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Double Top

USDCAD Idea 12/18/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD Price closed within the zone so there are two options on this pair. 1. Price goes back down and retest zone and drop 2. Price creates double bottom and goes up to the next major zone Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
CADJPY Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of CADJPY I am looking at two scenarios with CJ. 1. Price break below 99.800 and drop to the next area which is 98.000 2. Price retest current price and creates a double bottom and goes back up to 101.000 Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
NZDUSD Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of NZDUSD Price closed above this zone (0.63725), once the market is open today I will be waiting for a retest on the zone and see if any long positions open up if not, we can wait for price to break below and close underneath the zone and look for short positions Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
EURUSD Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURUSD I am looking at two options for this pair. 1. Waiting for price to retest minor zone 1.05950 and go long to 1.06800 2. Price break below and retest 1.05950 and drop to 1.04600 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
GBPJPY Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of GBPJPY I am looking at two options for this pair. 1. Looking for a retest on 167.900 and long 2. Price break below and retest 167.900 and look for sells to 167.000 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
2
EURNZD Idea 12/15/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am waiting for price to get to 1.68500 and once it gets there I will be looking at two options. 1. Price to retest 1.68500 and then drop to 1.66500 and look for buys to 1.70000 2. Price to break above and retest 1.68500 and go long from there to 1.70000 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
USDCAD Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD. I am currently waiting for price to either break above 1.36850 and retest and look for buys or it can also fail to break above and retest and drop. Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. USDCAD looks bullish on the weekly time frame so I can see price go and hit 1.38000 Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
EURUSD short Idea MOOLAH FORMATIONThe market moves up, the market moves down. If you are a naked trader, you will probably note that the turning points in the market coincide with the support and resistance zones. -If the market touches a zone twice in succession, it will often move away from the zone -Two touches on a zone from below suggests a market top -When the market makes lower highs, it will often continue downward -A bearish candlestick on a resistance zone suggests the market will trade lower -A Moolah trade is only valid if there are at least six candlesticks between the first and second touches.
Short
by EMkioko
NVDA: Back to a CRITICAL Support Level!• Since our previous analysis, NVDA did exactly what we expected it would, as it is correcting after touching a strong resistance level (link to my previous analysis is below this post, as usual); • NVDA did a Double Top chart pattern, which brought some correction; • Now NVDA is trading just around the dual-support area we mentioned in our last post (21 ema + purple trend line); • If NVDA reacts and closes above the 21 ema / purple line, then it might resume the bullish sentiment; • However, if it fails in reacting in this dual-support area, NVDA would reverse the mid-term bull trend, and the $150 would be the first support level on it; • Therefore, this support area is critical for NVDA; • It all depends on how it’ll react today. Either way, we’ll have our answer soon. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
6
AMD: Around a CRITICAL support area!• AMD is trading at a critical support level today, as we just hit the 38.2% Fibonacci’s Retracement + Red Line at $70.16 (previous bottom); • In addition, AMD lost the 21 ema, therefore, in order to avoid a bearish continuation sentiment, it must react as soon as possible above this key support; • If a bullish reaction materializes (there’s none so far), it would seek the next resistance around $79 again, possibly breaking it; • On the other hand, if it loses the critical support, the next target would be around $63 - $64 – The 61.8% retracement + Gap; • Usually, when AMD respects the first retracement but loses it in sequence, it ignores the 50% and seeks the 61.8% in one single movement; • Regardless of what happens, AMD looks quite good, as it has plenty upside/downside left. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1