Countertrend
GBPCHF Counter Trend Short FlashcardGBPCHF Short - Pins off 200 ema giving clear easy entry with no draw down
- Entry at top off 4th 5th 6th or 7th pin
- RSI bolinger breakout hook back in entry along with RSI (green) Signal line (red) cross entry
- Exit TP @ RSI bolinger breakout hook back in.
- TP 2 non existent due to the trade being counter trend
- Bullish cycle
- No drawdown on the trade
EUR/GBPhere on the Euro/ Pound (EUR/ GBP) we have a nice crab pattern i drew out the other day (Sunday I think) and i have been waiting to enter the trade and missed my opportunity for the type 1 move so now im waiting for the T2 move. the trade is currently 20-ish pips in profit for the T1 setup! the yellow line is the HOP for this pattern. based on the COT report once this trade looks like its reversing take your pips and get out. the COT suggest that the Euro is to move up and the pound is to move down. So, this is a contrarian trade and to be managed automatically due to the large orders for both pairs based on the COT.
GBPUSD-Weekly Market Analysis-Jul20,Wk1A bullish bat pattern came closer than last week, I will be waiting for candlestick pattern confirmation before engage the trade as a counter-trend trading setup. Take note that there is 2 support level that is close and lower than X, being aggressive on this trade is not advisable.
EURUSD-Weekly Market Analysis-Jun20,Wk4A bearish channel a level that trend traders can look for a shorting opportunity at the tip of it and counter-trend traders can look for a buying opportunity at the bottom of it.
Candle confirmation on this trade is important, and this will be an add on to the existing trade I had on the Head and Shoulders(link at the bottom) which I've shorted it based on the Type2 Bearish Gartley that I had add-on to the existing position.
GBPUSD [Pending Short]Short Setup - Swing trade
- Sell Stop (Pending oder)
- Looks like another lower high
- Previous candle show market confusion
- I see a much longer low right shoulder
Setup:
- Entry: 1.26324
- Stop: 1.26668
- TP1: 1.25050
- TP2: 1.23730
I think I can do swing trade while I am busy, but will have much lesser trades. Which maybe even a good thing....
SHORT EUR/AUD.SHORT EUR/AUD, IF*** there is a clear rejection around the 61,80% and 71,60% level of the fibonacci. The market reached the top of a downtrend channel, it also reached a counter trendline, the market seems to be rejecting the 200MA on the daily timeframe and seems to be rejecting a weekly key level above (purple zone). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.