This double top pattern has formed on the daily chart of the EUR/USD currency pair following an uptrend that lasted since the beginning of 2024. It can be used as a bearish breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height...
H1 - Bearish trend pattern followed by a pullback No opposite signs Until the two strong resistance zones hold my short term view remains bearish here.
Hello Traders ! On Tuesday 30 April, The EURCHF Reached The Resistance Level (0.98115 - 0.98420). The Price Formed a Rising Wedge Pattern. Currently, The Higher Low is Broken ! So, I Predict a Bearish Move 📉. ------------ TARGET: 0.97030🎯
I am going long on EURCHF after seeing a bullish pin bar form at support. Looking for bullish activity.
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURCHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens...
Intraday Bullish Bias: As we see here the price touched the zone and is supported by a rising trend line I expect the price to keep pushing higher towards (0.98115)
Analysis Week - 22 Apr 2024 Daily - Range Cloud (D) - Above Cloud Weekly - Range Cloud (W) - Inside Cloud Mid Term 20 x 50 D SMA - Above 50 x 200 D SMA - Above Long Term - Bullish Updated Dec 23 / Jan 24 Mar 24 - 0.9500 Dec 24 - 0.9900 Notes: >5y consecutive lows Target 2024 25 Mar 2024 <6M> - 1.0000 _______________________________________________________
The price moved out from the short term up trend channel bottom line and retracted, now, price is moving out from the short term up trend channel again. It could be the cypher pattern "C" point generated and will start the "CD" leg to South. SlowStoch and RSI are showing divergency in Daily time frame. There could be two take profit positions in previous support lines.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.97976 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.98340 Why we like it: There is a pullback resistance...
There was a break of structure on a daily so I will be taking entries on where price broke the structure
Making double top at daily chart here you can open short position
EUR-CHF is going up To retest the horizontal Resistance of 0.98360 And after the retest We will be expecting A local move down !
On the 4H is the pair bearish and this leg on the 1H might be a pullback. It looks like the pair has reached its top creating a divergence. There is a clear resistance turned support and I am waiting for it to be broken for the pair to continue lower. TP 1 --- 0.973 TP 2 --- 0.972
EURCHF is now in a bullish trend and here you can see the bullish divergence
Intraday Bullish: Price broke and closed above the horizontal structure on a 4H timeframe. And I expect the price to grow more towards 0.98115
We're looking towards a strong push to the downside...
- Long at retrace for approx 3:1 - weekly / Daily looks like toppish, but still in a bullish trend