Picking bottoms particularly recently in the oil (WTI) complex, sometimes produces sticky fingers. That said, one could build a technical analysis case for a bottom formation at current levels. A) Longer term we have a completion of a Harmonic Bat. (insert) B) Shorter term turn we have : 1) A completed Wolfe Wave 2) Black Swan harmonic formation 3) An...
EURAUD is approaching an interesting area which could give us a high probability set up if given confirmation in the price action. Daily time frame shows that the price is approaching the upper boundary of an falling expanding structure. After a period of consolidation within the last couple months, we had a push upwards which is now losing momentum and...
Bullish Indications 1. Series of Higher Highs and Lows 2. Significance Support Area at Entry Point 3. AUD Index is Bullish 4. USD Index is Bearish/Sideways 5. Volumes are increasing as the price is in the range Bearish Indications 1. Break 0.236 Fib level support 2. Recently Formed Double Top which is a reversal pattern 3. Break Trend line support
On US30, there is a double top formation with the break and retest of the neck line.
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD Price closed within the zone so there are two options on this pair. 1. Price goes back down and retest zone and drop 2. Price creates double bottom and goes up to the next major zone Look at smaller time frames for patterns such as...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of CADJPY I am looking at two scenarios with CJ. 1. Price break below 99.800 and drop to the next area which is 98.000 2. Price retest current price and creates a double bottom and goes back up to 101.000 Look at smaller time frames for patterns...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of NZDUSD Price closed above this zone (0.63725), once the market is open today I will be waiting for a retest on the zone and see if any long positions open up if not, we can wait for price to break below and close underneath the zone and look for...
HTF Bearish LTF Bearish Strong Reversal impulse followed by correction Double Top Price currently in consolidation, Looking for sell opportunity towards top of LTF continuation. Thanks Trade Safe
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDJPY I am looking for price to rise and retest price 137.850 and then look at smaller time frames for patterns for confirmation on short positions. Look at smaller time frames for patterns such as double tops and double bottoms for more...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURUSD I am looking at two options for this pair. 1. Waiting for price to retest minor zone 1.05950 and go long to 1.06800 2. Price break below and retest 1.05950 and drop to 1.04600 Look at smaller time frames for patterns such as double tops...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of GBPJPY I am looking at two options for this pair. 1. Looking for a retest on 167.900 and long 2. Price break below and retest 167.900 and look for sells to 167.000 Look at smaller time frames for patterns such as double tops and double bottoms...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of NZDUSD I am looking at two options for this pair. 1. Retest 0.63150 and go back up to 0.64400 2. Break below retest 0.63000 and drop down Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation....
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am waiting for price to get to 1.68500 and once it gets there I will be looking at two options. 1. Price to retest 1.68500 and then drop to 1.66500 and look for buys to 1.70000 2. Price to break above and retest 1.68500 and go long...
Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD. I am currently waiting for price to either break above 1.36850 and retest and look for buys or it can also fail to break above and retest and drop. Look at smaller time frames for patterns such as double tops and double bottoms for...
Tesla looks to play out double top Pattern. $150 area first bounce $134 area area is target move
Maybe we can see logical finish, what you think? Double tops is doing his work :)
The market moves up, the market moves down. If you are a naked trader, you will probably note that the turning points in the market coincide with the support and resistance zones. -If the market touches a zone twice in succession, it will often move away from the zone -Two touches on a zone from below suggests a market top -When the market makes lower highs, it...
Hello,Traders! EUR-CAD was trading in a rising channel But the pair was overbought so After the establishment of the Double top pattern a bearish Breakout happened and now We are seeing a rebound To retest the supply are above From where a local move down Is quite possible Sell! Like, comment and subscribe to boost your trading! See other ideas below too!