GBPJPY, I'd spotted this potential trends continuation setup, a double top with RSI Divergence on the dotted line is what I'm waiting for. Aggressive trader could wait for a 3-bar reversal on the dotted line.
The GBPJPY price is in Bearish Head And Shoulders🧐 The neckline is broken & retested🔥 so, i predict a bearish move 📉 TARGET: 154.727🎯 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
EURUSD is currently retesting the Weekly Key Resistance Level, 1.0352. I will wait for a Double Top set at that level before engaging in the trade. That means Tuesday would be the earliest time to be involved in this trade.
Not only is there a double top, but the DXY got rejected at its July 14th, 2022 high almost to the penny. This is a sign that the dollar has topped out for now or at least run out of steam temporarily. It's possible It checks back to the uptrend line that dates back to February 10th, 2022 which by my gauge would bring it back to the 106-107 range. The last 5...
USDCAD is preparing a BIG downtrend. A bearish swing is pending, with multiple patterns displayed. Technical Analysis & Patterns: - Double Top (Traditional Tech.) - Bearish Bat (Harmonics) - Wave B Retracement (ABC) - Bear Flag - 61.8% Fibonacci Retracement Many pips ahead and stay awesome Gotham!
I'm looking at weekly timeframe of BTC chart. I'm comparing 2021 Bull market top with 2022 bear market bottom. Call me crazy but I think a real bottom of BTC bear market was in June 2022/at 17.5K/ as BTC real top of Bull run was in April 2021/at 65K/ Nov 2022 bottom is a bear trap and fake break down like Nov 2021 top which was bull trap and fake break out. I...
Looking at the 4 hour time frame, I can see a nice double top. Price already respected 1.01000 for a few 4 hour candles. I want to see price retest 1.00350 and drop...
watch gold at 1700 level if a price respect this level chance to go with price to 1735 different scenario if broke the level of 1696 , please Beware the news of the cpi use risk management
Hello dear friends Until a HH is not created for us, we do not have the mentality to continue the increasing process. On the other hand, in the daily time frame, due to the negative divergence of the RSI, the possibility of completing a double ceiling pattern is high. If the price range of $0.4256 is completely consumed in this corrective process, the...
We can clearly see how PA developed a double top pattern, confirming it and developing a H&S pattern with a very high second confirmation due to the ripidity of PA caused by huge amounts of buying pressure after the bear cycle breakout. A first evident confirmation of the pattern is marked with a down arrow. At this point, I'm going to wait for a second...
In this analysis, Euro/Pound look bullish based my perspective what I see this market trap. And also, we can to ask if this it's a sell imminent, but not yet, this it's a market trap and also I will share some points here why Euro will go bullish in front of Pound. Fundamental Analysis: 1) Euro and Pound rose against the safe haven Dollar on Monday, supported...
What we can see in the chart is a double top formation. The price broke already below the neckline, however the target has not been reached yet. The price bounced back up and is getting rejected from the previous support. Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
Risky trade before NFP but so many confluences, everything is lined up perfectly. Let's see how it plays out!
• BNB is very bullish, but it has to face its most challenging resistance now, around $337; • The $337 is a triple-resistance area, as seen in the daily chart, and only if BNB breaks it, we’ll see a bullish run to the next resistance at $413; • However, if BNB fails in breaking this resistance, and triggers the Double Top chart pattern seen I the 1h chart by...
Halfway through,now you can protect your trades ,and squeeze the StopLoss to entry point
The British pound edged above $1.12 recouping some losses from the previous session The Bank of England’s emergency bond-buying scheme, which was used to cover pension funds caught up in the market chaos sparked by the tax cuts announced last month, I think by Wed or Thursdays we will see price starting to fallin we are monitoring GBPUSD for a selling opportunity...
A sell signal by breaking down the neckline on GBPCAD H1
We are having a double top formation on the 1H time frame with the break and retest of the neckline