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Yuriy_Bishko
Mar 8, 2021 9:54 AM

GBPUSD - Adam and Eve Long

GBP/SGDOANDA

Description

"Adam and Eve" is a secondary reverse pattern which may have different representation. In the ideal version it resembles a double top with the particularity that the second maximum is rounded, smoother, slightly decided.

Another important difference with the double top is given by the asymmetry in time between the two maximums, the Eve phase can last longer than the Adam phase, a symptom of indecision and resistance to change in the market. Volume is high during the first maximum (Adam) and fall during Eve. Then, volume increases again during the breakout of the support level.

The distance between Eve and the support level is denoted by (H1) and it identifies the first target (T1).

Again for this pattern, which is considered even more rare, the volume fall during Eve and then grow up after the resistance breakout l.

Comments
DanielLubbe
Hallo There must be a mistake here The heading reads GBP/USD but the graph is GBP/SGD ???Thanks
Yuriy_Bishko
@DanielLubbe, Yes, I was wrong.
KlejdiCuni
Beautiful setup mate. Thank you!
Yuriy_Bishko
@KlejdiCuni, welocme
lmulhare
Thanks Vasily :)
schizaar
To me adam & eve is a streatched out cup and handle. Basically part of those patterns is about retesting supports and resistances this way or another so characteristics are different but deflection points will be local maximums and minimums, right?
caldooninvestment
Very nice C&H. Nailed it!
jojofang0901
thx for sharing your outlook :)
Stargazer_fx
amazing analysis mate
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