As we can currently see on the above given set we have a clear double top(1.20839 zone) structure which is also accompanied buy a break of the initial upward trend direction(1.20025) with very strong Bearish Momentum. Looking at our first zone of interest to be around (1.17989-1.17164) as out take profits to see whether will there be a continuation of the Double top
It may be a double top after failing to pass the resistance of $ 30, a slight correction is likely, the price is still somewhat extended and detached from its lower frequency moving average.
Double bottom trade is going the right way. MACD crossed up and RSI is over 50.
Gap up, trendline break Possible double bottom WR Crossed -80 OBV>OBV34 Entry 1.5 Stop 1.3 Target 3.0 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost. I created some tradingview scripts to improve my...
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Follow up on #AUDNZD possible double top at structure level waiting for a retracement to decide if I want to get in a short trade if the price did not reach 1.07200 level first. i will monitor the price if it reached 1.07200 level as this might...
Price broke trend line and is consolidating within the zone. waiting for breakout for confirmation and retest to confirm down trend
Gold respects resistance once again around (1795), -Gold Going Down-
Price forming double top plus daily resistance and reject by trend line, price currently break trend line. Enter at your own risk
Hi Friends, This is my analysis on USDJPY. Reference: My previous idea on USDJPY
Just a short term trade idea. Let's see if we can learn something from the markets today.
As we know that the double top pattern require a neck line break to achieve, so after breaking the neck line the price keeps going down to the support line where the up trend was started, so i think that the pattern did his job, so i expect that buyers will push up the price at this support zone and will go up to the resistance zone that appears in the chart .
Hello Dear Traders, As we know Entire Crypto Market again Crashed to its Solid Demand Zone. BTC tested 29k Area after 5 months, as expected btc bounced frm 30k area and we seen rapid buying pressure frm bulls. On daily timeframe we can see good amount of buying pressure. In 8 days we are going to see Monthly candle closing and obviously its going to close strong...
Right now on the daily chart for AMZN we are looking at a triple top (if we hit the higher green line) or just a lot of trending to the upside at the moment. It will be very hard to value AMZN any higher right now based on the technical. As the US economy continues to open up more people will be out shopping (bad for amzn) shopping local to support local...
Hey Guys This is pretty simple .... Found myself in a wrong Sell last week .....so hopefully thing will fix my problems lol
I'm starting to really like NAKD for a revival play after a significant double bottom off the 200-day moving average around $0.48. There is now a clear defined risk-reward with a stop below the double bottom low. Technically price is showing signs of recovery with the 200-day moving average holding nicely resulting in a strong double bottom and higher lows since...
Binance coin As you see I have marked different spots both for sells and buys. it's about how much risk you gonna take. every movement near support and resistance lines has to be checked out, suddenly bears wanna change direction but if you are a mid-term or long-term trader have not to think about it.
Entry missed by 8.8 pips on this sell analysis from last night. However, once I seen the double top formed making a level of resistance, I entered for a sell 1:3 risk/reward ratio.