- We have a Bearish Cypher formed in h4 - We have a double top formed in m15 - We have the upper trendline in the channel. A lot of confluences saying the price will fall. I think the price is going to test at least the 0.618 retracement. Let's see.
Hey guys, this morning i want to share with you this setup i've noticed on this pair. Price has approached a resistance structure zone on Wednesday, and since then it's failed to create new highs and so it gave me reason to believe this is a good zone to short the market. In the daily chart we've recently exited an overbought condition and here on the 4hr chart...
Coming off of long volume trapped from Friday, i'm expecting some nice bounces off the 50 EMA and 200 EMA, possibly 800EMA if price wants to make a push. Overall i'll be scouting short positions, waiting for London Open.
Looks like double top. We could see test of 38.2 fib. Just an idea. 61.8 level needs to hold.
dollar index for this week if it's open up 100.96 will go up. if it's open under 100.41 will go down.
Let us try my hand in stocks using Forex-learned price action movement. Possible double top, currently trading as simply a resistance retest with a hint of broken support trendline. Price seems to have touched the resistance at 147.55 area, but just in case, the sell signal for this is the breaking of that support trendline.
Hey guys, today i want to share a setup which is available at market right now. In this situation price si coming back to retest a daily structure zone (blue rectangle) after a double top formation that's been broken to the downside, as a confirmation signal of the direction it's headed. You can short the market now according to the 2618 technique, with stops...
Looking for short entries off this nice double top on EURCHF. we can see from yesterday there's long holders trapped and now a double top showing signs of a reversal downwards
Hey guys, this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it...
As we see the pair formed a double top and closed below the neckline on the daily. The major trend line acts as a major support for the pair, breaking it means that the pair is going to the 3.70 levels. Make sure NOT to sell before the trend is broken and the break is confirmed. Good luck!
4 Confluence In 1 Pair , I just waiting for the market to Open and If everything goes In our favor I can see 6 Confluence to take this trade , right Now See Double top and divergence that's one confluence , just wait for the break of the trend line and the supp line , and go short Go Big , take the risk , even you will be Rich , Or you will be Rich ;) Follow your rules
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Price has failed to break previous structure and got rejected forming an Evening Star candlestick pattern. 1st Target 1225.00. I believe it will fall lower but we will cross that bridge once we go there.
So we have a decent resistance TL, and there can be some argument here about its validity because there have been enough highs on this chart to plot 10 different trendlines. The reason I am using this trendline is because in the first green and red circle, the trendline was confirmed. 1st green - trendline created 1st red - trendline retested and lower high is...