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Double Top

GBPJPY Analysis Welcome back! Here's an analysis of this pair! **GBPJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
BTC/USD: Double Top; bearish patternBitcoin developed a double top in this timeframe, but as the past analysis of Bitcoin, my prediction was perfect when I was in long posiiton around $43,800 USD, but I see a weak in the price and that, I decide to closed up my long position as I knew that Bitcoin could to drop to $42,800 USD, but Bitcoin drop more what I expecting. However, my prediction was very good. Now, we have this bearish pattern called double top that it's completely developing, but we need a confirmation of the neckline using price action. But I do not going to make any of this zone. Also, for reference, you can to use H1 as I see bullish divergence that could to be in H4 a confirmation that I need to entry in short using the price action. We wait that Bitcoin go back to $41,500 USD, I recommend to put an alarm in this zone to still pending.
COINBASE:BTCUSDShort
by harisonhbn9718
Was the ROKU sell-off predictable?I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year: and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next: Now, after the earnings, i see a retracement to the May 2019 level. Net Sales: $865.3 million vs. $894 million expected Diluted EPS: $0.18 vs. $0.05 expected For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.
NASDAQ:ROKUShort
by TopgOptions
1
EURUSD Double-top Is Approaching TargetHappy Valentines Day Traders! Today, we are on the EUR/USD pair. We are looking at the 4-Hour time frame. We are checking back in to see how our EURUSD Double-top trade has played out and we are approaching the target that was set up last week. Remember that we were waiting for the retrace into the neck zone. Well, let’s have a look at the chart. Notice how that retrace came in beautifully before creating that large impulsive bearish candle. We also have a strong bearish volume accompanying it. This volume added some confidence into the position as our entry was on the retrace. Is it too soon to take profits? Well, we always have to make sure that we stick to our strategy as trading is a numbers game. We have to think in probabilities. We can’t go and change every single trade based on how we are feeling. Emotions have a strange way of controlling us. So having said that, we have approached the price structure where the target lies. It’s not quite in there yet, however, if your stop loss was a bit tighter this could have easily been over 1/4 Risk/Reward. I am confident in my ability to wait as that bearish volume is suggesting to me that price still may have some way to fall in that area. Hope you all have a wonderful week and I will be seeing you all on the next one!
Short
by TheVortexTrader