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Countertrend

Countertrend

AUDUSD - Bullish Bat It seems like this week Bat Pattern is all Fib3 Bats, which means it has failed to touch the Fibonacci Retracement level of 50%. Of all the Bat Pattern that was posted this week, AUDUSD Bat Pattern is more likely to fail because of an internal bearish flag pattern. You have to watch closely how the candle responded at Point D on its PRZ level before engaging on this counter-trend trade.

Long

GBPJPY - Bullish Bat Like GBPUSD, GBPJPY also has a Bullish Bat setup that B point hasn't touch Fibonacci Retracement 50%. Although it is a similar setup, there are 2 things that GBPJPY came to a bit short compare to its big brother GBPUSD. 1. The Friday candle close haven't touched Point D. 2. Point C touches Point A candle body. Where we can wait for #1 to fulfil but #2 is a warning sign and the minimum candle formation you need to see is a Bullish Engulfing candle at Point D.

Long

GBPUSD-Weekly Market Analysis-Aug21,Wk4 The bullish bat pattern form within the demand zone on the daily chart. This setup is good enough for me t engage the counter-trend trade. However, I must highlight that the B point of this bat pattern didn't hit 50% Fibonacci Retracement and may not be a Bat Pattern to some Harmonic Pattern Traders. I leave that decision to you.

Long

USDCAD - Bearish Bat A Bearish Bat Pattern has formed up on the 4-hourly chart. I'm waiting for the current candle to close and may just go aggressive when that happens. This harmonic pattern is a counter-trend setup, hence when it reaches the blue box, you have to shift stop-loss to entry, well, at least I will.

Short

GBPJPY - Bullish Bat An emerging bullish bat pattern shows on the 4-hourly chart. This Hamornic Pattern offers a counter-trend trading opportunity for traders who are looking to buy at the Support level.

Long

AUDCAD - Supply and Demand Zone This might be a great counter-trend trading opportunity for the counter-trend traders. I'm waiting for the 9pm candle close due to 8.30pm Canada CPI When I said aggressive, it's just I'll take the trade.

Long

NZDUSD - Bullish Bat A bullish bat pattern setup near the demand zone for a counter-trend trade move. Tomorrow before afternoon, we should have a chance to shift stops to entry.

Long

Updated

AUDCAD - Inverted Ascending Triangle A buying opportunity can be a possible trading setup as long as the candle didn't break and close below the trendline of this Inverted Ascending Triangle. If the current candle close as a long shadow(having the lower shadow 3times higher than the candle body I will engage on an immediate buy.

Long

GBPJPY - Bullish Shark A Bullish Shark Pattern completes at 151.40 at 1pm(+8GMT). What will you do if you miss this trade? Most traders will choose either 1 of the option: 1. Rush and engage the trade 2. Set Pending Order at the entry price and hope for the retest. I engage 25% of my position to the 1st target and the remaining 75% I'll set the Buy Limit Pending Order to engage the trade. There isn't a perfect answer, trade the way that fits you best.

Long

EURJPY - Bullish Gartley Pattern The Deep Bullish Gartley Pattern on the 4-hourly chart happens to complete at the same level as the Deep Gartley Pattern on the daily chart. If you had missed the 1st trading opportunity, this might be a second chance to engage in the trade on this counter-trend setup. For trend traders, there is a red slanted line, and that is known as the trendline. It was the same trendline you can see from the link within the tradingview post below, resulting after the market has broken and closed below the sideways consolidation.

Long

USDJPY-Weekly Market Analysis-Aug21,Wk3 A Bearish Shark Pattern complete at 111.76, but that would be my immediate focus. A consolidation zone between 109.59-109.35 would be the area I'm waiting for a Double Top with RSI Divergence for a buying opportunity. Trading can be simple. Don't overthink.

Long

EURUSD-Weekly Market Analysis-Aug21,Wk3 A Bearish Harmonic Patterns, to be precise a Bearish Crab Pattern has emerged. If this Crab Pattern is going to happen, it will hit 1.1808 by Monday, 16Aug21. If not the setup is just too weak to interest me for the trade. What's nice on this setup is that the Harmonic Pattern completes within the consolidation zone.

Short

UJ Short counter trade.First counter trade of the Uptrend. First possible structure of uptrend.

Short

Updated

EURJPY - Bearish Bat This emerging Bearish Bat Pattern is special, it coincides with the daily chart The Cross, for the short form to avoid confusion I'm going to call it Le Cross instead ;D. I'm going to place a pending sell limit order in this counter-trend trading setup. If it's going to happen, it will trigger before this Friday Market close.

Short

AUDUSD - Head and Shoulders Potential Head and Shoulders formation for up on AUDUSD, stops has to be placed below the head as this is a sloping head and shoulders.

Long

Updated

AUDUSD - Bullish Bat checkback A Bullish Bat check back at 0.7342 and I took the opportunity to engage the trade. Stop Loss is placed at 0.7315(-27pips). I can see the potential profit trend-line from here. Could you? Share your chart on the profit trendline in the tradingview comment box of this trading ideas.

Long

NZDJPY - Head and Shoulders Yes, this is the head and shoulders formation. I've engaged in the short position. No doubt the head looks weird due to low volatility in most of the 1st week of the month, but the rules match up. To many traders, this is not a head and shoulders, I trade in advance of them and it gave me a great returns of my special filter.

Short

EURGBP SELL IDEA Higher high break of structure on 5 min time frame. Expecting a pullback soon. It's a risky countertrend trade but should workout with the break of structure.

Short

Updated

NZDJPY - Bullish Bat This week Expert Level has posed a challenge as there are just so many great trading setups in the coming week, despite the Friday Non-Farm Payroll(NFP). I'm waiting for a buying opportunity on this bullish bat pattern that is completing at 76.30, and that would give me the advantage to engage the buying opportunity on the emerging head and shoulders pattern on the 4-hourly chart.

Long

USDJPY-Weekly Market Analysis-Aug21,Wk1 A Bullish Deep Gartley Pattern is about to emerge on the USDJPY 1-hourly chart. If you are a support and resistance trader, you might be looking for a buying opportunity at 109.41. What's more important is to wait for the candlestick confirmation before engaging on that trade. There is at least 1 harmonic pattern on each timeframe I'm trading at, the 1-hourly chart, 4-hourly chart and the daily chart. Are you able to spot all of them? Share your analysis on the comment box.

Long

EURUSD - Bearish Butterfly A counter-trend setup has been presented on EURUSD. I've shorted EURUSD at 1.1873. Let's see how this trade rolls out.

Short

Chinese tech stocks in the process of capitulation It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout. Volume acceleration Extension outside multiple time frame Bollinger Bands Speed of sell off Definitely a fierce counter-trend trade for more experienced traders that can manage risk and position size appropriately but I'd pay attention to it in this 42 to 46 zone for a reaction.

Long

by EvanMedeiros

NZDJPY - Trendline Don't underestimate this trendline, if the candle fails to break and close above this trendline, it shows that this will be an amazing shorting opportunity. Even when it breaks and closes above this trendline, I'm not looking for a buying opportunity right away and the reason is that on the 4-hourly chart there is multiple shorting opportunities.

Short

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