Hello Traders, Here is something for next week. It has been observed that price on AUDUSD 4 hrs chart has a formed a nice double top with negative divergence on RSI. It looks like a nice short trade opportunity for aggressive traders. Trade levels are mentioned on the chart. Thank you. Happy Trading!!!
DXY is testing the neck line of Double top pattern beside 50% Fibonacci and Moving Average 50. expecting that prices will go to 101.00 and 100.75 respectively
Hi traders, today i want share my 2618 trade setup.
Believe the bears will continue to stay in control to take price down to the support of 0.8681 area. Price could hold and bounce to go back to upside. But If price breaks the key support believe it will head down to test 0.8649 area. Also looks like a double top is forming on the 4hr chart. If price breaks neckline most def will head down to the downside.
May Oats is building a bullish Gartley pattern. On Friday it rose out of a wedge pattern and stayed up. Next upside for the bulls is at 254'2 which is major resistance. This would also be fulfilling a H&S that is still intact. But H&S only show results 30% of the time in my experience, so a double top isn't out of the question. Open Interest Rule 6—If prices...
Hi guys, just wanted to share with you this simple structure analysis on EURAUD. As you can see on the left hand side of your screen, this pair finally broke the 1,41 strong support that has been created previously. In this case we know it is a short signal, but we should wait for a retracement instead of chasing the price. So, i wait patiently and now price is up...
Hi guys, just wanted to share with you this simple structure analysis on EURAUD. As you can see on the left hand side of your screen, this pair finally broke the 1,41 strong support that has been created previously. In this case we know it is a short signal, but we should wait for a retracement instead of chasing the price. So, i wait patiently and now price is up...
Reason to entry: -Divergent and Overbought RSI -AB=CD pattern -Double top form at 141.4 extension of Butterfly pattern -Valid pattern Entry: -141.4 or 127.2 extension of Butterfly -if pattern goes higher, re-entry at 161.8 extension Exit: #1 38.2 retracement #2 61.8 retracement Void if: -price breakout 161.8 extension -price make new high and invalidate double...
Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.
Looks like a double top pattern is forming on the UJ 4hr chart. Price could head back down to test 113.66 support level. Which would also be the neckline. If price breaks the neckline/support. Price could head to the 111.89 area of support. We shall wait to see how Friday NFP holds up.
- Reversal formation identified on the H1 chart. - RSI is very close to overbought conditions (Daily chart) - These formation normally give a good 1:1 risk/reward. Cheers!
Hi traders, price recently broke the wedge pattern and i want short in correction. Also price made double top so we can handle with it as my favourite 2618 trade. Entry, stop loss, take profits are labelled in the chart,
Double top formed on price, price broke neckline and retested entering short looks good
Hi guys, recently price has formed double top and broken the wedge formation. I assume price will go more down and i want jump in to the trade on correction. My entry, stop loss and profit targets are labelled in the chart. Have a nice day !
Pretty self explanatory. Nice potential risk/reward on this trade with a tight stop.
Reason to entry: -Rising wedge pattern -Butterfly pattern -D leg confluence with impuls leg 38.2 retracement -Double top pattern -All of the pattern related and forming a high probability setup -Strong structure at final exit -This setup MAYBE will correlate with march Fed hike, since AUD have strong correlation with gold. entry: -wait for breakout from the wedge...