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Countertrend

One of my Fave!I wanted to share with you one of my favourite trading strategy, the Sideway bounce. Not only is it easy to execute, but it also delivers some of the most relaxing results. In this particular case, the resistance is at 148.40, and the support is at 147.51, which means they're 89 pips apart. This translates to an approximate profit potential of $890 per lot, both ways. To ensure success with this strategy, it's crucial to make sure the market doesn't violate the two levels. This way, we can maximize returns while minimizing risk. I believe that implementing this trading strategy will be incredibly beneficial to our investment portfolio. You have to make sure, not to overtrade it.
by RaynLim
Counter-Trend Trading OpportunityEURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602. It is important to wait for confirmation from a magic candle confirmation before executing this strategy. The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot. Our first target should be set at 1.0668(+66pips) or +660 USD/lot. Before making any trades, it's critical to do your own analysis and follow your trade plan. As always, it's essential to approach investment opportunities with care and caution. But if you're ready to take a calculated risk, this could be an exciting opportunity for you. Happy trading!
Long
by RaynLim
4
Bullish Momentum in Focus!Trading on the Euro Yen has been on a bullish trend, with some market consolidation due to the over-extended movement. To take advantage of this trend, we recommend buying at support and selling at resistance, which can potentially produce a profit potential of 170pips on the 4-hourly chart. On the daily chart, we have just broken the very aggressive and trending bullish trend line, but there are other trend lines that can offer a buying opportunity. However, we suggest waiting for a selling opportunity at 158.49 and a buying opportunity at 156.79 on the 4-hour chart, where there is a precise entry point for a bullish run. With an initial stop-loss at 156.33 and the first target at 157.35, this trade can be engaged on the 1-hourly chart at 156.82. It is important to note that this is not trading advice, and investors should do their own analysis and not follow blindly.
Long
by RaynLim
Contrasting Trends, Caution AdvisedIt is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies between 1.2313 to 1.2689, with a weaker bullish movement on the weekly chart. Remember to always conduct your own analysis and avoid blindly following others. If you're interested in learning more, feel free to chat with me.
by RaynLim
Navigating Counter-Trend Waters: AUDUSD InsightsThe AUDUSD's prolonged bearish journey has sparked interest among traders seeking a potential rebound. However, it's vital to remember that market dynamics don't always adhere to expectations. For those exploring counter-trend opportunities, the presence of an over-extended Bullish Shark Pattern accompanied by a Bullish Trendline forms an intriguing combination. Exercise caution and await confirmation before entering the trade. Keep in mind, once the candle breaches the Bullish Trendline, this setup loses its validity. 📊🔄
Long
by RaynLim
1
Bullish Outlook, Counter-Trend Opp.The overall outlook for USDJPY leans towards a bullish trajectory. However, this week's strategies are tailored for counter-trend traders. For position traders, keep an eye out for a potential Bearish Bat Pattern forming at 149.28. Exercise patience and await confirmation before making a move. Zooming into the 4-hour chart, an ABCD Pattern coupled with an RSI Divergence at 147.77 provides an intriguing setup. If the market doesn't exhibit a significant gap upon opening, this could shape up to be a promising strategy. 🤔 What's your play in this scenario? Share your trade plan in the comments! 🗨️💡
Short
by RaynLim
Rediscovering a Classic: GBPUSD TradingAh, the good old days! This GBPUSD setup takes me back to my early trading days. The strategy? Simple yet effective: buy at support, sell at resistance. While some may view it as a scalping trade, dismissing it as low volatility, here's the kicker — there's a potential 56 pips in profit. 💰 My game plan? Patience. I'll wait for the next support retest, keeping an eye out for that magic candle confirmation before making my move to buy. Alternatively, if the market hits resistance, I'll await the same confirmation before considering a sell. 🕯️🔄
by RaynLim
Bearish Momentum Continues!📉 Monthly Chart: - Support at 0.6160, but no end to bearish trend. - Consider countertrend moves carefully. 📉 Weekly Chart: - Market near resistance, but don't miss the bigger picture. - Be cautious with countertrend trades. 📉 Daily Chart: - Strong bearish movement. - Market shows weakness at previous resistance. 📉 Four-Hour & One-Hour Charts: - Potential countertrend opportunities, but be cautious. - Look for confirmation before engaging in trades. 💡 Trading Strategies: - Weekly chart: Gartley pattern at 0.6173 for patient buyers. - Daily chart: Bullish crab pattern at 0.6191 for buying opportunity. - One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.
