A triple top may be formed. A great short would come
USDCHF is at 78.6% gartley reversal level and could be a triple top here for safe entry short on breakout of neckline or possible retest
3 times price on this pair retested the resistance zone surrounding 0.96 seen above. The first time price reacted bearishly (the first top), however it did not go far down as it did previously (see 2015-12-29 date on chart). The second time price broke above the zone but then fell some - forming a second top and then going down to make a higher low. Then again,...
AUDJPY has a lot of shorting potential at the moment, however any position we are going to take needs to be confirmed due to the subjectivity of the trades on offer - meaning I am expecting an overall selling direction but there are more than a couple of things price can do first which can be seen on the chart. Sell any breakout as and when it occurs - this is...
A dreaded triple top? Entry alert on Tesla Motors. TSLA when the price break the triple top ... Please be careful, feelings and emotions in the market "An investment in knowledge pays the best interest" - Benjamin Franklin Stay tuned for more, visit: www.southment.com Sign up for The Big News
Hi Traders, I have been eyeing this setup for most of the week. There is a 2618 selling opportunity very close to market. This pair has made a triple top (see marked on chart), which is a sign that we may see a bearish reversal and downside continuation in the coming week. I have a position ready to sell at the 61.8% fibonacci retracement, it has extra...
This is my View for NZD/USD so far. This Pair is moving within an ascending Channel and formed a triple top. I'm waiting for a breakout to the downside and enter a short position after a confirmation. Trade safe, Daniel Likes and Comments would keep me motivated.
Hi guys, so we got another oil triple top. We should easily see 44 and below and even onwards of 40s (likely), what i would advise is enter a sell and switch to a 4hr Heikin grapgh to use to take profit, anyways enjoy and good luck.
Triple top, slide parallel of a median line and the 1.27 extention of a previous impulsive wave all meet in a level where price looks like is being rejected. A RSI beaish divergence shows that this upmove may have come to end. Like and follow for updates..
Price had a hard time making a HH for the week. The TDI has crossed upwards but seems to be lagging. Downside is upon us. On the 4H chart there are two key confluences to look to short this pair. 1. Triple Top 2. Divergence Support should be a good area where price will mee for the week. Trade safe!
Post RBA has left Aussie in a somewhat uncertain direction; whilst the 25bps cut last week should have seen us offered to at least the 0.74 low support level, instead weve seen persistent aussie bids, even despite the strong USD employment report and consequential increased rate hike odds. Much of this Aussie topside is a function of investors shifting macro...
Hi Guys, We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular...
TRIPLE TOP ON UDG HEALTHCARE SHOWING WEAKNESS WITH THE THIRD PEAK FAILING TO MAKE NEW HIGHS
USD/JPY CONSOLIDATION TRADE? USD/JPY TRIPLE TOP RESISTANCE AROUND 109.50 AREA GOOD RISK TO REWARD HERE TAKE PROFIT RIGHT AT 38.20% MAJOR STRUCTURE SUPPORT LINE STOPS ABOVE RED LINE