This is a general market commentary and does not constitute investment advice. Follow your plan and rules. Good luck!!!
I apologize for the sloppy chart but this was the trade that I recently discussed in my Forex market Preview video & didn't want to erase anything just yet. (Link to my youtube page is in the "signature" box below) But essentially there are two potential trading opportunities that I have my eyes on for this pair. A potential counter trend trade (SHORT) if the...
Short from 10570.0 was stopped out for a loss. Anticipating 10645.0 to hold for another shorting opportunity. Trade #2 - Short @ 10645.0; Stop: 200 points, Target: 400-600 points.
These Levels mark the anticipated extremities of intraday price movement.This is a Counter-Trend trading strategy. Long @ 10422.0; Stop: 200 points, Target: 400-600 points. Short @ 10570.0; Stop: 200 points, Target: 400-600 points.
This is an "intraday" counter-trend strategy. Expecting today's "intraday" range to be between 2128.00 and 2154.00. Short @ 2154.00; Stop: 12 ticks, Target: 36 ticks. Long @ 2128.00; Stop: 12 ticks, Target: 36 ticks.
This is a "counter-trend" strategy. We do not predict but instead anticipate exhaustion in price and trade accordingly. Short @ 50.10; Stop: 20 ticks, Target: 60 ticks. Long @ 48.45; Stop: 20 ticks, Target: 60 ticks.
PAIR: EUR/JPY TTF: 1HR TRADE: CTT (Lower Time Frame Bat Entry) NOTE: These are potential Trade opportunities based on my own personal Analysis. Please respect my Trade ideas with kindness. Thank you, Star Prosper Philip Stewart
Expecting some consolidation in today's intraday price action with a slight upside bias for today. Expected levels for "bounce" or counter-trend trades are as shown in the chart. Shorts from 47.60 & 48.40 if reached. Long from 45.90 region. Use 15 tick Stops and 45 tick Targets. We can only anticipate price action and use simple money-management to control the...
PAIR: EUR/GBP TTF: 4HR TRADE: Counter Trend NOTE: These are potential Trade opportunities based on my own personal Analysis. Please respect my Trade ideas with kindness. Thank you, Star Prosper Philip Stewart
Counter-trend butterfly pattern therefore only taking the .382 target. I'll be waiting for a lower-time frame trend line break or price action signal to enter this trade to decrease pip risk. This pattern also completes at a major psychological number - 100.00.
Nice counter trend trading opportunity here. Why? 1. We have fibonacci confluence from a previous high @ 618 2. RSI is overbought 3. ABCD completes close by 4. We are at a strong trend line support 5. We also have a diagonal trend line resistance (not currently drawn on) which would support the shorting bias. Depending on your strategy you might require some...
+++ Don't forget to LIKE & Follow+++After yesterday's big upward move, now price is in a correction mode on 4H, EURUSD. Price is heading lower to test our structure shelf - presenting to us a potential 2618 Bullish Setup. This will be nice opportunity for all of you conservative traders. If you look left price didn't break current structure level @ 1.1130s, we...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look...
+++ Don't forget to LIKE & Follow+++I got filled in this Bearish 2618 Setup on 1H, here on NZDUSD. 2618s provide conservative way for entering in counter trend opportunities. This particular 2618 is really good because we can target 1st target at current cycle low - look at that beautiful Risk/Reward factor for 1st target. For 2nd target we can shoot for the...
+++ Don't forget to LIKE & Follow+++I've found a potential Bullish Bat Formation on 15M, here on USDJPY. Since price is in down trend on higher time frame, this is a nice counter trend opportunity. Stops below X leg and I shoot for conventional targets. Entry @ 102.04 Stop @ 101.87 Initial Target 1 @ 102.28 Initial Target 2 @ 102.43 Good Luck! -Alex I'm a...
Hello traders, Here is what I've found on USDSGD A Gartley forming very close. We also have a triple bottom at this area. If price breaks through without reversal we have to aim for a butterfly formation. Possible new uptrend forming. Trade safe, trade well.
+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price...
Hello TRADERZ! So, our group was looking at the EURUSD and caught the sell off resistance and now looking at the 1.272 extension on the Fib and we bought the counter trend trade to catch the potential outside return back up into the 38.2 to 61.8 retrace.