Another counter-trend move with the following signal.
1. Pt A of the Bat Pattern(Pink) breaks and close above the downtrend channel.
2. The bullish Gartley gives a tighter counter-trend trading opportunity.
W forming at lows
Previous big bear push
watch out for the emas
We failed to make lower lows and have a nice rejection candle closing over the previous level, the emas might start to close in after the engulfing candle. If we break i see the price go to the marked level to watch it come down afterwards
The overall higher TF is Bullish
Right now we are consolitating and indecisive on the daily
we have a counter trendline on the 2H that has been respected, and a trendline
Inner bull trend
Right now the price is siting at support AND in the inner bullish trendline, we are making higher highs and higher lows, recently we tested the Higher TF trendline and monthy...
Due to oversees market the ASX should be opening higher this morning form yesterday pull back. This is why i'm looking at consumer cyclical stocks, RWC gap down yesterday to its support level and formed a bear hammer I wish it was a Bull hammer but this is fine as well. It sitting outside its 2 deviation, looking to counter trade this stock to $4.40. It also at...
This morning the market could be opening lower just due to oversees market ended last week, there's not much out there that I like to trade. The oil sector is going be very interesting this week, so i'm I be watching that sector very closely. However looking for a swing trade with ECX, last week it drop 60% and that's why i'm looking for a buy just due to TA. On...
Weekly parallel channel being respected.
H4 M.A's getting closer for a potential crossover + break of the daily counter trend line (red).
H1 M.A's have already crossed down.
Short term target at the blue rectangle (H2 support) and a long term target at the 0% fib level or even at the -27% fib level wich matches with the trend line.
Stop loss above the 78,6% fib level.
A Bat Pattern emerge on 15mins chart as a counter-trend setup. To my surprise, this trade has a very healthy reward:risk and hopefully, the ATR won't spike to keep this trade valid.
Exact Trade Plan sent to my subscribers.
A bearish butterfly forms as a counter-trend move for the GBPUSD.
A zone within the 4-Hourly Buy Zone, pose a trend trading opportunity and a break and close below the zone will open up the possibility for a further bearish move.
Later this Wednesday, 20Mar2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
There's possibility that GBPAUD can still climb up to 1.90 in general, but since it's already end of the week and overall GBP is overbought and AUD is oversold, I've set a short stop order to ride the possible correction...
Good morning fellow traders. Im in a countertrend long on the EURUSD. lets see how far this wil go. if we bust up above the 382 fib level (which is also the last seller block that is in control) I expect we go retest the 618 :)
Good luck trading today. cheers Duy!
My initial buy stop was hit (expecting it to go further down near 1.124 first and bounce up from there). Will most likely manually close this tomorrow before the refinancing and ECB monetary policy news, and will re-enter again afterwards. TP is near 1.138 and SL conservatively set @1.128 (100...
A bearish shark formation on 1 Hourly Chart. Trade has already engaged, exact entry; stops and targets sent to subscribers.
Join us on our Facebook Live later on Market Analysis at 7.08pm(+8GMT)
- Broke the trend line, currently retesting it.
- Price is projected to drop between the 61.8 or 68.2 zone before moving another leg up.
- Overall Trend is still bullish
- The 61.8 and 68.2 both have the 200 sma waiting to be touched in the 1 hour and 4 hour charts respectively.