Triple top formation signaling high resistance. After 3 pullbacks and rallies, we are expecting a downtrend.
After the peak low at 10.49, it has reached L3, which will produce a double top or W formation at the following resistance zone.
🔸 4H CHART EXPLANATION: . . 🔸 Price made an upside move. . 🔸 It is moving on an Ascending Channel, and now it is facing the confluence zone between the Resistance Zone and the upper trendline of the channel. . 🔸 We consider that it has potential to make a corrective move to the downside before another bullish impulse. . 🔸 Will look for a lower timeframe setup....
MATCH is at an attractive level for a short. BUT - be patient for a set up. - there has been signs of exhaustion, first on April 27, second on May 8, and third on may 22, however, - the first one has been reversed May 5 - the second one has been reversed on May 18 - and the third one has not been coupled with the RIGHT price action, and was above the...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Support Zone. . 🔸 In a lower timeframe, the Descending Trendline of the previous bearish impulse has been broken. . 🔸 We consider that it has potential to reach the Descending Trendline. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline after bouncing at a Daily Resistance. . 🔸 We consider it has potential to make a downside move towards the Support Zone at 0.8700. . 🔸 On a lower timeframe, there is a clear consolidation/corrective move. . 🔸 Will take a short trade based on that corrective pattern. 🔸 DAILY CHART ANALYSIS:
Waiting for retest off untested gained support. Stop at 10117 take profit at 10205/10220 Trade Save!
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸 It is moving on a Descending Channel. . 🔸 The bullish move is about to face the Descending Trendline, so, we consider two options here. In case that price breaks the zone, then it has potential to make a pullback to the broken Ascending Trendline, and, if price bounces at the zone, then...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Descending Wedge. . 🔸 It has been moving sideways for the last weeks, with no clear direction. . 🔸 Right now it has broken the structure, and it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
Bearish Crab! Giriş stop hedef grafik de
BITSTAMP:LTCUSD at a key resistance zone on the daily chart Trend: Bearish Enter SHORT @ 42.5 Stop Loss @ 49.5 Target 1 @ 32.5 Target 2 @ 28.5 Target 3 @ 22.25
Hi traders, I will be watching for shorts on Silver between $18.50 and $19.00. The reason for this is the institutional supply created on both the daily and monthly time frame. Best, Don Deesker
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Weekly Ascending Trendline. . 🔸 At this moment, it is facing the Descending Trendline. . 🔸 If price breaks to the upside, it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
Hypothetical scenario: (1) Entry @ 0.64415 (Sell LMT ) (2) Stop Loss @ 0.64620 | 20.5 pips (3) Target 1 @ 0.63710 | 70.5 pips - 75% closure - SL to Break-Even (4) Target 2 @ 0.63290 | 112.5 pips - 100% closure Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational...
GBPJPY Divergence Detected Head short 🔥🔥🔥🔥
Buy and Sell Zones Such a textbook move. Notice how it retested twice before going up. These are next stops whether we go down or up! Let's gett itttttt
🔸 DAILY CHART EXPLANATION: . 🔸 Price is on a clear uptrend. . 🔸 However, we observe that the actual trend is a corrective move of the previous downside move. . 🔸 At this moment price is facing the Resistance Zone, where we are waiting for a definition. . 🔸 Will look for a lower timeframe setup when the direction is clear. 🔸 4H CHART ANALYSIS: