80-20 strategy long > previous days low after big down day see related trades NZDUSD for details
Looking to see a reversal here using 80-20 strategy : previous day in overall bullish on dailies then have : 1. Open in upper 20% of previous days range & close in lower 20% 2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low 3. stop loss below today's low by 10 pips, should go into profit quickly * low probability / low...
At this moment we have a share that we could have a significant setback in its downtrend, which is backed by the 80 SMA and a strong area, therefore this trade will be executed only when it reaches the area of 217.5 and vary from market strength.
Anticipating small bounces in all markets during the first part of this week as some traders are hoping this was only a correction and others are taking profits from shorting last week's dump; however, I'm convinced we are looking at the beginning on the next recession so I have multiple shorts opened accross multiple markets and looking for counter-trend trades...
Waiting for long stops around 49-49.5 to get hit, with initial TP at 38.2 fib near 55 psychological level, and 2nd TP at 61.8 fib. Most likely it will go go ranging here in 50 psychological level for some quite time before rallying soon after being oversold especially with the risk of corona virus spreading being more controlled now compared to 2 months...
Hello fellas! So, here's what EURUSD has been doing: - It completed the butterfly pattern at 78.6 X-A; - It completed the ABCDE wave count on 4H channel; and - It's showing a reversal sign after showing the lower trend line of the 4H channel. All at the same price area! Still, it's much safer to trade with the trend, and this is a counter trend analysis! So it...
You can open e sell entry from there... I am waiting for a confirmation to sell, that's why I trade "sell Limit" Good luck
STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry...
A possible counter-trend trade if retest of 2500-2515 fails...1st tp at 2425...and 2nd tp at 2360...SL is 1 ATR of hourly chart abv the high-2515, this is juz an idea, PLS DON'T TRADE with REAL money... I don't responsible for any loss of money and trading futures is a high-risk investment...pls consult your financial advisor first...
AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit. Or it may go longer term and move higher. But with the rate cuts its highly unlikely Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower. Any questions feel free to ask. Ben #PipGainFX
Two possible scenarios: 1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or 2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as...
After a nice rejection of the indicated zone, we will be waiting for a pullback to initiate buy orders.
It's been around 7 months in order to the price to reach 1.87000 First of all, we have to consider that the long term trend (weekly) is strongly going in an upward direction but perhaps this double top may be a perfect situation/opportunity for the price to "take a breathe"/go down a little after this massive rally so we can expect a likely pullback right now. If...
Selling the counter-trend retracement Close trade early if Macd goes above Red signal line Short Trade Sell Stop @ 1.3269 1st Sell Take Profit @ 1.3239 2nd Sell Take Profit @ 1.3205 Find SL
Market Double Top near the level I am looking at. The 1st peak has a long shadow and that's pretty cool. Traded this as a counter-trend trade, exact entry; stops and targets share with my subscribers.
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent. Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test). Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected. With that in mind target 200 EMA. If it...
Looking for opportunity to buy once bullish bat pattern is almost completed near pt.D. Ideal EP = 1.26062 (may change, depending on structure and price pattern). SL: 1.23480 1st PT: 1.27525 2nd PT: 1.29302
If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to...