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Countertrend

USDJPY-Weekly Market Analysis-Aug20,Wk1Overall USDJPY set up for a trend trading setup. 106.74 is an important resistance level for trend traders to observe for a shorting opportunity. 105.28 to 104.79 presents itself as a buying opportunity for counter-trend traders. If market head up to 106.74 before retracing, I will wait for candle confirmation to short as a trend trading trade, however, if the market retraces into the buy zone 105.28-104.79 before hitting the resistance level, I might head in on the counter-trend trade to long.
Long
by RaynLim
Short term Buy for USDCADReason for Entry (RRR) : Counter trend trade, W forming @ 4H Support, Price hasn't retraced from previous BOS, USOIL fell, 1H hasn't closed past previous structure created (R/R Twin Trade 1:2, 1:3) Outcome : Feelings going into trade : I don't usually take counter trend trades but because of USOIL hitting my SL on previous trade, it gave me inclination to look at USDCAD and saw this setting up. Still confident in analysis and will extract what I can if price goes in intended direction. Feelings after trade :
Long
by UnknownUnicorn3986846
OGN/USDT | Holding Structure | Support Confluence |Trade Setup Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high. Points to consider: - Strong Counter-trend - Daily/Trend Support Confluence - 21 EMA Visual Guide - Declining Volume - Oscillators Below 50 OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support, historically seen to be a key pivotal level. Price consolidating and respecting trend support as it coincides with daily support putting emphasis on the key level. Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management. Volume is steadily tapering off indicating an influx being imminent, likely to coincide with the breakout. Both the RSI and Stochastics trading below 50; an indication of lacking strength and momentum in the immediate market. Oscillators are likely to neutralise as the trade sets up. Overall, in my opinion, price needs to hold trend support; a successful S/R flip of the 21 EMA validates a long trade to technical targets above with risk defined below daily support. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
1
FKLI TRADING : 108) Sliding slowly to 1560 to 1512this is trade 108) frm haidojo trading...fkli-july will end in few more days...so trade with caution and don't hold too long for swing trade... we anticipate the price to slide down to 1560 and 1512...now the support level at 1587 is going to break anytime soon...if it happens to break down lower to 1512, then we shall see if the counter-trend trade, bullish cypher pattern is making its way back or not...? finger cross... support : 1560 lower support : 1512 awaiting bullish cypher pattern and also breakout pattern on the way... WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, 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
FKLI TRADING : 81) 2 possible trading opportunitieshi, this is trade 81) frm haidojo trading. I am presented with 2 possible trading opportunities in fkli-july... 1) for a possible counter-trend trade, if formation of Double-Top happens near 1616-1620, and RSI OB(Overbought), then go for short with the 1st tp near support level 1580, 2nd tp near 1560...make your SL possible like 5-10pts abv entry... 2) if you are going for trend-continuation trade, then wait for some signals at 1580, tp 1616, SL 5-10pts below entry... or long at lower support level, 1560, 1st tp 1580...2nd tp 1616...SL put 5-10pts below entry... WARNING : This is just for educational purpose onli, it is not a hint of buying nor selling...pliz consult your financial advisor before putting any extra risk in your futures trading...
MYX:FKLI1!
by HAIDOJO_trading
1
EUR/GBPhere on the Euro/ Pound (EUR/ GBP) we have a nice crab pattern i drew out the other day (Sunday I think) and i have been waiting to enter the trade and missed my opportunity for the type 1 move so now im waiting for the T2 move. the trade is currently 20-ish pips in profit for the T1 setup! the yellow line is the HOP for this pattern. based on the COT report once this trade looks like its reversing take your pips and get out. the COT suggest that the Euro is to move up and the pound is to move down. So, this is a contrarian trade and to be managed automatically due to the large orders for both pairs based on the COT.
Short
by ARegularGuy
1