EURNZD has been descending inside a channel and has now given us a double top in a key zone. The MACD is giving us confirmation with hidden divergence signalling a continuation followed by double top exaggerated divergence. I would love to see a retest with price action confirmation to enter the trade.no retest no trade. Take profits are set to fib extension levels.
Double Top chart pattern performed in daily chart.
Placing a short entry with risk/reward ratio 1.88
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It seems like a potential for a double top pattern on USOIL, the pattern will be completed only if the price will breakout the support below, if that happened I'll look for a price action setup for sell position, also, if the price will break the support below, it indicates the price tends to reach the demand at the bottom, this demand will be my target for the...
The AUDCAD is currently trading between an ascending wedge which is a reversal signal into a sell. Traders can look for sell positions (entry orders) from the top level of resistance at roughly 0.9577 to get a better entry.
Stop losses set above the resistance level.
Over a longer term view you can see resistance at 0.9577 will also be the cap of the negative trend line.
dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.
formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.
now just wait and sell the breakout of the wedge with you targets based on...
#POWR/USD price setting higher support level signaling an upcoming bullish momentum in the short term for the energy blockchain token. The price set a new support level at $0.11334278 USD and crossed the upper support level at $0.11450243 USD. The Stochastic oscillator is currently in the oversold region (19.02) signalling a short bullish trend on the POWR/USD...
Step #1: Identify the Phase of the Market. The Double Top reversal needs an uptrend.
Just because you can spot the double top reversal it doesn’t mean you have to jump in willy-nilly. Remember, we need the right context and everything needs to line up for a good double top reversal.
So, the first step is to identify the phase or the market condition. At any given...
welcome to another free signal!
Important: Market still a MESS. make sure to reduce your risk as good as possible!
Sell-Stop : 4043,3
Target 1: 3944,9
Target 2: 3922,7
Targt 3: 116.495
LEAVE A LIKE AND A COMMENT - I appreciate every support!...
Here we have an opportunity to short GBPCAD at the break of the rising channel.
Bearish Signals: Double top, RSI divergence, 1.272 fib extension confluence with channel support and structure (look left!)