immediate resistance : 1500-1515 support : 1477-1488 lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
2