If you missed getting in short, here's a 2nd opportunity for a longer run. Speculating price will reject 0.86890 to take out SSL below at 0.86115 (2 Daily OB mitigation). Then this would be a great entry for long (swing trade). If willing to participate on this short idea, suggestion is to do so at a reduced risk (lower lot size) on the shorting (0.86890) to the...
Today's focus: AUDCAD Pattern – Reversal Support – .8665 - .8625 Resistance – .8765 - .8790 • AUDCAD has posted four positive sessions in a row. • Could this be the start of a new longer rally or just a counter-trend? Hi, and thanks for checking out today’s analysis. Today, our focus is on the AUDCAD as price continues to rally after posting a failed low at...
I don’t normally trade this pair but I thought the setup looked nice. Overall, on the Daily TF, order flow is bearish. 4H also confirmed this bearish continuation with the market shift last week. Now price has retraced to the 0.618 fib level ready for a bearish push to target the potentially weak Swing Low. However, current market structure in the Lower...
High Risk Counter Trend but good risk to reward and high probability based on volume in my opinion. No real time to say more. Not financial advice just a trade idea for some profits on an overbought token.
just a small idea for a possible move to bring us back to the POI that has yet been mitigated! Remember this is a counter trend idea so it is not as likely to happen BUT we have to keep it in mind! LIKE THIS IDEA? SHOW US BY HITTING THAT LIKE & SHARE BUTTON
Order BUY QQQ NASDAQ.NMS Stop 277.04 LMT 277.04 will be automatically canceled at 20230101 00:00:00 EST QQQ daily bullish at exact bottom expect ABC movement for wave 4 of the downtrend. Countertrend to Fibonacci retracement 50%
I am longing NEARUSDT using 5x leverage. Looks like a promising trade. Wait for entry and set a stop loss because this is a counter trend trade but risk reward is really good. If it is missed so be it. DO NOT CHASE IT! Invalid after time is out or SL is hit. Not Financial Advise/ Just a trade possibility.
At the moment, you can also see the counter-trend on the hourly timeframe on the chart. It went as well as on altcoins. I expect more rollbacks to support levels. Be careful soon. Do you agree?) Your Solldy.
The price is currently below the local resistance level, on the watch you can see a clear local counter-trend line. Be very careful, there will likely still be drawdowns. TC the market has not yet recovered after last week. Do you agree?) Your Solldy.
Divergence in 4H, This can be a possible sign of reversal, BUT as this is a counter-trend setup, Please enter with appropriate RISK. only Enter If we have strong Bullish confirmation in M15 or Above. Happy trading.! Best Regards, The MorningStar Forex
I am still bullish on BTC overall. Looking at a short term short trade which is approx 4:1 risk reward. For me to take this trade i need the following to happen: -LH or Triple top with good sign of rejection -Break of 1hr trend line -Break of support line and retest to confirm its resistance only if these three things happen I will take the trade as this is...
Here is a buy and sell setup. Sell off of the counter trend line of the uptrend to the expected curved double bottom for a buy.
Fairly self explanatory this time, read more from previous ideas on gold if not clear. Wait for a good resumption up with hopefully bullish candlesticks, as the bottom of this isn't super clear. It could be a Bull Flag pattern too so that is a possible target for the bottom and also gives us an upside target for a swing trade if it plays out.
1st time $IWM is above relative 200 day MA (SPY) in 1 yr Great setup using previous high as stop; 15:1 risk reward (aggressive) for end of year bounce
Short initiated on false breakout of new 20 day high & confirmed reversal. Could hold for a few days if some follow through action. Stop-loss > recent high. Trail stoploss.....
This is a new 20 day low failure of breakout - with a confirmed reversal on daily chart ( high of yesterday broken) to upside. Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line, possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips... stoploss below recent low -65 pips. This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers. OIL...
This is a strategy from the book, 'Streetsmarts' developed by Taylor and adopted by Larry Connors For sell signals on NZDUSD: 1. Y'days high is signal for short when market opened in bottom 20% daily range and closed in upper 20% range ( Fri) 2. Today the market must trade at least 5-15 pips higher than yesterday's high 3. An entry sell stop is placed at 2...