Countertrendline
EUR/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: The weekly timeframe is bearish too.
Daily: We see on the daily timeframe a little bullish trend but there are also enough bearish waves. Therefore, I am not sure about the trend determination.
H4: The price breaks the h4 counter trendline. Therefore the trend is for me bearish.
Have a nice day.
AUD/USD Trade Idea Hello and welcome to my Trade Idea of the currency pair AUD/USD.
Lets start with the Top Down Analysis.
Monthly: Here we see a very strong downtrend with nearly no pullbacks.
Weekly: Weekly is bearish too.
Daily: We draw the very strong trendline on the daily timeframe.
H4: Here we draw the counter trendline and i think that a push to the downside will occur.
Have a nice day.
NZD/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautifully downtrend.
Weekly: The weekly timeframe is in a downtrend too with nice up and down waves.
Daily: The price closed under the daily resistance area .
H4: Here we draw the counter trendline . The price has already confirmed the counter trendline .
Have a nice day.
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a very strong downtrend with nearly no pullbacks.
Weekly: We can recognize on the weekly timeframe a little pullback. But overall the timeframe is bearish.
Daily: On daily we see the pullback in more detail.
H4: Here we draw the counter trendline. After the breakout the counter trendline was confirmed.
Have a nice day.
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD .
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a bearish trend with strong bearish candles.
Weekly: The weekly timeframe is very bearish too.
Daily: At the upper trendline a bearish engulfing candlestick formation occurs.
H4: On the h4 timeframe we see a counter trendline breakout and a close under the fibonacci level as well a close under the weekly resistance.
Have a nice day.
CAD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair CAD/CHF.
Lets start with the Top Down Analysis.
H4: We see on the h4 timeframe a bearish momentum.
H1: We can recognize on the h1 timeframe a pullback to the upside.
M15: We draw the counter trendline on the m15 timeframe and wait for a confirmed breakout.
Have a nice day.
AUD/NZD Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
H4: The h4 timeframe is bearish with nice up and down waves.
H1: We see on the h1 timeframe a up wave.
M15: On the m15 timeframe we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
GBP/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/CHF.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe an bearish momentum.
Weekly: The weekly timeframe is bearish too but in the last few weeks there's been a pullback.
Daily: Daily is bullish but the price touched the daily resistance area and that's a possibility that we can go with the trend.
H4: On the h4 timeframe we draw the counter trendline. The price touched the resistance area and in combination he breaks the counter trendline. We expect a push to the h4 support.
Have a nice day.
NZD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CAD.
Lets start with the Top Down Analysis.
Monthly: Monthly is very bearish with nice up and down waves.
Weekly: The weekly timeframe is permanently falling with nearly no pullbacks.
Daily: Daily is bearish too.
H4: We draw the counter trendline on the h4 timeframe and wait for a confirmed breakout.
Have a nice day.
GBP/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/CAD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: Weekly is very bearish too.
Daily: We see on the daily timeframe a bullish trend but the possibilities are there that the price will fall.
H4: Here we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
AUD/NZD Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: The overall monthly timeframe is bearish.
Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there.
Daily: Daily is bullish but the price breaks the counter trendline and retest it.
H4: On the h4 timeframe we see a double top at the weekly resistance.
Have a nice day.
CAD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair CAD/JPY.
Lets start with the Top Down Analysis.
Monthly: The last monthy candle is very huge bearish and the trend is in a downtrend too.
Weekly: Weekly is bearish.
Daily: On the daily timeframe we see a pullback to the upside.
H4: Here we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
AUD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a very strong downtrend.
Weekly: We see on the weekly timeframe a powerful bearish momentum too.
Daily: We can recognize on daily a pullback to the upside.
H4: On the h4 timeframe we draw the counter trendline and expect a push to the downside.
Have a nice day.
USD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CHF.
Lets start with the Top Down Analysis.
Monthly: The monthly candle 3 months ago breaks the previous lows and that's a bearish indicator.
Weekly: The weekly timeframe is in a nice downtrend.
Daily: We see on daily a pullback to the upside.
H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.
Have a nice day.
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: We see here nice up and down waves. The trend is bearish because of the L.H's and L.L's.
Weekly: Weekly is bearish too.
Daily: The daily timeframe shows a upside pullback. After the first pullback and fall after that the price bounce from the h4 support to the upside again.
H4: Here we draw the counter trendline. We wait for more confirmations before we think that the price will fall to the h4 support.
Have a nice day.
EUR/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a strong downtrend.
Weekly: The weekly timeframe is in a downtrend too.
Daily: We recognize on the daily timeframe a pullback to the upside.
H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.
Have a nice day.
USD/JPY Trade Idea Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a downtrend and the last monthly candle closed under the last lows.
Weekly: We see on weekly a nice downtrend too with good up and down waves.
Daily: On daily we draw the strong down trendline.
H4: The very powerful counter trendline is drawn on the h4 timeframe. We wait for a clear confirmed breakout before we see a push to the lows.
Have a nice day.
NZD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CAD.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe beautiful waves to the downside.
Weekly: The weekly timeframe is very bearish.
Daily: On daily we see a little pullback to the upside.
H4: Here we draw the counter trendline. We wait for a confirmed break and then we expect a push to the downside.
Have a nice day.
NZD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CHF.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very bearish with strong bearish candles.
Weekly: On the weekly timeframe we see the strong bearish waves.
Daily: We see on the daily timeframe a pullback to the upside.
H4: Here we draw the counter trendline and expect a push to the downside.
Have a nice day.
GBP/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/CHF.
Lets start with the Top Down Analysis.
Monthly: The last months are very bearish.
Weekly: On weekly we see a bearish trend too with a pullback to the upside.
Daily: We see on the daily timeframe the pullback in more detail.
H4: On the the h4 timeframe we draw the counter trendline and wait for a confirmed break.
Have a nice day.
CAD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair CAD/CHF.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish.
Weekly: We see on weekly nice up and down waves. But the overall trend is bearish.
Daily: On daily we draw the strong bearish trendline.
H4: We draw the counter trendline on the h4 timeframe and wait for a confirmed break.
Have a nice day.
EUR/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/CHF.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe that the market is in a very strong downtrend.
Weekly: On the weekly timeframe we see the strong bearish trend in more detail with nearly no pullbacks.
Daily: The daily timeframe shows 3 bullish days and because of that there is a upside pullback.
H4: On the h4 timeframe we draw the counter trendline and wait for a confirmed break.
Have a nice day.