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Countertrend

GBPUSD - Bearish SharkYes, this post is about a Bearish Shark setup, but check out the daily chart on the link within tradingview, you will see that the market respects the ABCD Pattern at its HOP level, 1.2186. A counter-trend move on the daily chart. The intraday traders can wait for a pullback within the cyan box that's marked buy zone for a buying opportunity. You can observe how the candlestick interacts with the buy zone. One of the levels you have to observe is the candlestick formation at the Shark Pattern completion price.
Long
by RaynLim
SGDMYR - Exchange RatesOn 20 Apr 2022, SGDMYR shot up to 3.1466. To most Singaporeans who have commitments in Malaysia or Malaysian who are earning SGD, is a no brainer to change their SGD to MYR. But that night at 10.25pm, right after my Live Session, I've told a group of entrepreneurs NOT to change their SGD to MYR just yet. If you could wait for a few days. On Fri, 22Apr2022 market close at 3.1538. Based on the candlestick pattern and the Harmonic Patterns formation, Bearish Crab Pattern, it would be a good idea to change some MYR that could cover your monthly expenses or commitment for the next 3-5months. It would not surprise me if the market retraces back to the 3.1255~3.0990 range when Market Open. Share this with your friends as they might benefit from this and there are a couple of hours for them to make the arrangements. Forex Trading doesn't always mean that one should only trade on the Spot Market, but you can benefit from your day to day expenses, your investment planning and such.
Short
by RaynLim
EUR/USD (Counter Trend Trade) 1HRPAIR: EUR/USD TRADE: COUNTER TREND TRADE POSITION: BUY TIME-FRAME: 1HR -------------------- Looking at a lovely Counter Trend opportunity here on the EUR/USD. We're at major structure support on the daily and this is a wonderful level, to look for a long opportunity. We had an equal level move, with fibonacci extension 127% and 1414% with a double bottom here, however, the only thing missing on my filter is the RSI going oversold along with RSI divergence. Other than that, this is a good trading opportunity, to look for a pop out of the markets from the EUR/USD. Nice intraday setup. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Long
by Phil_C
MATIC/USDT - LONG IDEA MATIC/USDT - LONG IDEA The Market has moved into the Buy Zone off the Daily Timeframe and forming a nice up channel which acts as Support and Resistance moving towards our Target of 1.822. A Gartley has just been fulfilled off the 4 hour timeframe which normally could signify the new low price for us buy the market on our way up to our daily target 1.822. We have found that there's a inner up channel trendline and a outer trendline , the question would be will the Market reverse now or will the market want to test the outer trendline which also acts as a Support Level as well. Trade : TP : 1.822 SL : 1.195
MLong
by MartinSturks
TEZOS (XTZUSD)- LONG IDEA TEZOS (XTZUSD)- LONG IDEA Tezos has broke into our Buy Zone Area off the Daily Timeframe we are now looking for low prices to Buy up towards our Daily Target of 4.3566. We have established an up trend/channel and looking to buy the counter trend break towards our Target 4.3566. Path 1 : If the channel holds then we could see the Market reversing off that support trendline towards our Target of 4.3566 . Path 2: If the trendline fails we have seen a strong Support Level below the trendline which could start the reversal to the upside towards our Target of 4.3566 . Take Profit : 4.3566 Stop Loss : 2.3736
XLong
by MartinSturks