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Countertrendline

EUR/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/JPY. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a strong downtrend. Weekly: The weekly timeframe is bearish too. Daily: We see on the daily timeframe a little bullish trend but there are also enough bearish waves. Therefore, I am not sure about the trend determination. H4: The price breaks the h4 counter trendline. Therefore the trend is for me bearish. Have a nice day.
Short
by Bullandbeartrading
1
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a very strong downtrend with nearly no pullbacks. Weekly: We can recognize on the weekly timeframe a little pullback. But overall the timeframe is bearish. Daily: On daily we see the pullback in more detail. H4: Here we draw the counter trendline. After the breakout the counter trendline was confirmed. Have a nice day.
Short
by Bullandbeartrading
7
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD . Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe a bearish trend with strong bearish candles. Weekly: The weekly timeframe is very bearish too. Daily: At the upper trendline a bearish engulfing candlestick formation occurs. H4: On the h4 timeframe we see a counter trendline breakout and a close under the fibonacci level as well a close under the weekly resistance. Have a nice day.
Short
by Bullandbeartrading
4
GBP/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/CHF. Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe an bearish momentum. Weekly: The weekly timeframe is bearish too but in the last few weeks there's been a pullback. Daily: Daily is bullish but the price touched the daily resistance area and that's a possibility that we can go with the trend. H4: On the h4 timeframe we draw the counter trendline. The price touched the resistance area and in combination he breaks the counter trendline. We expect a push to the h4 support. Have a nice day.
Short
by Bullandbeartrading
1
AUD/NZD Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/NZD. Lets start with the Top Down Analysis. Monthly: The overall monthly timeframe is bearish. Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there. Daily: Daily is bullish but the price breaks the counter trendline and retest it. H4: On the h4 timeframe we see a double top at the weekly resistance. Have a nice day.
Short
by Bullandbeartrading
2
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD. Lets start with the Top Down Analysis. Monthly: We see here nice up and down waves. The trend is bearish because of the L.H's and L.L's. Weekly: Weekly is bearish too. Daily: The daily timeframe shows a upside pullback. After the first pullback and fall after that the price bounce from the h4 support to the upside again. H4: Here we draw the counter trendline. We wait for more confirmations before we think that the price will fall to the h4 support. Have a nice day.
Short
by Bullandbeartrading
1
USD/JPY Trade Idea Hello and welcome to my Trade Idea of the currency pair USD/JPY. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a downtrend and the last monthly candle closed under the last lows. Weekly: We see on weekly a nice downtrend too with good up and down waves. Daily: On daily we draw the strong down trendline. H4: The very powerful counter trendline is drawn on the h4 timeframe. We wait for a clear confirmed breakout before we see a push to the lows. Have a nice day.
Short
by Bullandbeartrading
1
EUR/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/CHF. Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe that the market is in a very strong downtrend. Weekly: On the weekly timeframe we see the strong bearish trend in more detail with nearly no pullbacks. Daily: The daily timeframe shows 3 bullish days and because of that there is a upside pullback. H4: On the h4 timeframe we draw the counter trendline and wait for a confirmed break. Have a nice day.
Short
by Bullandbeartrading