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Countertrend

USDCAD This pair is currently pushing down very strongly on the daily chart. But, it is coming into an area that I consider to be the Weekly Support Zone. This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting for price to come into this area for possible long trades. My short term outlook will be to short this pair towards the Weekly Support Zone. I'll be looking for possible entries on the 1HR, 4HR Charts. Weekly Support Zone(Grey Area) = (1.31837-1.32572)
by Deensesay
A boring 18 month counter-trend experiment with Dow StocksThe selloff appeared to have reached a recent low defined by liquidation, high anxiety, hitting potential short to medium term lows by 2:30 PM on March 23, 2020. For the longer term position trader who would be no different than a long term investor in large cap companies, The prices for the week ended March 25, 2020, may have been an opportune window of entry given the levels of volatility and broad liquidation across most asset classes. positions were taken by the close of March 24 and March 25, 2020, Q1 2020 A small selection of Dow Dividend giants was chosen for this experiment in counter trend positions, which will be concluded in 18 months, or about September 2021, the end of Q3 2021 These will be the beneficiary of any recovery effort which will take time to unfold if there is a systemic risk, it would be seen last among the largest enterprises, Disney's recent 1 yr credit financing hints that the large incumbents may succeed as both speculative positions and investments The lineup includes: Home Depot Intel Microsoft American Express Visa Goldman Sachs Apple Disney 3M
NYSE:GS
by edwardrooster
Trade Ideas Position: USDJPY CrabIt's a great bullish run on the previous Gartley pattern where my final target profit level was set at 108.40(+129), unfortunately the trade was taken out by our protective stop at 107.40(+29), and it just never presents an opportunity of my preference to engage the trade. You have to know that in trading all decision has its pros and cons, if the stop-loss is set to entry, there will have time that it cancels out and leaving your without profit and if you leave your stop-loss at the level you engage, there will be times it hit losses after profit, most importantly you have to choose 1 that suits you most. At this moment, a bearish deep crab pattern has formed and respected the HOP level, I'm waiting for a checkback to trigger my sell limit. Best Reward: Risk(RRR) but it is also at the higher chance for a stop-out as it's at its extreme.
Short
by RaynLim
4
EUR/JPY - Price Has Reach Supply Zone Nearing 119.00Hello Traders!, What Is The Market Telling Us? Strong bullish momentum in the market after reaching 2-year low Price is over-extended as it is far away from 50EMA (Price always returns to MA) EUR strength could be at a hold after reaching supply zone made form early April When Should We Enter? Best time to enter would be once a clear bearish pattern has been completed on the lower timeframe If price continues to rise slightly or there is no clear pattern, I expect a downside turnaround @119.00 level
Short
by forexwithfred
1
Upside risk Coming into this week we have an upside risk to the GBP, over the last 2 weeks we have seen a run down in price and have Hit a volatility zone at 2.00. Volatility box: A zone on +/- 50 pips where price can move freely outside the zone until conformation higher or lower At this time we are looking to see do we get a conformation of 2.00 out of the volatility box this sets shorts up with great fielding for a trade set up 1st Trade: is taken at 2.025 ideally you want to take enough risk to accommodate 250-300 pips of loss to get you to the 2nd trade 2nd Trade: Taken at 2.050 this trade this level represents a clear over extension in price where buyers should be taking profits back to 1st target or hold as core position
Short
by RobinhoodFX
USDJPY-Weekly Market Analysis-May20,Wk4During Wednesday Midweek Market Analysis, we did talk about this didn't we? The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful? Stay close in our community for every session so you won't miss out any of the trade ideas. Most important is to observe how the trade ideas were generated. Right now I'm waiting for it to retest the previous high for a shorting opportunity. The overall trend is still on a bullish setup.
Short
by RaynLim