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LeeThompson97 LeeThompson97 USDJPY, D, Short ,
USDJPY: USD/JPY Short at Break of Counter Trend Line
33 0 2
USD/JPY Short at Break of Counter Trend Line

Price is currently ranging in a bearish channel, a series of lower lows and lower highs suggests that a new lower low is expected. Price could create a lower high whilst breaking to the upside of the trend line, therefore hitting our stop loss. To mitigate this, entering after the break of the counter trend line (best seen on 4hr) and the support area should cause ...

LeeThompson97 LeeThompson97 UKOIL, W, Short ,
UKOIL: Brent Crude Oil - Break of Counter Trendline & Fib Retracement
95 0 2
UKOIL, W Short
Brent Crude Oil - Break of Counter Trendline & Fib Retracement

Looking at the weekly time frame, price has failed to break a bearish trend line. Within this, on the daily time frame, price is currently at the bottom of a counter trend line. If this is broken, we should see large bearish movement towards the 28.00 level. This target is where an ABCD pattern completes and where a fib extension completes. The overall trend is ...

AJDayTradr AJDayTradr GOLD, 240, Short ,
GOLD: Counter trendline break SHORT on GOLD
48 0 2
GOLD, 240 Short
Counter trendline break SHORT on GOLD

We've seen a holding of a long term trendline on the 4 hour in gold Trigger is a counter trendline break, targeting the outer trendline @1240

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