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Counter trend trade on EURUSDNice counter trend trading opportunity here. Why? 1. We have fibonacci confluence from a previous high @ 618 2. RSI is overbought 3. ABCD completes close by 4. We are at a strong trend line support 5. We also have a diagonal trend line resistance (not currently drawn on) which would support the shorting bias. Depending on your strategy you might require some further confirmation such as a candlestick pattern or double top. That's what I require to take this on, there might even be some on the lower 15m time frame. Trade your plan guys and if you don't have a plan, best not to trade, not even on a demo account, it's wasting your time. Feel free to message me with any questions and I'll try my best to get back to you. Thanks!
Short
by KISSTRADING
EURUSD - 2618 Setup+++ Don't forget to LIKE & Follow+++After yesterday's big upward move, now price is in a correction mode on 4H, EURUSD. Price is heading lower to test our structure shelf - presenting to us a potential 2618 Bullish Setup. This will be nice opportunity for all of you conservative traders. If you look left price didn't break current structure level @ 1.1130s, we only got Double Bottom. This Double Bottom is the foundation for our 2618 Setup. Price is giving us nice kill zone and alignment of 0.618% and the inverse "V" of the DB. I'm expecting price to enter in the KillZone and I'll wait for an entry reason. Stops below DB, 1st target will be previous cycle top - I'll trail 2n position. Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
EURJPY - Bullish 2618+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look left on HTF (1H). The 0.618% is right at the V of the Double Bottom - and our kill zone start from there. Not to mention that on left Bottom we have a RSI under 20 with a RSI DIV on 2nd Bottom. You can enter aggressively right @ 0.618 or you can look for alternative entry reason - either way you choose you'll get more than 1:1 Risk/Reward. No matter how perfect this setup is, stops are below this Double Bottom and 1st Target Retest of the cycle high - you can shoot 113.30 for 2nd Target. Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
NZDUSD - Beairsh 2618+++ Don't forget to LIKE & Follow+++I got filled in this Bearish 2618 Setup on 1H, here on NZDUSD. 2618s provide conservative way for entering in counter trend opportunities. This particular 2618 is really good because we can target 1st target at current cycle low - look at that beautiful Risk/Reward factor for 1st target. For 2nd target we can shoot for the previous structure - we will get deep correction move of last upward wave(blue one). Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
USDJPY - Bullish Bat+++ Don't forget to LIKE & Follow+++I've found a potential Bullish Bat Formation on 15M, here on USDJPY. Since price is in down trend on higher time frame, this is a nice counter trend opportunity. Stops below X leg and I shoot for conventional targets. Entry @ 102.04 Stop @ 101.87 Initial Target 1 @ 102.28 Initial Target 2 @ 102.43 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
EURUSD - Bearish 2618+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price going higher then you would get even better Risk/Reward. -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
3
USDJPY - Bullish Bat+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Bat Formation on 15M here on USDJPY. This is a nice counter trend opportunity - stops below X and conventional targets. Entry @ 104.27 Stop @ 103.65 Initial Target 1 @ 105.13 Initial Target 2 @ 105.67 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
POSSIBLE ABCD PATTERN ON USDJPY (TRADE WALK THROUGH)HELLO TRADERZ! SO, WE MAY HAVE A POSSIBLE ABCD PATTERN COMPLETION ON USDJPY ON THE HOURY CHART. WE'RE GOING TO USE THE "IF/THEN" METHOD. IF WE GET A COMPLETION OF THIS ABCD PATTERN, WE'LL BUY AT THE 1.272 EXTENSION, WHICH ALSO COMPLETES THE C TO D LEG, AND IS ALSO IN CONFLUENCE WITH PREVIOUS STRUCTURE SUPPORT. OUR TARGET WOULD BE THE 61.8 ON A FIB OF THE C TO D LEG, WHICH ALSO CORRELATES WITH PREVIOUS STRUCTURE SUPPORT WHICH SHOULD NOW BE RESISTANCE.
Long
by jamanglona
1
EURJPy - Bearish BAt+++ Don't forget to LIKE & Follow+++Price is closing towards the completion level of that Potential Bearish Bat Formation on 15M, EURJPY. This will be a nice counter trend opportunity for possible deeper correction of the upward trend. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
GBPUSD : Counter trend shorting chance !Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in Hourly GBPUSD, we can initiate short positions. Hit Likes to support the idea...Thanks for your support ! Happy Trading !
