***Took the position in the stock today!, with same RRR(Risk Reward Ratio) >The simple triangle pattern nothing much as you can see. >The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this. > The way the pattern respecting both EMA's is good . >Good formation of the...
As AUDNZD approaches a monthly resistance zone RSI shows bearish divergence on multiple scales from weekly to H4. It is forming on lower timeframe (H4) a triple top, we can sell after a big candle close below the neckline till the next support. Be careful, until the sell activation, AUDNZD can still be bullish breaking the resistance. Goodluck, Joe.
The USDJPY price is in Monthly Resistance Level and Bearish Triple Top Pattern 🧐 the Neckline is broken and Retested ✔ so, i predict a bearish move 📉 TARGET: 136.438 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Found a Tripe Top in the market on the 4 HR USDCAD with a sell entry to T/P of 9 pips and an S/L to entry of 32 Pips. For FMI (Forex Mastery Institute).
Quite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁). Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested. I believe we target the equal lows at the bottom of the bigger range next.
USDJPY has come back into this resistance zone for a third go around but not as furiously as before. Seems to be a Triple Top motion currently with RSI reaching to 70+. Could be a good quick 40-50 PIP trade to previous support and EMA levels.
So far, Dollar Index DXY was rejected from 109.20. REASONS TO REJECT BULLS: 1. LONG UPPER SHADOW CANDLE 2. TRIPLE TOP 3. FIBONACCI EXT. 61.8% While Below 109.20, then Potential To Retest 108.26, 107.37, 106.17. But, Break & Hold Above 109.20, then Bullish Continue, Potential To Target 110.53 & 112.23.
Knowing how the market is currently doing. How much longer will Apple be able to multiple earnings for investors ? Will inflation make IPhone users more likely to hold on to their 11's and 12's? I believe there is a relaxation point in Apples near future. Maybe it's not Apple it's just the rest of the market. They have a strong hold on data and the phone market...
U.S. Dollar/Canadian Dollar forming a possible triple top in formation that we could to take advantage to short, unfortunately, the price doesn't climb as I expect and maybe the price acton it's speaking that there're a weak in the price of bull and bear. We're in the descending channel, and this pull back it's look manipulated and false to climb, I'm shorting...
Short Call! OANDA:NZDJPY Hello! NZD/JPY has been in a good bear run after it got rejected by the Triple Top! Triple Top Neckline Broke! Best of Luck!
EURJPY is breaking out of a triangle on the MONTHLY. Price tested the break out area @133.250 on the (DAILY) & shot back up & to resistance @142.700 area. This seems to be a strong level of resistance due to the multiple failed attempts to break it. On the WKLY price formed a Inverse Hook pattern after it broke out, which explains the break/retest on the DAILY....
Hi Everyone *Triple top pattern possible move to the downside Going short! ALWAYS look for extra confirmation before making any trade. Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal...
3.24 R potential on this setup. Like and Subscribe.
Looking for SPY to enter green zone ($381.3 - $382). $384-$385 is looking to become the new resistance, this is where I entered. My contract expires 7/13, going to try and squeeze some profits tomorrow morning and take this to $382. Also seeing a rising wedge pattern along with a triple top, for those reasons I am strongly biased on Puts.
GBPJPY on the daily chart is trading near to the recent highs. The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week. How can i approach this scenario? I will wait for the EU market open and search for a break of the support. In that case, i ll be looking for the Plancton's strategy to set a...
Daily Chart Triple Top Formation. Reversal off 168 Resistance. Breakout Divergence on Flat bottom triangle. Retrace for a 2nd Retest On the triangle trendline (Retrace Target ranges).
GBPAUD has traded out of a major consolidation/accumulaltion period before dropping price and retesting the accumulation zone before a nice move to the downside. We will want to watch price make a lower low on the lower time frame and a minor pullback before getting into any shorts to the downside. I hope you guys have a good week ahead, as I personally am taking...
wait to broke a falling trend line at 1.34630 we wait a retest and take a buy postion ,The scenario differs in case closing a 4h candle below 1.33700 It will break the triple support