Alright Traders, if price fails to break this level around 0.98888 and gives us a gud long trade opportunity then we could be looking at a potential INVERTED DOUBLE HEAD & SHOULDERs. However if price does break below that level, we will be looking for a shorting opportunity upon retest of that level towards 0.98500-0.98400. #PatienceIsKey
Three touches of 109.279 after which we see that there is a drop in price. Maybe he'll do another HL touch then it will reach 109,480 and he will form double TOP if that happens and if it breaks that uptrend it will go down
According to the EMA the market runs below all EMA 21, 34, 89. In addition there is a "double top" chart pattern that identifies a downtrend. We take the entry point when correcting the yellow box
This is my revision of the 20,50,200 Ema&Aroon strategy. Link provided. I've added a second Aroon a indicator set to 50. This allows you even greater insight and accuracy to the beginning of a trend as well as greater accuracy in determining when the pair is consolidating. In most cases, if the Aroon 25 doesn't catch the beginning of a good trade signal, the...
Will this be Double Top technical formation or heading to Fibonacci 61.8 level time will tell. My play is short with S/L tick above Fibonacci and T/P on 3% from MA200
OANDA:XAUUSD Gold has shown weakness for days now but key level resistances are nearing and probable central bank stimulus from ecb and fed should push gold for double top or to new highs for this year. SL below resistance or lower trend line. TP at double top.
If this week closes below 9600, the DT will stand.
PRICE AT MONTHLY AND WEEKLY RESISTANCE LEVEL AND PRICE STOPS AND REVERSING,NEXT WILL BE TARGET PRICE HAPPY TRADING
After hitting our target precisely on the 1hr chart a few candles back we can see here on the 4hr chart that we went a a pip or 2 above the target afterwards most likely fueled by fomo.We now see our pullback/correction taking place but if we can maintain support above our falling wedge target from here on out we will certainly trigger the Adam and ve double...
illustrated here on the 1hr chart with a small hyphenated horizontal green line, we can see how perfectly the 1hr candle from 3 hours ago hit the breakout target of the wedge precisely and then retraced slightly....the proceeding 1hr candle(driven by fomo) has now taken us a pip or so higher than the projected target and the red 1hr candle that followed it is the...
falling wedges target is 11.5k we may reach 11.7k with fomo....bears may try to dump it back down after that and send price action back to retest the top trendline of the purple wedge while simultaneously filling the 8.5k gap...or it could also fall a little further tto test the 3day chart 50ma or 200ma (in orange and blue) for a big support bounce and to trick...
after the 3hr50ma refused to submit to the bulls at the invh&s neckline thee bears dumped it below the head and nullfiied the 4hr falling wedge at the same time. This is a great example of why selling at a neckline in a correction phase like this can be a very very smart move if you set a smart stoploss buy-in a few pips above the neckline. Since the smaller time...
Here is my adaptation of a Double bottom trade, i am expecting/waiting for it to cross the horizontal line. Once this has been crossed and a candle closes above i will enter the trade and look to take profits slightly bellow my expected levels to ensure it does not fall short by a few pips.
BTC currently holding on to 9,9k support, which probaly wont hold for long. A 1000 point correction would be in place. Will be looking for entry around 8,8k - 9,2k. Also notice volume has been declining since june 24 on the daily chart and is currently pretty low. One more leg down to create a double bottem and hopefully alot of volume will come, this could give...