EURAUD now formed a double top which means the currently uptrend will be changed to long term downtrend ,now they are sitting at 0.382 fib support and in my opinion from here will grow till 0.5 fib resistance which is 1.596 . If they can t break this resistance the price will go down and also this double top chart pattern will be confirmed
Entry in 1.596 with ...
1.9380 is the key resistance from the weekly chart.
A double top can be spotted on the Daily timeframe and the neckline of this double top was broken two days ago.
A strong breakout of the neckline + Pull back + 4hr Pin bar
My sell position :
** This is not a Buy/Sell recommendation **
** Please do your own duediligence **
EURUSD has been pretty ranging, in fact, it is moving into a sideway consolidation on the Daily Chart. Spotted a Counter Trend opportunity that leads up to buying opportunity once the final take profit level is achieved.
EURUSD will be in my radar till it broke the Daily Chart Consolidation
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A lot needs to happen this weekend.. BTC needs to break a major zone of resistance with a double top having formed. If it does not do that in the next few days than most likely it will have a correction with a negative 19.32% correction back down, which could finally put bitcoin at a final price of approximately $7,958...
3 Major targets identified on this ...
ARK/BTC is showing a clear double top reversal right now. notice the lower volume on the 2nd top. two target prices are labeled in the chart.
same thing happened with OmiseGo recently and this is how it played out, though there's no guarantee.
fundamentals of this coin are very promising, so it wouldn't be a bad idea to buy at one of these target prices.
OMGUSD is showing a fairly clear double top reversal to me right now. no guarantee, but I highly doubt in the shorter term that it will break the hard ceiling at ~$13.60. target prices are shown in the chart - first tp is the more obvious support level, second tp is a potential target based on the pattern projection.