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Countertrend

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
Nasdaq - Trade opportunity! Short term trade idea: Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area. Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area. Below 11085 Area Bears could come in control with key support areas of: 10930 - 10711 Medium term: I am bearish US Indices, Precious Metals, EUR, AUD, NZD - This would be a counter trend move, please use appropriate risk management. Target for EUR - Low ends of 1.16 to 1.15 area to position for longer term EUR target of 1.22/1.25 All the best, Trade Journal Remember: Just a trade idea, not a recommendation.
OANDA:NAS100USD
by Trade_Journal
2
NAS 100 TRADE UPDATE DESCENDING CHANNEL FORMING TARGETING 10,5159/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY, EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL COMPLETED THE R5 MOVE TO THE DOWNSIDE. POS 53% ENTRY: WAIT UNTIL A COUNTER TREND LINE ON THE 2HR AND RETEST BELOW THE DESCENDING CHANNEL WEEKLY: DOWN R5 DAILY: DOWN R2 ENTRY: CTL 2HR R2 POS: 71%
CME_MINI:NQ1!Short
by CarterKyleCapital
5
XAUUSD SELL UPDATE 400 PIPS LEFT OF 800 PIP SELLOFF 9/23 XAUUSD HAS STARTED TO BREAK BEARISH AFTER A LONG RUN UP TO 2072 AREA, THE WEEKLY & DAILY WILL BE CONSIDERED SHORT TERM BEARISH BASED BROKEN COUNTER TRENDLINES AND RETESTS THAT HAVE CONFIRMED THE DOWNSIDE MOVEMENT. ONE THE 2HR WE OUR STUDENTS TO A TRADE AFTER A BROKEN A TRIANGLE TO THE DOWNSIDE TARGETING THE 1830 AREA. IF YOU MISSED THIS ORGINIAL MOVE HERE IS AN UPDATED TO SO YOU CAN CATCH THE 400 PIPS LEFT OFF THE 800 PIPS SELL OFF. IF YOU LIKE OUR ANALYSIS DROP A LIKE AND LEAVE A COMMENT ABOUT WHERE YOU THINK THE MARKET WILL EVENTUALLY GO
OANDA:XAUUSDShort
by CarterKyleCapital
2
Week 39: Opportunistic Short on FCPOX 2020Week 39: 21 to 25 September 2020 FCPOX 2020 analysis Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio. We only need to risk RM24 to get RM336, that is 14R. Again, this is a risky move as we are trading against the trend, but, this is a worth trying. Here is my personal trade: Sell at market now RM3,111 Stop Loss at RM3,135 Take Profit 1 at RM3,000 Take Profit 2 at RM2,900 Risk Rewards Ratio = 14R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee . As always, move your SL when you are in the profit zone.
MYX:FCPOX2020Short
by machintose