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Double Top or Bottom

EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart! After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows. -The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now. Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things: *23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below *38.2% Level sits right in the center of the Resistance Zone created from the March Highs *50% Level is at the Higher Low that was Broken to Confirm the Double Top I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down! Potential Set-Up: Sell Entry 1.09058 (23.6%) - 1.09647 (38.2%) SL - 1.10112 (50%) TP - 1.0665
Short
by Novi_Fibonacci
NZDUSD 4H long watchlistIt's a quiet week no trades yet, but that's a good thing. That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works. NZDUSD 4H long is on only thing that caught my attention and I will explain why. First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good. Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again. What's also really nice after the deep red candle we see some small indecision candles. The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter. If not I skip the trade with no problem :)
Long
by FX-Diaries
1
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement Resistance levels: 1.095, 1.100 Support levels: 1.089, 1.077 There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
10
EURAUD H4 Double Top: More Downside Ahead?EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair. This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively. What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
Short
by KinkiHuang
BTMM MODELThis is an example evaluation of BTMM model by Steve Maruo We see an asian range below 50 pips creating fake support and resistance lines we see london pumps above the channel and then price falls, when retail traders enters short position for zigzag trading they wipe out all of the stoplosses that are set by the book. They dump the price and as soon as New York starts we see volatile movements. there is the first leg of the W (double bottom ) evident on the chart. They are accumulating long traders to wipe out their stoplosses and then pump the price. However, if they cannot achieve to accumulate enough long trades, even after getting the stoplosses 50 pips below the recent low which is the first leg of the W pattern, then we expect vector 3 candle pattern downside. so watch out for the stoploss hunt and take position accordingly Technical nuances: asian range is less than 50 pips london pump is more than 50 pips above asian range there is a stoploss hunt before the dump dump consist of vector 3 candles
by mertenes3
"Top RWA Projects: MANTRA ($OM) Leads with 8620% Growth, BalanceRWA Projects to Watch: A Quick Breakdown 🔍 🔸 SEED_DONKEYDAN_MARKET_CAP:PENDLE : Up 576% this year, with a $689M market cap and FDV of $1.11B 🔸 LSE:ONDO : 362% gains, $1.04B market cap, but a high FDV of $7.49B 🔸 NASDAQ:OM : Leading with 8620% growth, $1.33B market cap, and an FDV of $1.39B While NASDAQ:OM shows the highest gains and growth potential, its FDV is closer to its market cap compared to the others, indicating a more balanced valuation. With more integrations and a Mainnet launch soon, it seems NASDAQ:OM might be just getting started. For Q4 2024 and long-term, NASDAQ:OM looks like the top pick in the #RWA space. #MANTRA #PENDLE #ONDO
Long
by joeroot15
U.S. Dollar / Japanese Yen (30MIN) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | 30 Minutes Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
Long
by P-Ment4U
2