Hello Traders , with break 1.37900 monthly support level , i expect the price reach the next resistance at 1.38780 this is a first stage,scenario is different if a pair fall under support at 1.37900
What is Double Bottom Pattern? The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern. How does Double Bottom Pattern Work?...
The USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with...
1) Double bottom pattern 2) Trend support 3) Extreme volume on Sept 16th. Stongly bullish. First target = 19.5-20
FX:GBPUSD A double bottom formation on GBPUSD is an indication of a potential change in the bearish move.
our trade plan is playing out nice, price broke our level made a retest and now is rising to out target profit level, just a regular double bottom, trend line break and retest
here we have eurusd double bottom setup completed, we see price broke the pattern/trend line and now its making the retest so i hunted out a good support level as my buy entry point for the break and retest, so lets see how it goes, our previous gold buy didnt hit our target because it was a part of this bigger double bottom setup,
i havnt been too active on this platform but i have been having amazing trades lately, so here on gold we see the double bottom pattern form, headed to break our pattern line and retest then we would have a good buy position, so lets see how it plays out, the last trade i sheared was a good one but it didnt hit out target but still some profits made, hopefully...
EURUSD as planne so now we wait for tp, if you dont with for retest after a break you would get in at a bad place while trading which would make you develope a habit of trying to hold on to trades that might not be losing trades but are still making the retest and have hugh drawdowns, most times those drawdowns/retests go staight for your stoploss, so having an...
last week was a mad week price responded to most of our setups and if you got on break even after the first few 4H candles you would have been risk free, well this is a new week and EURUSD has a setup for us so lets see if the strategy works, here price just broke our pattern line, now we expect a retest and a strong bulls move, risk/reward from my expected retest...
eurjpy fresh entry on this double top pattern, price broke the pattern line and now made a retest to the line, so we sell for the next low/support level, which is 133.512
Charge Up After the Break Point on ChargePoint Holdings Inc.! I strongly believe ChargePoint Holdings Inc. is "charging up" after the break of the upper trendline! If we hold above the break through the bottom of the week, I will enter a swing trade on CHPT. The following patterns were identified prior to the break of the upper trendline-"Double Bottom" inside...
TSLA recently broke the trendline on the daily chart. It also broke the neckline on the "Double Bottom" pattern (see the daily timeframe). Since the break of the trendline and time of the post, TSLA has moved approximately 51 points above the break. A screenshot is provided below for quick reference. Have a great weekend, MrALtrades00
CONVICTIONS 1. Double bottom pattern 2. RSI divergence 3. Long support NSE:HINDALCO
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Lovely double bottom set up on gbpusd 2 to 1 RR at current level although my entry was just under
Please support my work by clicking the LIKE button (If you liked). Also, I will appreciate for ur activity. Thank you! Currently we have a double bottom and pull back into the moving averages. If Bitcoin holds up we can get some movement out of this VR project. Follow Me for weekly updates
According to breaking the descending trend line in 4H time frame, I think USDT.D wants to make double bottom here and it means BTC price getting down ... at this moment I'm waiting to see the candle pattern.