Solid gains last week on the most recent minor bull run. Based on the weekly close...I cashed out. Start of a new week. Candles showing tweezer tops on the 1D TF. Short order(s) placed. Sitting in FIAT on the sidelines for now. It is what it is. All thoughts, comments and constructive criticism will be accepted. Go well. (-_-)
Candle Pattern: tweezer tops Trend: down Trend Entry: with TP/SL Ratio Target: 1 to 1 Target TP PIPs: 10 SL PIPS: 10 Fib Entry: .236 Fib TP: 1.618 Stochastic: short strength Inside EMA/SMA zone: no BB: middle band Notes: breaish engulfing around fib .236 and price respecting middle band in down trend stochastic showing strength to the down side.
tweezer tops formed in retracement of downtrend looking for 1 to 1 ratio TP
JNUG may be in a weekly downtrend, but there is a promising bullish buying opportunity today. We saw the daily 100 EMA act as resistance in October, but in late December,JNUG breached both the 50 EMA and the 100 EMA without a significant pullback. It printed a bearish tweezer top last week, leading to a failed re-test of the 100 EMA in after hours trading last...
Hi traders, At previous resistance we just got a tweezer top following by a bearish engulfing candle. A very good opportunity to go short once you see some pull back. Lets hope for a nice bearish move. Like and Follow for more of my analysis. GOOD LUCK!!
Daily double top with daily tweezer rejection. First target being daily 49EMA and based on momentum two thing could happen: 1.Price could smash right through the daily EMA and continue with the overextended bearish momentum. 2. Weekly double bottom could play out and price could reject daily 49EMA forming HL giving potential long position.
Daily break and retest of the 1.415 zone forming daily Head and Shoulder pattern. Daily closed as Lower High with daily tweezer tops rejecting key resistive zone.
Charts quite messy. Trade down to new lows. Looking to enter after a more apparent breakout. May take profit 80 pips in.
Short positions only now for this pair. Confluences Weekly Bearish Pin Bar H4 50% retracement H4 Tweezer Tops H4 MA Cross H4 Trendline Bounce H4 Inside Bar Rejection Uptrend Trendline Break & Retest
New Zealand dollar has produced a tweezer top reversal pattern. Friday's rejection of higher prices suggests a lower price Monday. The USD has produced an evening star doji, which might produce one more push up to finalize that last shoulder of the H&D and then head down. NZD also produced a evening start reversal Tuesday indicating a reversal on Thursday.
On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give...
Price is reaching the 2/3 portion of the descending triangle formed by a long term resistance line and a recently tested support line at 100.060. Tweezer tops have formed, and I predict price will break through this support and continue in the direction of the long term trend.
I copied the following idea; and justify with my own strategy. PLS DO NOT FOLLOW IT BLINDLY! Price below the upper trend line of the channel. .382 retracement of down AB Swing StochRSI Over sold BEARISH TWEEZERS TOP
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
GBPJPY H4 chart shows a bearish tweezer top price action pattern. The RSI supports the bearish idea with closing back below 50. S/L is placed just above previous candle's high. Target is daily pivot line around 163.60.