EUR/USD 1HR TimeFrame Double Top with Tweezer Top great confirmation for selling Technical analysis on resistance
Hello fellow traders! Today, I would like to share an exciting trading opportunity that has emerged on the GBP/JPY currency pair. Through careful analysis of the 1-hour chart, I have identified a bullish trend, supported by a significant technical pattern. Trade Plan: Entries: Buy at 181.441 & 181.443 Stop Loss: 180.214 Take Profit 1 (1:1 Risk-Reward Ratio):...
How to trade tweezer tops with entries and stop levels.
I have been noting how over bought gold is for sometime, I think we finally got that blow off top that we needed before going short. I expect this 3 day candle to set near or below the current price unless we get crazy adverse fundamentals. If we set a tweezer top, this will be short term bearish. Not financial advice, DYOR.
Bullish Indications (BIASED: LONG) 1. Higher Highs and Lows 2. Tweezer Bottom is found on Green Support Line 3. Price gives significance of 0.236 fib level as well as Higher TF Support 4. GBP Index is Bullish & DXY is Bearish 5. The previous 3 December was bullish 6. Bullish Divergence on 1H and 2H TF Bearish Indications 1. Break Trendline 2. Red candle is...
Bullish Indications 1. Higher Highs and Lows 2. Tweezer Bottom and Bullish Engulfing on HL 3. Break 0.5 fib support level 4. Break Upper Resistance Trendline 5. Formation of Bullish Flag 6.12 out of 16 years December remains bullish 7. Trend is not mature enough to make it a reversal Seasonal Data for the Past 15-16 Years Dec-06 => Green Dec-07 => Green Dec-08 =>...
With FOMC uncertainty coming up this week, and the indices hitting into near term trendline resistence, some volatility will not be surprising in the next few days. Among the 3 indices, DJI has been the strongest of late. On the monthly timeframe, we can see a few rather bullish signs: 1. a "tweezer bottoms" 2. bullish engulfing candlestick 3. bullish...
hey guys STAR HEALTH stock was moving in a pattern called TRIANGLE PATTERN this stock has tried to cross this pattern but it has failed everytime , But now I think that this stock will break this pattern BECAUSE 1. A TWEEZERS FORMATION 2. 20 DAY EMA IS ABOVE THE 50 DAY EMA 3. A BIG GREEN CANDLE IS MADE due to these reasons , this stock is good for...
Our SHORT PROJECTION has ended with a deep 78.6% Retracement. With the New Month. We are looking to LONG the Pair. Looking for best entry most likely coming week. We have Tweezer and Doji on MN.
Both the S&P500 and Nasdaq100 have formed bullish "tweezers" on their monthly chart. While the S&P has stopped short at a potential resistance around 4170, NQ however has surpassed it's near term resistance of 13000. Hence NQ's original resistance (12900-13000) is now potentially a "support" zone. The odds have increased that we are no long in a "bear market...
I posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish). The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach...
We have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap;...
The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick. Both the tweezer candlestick make almost or the same high. Example on this chart APE/USDT
Gann Support: 0.37/0.34 | Resistance 0.40|0.43 Current price near the resistance. Target price after break the resistance is 0.43. Tweezers bottom pattern form last week which indicates possibility of bullish trend. Based on MACD analysis, buy before or on overlapping of the two lines. Analysis based on my hope only. No need to trust this analysis.
This analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a...
TU | Thailand SET Index | Food Sector | Chart Pattern & Price Action Trading Descending Triangle Breakout with Bearish Tweezer Top Candlestick pattern - Wait for Entry @ Pullback at retest position Double Bottom & Top RSI strong bullish signal MACD about to cross the baseline 0 Trade with affordable risk ratio 3:1 Always respect your stop-loss Good Luck DP
Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance...
1. Tweezer bottoms 2. Bullish engulfing ( Only body have engulfed)