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Tripletop

2X EJ 4HR Tech. Analysis!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. IF price bounces off support area @137.900 area then we will see price consolidate until another breakout! The Long-Term trend is BULLISH. The Short-Term trend is Bearish.
by twotimezinvestments
BTC SHORT Scalping 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 situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Short
by CryptoTraderRetired
GBPJPY on a triple top 🦐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 nice short order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
EURCAD | NEw perspectiveIf we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900 Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
AUDUSD | New perspective | Follow-up detailsThis is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), where we already have a counter-trend opportunity running with over 160pips (2 positions) in our favour. With the current consolidation pattern projecting a triple top look-a-like structure since yesterday morning, I am anticipating the confirmation of a reversal pattern in the form of a breakdown of structure to signal a bearish momentum right below the key level identified at $0.7000 ( a very strong psychological level). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
USDCHF WEEKLY: TARGET 0.9650 DONE, PSYCHOLOGICAL LEVEL 1.0000 ?USDCHF confirmed its medium term bullish by breaking its MA 200 Weekly & its Median Channel (from November 2020 to September 2021). As expected USDCHF Broke and held above 0.9547 and hit the target (0.9639 & 0.9650). Now, USDCHF is heading to Strong (Adjusted from Strongest) resistance at 0.9901, running above its Upper Channel. Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now). Failure at 0.9901 then Retest Support (former Resistance) 0.9650/39 ( its Median Channel) Next Support at 0.9547. Below 0.9470 potentially retest 0.9296. Below 0.9296 potentially retest 0.9091.
Long
by Wahyu_Luck
EURCAD | NEw perspectiveConsidering the long term bearish momentum coupled with a reversal set-up on the 1H time frame; It is advisable that we look out for selling opportunities at this juncture in the market. So with a key level identified at 1.355, we shall be using this level as a yardstick for our position. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
$SPY TRIPLE TOPNote of my overall sentiment of the market. It's going down. All the chop over the last year has made a (ugly ass) triple top. $SPY is just a few ticks away from reaching the neckline @ $415ish. I think one of two things will happen. 1. It will bounce maybe to the $420s to $430 and retrace back to the neckline then ultimately break the neckline 2. It will close with a full daily candle under the neckline before the week is up and head towards the price targets in green then the gap from 403.80 to 400 (blue lines) made back in April 2021. - Not financial advice
AMEX:SPYShort
by markbully
2
DYDXUSDT wants to retest the Weekly supportThe price is creating a descending channel on the daily timeframe . The price created a double bottom on the weekly support, 4.35$ on the 4h timeframe the price is creating another descending channel. How to approach? The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus the market is going to create a triple bottom, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
Mon 28th Mar 2022 NZD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. As you can see by al the lines and note son my chart, I have been busy on this pair. The main thing is that I am still in a partial Buy trade also, which gives me some protection. Enjoy the day all. Cheers. Jim
Short
by JAGfx