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Countertrendline

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 last month is strong bullish but the overall trend is bearish. Weekly: Here we see the pullback to the upside in more detail but the trend is bearish. Daily: On the daily timeframe we see that the market is at a strong resistance area, we expect a bearish push. H4: We draw on the h4 timeframe the counter trendline and expect a push to the low. Have a nice day.
Short
by Bullandbeartrading
4
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