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Againsttrend

Plan: EURAUD BUYThis might be a change in trend with two big Marus developed from its lowest low. After breaking off from the range i set an Upward Key Level (clean base) from the lowest low hoping it would jump up from the Key Level and gimme a 1:2 rr. But if it moves up further from this, i'll wait for a valid break out and only then i'll set the next Key Level. Not leaving this trade as Set and Forget as it is going against the trend. The encircled might not be a valid break out as the maru is only supported by what i see as just a doji. But after a long downtrend with several downwards Key Levels developed before that, i think its time to change the trend upwards. Entry: 1.6401 SL: 1.6386 (0.9%) TP: 1.6431 Risk Management: 1. cancel trade if significant Imbalance developed within the discount zone. 2. Shock Move straight to targeted Upward Key Level.
Long
by SendorKlegane
USDCHF - Pullback Trading Idea - Counter-Trend TradingHi Traders! The market is in a Downtrend. Let's begin with the weekly! Here is it: The market is here in a Downtrend. Let's take a closer look to the the Price Action around the Support. At first we had a Downmovement, but the Support held and the market turned over. Then it came back again, but same thing: Market holds and turns over. After that, the market broke through the Support and made a ner Low. This is a new Low since July 2017! Moving further to the Daily: The market is here also in a Downtrend. It broke through Support and retested it also successfully. Now we have to observe what the market is doing in the red area. Key Question: How will the market react to this area? Is it going to reverse or continue lower? Is it ready for the next downmovement or not? Moving on to the H4-Timeframe: Here you can see another strong Downtrend. The market makes a trending move and a retracement move alternately. At the moment it is in a trending move, so we can prepare for the retracement move. What you can't see in this chart, is that we analysed the amount of the retracement from the trending move. Here are the Results: 50% 61,8% 61,8% 78,6% As you can see, the market is retracing more and more in comparison to the Trending Moves. That's why our TP is at the "safe" 61.8% Fib' Retracement Mark. Last but not least, the Entry H1 Timeframe: What you can see here is only the tight Trendline, which could serve as our Entry. The SL is below the Low and the TP at the 61.8% Fib' Retracement. We recommend to trade counter Trend Trading only if you're not a beginner anymore! Thanks and successful Trading :)!
Long
by swissmoneymakers
3
GBPUSD - Trending Move & Retracement MoveHi Traders! The market is in a Downtrend. As you can see the market started the downtrend at the Top at around 1.28000. The first Trending Move was until the Support at 1.24500. The trending move had the strength of 350 pips. Then the Retracement started. The move ended at the Resistance at 1.27000. The distance is 250 pips. The next Trending Move started. The distance of the first Movement and the next Support matches magically. So that's what we're waiting for: Entering of the "Buy Area", forming a Bullish confirmation (e.g. Candlestick Pattern) + BUY, TP at next Resistance. We recommend to trade the market carefully, because we here are trading against the big Trend. Thanks and successful Trading :)!
by swissmoneymakers
Couple of scenarios for next weekI don´t like waiting until the market provides me with a 100% copy of the perfect backtested super precise entry set up. Trading is not like fast food chain restaurant food, yu cannot always expect the same thing. While there is nothing new under the sun, price action and techncial reading of this price movement is more or less accurate. The more languages you understand the better your understanding of the overall human culture. If this makes sense?
by LorbeerInv
Dare to Go Against Trend ?? Yeah, GBPUSD, if my conditions MetThere are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works. Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone. See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I didn't mark for clear view of chart. Fib Confluence also happening in the zone and if Double Top forms there I will be going short in GBPUSD Check your Rules and Trade... Happy Trading ! Hit Likes for Agree which is boost for Me :)
Short
by InsiderB
USDCHF Potential bearish Cypher patternWhile we are waiting for the original Bullish cypher to complete after the double bottom, this pattern turned up, so if price retraces during the trend continuation we got a chance to ride it down a little but. Its counter trend so we only have 1 target! RSI is floating in the middle just as the price is in the middle of the two patterns, so lets see whats going to happen. Remember NFP tomorrow if you enter a trade manage it live during the news event. Kind regards Thomas Jeff
Short
by UnknownUnicorn101425
1