EURCHF - Intraday - Possible Double Top ReactionHere is a possible double top occurrence. This immediate resistance was tested Last Feb 21. When price reached this place it started a total sell-off bound to the major support. A further confirmation would somehow boost my confidence in entering this trade if the 4hr candle would close as a Doji.
Should this resistance stir a breakout. Its nearest resistance would be the DR1.
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Doubletoppattern
CANN/BTC: Double-Top Pattern. Downtrend: SELLCANNBTC is clearly trending downward. It looks like the market has found its peak and this is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower. For now, It seems like the market is looking to consolidate and build support around 0.00000599. Will it stand?
Wait and See!
GBPUSD SETUPPossible double top over this pair, that's my bias. It's in a down trend on the weekly and monthly chart which tells me that this upward movement was just a pullback, which ultimately leads me to believe this pair is still selling. However, i shall wait for price to break the trendline before i make any other move.