Looking at a shorting opportunity on the infamous EURUSD after a recent break below/ close below of structure - one negative here are the big wicks from March 2020 bit altogether a nice setup.
today we want to share How we made 30% profit after the price created a double top on the daily timeframe. When the price satisfied our strategies we opened a short position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure ->...
hi everyone - haven't posted in a while but im back on the charts! looking over the pairs NZDCAD has caught my eye, after breaking an ascending structure on the daily sitting nicely in the amber zone. price shows a clear 'scoop' (double top) with an element of structure that can be seen approaching the value area on the 4H. i am looking for an entry in the green...
A trader on my social media is long NASDAQ:AAPL options as the charts begin to setup a potential Double Top with RSI overbought. The trader does not want to close their trade but feels the need to take some profit. In these situations I like to convert single directional options plays into a Calendar Spread or Diagonal Spread. In this video I use this real...
A member of my social media asked for a Technical Analysis of NYSE:PINS and the price action in that stock makes for a teachable moment in the current price action of BITFINEX:DOGEUSD . The key pattern to look for is the Double Top or break of the high! In this video I use NASDAQ:MSFT as an example of an instrument that breaks double top patterns to make new highs.
GBP_USD is trading near the resistance of the rising wedge on 3D chart And has established a double-top On the lower timeframe chart The confluence of these signals make me bearish on the pair And makes me believe a correction will happen soon With the target being the support of the wedge SHORT! Like and subscribe to never miss a new idea!
on DAILY: EURCAD is sitting around a resistance zone in red so we will be looking for objective sell setups on lower timeframes. on M30: EURCAD formed an objective trendline in red and a double top pattern, so we are waiting for a momentum candle close below its gray neckline to sell this one.
on DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then...
If you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Hey guys welcome back for some more chart analysis practice! I wanted to show you guys a very in-depth view on how I analyse the markets, particularly on the...
on H1: price formed a new swing around our red trendline and broke it upward, so we could have entered a buy. on DAILY: Currently, price is retesting a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective double top pattern and broke its neckline downward so we are currently...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Quick Technical Analyses trading pair USDMXN First Point theres a Hidden Divergence between price and the RSI (Green Lines) This is a Bullish Trend Second, ascending wedge is forming, another bullish pattern. Only Bearish pattern is the the double tops, which was my first thought going into the trade. My price target for next week is 24.5 pesos if the bullish...
Virgin Galactic going crazy
LINKUSD is looking like a good buy on this dip. we could be seeing further up side.
Hello everyone #Binance Coin did a #doubletop and is now #consolidating in an #equilibrium pattern. I would wait for a break of this double top for the best safest risk to reward, should be looking for a break sometime tonight or early morning.
Shorting based on on using the linear regression channel to establish value for money. The price was overbought on the daily and H4 (i.e. interacting with the upper linear regression channel). The previous two days candle have been toppy and interacted with previous support and resistance areas. This adds weight to the decision to short, as well as a reference...
Currently I've analyzed 4 potential scenarios on this pair. I believe at least one of these scenarios will play out