Short
by InsiderB
Long USDCAD : Counter-trend ABCD Pattern As we can understand from the above chart USDCAD is moving down towards our support region. And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD. Even if you enter around the same levels which I have marked, you will be getting risk:reward around 1.5 which is good for countertrend trade opportunities. Lets decide where our orders go in entry zone for USDCAD & put some orders & let's wait till it gets filled. Hit Likes if you agree... Thanks for your Support... Happy Trading !
Long
by InsiderB
GBPUSD - Counter Opportunity+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close. Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to hit this zone once again and to form a Double Bottom - with a RSI being in OS for the left Bottom. This will be a nice counter trend opportunity with stops below structure. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
4
SBI Counter Trend Trade : Risky Plan Hey Guys, Happy Monday.. Only we traders have the guts to say Happy Monday instead of Monday Blues :P So lets jump to our analysis and why I am planning for an counter trend trade in SBI. This is one of my favorite setups to trade, No matter what others say or think...I am deeply in love with counter Trend bcos it makes us analyze various reasons to enter trade & I like that analyzing part very much.That's why its My Favorite setup. When you take a look at chart we can see there is an ABCD pattern which ends up right in our marked resistance zone. As of now market is 5mins away from opening, while I post SBI price may be away from our zone if gapup/gapdown happens today. Do we have only ABCD pattern no not at all ? If we look on eagle's view we have Bearish Bat & Bearish Gartley also which I have drawn as two patterns in above chart. And this Gartley beauty comes across our resistance zone synchronized with ABCD pattern. I will be shorting SBI, only small positions in Gartley/ABCD zone and some more when bearish bat completes if Market moves in bullish trend. Just one thing before we wind up, Countering trend is risky and people don't like to do, so only if you are aggressive trader take this idea and trade SBI, else I strongly advice you to keep this idea in radar n watch the trade, bcos staying away from trade is better than losing money in trade with high risk. Do Me a favour guys, Hit that Like button to show your support which keeps Me motivated to post more... Thanks to everyone of you !
NSE:SBIN
by InsiderB
USDJPY - Bullish Cypher+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation here on 1H, USDJPY. The Cypher Formation is presenting nice counter trend opportunity - stops beyond X leg, Targets are conventional 0.382/0.618. Entry @ 101.82 Stop @ 101.12 Initial Target 1 @ 102.42 Initial Target 2 @ 102.79 Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
2
GBPUSD - Bullish Cypher+++ Don't forget to LIKE & Follow+++A lot on my radar today - I've spotted a potential Bullish Cypher Formation on 1H, GBPUSD. Check your trading plan, because stops will be more than 100 pips. Targets as usual are conventional, because this is a counter trend opportunity. Entry @ 1.3205 Stop @ 1.3064 Initial Target 1 @ 1.3304 Initial Target 2 @ 1.3407 Good Luck! Profesional Currency Trader & Owner of - www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
4
NZDUSD - Bearish Bat +++ Don't forget to LIKE & Follow+++ As I told you I have a lot on my radar - it is interesting to note that majority of potential formations are bearish bats. Price is giving us yet another possible counter trade - Bearish Bat Formation on 1H, NZDUSD. If you look left the A leg of the Pattern came right at previous structure level - price hit it and reversed from it. Targets are conventional, stops as beyond X. Entry @ 0.7258 Stop @ 0.7337 Initial Target 1 @ 0.7148 Initial Target 2 @ 0.7080 Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
1
AUDUSD - Bat Pattern+++ Don't forget to LIKE & Follow+++ AUDUSD is presenting to us another Bat Pattern - yesterday market presented a small Bullish Bat that did come hitting 1st target. This time market is putting bigger Bat Pattern on 1H, that can be considered as an counter trade opportunity if you look on higher time frame. Stops are less than 100 pips and targets are conventional. Entry @ 0.7608 Stop @ 0.7692 Initial Target 1 @ 0.7491 Initial Target 2 @ 0.7419 Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
EURUSD - Bullish Bat+++ Don't forget to LIKE & Follow+++Sorry for not posting previous week, but I knew that markets will be highly nervous thanks to the Brexit so I decided to hold trading, but this week is different. I have a potential Bullish Bat Formation for you - a nice counter trend move. Entry @ 1.0945 Stop @ 1.0876 Initial Target 1 @ 1.1037 Initial target 2 @ 1.1095 Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
EURAUD: Looking for a Bearish RunIf we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level. As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in anticipation of the level mentioned above. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
13