Gold did reverseAs we said in the last post which was running 200pips this morning gold did return to the downtrend channel and did rebounce downtrend which we are planning to continue follow our gold journal to stay up to date
Againsttrend
Sell may generate in Bajaj Finserv Ltd I think Market is Overbought Right now ....
As few days ago there was a huge gap up and market took a resistance finally ...
Risky Trade bcz .....Against the TREND .... but at the same time good RISK : REWARD Ratio
ITC Short Risky (Against the trend)Only for educational purpose...
Short Position can be taken in ITC....
after a very long matured uptrend....
we can see a Double top Formation ....
as going against the trend is risky .... risk must be minimum....
and Stop Loss must be Strict ...
Risk to Reward Ratio is very Favourable.....
USDJPY Risky Retracement Setup, LONG!USD is weak and had a sharp sell off yesterday but it seems to be recovering and still trading above 200 ema on bigger timeframes. In today's trading session I will be looking for a buying opportunity around 114.54 level.
USD/CAD LIKELY TO RISE !! #LongLets Long This Pair Now !!
Playing against the news!
Note: Do your own analysis before taking the trade.
USDCHF - Pullback Trading Idea - Counter-Trend TradingHi Traders!
The market is in a Downtrend.
Let's begin with the weekly!
Here is it:
The market is here in a Downtrend.
Let's take a closer look to the the Price Action around the Support.
At first we had a Downmovement, but the Support held and the market turned over.
Then it came back again, but same thing: Market holds and turns over.
After that, the market broke through the Support and made a ner Low.
This is a new Low since July 2017!
Moving further to the Daily:
The market is here also in a Downtrend.
It broke through Support and retested it also successfully.
Now we have to observe what the market is doing in the red area.
Key Question: How will the market react to this area?
Is it going to reverse or continue lower?
Is it ready for the next downmovement or not?
Moving on to the H4-Timeframe:
Here you can see another strong Downtrend.
The market makes a trending move and a retracement move alternately.
At the moment it is in a trending move, so we can prepare for the retracement move.
What you can't see in this chart, is that we analysed the amount of the retracement from the trending move.
Here are the Results:
50%
61,8%
61,8%
78,6%
As you can see, the market is retracing more and more in comparison to the Trending Moves.
That's why our TP is at the "safe" 61.8% Fib' Retracement Mark.
Last but not least, the Entry H1 Timeframe:
What you can see here is only the tight Trendline, which could serve as our Entry.
The SL is below the Low and the TP at the 61.8% Fib' Retracement.
We recommend to trade counter Trend Trading only if you're not a beginner anymore!
Thanks and successful Trading :)!
GBPUSD - Trending Move & Retracement MoveHi Traders!
The market is in a Downtrend.
As you can see the market started the downtrend at the Top at around 1.28000.
The first Trending Move was until the Support at 1.24500.
The trending move had the strength of 350 pips.
Then the Retracement started.
The move ended at the Resistance at 1.27000.
The distance is 250 pips.
The next Trending Move started.
The distance of the first Movement and the next Support matches magically.
So that's what we're waiting for:
Entering of the "Buy Area",
forming a Bullish confirmation (e.g. Candlestick Pattern) + BUY,
TP at next Resistance.
We recommend to trade the market carefully, because we here are trading against the big Trend.
Thanks and successful Trading :)!
Divergence against the grainThis channel has been hodl'n well, if there's going to be a continuation, we're gonna have to see a poll back and recharge. Risky trading against the trend, but 10% would be cool soooo.
This is a possible short term position 1-2 weeks
straight shilln
Overextended Trend Fading Long SetupGold extended it's bearish impulse leg into high 1230s, the move is seemingly reaching a point where sellers will want to take profit and will have to become buyers and this will potentially attract new demand and propel the price higher. However, any trade setups against the main trend are especially risky and require tight stops. Buying 1240 with 1231 stops and looking for 2R-3R targets seems reasonable.
Couple of scenarios for next weekI don´t like waiting until the market provides me with a 100% copy of the perfect backtested super precise entry set up. Trading is not like fast food chain restaurant food, yu cannot always expect the same thing. While there is nothing new under the sun, price action and techncial reading of this price movement is more or less accurate.
The more languages you understand the better your understanding of the overall human culture. If this makes sense?
Multiple argument areaAfter the strong breakout of the latest swing low, price pauses in a rather important support area.
Entries for a short term reversal can be found
XAUUSD short position agaisnt dollartake the s.l above the blue zone, our first target is near to 1220.04.
Hope you guys enjoy
Bitcoin - Against all OddsThe Recovery/Retrace of the Dump has reached the last Resistance on the 4h also cleared the Weekly Pivot points
The StopLoss is pretty much any new high and TP could differ because Bulls are cleary in Charge right now and we are skipping 2 Support areas with the TP.
EquityRisk is 0.75% - countertrend + hedge are the reason for that
Dare to Go Against Trend ?? Yeah, GBPUSD, if my conditions MetThere are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works.
Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone.
See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I didn't mark for clear view of chart.
Fib Confluence also happening in the zone and if Double Top forms there I will be going short in GBPUSD
Check your Rules and Trade... Happy Trading !
Hit Likes for Agree which is boost for Me :)
AUDUSD m30 Bullish Bat TradePositives:
Strong support (recent) under X leg.
Negatives:
Going against trend!
Risk to Reward is only 1:1.09
USDCHF Potential bearish Cypher patternWhile we are waiting for the original Bullish cypher to complete after the double bottom, this pattern turned up, so if price retraces during the trend continuation we got a chance to ride it down a little but. Its counter trend so we only have 1 target! RSI is floating in the middle just as the price is in the middle of the two patterns, so lets see whats going to happen. Remember NFP tomorrow if you enter a trade manage it live during the news event.
Kind regards
Thomas Jeff
