For all the counter-trend enthusiasts! This thread will be only for reversal trades, any pair bullish or bearish.
Of course, there may be an overall trend in agreement with your trade, but the chart posted needs to show that the context of your trade is counter-trend. As an example, H4 may show an uptrend, but H1 or lower time frame shows price on a down-trend. So, you look for a bullish reversal on H1 or lower time frame. Please post the chart that shows the reversal, i.e. lower time frame entry, with SL and TP target.
So, whether or not there is an overall trend, or a range in play, charts posted should clearly show that the trade is a reversal. Can be a pattern, i.e. H&S, pin bar, engulfing, etc. Or simple a key level and/or range boundary you enter at, assuming price will bounce.
Of course, there may be an overall trend in agreement with your trade, but the chart posted needs to show that the context of your trade is counter-trend. As an example, H4 may show an uptrend, but H1 or lower time frame shows price on a down-trend. So, you look for a bullish reversal on H1 or lower time frame. Please post the chart that shows the reversal, i.e. lower time frame entry, with SL and TP target.
So, whether or not there is an overall trend, or a range in play, charts posted should clearly show that the trade is a reversal. Can be a pattern, i.e. H&S, pin bar, engulfing, etc. Or simple a key level and/or range boundary you enter at, assuming price will bounce.
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