Long
by RaynLim
Bearish Signs Emerging!📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉 Weekly Chart Analysis: Trend line broken. Set alerts for retest. Consider aggressive shorting. 📊 Daily Chart: Wait for retest for aggressive short. Potential 130 pips opportunity. 🦈 Four Hour Chart: Shark pattern may be invalid. Customize chart for accuracy. 📈 One Hour Chart: AB=CD movement. Wait for 3-bar reversal for buying. Double bottom with RSI divergence.
by RaynLim
A Twist in the Bullish Trend?Despite the prevailing bullish movement on Dollar Yen, a shift in strategy beckons this week. Embark on this journey with me. On the weekly chart, a slight break and closure above the prior high is evident. The magnitude of this "bit" rests upon your filters – will the subtle breach be overlooked? An RSI divergence, however, raises concern. This divergence surfaces as the market forms a matching or higher high, prompting my consideration for a shorting prospect. ⚖️📊 Transitioning to the daily chart, the market once again surges beyond the previous high. While it fails to breach the previous RSI level, the prolonged nature of this movement merits contemplation. Could these statistics indicate a formidable resistance? Food for thought. 🗞️🤔 The four-hour chart illustrates the market's ascent, setting the stage for a potential shorting opportunity upon a retest at 146.40. Zooming in further to the one-hour chart, a structural standpoint reveals potential trading setups. Amidst this, the buzz about the Bank of Japan's potential market intervention simmers. As a prudent trader, I advise cautiousness, keenly observing the hard facts and policy shifts that could impact the Japanese Yen's trajectory and consequently, Dollar Yen. 🏦🌐 For enthusiasts interested in mastering the art of news-driven trading, scan the QR code to enter our community chat. Verification unlocks access to our filtered news, arming you with valuable insights. 💼🌍 Returning to the weekly chart, trading strategies come into play. A bearish bat pattern at 149.29 piques my interest, a setup I've been highlighting for weeks. The daily chart offers parallel setups, including the aforementioned bearish bat pattern and a bearish crab pattern that could emerge around 150.44. The latter's fate rests upon the strength of the Bank of Japan's intervention and policies. 🦀📈 Within the four-hour chart lies a counter-trend opportunity at 147.76, rooted in the ABCD pattern setup. For trend-oriented traders, a potential buying entry hovers at 144.02 upon retest, drawing support from established levels. However, my focal point remains the one-hour chart, spotlighting a potential shorting opportunity through the shark pattern. Should the market reach 146.30, I envision an enticing entry. As the specter of Bank of Japan intervention looms, my exit strategy might involve one week post-intervention for potential profits, grounded in years of market observation and trading experience. ⏰📈
Short
by RaynLim
Will the BoJ intervene...The USDJPY trades with choppy price action between the 145 and 146 price range. With increasing comments about the weakness of the Yen and the possible invention from the BoJ, the longer the USDJPY stays at this price level, the higher chance we are likely to see an intervention. However, we cannot rule out a continuation of the upside, especially if the DXY recovers in strength. I would avoid further trades to the upside, and wait for possible counter trend reversal. But speculative counter-trends setups have a higher likelihood of failing (the trend is your friend)
Short
by JinDao_Tai
2
Chart vs. HeadlinesLet's debunk some headlines like "The Dollar is Bearish!" and dig into the real chart dynamics. On the weekly chart, a bullish trend is evident, despite a retracement that might seem bearish. Always consider the bigger picture. The recent retracement is a mere blip compared to the overall uptrend. 🔍 Key Levels to Watch 🔍 Zoom out and observe the retest happening on the previous high. Keep a close eye on whether the market breaches 145.24. The next crucial level to watch is 152.02. Chart analysis trumps online articles. Don't just read, define your levels strategically. 💡 Daily Chart Insights 💡 Approaching the previous high on the daily chart, counter-trend traders might eye shorting opportunities. However, wait for candlestick confirmation before executing. Personally, I see a breakout trading opportunity, not an aggressive short. 📊 Four Hour Chart Dynamics 📊 New highs surpassing previous structures on the four-hour chart indicate the bullish trend persists. This trend isn't over. One hour chart mirrors this pattern—a break of prior resistance. 📚 Mastering Market Analysis 📚 If you're passionate about analyzing markets like I am, employing clear rules for buying and selling levels is vital. No guessing games. Scan the QR code for our community channel. Engage with like-minded individuals and refine your skills. 💼 Crafting Trading Strategies 💼 Returning to the weekly chart, counter-traders might spot a shorting setup at 149.28 for a Fib-3 Bat setup. On the daily chart, a crab pattern at 150.39 forms, with a Bat pattern completion at 149.16. ⚙️ Shorting Opportunities ⚙️ For those inclined towards shorting, the ABCD pattern on the four-hour chart sets a stage at 147.80. My focus? Buying opportunities. A pullback to 144.02 holds potential for a buying window. 🔎 Immediate Insights 🔎 On the one-hour chart, a closer level of interest stands at 144.46—a promising buying opportunity within the buy zone.
