Hey gang! Found quite a high probability Double Top right here on the Daily Chart! 1.46664 Major Resistance level has held and a bearish bar has come! What influenced my decision: 1) Weekly chart shows a downtrend I will only take trades that follow the general trend. 2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart...
Hey guys! Its been a while :) found a double top pattern on the NZDUSD yet again! Trade below the neckline! Don't sell before it! Let me know what you think! Good luck everyone! :)
Ghartly Patter with RSI Divergence and Double Top
There it is, breaking the resistance line a bull double top breakout.
Previous pattern, Inverted Head and Shoulder, breakout was diverted by strong resistance around 36.70. Since the previous pattern busted, price has been coming down fast, we've already broke below the neckline support and are heading towards the previous low where the Head of the Inverted H&S stood at 27.85. Double Bottom Possibility To characterize as a...
Hey guys! NZDUSD has been retracing and it has retested a big trendline's resistance and the Double Top pattern that I found a few days earlier! This means it might be a good short should it rebound! Currently waiting for the 4H candlestick to show a rebound before I enter! Good luck guys! For those wanting to see the retracement happening on the Hourly chart:
Beautiful Double Top at a major resistance level 0.70530 successful! Recommended to wait for a retracement before entering! Good luck guys! May the pips be with you! :)
Following on from my Doubel bottom idea on the 4 hr charts we have now formed a double top after the impulse leg Im already short on this pair but this for me is some further confirmation that we could see a drop before a further rise
GBPUSD has pulled back to a nice level of previous structure. Look left on the chart and you will see that the market has respected the 1.4450-1.4500 zone on multiple occasions over the last month. I am looking for buying opportunities in this zone, in particular, looking for a double bottom to form on the hourly timeframe for an entry. If that trade setup plays...
Possible double top formed / forming on around previous levels of ressistance Couple of areas I will be watching
EURUSD currently offered a nice chance for a 2618 Trad e, which basically is a return into the 61,8 % Retracement after a double top like shown in the chart. The first Target would be the recent lows at 1.1218's. We also have a nice gartley pattern as a potential buying opportunity at 1.1170's. STAY IN THAT OPPORTUNITY FLOW! Website: www.ogtpartners.com...
this corrective pattern looks like a double combination. Momentum is shifting from down to upside. i will buy if it breaks above d wave of triangle.
i will be looking for buy opportunities next week the overall trend is downside, but it seems that this correction phase is about to end with a double combination structure ending with triangle and MACD divergence tells that upside momentum is increasing. because its a counter trend trade, and the movement to upside will be another correction phase, we have to...
Compound corrective combination expanded to two ABC's, flat and triangle as a final actionary pattern. Leg Y is comprised of a minimum of two structures of which the first one is ABC and the latter one is a triangle. Buy now sell between 0.027 and 0.028. Triangle as a final pattern predicts a powerful up movement.
PA is at a pivotal level. A clear break and close below 154.75 gives a strong sell signal. A bounce here to back above 155.75 could signal a reversal and the start of the final leg up of what could then become a double bottom with the neckline at about 164 and a completion of this pattern at around 171 - 172. To support this long position we have the stoch and RSI...
Hi there, We have a very clean 2618 setup formed on the Kiwi. Price is currently 20 pips away from the trade entry point, 0.69150. I trade 2618 setups on the H1 timeframe aggressively and have already placed a pending sell limit at this level. Remember, only trade what is in your plan, and if you don't have one, please do yourself a favour and get one before...