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Countertrendline

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 strong downtrend with nearly no pullbacks. Weekly: The weekly candle from the penultimate week is very huge and closes under all lows. Daily: We see on the daily timeframe a bearish trend with a pullback to the upside. H4: On the h4 timeframe we see a bearish trendline and the market reacts beautifully to it. Also the market breaks the counter trendline. Have a nice day.
Short
by Bullandbeartrading
6
AUD/NZD Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/NZD. Lets start with the Top Down Analysis. Daily: The last daily candle from this week has already broken 2 lows and this is an initial confirmation of an bearish trend. H4: The last h4 candles are bearish and that is crucial for an m15 push to the downside. H1: On the h1 timeframe we see a bearish trend. M15: Here we draw the counter trendline. We wait for a confirmed breakout and then a push to the downside. Have a nice day.
Short
by Bullandbeartrading
2
GBP/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/USD. Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe that the market is in a downtrend. The last month has a big filled candle. Weekly: The weekly timeframe is very bearish. Daily: On daily we see a pullback to the upside and this is a possibility for us to get back into the trend. H4: Here we draw the counter trendline and expect a push to the lows. Have a nice day.
Short
by Bullandbeartrading
10
USD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/JPY. Lets start with the Top Down Analysis. Monthly: There's a huge bearish candle this month. Weekly: The weekly timeframe is in a downtrend too. We see that the market has been reacting to a certain level over the last 4 weeks and is therefore withdraw again. Daily: We see on the daily timeframe a consolidation and therefore possibilities for an entry are there. H4: We draw on the h4 timeframe the strong resistance area and the counter trendline. We wait for a confirmed breakout. Have a nice day.
Short
by Bullandbeartrading
EUR/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/JPY . Let's start with the Top Down Analysis. Weekly: The weekly timeframe is bearish with a huge bearish candle who has closed under the weekly support. Daily: We see on the daily timeframe big bearish candles to sum up, the trend is bearish. H4: The downtrend is clear to see with a little pullback to the upside. H1: On the H1 timeframe we draw our counter trendline and have enough confirmations for a downtrend. Have a nice day.
Short
by Bullandbeartrading
9
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD. Lets start with the Top Down Analysis. Monthly: Monthly is bullish but due to the 2 huge bearish candles I am divided opinion. There was also a LH formed as well as a possible LL. Weekly: On the weekly timeframe, we see because of the huge bearish candles that we are bearish. The price reacts perfect to the weekly RES and its possible that the price can't close above the resistance. Daily: On daily we see a beautiful downtrend with a little bullish pullback and look for short entrys H4: After the touch from the weekly RES we expect a push to the downside. As well we draw the counter trendline and wait for a confirmed breakout. Have a nice day.
Short
by Bullandbeartrading
19