GBPUSD SHORT SetupIf price struggles to break 1.298 resistance look at going short after price breaks the Bullish channel
Further confirmation will be a Head and Shoulders pattern.
Tripletop
Gap Still Needs To Be Filled on EURUSDWe recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the next round of French elections will trigger a drop in EURUSD, filling the gap. This trade has a great risk reward ratio, and comes after multiple retests of the highs. Entry at 1.0910. Stops above 1.0950. Targets at 1.0850's, 1.0775, and 1.0730.
United Continental triple top sigalling a further drop?United Continental Update
A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the 38% retracement (~$62), line 2 (~$60) and the 50% retracement (~$57.50)
NZDCAD Short Weekly Quad Top Weekly quad top false breakout to the upside. Daily head and shoulder pattern leading to LL and LH confirming weekly trend change.
AUD/USD Short Weekly Triple TopWeekly triple top leading to brake below weekly and daily 49EMA. Range play down to previous structure.
short opportunity in eur gbpSimple. The price reached an important level 0.85817, it touched it 3 times forming a 3 top. The shadows and the smallness of the candles indicates that it's difficult at the moment for the price passing that level. This triple top is not very beauty but we have RSi suggesting a divergence, volume increase at the trendline breakout and at the end the trendline breakout. we can't predict the future, we only can be in the present moment
Palladium forming Bullish CypherJune Palladium is forming a bullish Cypher as it looks like we may see a triple top progression higher. RSI broke last week and Open Interest is starting to rise again. Next upside target 798 resistance and triple top, with target 804 forming 113% FIB. If fail, this might turn to bullish Gartley.
#HINDALCO #TRIPLETOP #RISINGTL #COUNTERTRADENSE:HINDALCO made triple top at 200
Looks good to go counter trend at 194 pre empting failure of pattern reversal for target of 188-180
can use Resistance TL as stop
Risk trader can add more short once TL break
AUDUSD Cypher bearish | Triple TopAnother opportunity for short, SL and TP on chart.
As far all the Cypher patterns I have posted the last year reached their targets..
USD/CAD Moving Towards Triple TopPair is Slightly Moving upwards after re-enter in the channel. Now its time to Looking for Sell Setup on Strong Supply Zone (TripleTop Area)
Possible Targets are Mentioned on Chart behalf of Fib Levels
THANX for Support . Good Luck and Happy Trading
AUDNZD Head and Shoulders w a Cherry on TopIf you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h.
On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700.
Now, we can see that the neckline was broken in the last couple 4h candles. Price will not significantly move until Tyo session, and then will be drastically impacted by Trump's speech to congress.
Overall, this is a short position that I am still holding, and will be looking to add to during London.
Palladium Bullish FlagPalladium created a bullish flag today and bounced off trend. Could triple top, which might indicate a continuation. Long term outlook could be 816.8 for Cypher C position. Cypher extension into the 840 range.
AUDNZD 30m Reversal at Major Daily Resistance ZoneAUDNZD has a major resistance at the 1.0750 area, and it has broken a support trendline after testing 1.0750.
You can also say that a triple top has formed on the chart, with a slightly strange support (neckline), but nothing in the forex market is like they say it is in the textbooks.
Eur/Yen Short triple topTriple touch at the top. Resistance at 121.000 right now, waiting for break downwards.
USD/CAD broke support and retested broken supportUSD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade.
I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily.
Hope this is beneficial and everyone hear that is trading, trade safely guys (y)
AUDUSD Triplet Top Patternpossible pullback ,
For the moment we are waiting for confirmation.
be careful traders!
our sl and tp
As you can see:
SL:0.76495
TP:0.75596
GBPCAD 4h Short off Broken Support TrendlineSupport TL broken during a strong bearish move by the GBP today
Also looks like a triple top on the 1h chart.
Price may retest broken support Tl as resistance, and likely go down from there
Lean HogsApril Lean Hogs is fighting lower prices. The last 3 days were crazy. We may continue uptrend on Monday as Feb Lean Hog (see below) has created a Harami pattern suggesting higher prices. The USDA index for Lean Hog is 68.11 area and has been rising. If we get a triple top, we may be looking at even higher prices. Next USDA index comes out at 8:45 Chicago time. This market is also under the 20 day moving average.
USDCAD 1H Triple Top/Head & ShouldersOn the 1H chart we have a pretty nice formation, whatever you want to call it, they both mean the same thing.
It signifies that the trend is coming to an end.
Most importantly is the third impulse - third top or the second shoulder - and that it is the lowest of the three.
To me, that shows that bulls are slowing down and bears are entering the market.
Bearish AUDUSDon the 240 time frame there is a wedge pattern an this can possibly break to the downside becasue RSI is showing divergence whilst the market showing a upward moving wedge this can led to the market falling
Engulfing kicker at daily resistanceHey guys,
today i want to share a traditional structure based trade that's on my watchlist today. On the left hand side of the chart you can see on NZDUSD we are fronting a key resistance level that may stop price action's rally. If you follow me for a while you know i'm a conservative trader and that i need additional reasons for entry in order to set my orders.
On the 4 hr chart (on the right hand side) you can see a closer look to the last price action's movements. Price's forming a triple top right now with RSI divergence. From my bigger view i know i want to be bearish and then i'm considering only shorting opportunities.
Price is also putting an engulfing kicker which i sometimes use as reason for entry. And that's the case!
If the current candle will close below the previous opening i'm going to sell this. With targets and stops as indicated above.
Let me know if you have any doubt.
Otherwise, see you in the next chart!