Long
by RaynLim
📈 Navigating Euro-Dollar Trends: Trading Insights 📉Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱 📊 Weekly Chart Insights 📊 The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find ourselves back in the buy zone. 🔍 Spotting Entry Points 🔍 For those eyeing a buying opportunity, a bit of patience might be wise as we await further confirmation before engaging the trade. The four-hour chart showcases an enticing support level at 1.0921, primed for a potential buying entry. Similarly, the one-hour chart hints at a possible pullback setup. 🔎 Charting Trading Prospects 🔎 Weekly Chart: Trend traders might consider a shorting possibility on a retest at 1.1232. Daily Chart: Watch for confirmation at 1.0913 for a buying opportunity. Four-Hour Chart: A bearish bat pattern completion at 1.1134 could intrigue shorting enthusiasts. For buyers, a bullish bat setup may require a magic candle confirmation at 1.0883. One-Hour Chart: An AB=CD movement completion at 1.0914 offers a potential entry point. 📅 Seizing Opportunities 📅 This week presents an array of trading prospects. The key is clarity in your trading intentions. Are you pursuing a trend trade, a counter-trend pullback, or simply capitalizing on setups as they arise? Planning using the A.P.E framework—Analyze, Plan, Execute—can be your compass to success. 🚀 Ready for Trading Success? 🚀 For those keen on utilizing the 15-minute-a-day A.P.E technique to enhance your trading prowess and boost income, don't hesitate to reach out. Elevate your trading game with strategic precision!
Long
by RaynLim
Bearish Shark Pattern with RSI Divergence🦈📉 Bearish Shark Pattern with RSI Divergence 📉🦈 Finally, the trade I've been patiently waiting for on EURJPY is here! 🚀 This one calls for a shorting opportunity, treating it as a pullback trade, a retracement trade. Now, it's time to keep a close eye on how the market reacts when it reaches our first target at 154.25. 🎯 If the market respects this level and chooses to rebound upwards, we have our answer. But if it bashes through the blue box, then we know there's a higher chance of hitting our second target. Make sure to follow my only account @raynlim for more updates and insights on the financial markets. Let's trade smart and seize the profit opportunity together! 💪💰
Short
by RaynLim
Nasdaq on the Verge of Retracement 📉🚀 Nasdaq on the Verge of Retracement - Bearish Shark Pattern & RSI Divergence Pointing Downward! 📉🚀 I've spotted a Bearish Shark Pattern with RSI Divergence on the Nasdaq, signaling a potential retracement ahead. I've entered the trade with precise stops and targets in place. Let's keep a close eye on how it unfolds. 📊 If this trade turns out profitable, brace yourself, US stocks might be heading for a bearish ride that could last for weeks to months. ⚠️ US Stocks Traders, get ready for possible impact! 📈 Follow my only account @raynlim for timely updates and trading insights. Let's navigate the markets with confidence! 📈🚀
SKILLING:US100Short
by RaynLim
Time to Plan Your Currency Exchange!If you're planning a trip to Australia in the next few months, consider changing some Aussie dollars now. For counter-trend traders, it's a great opportunity to look for a buying opportunity in the AUD. Let's analyze the charts! 📊 The market hit resistance and is now in consolidation, making it a concern for buyers. The daily chart shows an M Formation, with the 0.6600 level as a critical watch. It's likely to be violated before any potential reversal. On the four-hour chart, wait for a buying opportunity with magic candle confirmation. ⏰ On the four-hour chart, a bullish bat pattern has already completed, signaling a potential shorting opportunity. Set alerts and observe the Monday market opening for further confirmation. 📈 The setup is clear and objective, leaving no room for subjectivity. Engage your trade with defined stops and targets in mind. 💡 Trade smarter and save time! Spend just 15 mins a day on market analysis, setting alerts, and enjoying life. DM me to learn how. 💹 Follow my only account @raynlim for insightful analysis and updates. Let's trade with confidence! 📈🇦🇺
Long
by RaynLim
Forex Journal #1- GBPUSD Counter TradeIn my journal, I'm noticing GBPUSD made a new lower low on the 4 hour timeframe. Although price in in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 1.27585 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and risk level. I'd love if you can reply your thoughts and like the video for more.
Short
by ShaquanLopez
Tricky Times, I'm Counter-Trend Now!💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering. 📈 On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity. ⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Short
by RaynLim
Overall Bullish, But I'm Countertrending This Trade💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone. ⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart. 🔍 My trading approach will shift to bullish once it hits the key support level or the bullish trendline. 📊 Stay tuned for more trading insights and updates!
Long
by RaynLim