Falling wedge in the 30 min chart. The overall trend is bullish. This can be both a falling wedge and a douple bottom (114.050)
This looks like a nice DB. Nice Risk:Reward ratio
Beautiful setup forming . 2nd target at previous swing high .
Hello on EURJPY we see simple but strong formation wich can show revers of the trend. Have a nice trading and keep your trading as simple as you can :D
AUDUSD seems to be consolidating within a symmetrical triangle. Price recently bounced off of the .8660 low, forming a double bottom, normally a reversal pattern, but failed to create higher highs. If price were to continue downward the next strong support level is a 2010 low at .8369. So wait for price to breakout of the triangle before entering and place a stop...
There was a double bottom right at the key support zone. If market pulls back from the recent bullish momentum to 61.8% retracement level, we will have a 2618 setup to go long. At the moment, I'm shorting this pair (see idea in link below). Lets wait and see if market will play as per these ideas.
Price is at the 61.8 fib retrace level; I think I'm seeing a double bottom here; hopefully we see a strong reversal here.
Looking for a continuation to the upside in the direction of the main trend (retraced 50% circa). Buyed at market on the first green candle close after the double bottom.
There was a double bottom formation after the UK PMI data was lower than expected, this indicator is also at lower levels than previous months. The RSI technical indicator is showing bullish divergence and the MACD line has just turned above the signal line. The trade setup is entry at 0.7794 with a stop loss at 0.77653 and the first profit target at 0.78227....
30$ is a major support zone in $SODA. We, in the Elite Zone, traded it before with great results. We may be looking at a weekly double bottom at this historic support with weekly bullish divergence. If you want to buy something which is not at ATH, you may want to check out $SODA. Join the Market Zone for more trade ideas.
AUDJPY just broke out of a square consolidation pattern. Made a strong move upwards followed by a retracement back to rectangle structure. Price put in a solid green bar right at structure, will be waiting for price to return for a double bottom before entering long. Watching top of larger upwards channel for TP
Looking to have volume that is two times greater or more than the day before before entering a long position.
Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
1D trending up with retracement on zone Taking the trade on 1H chart as a double bottom, 2nd low is higher than 1st low. We set the SL below the 1st low
Looking for a good closing candle for entry at the low of the double bottom. After a .382 retracement, can play the 2618 back down to test structure again.
Reasons for entry : - Double bottom - Rsi divergance - Harmonic move - ALT AB 141.4 SL : - Below PRZ, TP: - Retest of structure Comment : Very good risk rewrad ratio