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Counter-trend

Buy Oil Below 50, Target: 55Waiting for long stops around 49-49.5 to get hit, with initial TP at 38.2 fib near 55 psychological level, and 2nd TP at 61.8 fib. Most likely it will go go ranging here in 50 psychological level for some quite time before rallying soon after being oversold especially with the risk of corona virus spreading being more controlled now compared to 2 months ago. editorial.fxstreet.com Need to be cautious still though because markets are generally still risk-off now which is fundamentally bearish for oil and a continued slide down to 42 is highly probable. Daily: Weekly:
OANDA:WTICOUSDLong
by aiza_belle
EUUSD Long - Butterfly Pattern; Wave Count; 4H ChannelHello fellas! So, here's what EURUSD has been doing: - It completed the butterfly pattern at 78.6 X-A; - It completed the ABCDE wave count on 4H channel; and - It's showing a reversal sign after showing the lower trend line of the 4H channel. All at the same price area! Still, it's much safer to trade with the trend, and this is a counter trend analysis! So it has a fair chance to fail. But hey... look at that sexy confluence ! I'd consider a long position IF the price breaks and closes above 1.09950 (with strong close, of course).
Long
by sentientfaxmachine
USDCAD False Breakout? STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry Trigger: 1H: Bearish Engulfing Entry Price (EP): 1.32216 Stop Loss (SL): 1.32426 Take Profit (TP): 1.31234 RRR: 4.68 Analysis: 1H: Price boke above minor resistance but immediately followed by bearish engulfing. Found support at descending trendline, however, price seems struggling reaching new high (pin bar was also formed rejecting higher price). These could be a sign of False Breakout. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
USDMXN Bounce-PlayTwo possible scenarios: 1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or 2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as expected Either way, this pair is pretty much overbought and due for a strong pullback, especially if we look at its weekly price action, recent bullish candles aren't as big as those back between April-June 2018 and October-November 2018. Weekly: Confidence: B (possible for this pair to reach new highs esp if market gets more risk-off overall while at the same time continue pushing DXY to climb to 100 faster-- after already pricing in the 2nd rate cut by Fed this coming September)
Short
by aiza_belle
GBP/AUD - Highly risky trade!It's been around 7 months in order to the price to reach 1.87000 First of all, we have to consider that the long term trend (weekly) is strongly going in an upward direction but perhaps this double top may be a perfect situation/opportunity for the price to "take a breathe"/go down a little after this massive rally so we can expect a likely pullback right now. If u zoom in, will see price decreased it's volume as it reached the top and the last candle looks like a perfect hanging man that might be telling us that the trend could reverse soon (we should expect the last upward impulses before the drop but not to far away from the 1.8700). Also check RSI is looking favorable Keep in mind that counter trend trades are very risky and pounds have been very strong these days so that's why I suggest going with a small lot size on this one I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market
Short
by alejotrader92
4
Long to 200 EMA Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent. Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test). Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected. With that in mind target 200 EMA. If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long. Best of luck. Info is in the charts.
COINBASE:BTCUSDLong
by NYBKLYN
NZD/CHF - Big trade oportunityIf we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to consolidate above 0.6900. In fact, in 10 pips are not enough room to consolidate over there so there is a chance for a higher retest That's why I am considering a large SL. Finally, we are going to place our TP at the 0.382 which matches our weekly support. I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market
Short
by alejotrader92
Short sell USD/JPY by Ben WrightSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Possibility shorting selling USD/JPY FX:USDJPY weekly Prediction Chart time frame - H4 Timeframe - 1-2 weeks Actions on - A – Activating Event USD will see another bull run this week. B – Beliefs Market will be rejected at @114.5 level and move south towards the 113.5 level. This will be a resting/consolidation phase before pushing and breaking the @114.5 level. Trade Management Entered @ Still waiting for confirmation Stop Loss @ Target @ Risk/Reward @ Happy Trading :)
Short
by SMPTrader
S&P500 short on savius Slope Strategy counter-trend signalI put a short order here now on Savius signal that the bullish is about to turn (both on 60' and 15' charts) Notice how similar the chart is to 2 days ago. Price also touched the POC of 2695 from 2 days ago. I am keeping a tight 10 ticks Stop Loss because I'm sure the price will try to push up to 2700 and 2704 (prices from S&P December, this SPX chart prices are slightly different because I believe are an average of more contracts, but the charts looks good enough for analysis) but volumes are low and I don't really think it will have the strength to do so. Target is Pivot P. Then S1.
FX:SPX500Short
by FundedTrader
Counter Trend Scalp For October WTI Crude Oil FuturesFollowing Thursday’s moderate retracement, the sky has been the limit for October WTI crude oil futures. Since the traditional New York pit open at 9:00 AM EST, prices have risen more than $.50. The Trade Counter-trend scalps beneath $70.00 are likely to produce positive price action. Sells from $69.92 with an initial stop at $70.01 produce 5-8 quick ticks. This is a counter-trend play, so the risk profile is a bit greater than usual. The goal of the scalp is immediate and positive price action. Be sure to have the stop loss in the queue at $70.01 before the trade is taken.
NYMEX:CLV2018Short
by FXLeaders