Looking to GBP/CHF for a counter trend short as a possible recover to 1.15 - 1.18 is attempted
USDJPY is far from dipping or crashing, at least not now. However, counter-trend traders can wait for a shorting opportunity at 134.89 on a Bearish Shark Pattern setup. Traders need to wait for further confirmation before jumping into the trade.
Structure Trader, you might have an opportunity to engage the GBPUSD on a structure based trade and to engage your counter-trend trade on the Key Resistance Level at 1.2179.
A potential head and shoulders setup that could provide more than just the regular target taking. I'm waiting patiently for the market to dive another 20pips more, and I will observe how the market interacts on the dotted line.
Short off XAU from upper 1790 zone. The overall trend is still biased toward a long entry, although a prime entry point for longer-term bullish entry comes in at the 1760s zone rather than higher prices of the upper 1790s. The pullback may provide the liquidity needed to break the 1800 key level
I have some orders set here. Everythink depends on tomorrows usd eco data. Im ready cut my running trades if somethink acts unpredictable or off my idea.
A Bearish Deep Gartley Pattern is completing at 165.74. It is a level that will attract lots of counter-trend traders to look at.
With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart. On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59. Knowing that this is a counter-trend setup, a...
A retest of 1.2026 on the 1hourly chart, not only it would give us a retest or to some a double bottom with an RSI Divergence, if you look at the bigger timeframe, the daily chart, you would see a potential Head and Shoulders Pattern that give an opportunity to long on this counter-trend trading setup.
A Bullish Butterfly form at 1.0045 could be an opportunity for counter-trend traders to wait for a counter-trend trading opportunity that completes at that price. However confident you are in the trading setup, it is important to wait for candlestick confirmation before engaging in the trade.
A potential Head and Shoulders formation may form on the AUDUSD 1-hourly chart. What are you waiting for? Well, I'm waiting for the candlestick close to decide if it is for me.
Entered a long position on EURUSD @ 1.02499. EURO has obviously been up against strong headwinds, getting battered all the way down to parity with USD recently, so this one is a counter-trend trade. Technically, my system has printed an EwoT (entry without a trigger) and a close above 1.02936 would be the technically valid trigger. Area of resistance around...
A Bullish Bat Pattern has formed on the CADJPY 4-hourly chart. I'm waiting for the market to check-back at 103.85 before engaging the trade. Aggressive trader could decide for yourself if this setup is for you.
A counter-trend setup on GBPUSD, a Bullish Shark Pattern that is completing at 1.2015. As Shark Patterns can be tricky, a candlestick pattern confirmation is important.
Looking at the markets I understand it's an attempted short squeeze but I don't see it going much higher without retracement. You see the wicks are showing exhaustion and this is a very risky play with no confirmation for maximum gain. Potential reward is great but it is risky, especially going against the trend like this. I am monitoring the volume footprints...
A Bullish Bat setup is here for sideway, counter-trend, and harmonic pattern traders. Two things to note, the market has not retraced to 1.7366 to validate the setup and Point C touches Point A candle body, which always bothers me. Despite of that, what I like about this setup is its profit factor and the RSI Divergence.
Hi Traders, As we are noticing a bounce in the forex market and as we are thinking the bulls might be coming back to start doing some damage control, we have to remember to zoom out to see what the real trend is. When in doubt, zoom out. On (EUR/USD), In the daily time frame, the price has been stuck in this descending channel since the end of January. Price...
CADJPY has a potential Bearish Bat Pattern that completes at 106.77. A candlestick pattern confirmation is important, and that's because there's a Potential Bearish Butterfly Pattern on the Daily Chart. There's no need to be over concern about that; as long as you are following the trading rules, it will be fine.