I analyzed this pair before for a test of the lows from .7062 to .7022, and an extended target for an scenario of a breakdown, but it didn't happen and got only the test of the lows, and now we have this even better opportunity! If the doble top completes would bring an excellent R/R. You can always enter aggressively but the R/R will not be THAT good.
Despite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways,...
My entry will be Reason IF when : double top Than I : wait for LL - LC candle IF when : LL - LC candle Than I : Enter nextbar market
SIGNAL SELL BASED ON PATTERN DOUBLE TOP AND PENNANT . MORE DETAILS TO CHART . GOOD LUCK
The same thing, i had identified that area as resistance but i didn't had that much of evidence, and of course the R/R was good but not THAT good, and was safer to wait for a confirmation. Now, the price reached the resistance, went overbought and now is retracing, i would like to see a test the .7208 level again making a double top. But also an harmonic pattern...
Price is currently forming a double top divergence setup. We would like to a confirmation of the setup with a break of the 1.5415 level. Aggressive traders can short the breakout towards the 1.5330 region; while more conservative traders can wait for a 2618 setup. In addition, we have some valid bearish setups on H4 too.
S&P shows a double top, followed by a bearish Gartley that is due to complete around 2070. Also coincides with the .764 frib retracement of the Fall from the high in late July. Look for reversal patterns at this point (D) and enter accordingly. If confirmed, Initial targets should aim for price level of point B (ihgh probability), further price targets for points...
There is double top and still valid bearish BAT pattern on GGP. Risk versus Revard provided in this setup is excellent. Alternative targets can be fib retracements.
Hello Traders, Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market....
FX:AUDNZD Cypher pattern can lead to mistrust, but the movement is understood, expected, and synchronized with sup&res level zones. It's Completed. Time to get short, target the 38.2% retracement (Support zone), and eventualy the 61.8% as second target. (2618) - Double top >>> retracement to break the neck line >>> find support above neck >>> 61.8%...
We have double topped and broke structure to the down side. Looking for a retracement back up into the .618 around 78.29's. Stops go above X. Target 1 at previous structure lows with extended targets at 1.27 extention.
Price is trying to fight a resistance level but seems to have less and less buyers involved, reason why we see the BBP divergence. RSI diverges in the same way so a downward move is more likely than a move to the upside. I would enter this opportunity @ market with SL > 0.6470 TP 1 = 0.6370 (0.382 retracement of last move up) TP 2 = 0.6320 (0.618...
NZDUSD Made it's way into daily structure and put in a double top along with RSI divergence. This move is also accompanied by an ABCD pattern completion at the 1.27 extension. Looking for a move down near the previous low.
Here on FX:EURAUD is a very nice shorting opportunity. The price is entering the reversal zone which is a strong structure zone, look left for more confluence. We might see a double top and then fall down, or straight fall down. I prefer to wait the double top for more confluence, and then go short all the way down to the next structure levels: Target 1 and...
SELL SAIGNAL FOR LONG TERM . POTENTIAL RETURN TO 1/15 TARGET PATTERN DOUBLE TOP TARGET RECTANGLE OR SUPPORT ZONE CLASH TO LINE OF UP TREND IN LONG TIME Please note TO NEXT analysis. MORE DETAILS TO CHART THANKS
Hello traders. Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting...
Hello traders. Today on FX:EURUSD we have very nice structure based short opportunity, that is double top. We see that price tested the structure resistance and now, if the price retests the structure level @1.1243, but doesn't close above the resistance, we should go short on NBM. Besides there are very good confluences here: Left top is overbought Bearish...
Hello traders. Today I want to take your attention on FX:EURJPY shorting setup. We have a very nice shorting opportunity right at the structure resist level. We have a double top with bearish divergence, which is a good confluence, besides fibs 0.786 @133.30 resist level. We have 2 potential targets both at support zone.