Gold is coming off of lower low after lower low on all major timeframes so its not surprise that my first bias is bearish. However, when it comes to intraday trading, momentum is important for swings in the market and the difference between volatility or consolidation while profits float. I'm going to take this opportunity to buy gold if a structural higher high...
Hello Traders👋🏻 The AUDCHF Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔ The Price Failed To Create New Higher High📈 Currently, AUDCHF Formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, AUDCHF Can Continue The Bearish Move 📉 ----- TARGET 1: 0.59582🎯 TARGET 2: 0.59020🎯 ___________ if you...
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
My November 1st post of a double-top is becoming more and more likely, but the overall environment does not favor a strong stock market. Strong Summer and Sept/Oct meltdown? Yeah, probably...
By March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation....
Bullish if we break out of the "Pattern Resistance" $318.28 range. (Double top) Pullback if we break and hold under minor support, projected support found at $305.50 range should we breakout of the Symmetrical Triangle pattern. Earnings may disrupt market structure, pre-market analysis will be crucial.
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
KMDUSDT is in strong bullish momentum. After taping the previous currently it is retracing to very important Fib level. Will it continue its bullish behavior from current level?
Super simple / quick post. Bitcoin dominance had a confirmed double top, and now may or may not confirm a double bottom. If it does, it will likely move up to resistance and then back down before deciding to break through resistance or support. Otherwise, it may just lose support
NASDAQ look for double top before a major correction? A Major correction in NASDAQ is on the table.
Hello Traders👋🏻 The NZDCAD Price Reached a Supply Zone ✔️ The Price Failed To Create New Higher High and formed a Double TOP Pattern ✔️ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, NZDCAD Can Continue The Bearish Move 📉 ----- TARGET 1: 0.83490🎯 TARGET 2: 0.82851🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
We might see price drop once it reaches to the next resistance possibly making a huge downside move.
I enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next...
Last Week, I mentioned my plan to await a suitable shorting opportunity on the EURUSD, owing to the retest of resistance with RSI divergence. As anticipated, this move resulted in a total profit of 205 pips (equivalent to 2,050 USD/lot) based on the difference between the opening and closing prices. My strategy for this week remains unchanged, and I am still on...
Another Double Top! Extension down to the lower trend line and then recovery just above where the head of a inverted H&S pattern would complete if we assume that the right shoulder is forming Short term daily bearish
Potential for a double top on this 4Hr chart Works nicely with the top of this channel that is more evident on other timeframes Bearish pattern
Double Top within a down channel This will likely lead to extended downfalls if the channel does not provide support Double tops are a bearish pattern