EURUSD LOOKS LIKE A BULLISH TREND IS STARTEDAs a trending line has been acting as support for a long time and continuously rejecting the price, again, the Price comes in the same support area where the rejection of the Price is possible.
Double Top or Bottom
Alikze »» SEI | Double top - 1D🔍 Technical analysis: Double top formation in the supply area
- It is moving in an ascending channel in the daily time frame.
- The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling.
- Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range.
- If it encounters demand in the green box area, it can have a return to the blue box area.
💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist.
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BINANCE:SEIUSDT
MUGHAL, Double Bottom with Bullish DivergenceTrendline Retest
Double Bottom Formation
Bullish Divergence
Bullish Moment Expected
Strict Stoploss @ 75
Initial Target 100
AIRLINKDivergence appeared
Double top Formation
Divergence in Volumes
Insider Selling by top Management
Possible Bearish
Neckline break will confirm bearish trend
Bitcoin - DOUBLE TOP Weekly TimeframeA Double top in the weekly timeframe is never a good sigh - however, all is not yet lost.
One final pattern remains to be seen - and that is the Bump and Run method. Perhaps we can bump that diagonal support around 65k, retest the bulls' determination - and then make the final impulse wave up.
There is a fakeout observed on Dogecoin as well, and alts that have increased alongside BTC over the past week will likely fall pretty hard IF Bitcoin cannot keep closing ABOVE 65K.
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BINANCE:BTCUSDT
EURAUD: Too Overbought Now?! 🇪🇺 🇦🇺
EURAUD looks overbought after a test of a wide daily resistance cluster.
As a confirmation, the price broke a support line of a rising channel
and a neckline of a double top pattern.
I anticipate a retracement at least to 1.6286.
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EURUSD TREND BASE SALE EURUSD BUY
ENTRY 1.08217
SL 1.0840
TP 1.0763
The daily market trend is bearish, forming lower lows (LL) and lower highs (LH). On October 22, it broke the support level, created a new low, and is now retesting that support, which is being viewed as resistance after the breakdown.
In the 1-hour timeframe, the market has formed a double-top trading pattern. The pattern's neckline broke to the downside with the start of the London session. A trade was taken on the retest of the neckline
CADJPY: Breakout Confirms Bullish Momentum, Targeting 114.00The Canadian dollar is strengthening against the Japanese yen, fueled by rising oil prices. As a major oil exporter, Canada benefits from the current bullish trend in the oil market, while Japan, a major importer, faces higher costs. This positive correlation between oil and CADJPY is evident in the recent price action. A double bottom pattern has been broken, signaling further upside potential with a target of 114.00.
US CRUDE OIL (WTI): Time to SellI spotted a potential short trading opportunity on 📉USOIL. The price has formed a double top pattern after reaching a significant daily/intraday resistance level.
Currently, there is a breakout of the neckline of this pattern. It is likely that the price will decrease to the 68.98 level.
GBPCAD is Ready foe big FallAs we are looking at an uptrend move and the market is running in between two trend lines which are acting as support and resistance, Now the price is at its higher high level where a rejection is started as bears are gaining strength against bulls.
EURGBPRejection from 8 year weekly support level
Doubble bottom formation
Bullish Divergence
Bullish Stance
waiting for previous LH to break for Entry
EURUSD - Liq Sweep and Double Top FormationFrom a technical perspective, EURUSD is under the formation of a Double Top pattern.
EURUSD faced resistance at 1.12000 levels and we can see that the liquidity sweep is completed in the pair.
I'm expecting EURUSD to turn bearish in the coming days and the targets are marked in the chart.
Good Luck with your trading plans!
GBPCHF: Bullish Movement After News 🇬🇧🇨🇭
The release of the morning's UK fundamentals looks very bullish for GBPCHF.
The price nicely respected an intraday horizontal support
and formed a double bottom pattern on that.
The closest strong resistance is a falling trend line on an hourly,
with a high probability, it will be reached soon.
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SILVER BUY XAGUSD(SILVER) BUY
ENTRY 33.79
SL 33.37
TP 34.29 , 34.46, 34.73 AND 34.84
The market trend is highly bullish, having made an all-time high over the last 10 years. This week, it broke its last resistance to the upside and is now retesting that resistance, which has turned into support after the breakout.
On the 1-hour chart, the market has formed a double bottom pattern, and the neckline of the pattern has been broken to the upside. We will take the trade on the retest
Just in caseI'm accumulating this, I feel a hard corrections is coming. If it drops I'll buy more. I need some hedge on my portfolio.
OCTAOcta is currently following a strong bullish trend. The opportunity it represents cannot be quantified theoretically, but as investors, we could set goals to take profits or simply follow the trend until it ends.
Currently, we have a double bottom at the Fibo 0.78 level on the weekly chart, which still needs to be confirmed. This zone represents a potential support that could push the price of the asset to new highs.
However, there is a risk of a wick reaching the previous low of this bullish trend. Therefore, we will observe the weekly close this week and examine the detailed daily reactions to make a decision on this asset.
Remember that, regardless of your decision to enter this bullish movement, it’s essential to set a stop-loss below the previous low to effectively protect your capital.
EURUSDBullish divergence
reversal expected from strong support zone
can target 38% to 50% fib levels
Looking goodBullish flag after a double bottom. The breakout can happen at any time soon. My SL is relative, actually if the pair drop to the bottom of the flag I'll buy more.
SOL Breakout on the Horizon!SOL has been flashing some strong bullish signals lately. It formed a reverse head and shoulders pattern in August, with a classic cup and handle within. Then, in early October, a double bottom formed on the right shoulder of the reverse head and shoulders. Now, with candlesticks looking to break out of a bullish wedge, all signs point toward a potential breakout. The technicals are aligning, and significant gains are on the horizon.
NZDUSD TF TRADEThe market's daily trend is bearish, and yesterday, it made a new low after breaking the last support. Now, it is retesting that support, which we will view as resistance.
1-hour timeframe: The market has formed a double top pattern, and the neckline has broken to the downside. We have taken the trade on the retest.
Entry 0.60515
Sl 0.6070
Tp 0.6023
GBP USD Trade Setup 4 hour timeframe On the 4 hour timeframe GBP USD has formed a Double Bottom Pattern, followed by multiple doji candles with a strong bullish candle closing above it.
This pattern was formed on the Daily support level.
HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe!
Double Bottom Pattern Formation in NSE:HAL !
Neckline Breakout in HAL!
Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer:
Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
