EURUSD: Double top hunting?!EURUSD
Intraday - We look to Sell at 1.0582 (stop at 1.0632)
The medium term bias remains bearish. We look for a temporary move higher. Previous resistance located at 1.0600. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.0450 and 1.0400
Resistance: 1.0600 / 1.0785 / 1.1165
Support: 1.0450 / 1.0360 / 1.0200
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Double Top
Chainlink , Where do we go from here????Holding resistance as support @ $12 range. If this fails, It is possible to hit $7-$8 for support. Currently sitting at the bottom of the right shoulder. Could we have a nice W pattern setup? Can we recover to $30? Watch the current positioning, if this drops below $12.50 we can grab our scuba gear!!!
GBPAUD shortsGBPAUD has traded out of a major consolidation/accumulaltion period before dropping price and retesting the accumulation zone before a nice move to the downside. We will want to watch price make a lower low on the lower time frame and a minor pullback before getting into any shorts to the downside. I hope you guys have a good week ahead, as I personally am taking a FTMO challenge. Best of luck traders!
Thu 16th Jun 2022 EUR/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CHF Sell. Enjoy the day all. Cheers. Jim
USDT.D LOOKS BEARISH IN LTF! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update.
USDT Dominance looks bearish in 15 min time frame. Making double top and looks like it is ready to fall from here. So if USDT Dominance falls then we will see some bounce in BTC and Alts.
Support is at a 7.85 level. If it also breaks the 7.85 level then expect more bounce in BTC and Alts.
Invalidation level:- If any 15 min candle closes above the 8.34 level then this chart becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Wed 15th Jun 2022 CAD/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a CAD/CHF Sell. Enjoy the day all. Cheers. Jim
Drop to 13k in futureUnfortunately, in the monthly candle , the neckline of the double top is broken. And we see the third wave of Elliott.
In my opinion, we have a correction in the fall of the price, from support to the range of 30k$, which is a pullback to the neckline of the double top. This return creates a wave of 4 Elliotts and the last drop to 13k$, which is the most important support for Bitcoin.
In my opinion, the change of the trend starts from this point and the beginning of the downward trend takes about a year.
Short Opportunity on CADCHFPotential sell scenario on CADCHF
The Pair created a perfect double top Pattern on a daily timeframe and also created trendline resistance at around 0.78072.
I will be looking to take profit at around 0.75824, it might go down more
This is my analysis, please trade with care.
hello traders, let me know your thought on this
Fri 10th Jun 2022 AUD/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Sell. Enjoy the day all. Cheers. Jim
0706 4H PLAN GOLD keep down to breakout to test 1798-1811Hello traders,
GOLD is very bearish on 4h chart that it will very soon to breakout nearest support level 1828 and down to test 1811 first, 1798 after.
Plan you selling order based on the bearish double head with new swing after retesting the EMAS.
Good luck !
LESS IS MORE!
US30 ANALYSIS ON DAILY TIME FRAMEThe combination of Double Top/ Ascending Triangle is one of the best to spot, especially on US30.
So if we see a candle closing above the resistance we can take a buy and go for an ascending triangle.
And if the price breaks the trendline and and the potential neckline we go for a sell.
Simple and effective 👍💪
Comment your thoughts and follow for more ⚡
USDJPY-Weekly Market Analysis-Jun22,Wk2There is 2 trading opportunity, it depends on which camp you belong to. Counter-Trend Trader or Trend trader.
The Counter-Trend Trader could wait for a Double-Top setup within the Supply Zone(red box) with the RSI Divergence setup.
Trend Traders can wait for a Buying Opportunity at the Demand Zone(blue box).
There is still some time before the US Interest Rate Decision, it is likely to be 1 of the most volatile event that's going to happen on 16Jun, 2 am (GMT+8)
CADJPY double topThe price shows double top, which would indicate bearish momentum. The RSI shows that CADJPY is being overbought, which also indicates upcoming bearish momentum.
Bollinger band: bounced of the top of the Bollinger band, which also indicates upcoming bearish momentum.
Target:99.74
Entry: 102.55
S&L: 103.48
ETC double top#ETC/USDT
$ETC shaped double top pattern, and dropped to ascending support that is the same with neckline of double top.
🐻 if bears success to hold the resistance and break down from ascending support, price will drop as high as top to support zone between $19 and $17.5.
🐮 but if bulls overcome the battle and break out resistance zone and descending resistance, price will going to continue its rally.