Double Top
Possible double top on 200 and 800 ema resistanceWe could see a drop on gj from a strong double-top pattern at the resistance of the 2 strong emas.. If this is a fake move, it will testsupport again and go up, however if price does respect the pattern and resistance, we can go down more even to test the low of last week..We will wait for price to break the neckline of the structure before entries, if not stay out until the picture paints itselfmore clear.
Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs.
-GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement.
-Price formed a double top and broke below the neckline, ultimately creating a lower low.
-I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top.
Please Like, Follow, Comment. What is your analysis?
USDCAD Short Price Action IdeaHello Traders,
Took a short based on previous and current one pattern price action. If history creates similar consolidation i looking to add some more to position.
Thank You
Free daily tradeGold has not been able to break resistance zones as marked out yesterday..It is now forming a double top on the 1 hour chart for a strong sell. Wait for 1 hour stick to end bearish and we should see a good drop. Use risk management.
Follow me for more, boost if you like what you see
WATCH $PHMBearish
Price lost momentum
Double top
Head and shoulders
Retesting key level S/R
Lowers heads / lower lows
“Success is the sum of small efforts, repeated day in and day out.”
XRP///SHORT///DOUBLE TOPHi. XRP looks like is hitting double top.
SL and TP can be different, this is my personal trade set up... 3x leverage
GL
$SPY - Double Top - Great Reset - Stock Crash Ending 2030$SPY is going for a double top before crashing down to low 200's in the "Great Reset" lasting to 2030. Much like China's "Great Leap Forward" which was one of the largest disasters in history, after which a huge economic advancement was made for several decades. Following the "Great Reset" the United States will enter a period of massive prosperity where conservatism will reign. During this period, the United States will maintain supremacy of the global economy till the year 2100.
XAUUSD | Perspective for the new week | Follow-up detailsThis is a follow-up video to my previous analysis on the Gold metal as we were able to close our position on a positive note last week. Even though the price of Gold surged in the last four days of last week's trading session to reach a one-week high after a depressed September; I am of the opinion that a selling move might be setting up for the new week as the price continues to trade below the key level at $1,685.
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.
bts usdt double top pattern btc making double top pattern if breakout bear take control of the market
trade idea mentioned in chart
XAUUSD Double TopWe've a double top and in 1H and 4H tf seems the xauusd is being shorted, however we have a support created and a long body shadow, so we should wait to test the support or even cross the shadow to enter in a short position.
Since BB line are being shortene, together with EMA showing us a descent line
We can also watch the MACD crossing the 0,000
3 levels, as predicted last Wednasday, 1025pips laterAs said last week Wednesday the market moved up its 3 days or 3 levels from the midweek reversal. I am not 100% sure if GJ has made a full3 levels up, as we did not have aggressive movements which are usually evident in separating the levels. However, GJ has moved up over 1000 pips since my entry last week Wednesday, this morning during London session, a perfect sell setup formed with a double Top, and sold 197pips from my entry at 164.701. This could be the midweek reversal, where we go down a further 3 levels, or we can continue on a strong push-up to make a continuation. For now I am out of all trades, pending London session tomorrow.
Please boost and spread the name if you like what I do, let us see how many followers I can get for my analysis.
Remember GJ IS BAE!!
USDCAD, H4 - Double top - retest of necklinePrice is retesting neckline of double top pattern. We see rejection of this area. Possible some move down towards 1.3510. Trade carefully!
SHORT ON USD/CADPrice has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
USDCHF - RESISTANCE BECOMES SUPPORTthe USDCHF price breaks the daily Resistance level ,the old resistance becomes new support level ✔
the neckline of the double bottom is broken 🔥
so, i predict a bullish move 📈
TARGET: 1.00149🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURUSD JOURNAL FIRST WEEK OF OCTOBER Hey, this is some knowledge I learnt from the expert.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( Double Top ) at SNR and already make its neck. The price done breaking the neck line, and undergoes pullback.
But, if the price react with the parallel channel , price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
***INTRADAY SELL ***XAU/USD *****15MIN***45MIN** TIME FRAME*********SELL XAU/USD**** RISK : REWARD - 1:3********
XAU/USD SELL SETUP ON 15MIN TIME FRAME.
PRICE MAKES 🚨 🚨 🚨 🚨DOUBLE TOP AND HIGHER HIGH 🚨 🚨 🚨
WHERE RELATED TO AWESOME OSCILLATOR MAKES 🚨 🚨 🚨 🚨 HIGHER LOW... 🚨 🚨 🚨 🚨
SELL XAU/USD @1660. WITH SL OF @1666.50 🚨 🚨 🚨 OR U CAN WAIT FOR THE RETRACEMENT AS DRAWN ON THE CHART.
🚨 🚨 🚨 🚨1ST TARGET @1649 🚨 🚨 🚨 🚨 🚨
THEN DO TRAILING SL FOR 2ND TRGT @1641 🚨 🚨 🚨 🚨
XAU/USD SELL SETUP ON 15MIN TIME FRAME.
PRICE MAKES 🚨 🚨 🚨 🚨DOUBLE TOP AND HIGHER HIGH 🚨 🚨 🚨
WHERE RELATED TO AWESOME OSCILLATOR MAKES 🚨 🚨 🚨 🚨 HIGHER LOW... 🚨 🚨 🚨 🚨
SELL XAU/USD @1660. WITH SL OF @1666.50 🚨 🚨 🚨 OR U CAN WAIT FOR THE RETRACEMENT AS DRAWN ON THE CHART.
🚨 🚨 🚨 🚨1ST TARGET @1649 🚨 🚨 🚨 🚨 🚨
THEN DO TRAILING SL FOR 2ND TRGT @1641 🚨 🚨 🚨 🚨
**********************
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
Stock Market investments are subject to market risk.
GBPCHF - 2nd -Rejection on the Resistence
-Long Down Trend, testing resistence lower and lower with no break
-Hiting 2 resistence´s making a confluence
-Rsi Hiting the secont time the resistence on 64
Hey guys another one still small step gotta catch the wave le goo.
Sell
1.09826
Soploss: 1.10220
TP1-1.09520
TP2-1.09110
TP3-1.08620
EURUSD-Weekly Market Analysis-Oct22,Wk1The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
EURUSD - Potential Double TopA potential double-top setup is great for both counter-trend and trend traders to hop onto the trade.
The trade might not hit my final target taking level but there's a high chance for it to reach my risk-free zone before market close(finger-cross)
GBPUSD tottaly shortHello Traders!
Double Top Pattern.
Target on the chart.
TP1 - 1.0085.
Let`s see.
Good luck!
USDCHF, H4 - Retest of double top ahead?Price reacts on trendline and previous support level. Possible some bullish reaction towards neckline of double top pattern. Zone 0.9850-0.9870 seems to be interesting selling opportunity. Breaking trendline can cause further decline. Trade carefully!
USDCADHi traders, USDCAD is setting up for a breakout watch breakout and look for short term downside move only if breakout GOOD LUCK.
