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
A Double Top pattern idea showing the downfall of price following the bearish double top This has been seen in one of the past peaks for XRD A larger broadening structure can also be sketched
The top down analysis begins with last month forming an indecision month while approaching a neckline. The weekly is at a high which is a great time time to short especially since price formed a Weekly bearish engulfing followed but a doji for the re-test. Price has ceased forming Daily higher highs and instead my 8 exponential moving average has crossed to the...
Similar pattern to LTC, except a lot more room to move down. Something to keep an eye on if we loose support may be time fill the gap as we see BTC retrace deeper.
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...
Previously posted about Ethereum repeating the same pattern it made to get here (on a smaller scale - see related chart linked below). Assuming we hold above approx $1935, we can see a 1.5x measured move to around $4440 ending in August, or $4740 ending around October this year. If we happen to get back to previous ATH sooner than that, Ethereum could move...
hello guys... as you can see the BTC formed a double top pattern and the target of this pattern is on the green area. also, the green area is a fantastic area for getting the long position because of the QML pattern. both position's targets have been shown on the chart but if you have a question I am pleased to help you. _______________________________...
This looks like a shortable double top on ULTA Beauty. Stop loss: 565usd Take Profit: 515usd 200 Moving Average: 441usd Looking forward to read your opinion about it.
If the neckline breaks and the price stabilizes below it, we can enter into a sale transaction
Hey Traders👋🏻 The CADCHF Price Reached a Strong Resistance Line ✔ Currently, CADCHF formed a Rising Wedge ✔ The Price Failed To Create New Higher High 📈 The Support Line of the wedge is Broken 🔥 If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉 ----- TARGET: 0.65354🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE...
last Friday USDJPY break through a main psychological level of 135 and now reach to the previous top. will USDJPY give some retracement room for another bullish attempt?
EURCHF touched the descending trend line, formed a double top there, therefore a further fall to lower levels is expected. D1: Good trading! If you find it useful, like, follow, share!
Hello Traders👋🏻 On The Daily Time Frame, The USDCHF Price Reached a Supply Zone (0.89761-0.89878) ✔ The Price Failed To Create New Higher High 📈 Currently, USDCHF formed a Double Top Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone USDCHF Can Continue The Bearish Move 📉 ----- TARGET: 0.88780🎯 ___________ if you agreed with this IDEA, please...