Wide Double Top with bar 1. Strong bear bar closing on its low. 50% point breakout.
Double top and another lower high double top on 4h chart. Reversal bar, with a tail on top, although bull body remained. Sellers created a strong momentum during the last 2 hours - if the current bar closes near its low, the reversal will be proved. Green line is a 1:1 target.
The price tested EMA above and reversed strongly from it. Bear flag and a strong bear bar on 4h. A 3-push wedge on Daily (see chart below).
Yet, the current point is a 50% pullback from the last bull trend and a test of the long-term trend line. I´m setting a tight stop just beyond the bear flag max and a respective small 1R target. Also staying short UCad at the...
USDJPY 60m. There is a Double Bottom now but the bearish move has already went much below 50%. Several bear spikes and failed bull attempts to go up on 60m. My target for a short here is the beginning of the prior bull channel and then a test of the longer-term trend line.
3-push Wedge and micro higher high Double Top Major Trend Reversal. Failed Breakout, couldn't go above the bull channel. That ended up as a bear bar closing on its min and leaving a decent tail on top.
UJ is within a bull channel that can be drawn differently than the one on the chart above: it has had 3 attempts to reverse, enough for bear scalps. I´m expecting a Double Top with Oct, 3 high.
What may cause doubt is that the bull channel looks like a 3-push wedge. If so, the orange trend line shows an end coming for the bulls. Besides, most bull channels end...
EURAUD returned to the mid of the channel after forming a double bottom. For now it remains within the channel while the bear pressure is still considerable. Micro double top when testing the channel´s mid. 4 consecutive bear bars closing on their lows.
NU broke out from the double bottom with 2 decent bear bars closing on their lows. Broad Bear Channel so a major pullback upwards from the current channel line is possible. If the bull pressure grows, I`ll close the trade immediately.
50% pullback from the previous major bull trend. Reversal bar with a long tail on top but a bull body. The first relatively big bear bar in recent 10+ bars closing on its bottom. 40% swing trade. R/R 2:1