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Tricky Times, I'm Counter-Trend Now! 
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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.
... more[ 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.
Live chart:
https://www.tradingview.com/chart/USDJPY/h1HfLCbj-Tricky-Times-I-m-Counter-Trend-Now/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #headandshoulders #keysupport #outsidebar #countertrend #candlestickpattern #candlestickanalysis #sellzone #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #DollarBias #CounterTrendTrading #JanetYellenSpeech #TradingInsights #MarketAnalysis #TradeWisely less
https://vimeo.com/847015169
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[Counter-Trend on Dollar-Yen]
� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to... more[Counter-Trend on Dollar-Yen]
� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market.
Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! ��
#USDJPY #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned
Live chart:
https://www.tradingview.com/chart/USDJPY/Do6TnUmE-Counter-Trend-on-USDJPY/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #keyresistance #countertrend #candlestickpattern #candlestickanalysis #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned less
https://vimeo.com/843680721
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Channels Recommended for You
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[Bullish Run Persist]
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the... more[Bullish Run Persist]
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade.
If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup than the AB=CD Pattern.
If you love what you are seeing, remember to follow my only account, raynlim
Live chart:
https://www.tradingview.com/chart/USDJPY/4D2Dbg55-Bullish-Run-Persist/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #trendline #supportlevel #trendcontinuation #trendtrading #harmonicpatterns #countertrend #bearishbat #batpatterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/839488976
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[Most Traders Lose Money because of this...]
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the... more[Most Traders Lose Money because of this...]
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move.
I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you are counter-trend trading and you won't know that if you didn't get the trend right.
On the lower timeframe, the 4-hourly chart, Trend Traders could wait for a retest of the Key Resistance Level at 1.0912 and wait for a Magic Candle Confirmation to engage the trade.
Counter-Trend Traders could wait for the completion of the Bullish Shark Pattern, followed by a Magic Candle Confirmation at 1.0707 before heading for a buying opportunity.
What's your trade plan for the week? Comment down below.
Live chart:
https://www.tradingview.com/chart/EURUSD/rDgNU9rs-This-is-why-Most-Traders-Lose-Money/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#EURUSD #keyresistance #trendtrading #bullishshark #sharkpatterns #countertrend #supportandresistance #support #resistance #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/839489573
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[Dollar Bias!]
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern... more[Dollar Bias!]
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level.
If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern must touch 141.51 within the next 2 candles, which means within 8 hours after the market opens.
If you love what you are seeing, remember to follow my only account, raynlim
Live chart:
https://www.tradingview.com/chart/USDJPY/dZ8faKV2-Dollar-Bias/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #supportlevel #trendcontinuation #trendtrading #harmonicpatterns #countertrend #bearishbutterfly #butterflypatterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/837286042
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[Bullish Trend!]
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend... more[Bullish Trend!]
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation after the retest; that is when you can engage the trade after the Magic Candle Confirmation.
Live chart:
https://www.tradingview.com/chart/GBPUSD/MXK9sKN7-Bullish-Trend/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#GBPUSD #trendcontinuation #demandzone #support #supportandresistance #trendline #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/837283680
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[What's Next?]
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart.
If you are waiting for a buying opportunity, the support... more[What's Next?]
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart.
If you are waiting for a buying opportunity, the support level on the 4-hourly chart, 1.0863, could interest you.
What is your trade plan?
Comment down below.
Live chart:
https://www.tradingview.com/chart/EURUSD/3q5yoQ7t-What-s-Next/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#EURUSD #trendtrading #supportandresistance #support #resistance #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/837282508
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