GBP/AUD has seen a strong decline lately. However, today the pair has bounced from 1.74300 support line, forming a double bottom. Classically, double bottoms are bullish chart patterns, so that's where this idea is based on. I've marked two areas where I expect major bearish pressure to occur, Resistance 1 and Resistance 2. Do your own DD.
Welcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Litecoin. We were going to share a full video on the yearly analyses with you guys but our Mic. Broke down. we will try to educate you guys using a video as soon as we replaced our mic. This analyses is going to be the first in a series of 7...
SDC has seen a sharp dive since its IPO, and took another hit after the pandemic and the “news” claiming inefficacy. The chart has shown recent consolidation over the support line (which dates back over a year) and shows a wedge that is ready for a breakout.
Looks like we have a Double Top with a slight down trend on the 15 minute chart. If this is anything like the Thanksgiving Day Massacre, we're in for a sizeable retrace. Place your bets
So, its no secret that performance has been persistent over the last few months. Only up. Keep it up, push it up, buy it up. Think that's the top? wrong, buy it up. Steam always runs out, there is no such thing as perpetual motion however statistically speaking, we tend to feel as though movement is perpetual during parabolic change. That's why we use logarithmic...
As you can see, it retraced all the way to do a double bottom, as it has previously did on Oct 14, but respected the trend line on the day chart (Picture below)... Im going to ride it up to previous area of confluence.. This is a 1:1 Ratio trade... Lets see hit goes..
WINGBTC created a double bottom and now the price is testing daily resistance. IF the price will have a nice breakout, and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
So what do we have here? Double top + top of the channel + resistance level + overbought RSI. Set your buy orders at $100 levels.
this is my short idea in the next retracement.
GBPCHF at the 61.8 fib level on the weekly. This is also a strong resistance level, we can see it has been rejected multiple times. Daily: We can see a double top formation, it is clearer on the 4H. 4H: Price has been rejecting this region for 3 days
please look at my chart if you believe in the analysis take the trade at your own risk . Goodluck
EUR/USD formed a double top on the 4H chart, signalling a downward move in the foreseeable future. The most conservative target would be Support 1, with a R/R around one. Consider exiting part of the position around that area, since we might fall toward Support 2 if USD keeps gaining ground.
There's Double Buttom formation in the chart. I think from here it's gonna be long for sometime
Double Top forming on the 2h chart, lets see if this drops low, its also oversold etc which will help push it down.
Gold has formed a double bottom and price has retest the neckline. An impulse move should be expected. With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend.
En cycle haussier dans une tendance baissière majeur, il y a un double inside bar daily. Si le haut de la première inside bar est brise il y a de forte probabilité que le titre poursuivre son cycle.