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Countertrend

Potential Head and Shoulders & Early Trading OpportunitiesUSDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan: 1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart: - Patient approach for a comprehensive setup. 2. Early Trading Opportunities on 15-Minutes Chart: - Spotted Bearish Bat and Bearish Gartley Patterns. - Potential for quicker engagements on shorter timeframes. Stay vigilant and let's discuss your insights on this evolving USDJPY scenario!
Short
by RaynLim
Waiting for ConfirmationIf you're seeking shorting opportunities on EURUSD, I've got two potential setups for you. Remember, always wait for candlestick pattern confirmation before making your move. Bearish Shark Pattern: Look out for completion at 1.0917. Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish trendline. Be patient and let the market confirm the patterns. Share your thoughts and trade plans on EURUSD below!
Short
by RaynLim
Multi-Pattern Analysis - A Comprehensive ViewMonths ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post. Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly chart. However, for those seeking a buying opportunity, observe the Bullish Shark Pattern completing at 143.71. My stance: Bearish in the short-term, Bullish for the long-term. Share your thoughts and trade plans below!
Short
by RaynLim
Potential Short Opportunity on Bearish PatternsDespite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD. However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short position. What are your thoughts or trade plans for GBPUSD? Share your insights below!
Short
by RaynLim
Shorting CADJPY with Weekly Chart Alignment & Intricate AnalysisIf you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past. Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance, exercise patience and await candlestick confirmation before entering the trade. Are you eyeing this CADJPY setup? Share your thoughts below!
Short
by RaynLim
1
Shorting Caution and Planning for Long-Term Opportunities!GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy. However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish 5-0 Pattern, which could serve as an entry point for a longer-term buying opportunity. What's your take or strategy on GBPUSD? Share your insights below!
Long
by RaynLim
Weak Bull Formation and Short-Term Buy/Sell OpportunitiesEURUSD presents a potential shorting opportunity with the Bearish Butterfly Pattern on the 4-hourly chart at 1.1045. This aligns with the backdrop of a weaker bull trading setup observed on its Weekly chart. For those seeking a buying opportunity, consider monitoring the 1-hourly chart at 1.0993, where a potential support trading setup might offer an entry for bullish positions. What's your analysis or stance on EURUSD? Share your thoughts below!
Short
by RaynLim
1
Bearish Bat Confirmed, Shorting Opportunites AheadHave you observed the eclipse on the weekly chart of JPY pairs? It's a prevailing theme, reflecting a retest of structural support across all Yen pairs in my list. This setup hints at a potential buying opportunity emerging in the upcoming week. However, for those like me, eyeing the Bearish Fib-3 Bat Pattern on the weekly chart, there are two enticing opportunities on the 1-hourly chart. Option 1 presents a Bearish Gartley Pattern at X, likely completing at 145.30. Alternatively, Option 2 showcases a Bearish Fib-3 Bat Pattern, completing at 146.87. Both scenarios necessitate a 3-bar reversal before considering trade engagement. What's your strategy for USDJPY? Share your thoughts or trade plans in the comments below! Let's explore the potential moves in this market together. 💬📈
Short
by RaynLim
Balancing Bullish Signals And Counter-Trend StrategiesGBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691. Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart. However, if you're leaning towards a buying opportunity, considering the Weaker Bull trading setup on the weekly chart, the 1-hourly chart reveals a Bullish Butterfly Pattern. Keep an eye out for a retest around 1.2522 as a potential entry point for a buying opportunity! 🦋💱🐂 What's your game plan for GBPUSD? Share your thoughts or trade strategies in the comments below! Let's discuss and analyze potential moves in this market. 💬📊
Short
by RaynLim
Balancing Bullish Signals And Counter-Trend StrategiesDespite GBPUSD showcasing a bullish trend, I'm eyeing a shorting opportunity on this pair. The daily chart signals the completion of a Bearish Bat Pattern, yet a direct engagement at this level poses considerable risk. To mitigate this, my strategy involves patience, awaiting a market retest on the 1-hourly chart. Coincidentally, this timeframe also displays a Bearish Bat Pattern, offering a more favourable risk-reward ratio with reduced exposure. Share your thoughts or strategies on GBPUSD below!
Short
by RaynLim
Leveraging Multi-Timeframe Bearish Shark PatternsI've identified an intriguing counter-trend setup on NZDJPY, which showcases alignment across the Weekly, 4-hourly, and 1-hourly charts, all converging around the same entry point featuring Bearish Shark Patterns. A notable aspect is the different starting points of the Shark Patterns across these timeframes, culminating in an intriguing entry zone. This convergence offers an opportunity with potentially lower risk and higher return probabilities. For a comprehensive view, check out the weekly chart within TradingView and explore related ideas. What are your thoughts or trade plans on NZDJPY? Feel free to share your insights or potential strategies below!
Short
by RaynLim
Potential Bearish Moves Amidst Bullish SignalsNZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending to initiate a short position at 91.99 on the Daily Chart. Trade plans can vary among traders based on their analysis and risk management approach. What's your trade plan or strategy for NZDJPY? Feel free to share your insights or plans below!
Short
by RaynLim
Navigating A Weaker Bull Trend For Strategic TradingIt appears EURUSD is currently within a Weaker Bull Trading setup. For trend traders, waiting for a counter-trend opportunity might be a potential strategy. Counter-Trend Traders, here are two considerations for your approach: As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade. Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup. These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices. Happy trading!
Short
by RaynLim