Power trend contination setup as price escapes a zone.
Trend continuation trade to the short side.
We like to take a contrarian view on retail trader market sentiment, with most retail traders being strongly bearish on this pair we should be looking to go long but because there are so many other factors that are playing to the short side we are planning to short this paid.. Going short at this area is very plausible because the LARGER trend is down....
EurAUD made a lower low which makes me believe it is transitioning into a downtrend. I have determined the most optimal spot to enter for a trend continuation trade.
The reason i am taking this counter trend trade setup is that first we see price was stuck in a sideways channel for some time and did a break out and retest pattern to the downside. This trade follows out Ken de Hato trading rules and the setup looks textbook.
GBPJPY has shown a strong upthrust which could mean an uptrend is starting. Either way, this gives us a great opportunity to join a potential trend to the upside before anyone else catches on. This is a powerful setup.
CadJpy hit major SR level on weekly. we see a nice reversal pattern on the 30 minute which could make this a nice place to get in.
The bulls are not done with EURUSD. Many saw the major pullback last week and sold sold sold. But this high probability setup says otherwise.
50% contains hidden SR at a psychological level.
Looking for a breakout to the downside, long pullback wick to the bottom area as .
This is a area of consolidation, on the audNZD, we are looking for price to close below it, and then be followed by a candle with a long wick that rejects the area.
We like to take a contrarian view on retail trader market sentiment, with most retail traders being strongly bearish on this pair we are thus looking to go long . Going long at this area is very plausible because the trend is up. Furthermore, there is evidence that this will be a powerful rejection because these two currencies' strengths are different and...
We like to take a contrarian view on retail trader market sentiment, with most retail traders being strongly bearish on this pair we are thus looking to go long . Going long at this area is very plausible because the trend is up. Furthermore, there is evidence that this will be a powerful rejection because these two currencies' strengths are different and...
We are looking for a pullback into the highlighted blue area and a rejection to confirm the pattern. Stops above rejection and the target is the bottom of the descending arrow. We are looking to buy into this area for 30 pips and sell out of it for 70 pips.
using support and resistance i have determined this to be a strong area to buy at.
We like to take a contrarian view on retail trader market sentiment, with most retail traders being strongly bullish on this pair we are thus looking to go short. Going short at this area is very plausible because the trend is down. Furthermore, there is evidence that this will be a powerful rejection because these two currencies' strengths are different and...