We are having a double top formation on the 1H time frame with the break and retest of the neckline
GBPAUD - HTF Price consolidating, again another potential DT, Alarms set above the weekly TL and at 1.76561 (Big breakout zones), either way I want to catch this one!
Double Top + Shooting Star 919.95 SL 900.85 Second bearish candle low 1:1 target 881.75
Gold has fallen below the 50-month MA (thick blue), 200-month MA (red), and is below all of the major monthly, weekly, and daily moving averages. It’s in a well-established downtrend channel after a major double top breakdown with a retest. The green line pointed to by the green arrow was a potential major uptrend line which was broken and retested. The next...
DOUBLE TOP was been form that gave me a clear confirmation the sellers have it. MY ENTRY will be at the neckline why am sure about my trade, sl 1797.04 my takeprofit will be 1427.06 and tp 2 1394.52
COINBASE:BTCUSD Bitcoin - Spread Double Top Descending. This is currently an increasing probability. Dec. 13-16th is the time area where this will be determined. We would need to break the blue dotted trend line to further increase the odds of this senerio and probability solidification. While this scenario does have a likelihood of breaking the current...
Sell Entry 20955.50 Tp1. 20566.50 Tp2. 20315.80 Tp3. 19755.50 Its gonna fall that it has completed head and shoulders and its forming a double top
DAX - Where to next? Here is a technical view of DAX - a break to either direction. Keep in mind we do have FOMC next week, which should shift markets either direction! Have a great weekend. TJ
The USDCHF price is in Daily Resistance Level & BEARISH RISING WEDGE Pattern🧐 the key level is broken 🔥 so! i predict a bearish move 📉 i'm waiting for a pullback 📈 TARGET: 0.97593🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The CADCHF price is in Daily Resistance Level & Bearish Triple Top Pattern🧐 the neckline is broken 🔥 so! i predict a bearish move 📉 TARGET: 0.71560 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
I think these are nice possible short trades on hourly. The first one I see is price pullback to around ~1356 and I set stop loss of 1.25% for this, this is a bit risky and can be tighter but I'm ok with entering with small position here. I'm looking for first TP around ~1325, which is one of the target I got from this fib. The second one I see is possible...
GBPAUD has broken the ascending trendline suggesting continuation of the bearish retracement towards the support. The bearish move is solidified by the double top and bearish divergence on H4 tf.
GU looks to have made a skew double top on the daily time frame on a resistance zone, and on the EMA resistance, I still think that we will sell this pair as I said yesterday. They came to look for stop losses, but painted a better picture by doing so, confirming a strong resistance 1.13272. I am in a sell from 1.11972 from last night. So will see how the rest of...
Hi traders, EURUSD is setting up for a upside possible move i am expecting from price to hold the bottom and looking price action for a long position opportunity. Trade with your according strategy GOOD LUCK.
As you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance. The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the...
GJ has formed a double top structure on the 1hr chart at resistance @ 168.580. If the current stick closes red we going down. Confirming the earlier analysis of 4hr double top and retest under resistance. Just observe the trade and see. Price always returns to the 200ema(white), lets test the theory, maybe today or tomorrow we should get there P.S GJ is Bae
The GBPCAD price is in Daily Resistance Level & Double TOP Pattern🧐 the neckline is broken & Retested 🔥 so! i predict a bearish move 📉 TARGET: 1.46886 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/NZD Sell. Enjoy the day all. Cheers. Jim