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Countertrend

USDCAD - A possible Bull run An expected consolidation on 4H. Since market had a massive sellers momentum, for a change of trend or any bull move, a consolidation is expected. Moreover on the chart, On 4H we can catch the LL to LH move. But, for now it is a bit risky to take the buy since on 1H market is failing to breakout. 1H - Market Fails to Make new LL and Rejecting the major key zone for 3 times, which is our Weekly key zone as well. All we need now is a breakout on 1H or if 30m Break structure and forms the first HH and HLs, then it would be a clear trade for long position.
Long
by Capitalflowsam
GBPUSD-Weekly Market Analysis-Dec20,Wk2Shark Patterns in the Harmonic Pattern setup is the most tricky setup. Last week, you have witnessed 1 of the potential setup of the bearish shark pattern(link at bottom) and we have all seen how the shark pattern was in place and created a strong resistance of the ascending triangle. This week the PRZ zone has moved up to the area and if this level is broken, there will be another level. Yeah, believe it. If the market falls from here, the support level would prevent it to create a free flow, we would expect more of a bounce then a free fall.
Short
by RaynLim
1
GBPUSD - Price Action Analysis --> Counter Trend TradingHi Traders! The market is in a longterm Uptrend. To get an overview of the current situation, take a look to this chart: This is the Daily Timeframe. As you can see there is an uptrending market. An ascending Trendline is supporting the Trend and this is also viewable on the weekly timeframe. We should take into consideration, that the market is at strong Resistance now and simultaneously in a Parallel Channel. Moving on to the H4-Timeframe: Here you can see a comparison of the three Up-Movements. This is a part of the Price Action Analysis. As you can see the Movements are getting weaker. In conclusion of that we expect a Down-Movement in the next candles. We recommend to trade the Breakout of the Trend towards the Parallel Channel. Thanks and successful Trading :)!
Short
by swissmoneymakers
USDCAD - Trading towards the Trendline - Pullback EntryHi Traders! Here are the screenshots for the Multiple Timeframe Analysis. If you want to know more about any methode, thought process or anything else, please ask in the comments. The timeframes we analysed are: Weekly Timeframe - Daily Timeframe - 4 Hour Timeframe - 1 Hour Timeframe Weekly Timeframe: Daily Timeframe: H4-Timeframe: H1-Timeframe (Entry): We recommend to trade with a candlestick pattern confirmation. Thanks and successful Trading :)!
Long
by swissmoneymakers
USDJPY - RSI DivergenceUSDJPY has a Bearish RSI Divergence when it is forming it's ascending triangle. We have headed in for a shorting opportunity instead of a buying opportunity as President Donald Trump said there won't be a smooth handover. On trade management, we will observe closely if the 1-hourly candle can break and close below the trendline, failure to do so, we might exit the trade in advance. Based on the daily chart, it is a trend trading trade but on the 1-hourly chart, it is considered as a counter-trend trade.
Short
by RaynLim