H&S on 4h 1h and 30m great way to start the new year with nice profits! Enjoy!
I'm looking at a possible triple top on EURAUD on the 3D time frame. I do this because I'm looking for position and then to trail down on a lower time frame. There is some weakening of the 3D time frame trend and the critical zone at the peak probably creates a greater probability for the south.
In the last 4 months the price of GBPCAD found a heavy resistance in area between 1.73000 - 1.71800. Now the price is getting into that area again and that suggests that the price might bounce of this area again. Combined with a Triple top and bearish crab, this should be a great risk to win Short trade.
Hi pros! Triple top and broke of the trendline tomorrow potential pullback
The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it...
Little bit of different setup this time. I see it as potential double or even triple top with decreasing highers as the sign of potential trend reversal and rally down. The fact that it is third top is little bit diminishing the risk/rewards ratio, therefore I will adjust and close the trade in the first signs of incorrect judgement. Also it could very easily...
The US dollar is reversing earlier gains against the Japanese yen currency, following a dovish speech from Federal Reserve Chair Jerome Powell on Wednesday. The USDJPY pair was rejected from key trendline resistance, at 114.02, creating a bearish triple-top pattern formation. A strong move below the 113.15 level may spark technical selling towards rising trendline...
We see that the NZD/USD has completed a Bearish Crab Pattern on the hourly chart. ' RSI Divergence points towards potential reversal Triple Top confirms upper resistance Possible Short trade at .684 resistance level
GBPCAD Trading Bias: Short Technical Strategy: Triple top in resistance channel + RSI divergence. *WAIT FOR STRONG BEAR CANDLE ON 4H OR A SHORT SIGNAL ON LOWER TIMEFRAME*
Tripe top on H1 if current candlestick closes bearish Head and shoulders on H4/D1 where price is currently retesting the neckline 31.8 fib correction complete and confluence with my daily support now resistance of 1.7933 Bear market since mid October Target 90 pips with 45 pips stop (1:2 risk/reward)
Panic abated somewhat, still chance for another selloff around elections this week, expect explosion after, or just straight into next leg up. Tentatively looks like we might have an Elliott wave 1 past week, with a 2 on Friday, might sell a bit more Mon/Tues; if it plays out, then 3 will be magnificent. Bull isn't done running yet, but 2019 will likely bring...
Beautiful Triple Top Forming, respecting the 130 Limit demand price, looking forward to a pullback.
Over the next weeks or months I predict the price of Middleby (MIDD) could drop lower, following the confirmation of a possible double top or triple top pattern. Target: 96 Stop: 120 Like the idea if you agree and let me know what you think in the comments.
USDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Approaching Double Top Resistance to create Triple Top - Stochastic Overbought momentum (Weekly and Daily Charts) Look for ST trendline break in the internal triangle to get further confirmation as currently, the market situation is very volatile. Suggested Trade: Entry @ Area of Interest...
Let's see this time... :) -- TP1: 1221 TP2: 1208 --
It looks like a triple top is forming and we are in for a nice short. Price could head a bit higher but there is a large divergence between price and the RSI. Price will likely fall to .9924 at the Volume point of control. If price pushes through this point it will like likely fall farther. Enter around .9996, Place stop at 1.00735 and target at .96629. Manage...
EURAUD Timeframe: H4 Direction: Short Cofluences: - Triple Top Resistance - H4 Short Term Trendline Broken - Crossover of 8EMA and 50EMA Trade Suggestion: Entry @ 1.6220 SL: 1.6375 TP1: 1.6013 TP 2:1.5886 Risk : -152 pips Reward: +334 pips Risk/Reward: 1:2.20 May the pips move in our favour! Good luck! :D