The GBPUSD currency pair has established a distinctive double top pattern, coupled with a discernible bearish divergence, as observed on the 1-hour timeframe. This confluence of technical indicators suggests a potential forthcoming downward movement. Our strategy involves initiating a trade position when the neckline of the double top formation is breached to the downside.
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** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The price createad a W pattern on 4h Timeframe inside an ascending channel, and now the price is testing the 4h support above the daily structure.
the market could retest the W neckline
How to approach it?
IF and ONLY IF the price is going to lose support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure ->...
So a couple months back a colleague and I joked about how technically, BTC's price should see some kind of huge pullback and retest its neckline area. With how much crypto has grown in previous years and seeing what kind of potentials it has moving forward, it was just kind of hard to believe that price would ever have that drastic of a pullback.
Well here we...
Weekly
Price found support and has been consolidating after a long downtrend.
The previous weekly candlestick was a large bullish candle, which showed there was a significant amount of bullish pressure.
Daily
Price appear to have found support and formed a double bottom, which is a bullish candlestick pattern.
After the formation of the double...
Expecting some bullish pressure of the EURO.
Price made a bearish fall but ultimately respected the monthly trend line.
Price then formed a double bottom (which is a bullish candlestick pattern)
There was also bullish divergence confirming that price was ready to make a push to the upside.
I am looking to enter a long positon, once price make a retracement...
Neo seems to be preparing for next bullish move, after a clear retest of the iHnS neckline!
Also, we can see that 100EMA is supporting it so even more reason to enter a swing trade now.
Current Price= 39.780
Buy Entry= 39.752 - 39.152
Take Profit= 48.981 | 64.997 | 99.482
Stop Loss= 34.689
Risk/Reward= 1:2 | 1:5.36 | 1:12.6
Expected Profit= +48.30% | +129.50% |...
STORJUSDT waiting for a pullback after the price had a breakout downward.
If The price flip the neckline as resistance, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure ->...
Good entry point on COMP as it reached the neckline of the W pattern as shown on the chart. There is a good pump potential in this scenario.
Entry: 105-110
TP: 120-130-150
Stop: 96.2
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XMRUSDT is testing a neckline of head and shoulder created on monthly resistance.
the price bounce on weekly trendline and on 0.5 fibonacci Level.
IF The price will break the neckline we can see a new impulse, otherwise the price could retest the weekly trendline.
According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in...
SHORT POSITION - DOUBLE TOP FORMED WITH BROKEN NECKLINE CONFIRMATION. CURRENTLY RETESTING THE NECKLINE, LOOKING FOR THE SUDDEN DROP DOWN TO 0.64190 LEVELS.
