GBPUSD continued all the way higher towards the critical resistance area at 1.3360-80 which we believe for once more will hold, at least for today. We will test this scenario with SELL positions at 1.3355 and 1.3375. So our strategy is as follows: Entry1: SELL@1.3355 Entry2: SELL@ 1.3375 SL: 1.3396 TP 1: 1.3325 TP 2: 1.3332 (if both entries are filled)
After double top I expect back up to lower price, target 76.915
BINANCEUS:BTCUSD # Note: This is not financial advice, nor am I a financial advisor Looking at some broad market conditions: * Unwinding risk at EOY to close out gains at funds * Massively over-valued market run for equities and crypto * High levels of leverage across markets (dipping from crypto to equities and equities to crypto) * Covid uncertainty * Fed...
Hello, As you can see on the 4 hour chart, LUNA seems like it has another peak and approximately the height of the previous peak. It could possibly a double top pattern. Also the, in the chart, there is also a ascending broadening wedge. Normally, it appears on the market top, also most likely bearish. Lets say, if LUNA breaks through the neck line and completes...
ATH resistance zone now is major resistance here and also strong weekly supports are: A. 450$ that is 0.61% Fib B. 350$ C. 250$ daily strong support zone price can be range here until price break resistance or supports mentioned here. DISCLAIMER: ((trade based on your own decision )) <
Target Double Topped on Weekly timeframe. The price fell below the support level at 225. The long trend line was also broken. If Monday it closes below that level is a clear Short for me with SL set at 225. I offer 2 targets as TP: 1. Short term target set at Round number 200 2. Medium term set at around 167. If you like the idea, do not forget to support with...
Formation of a double top has made this crypto currency come down a long way, two red zones are marked as buy zones, you can place your buy orders there for higher prices. The chart still looks bearish, be careful. * this is not a financial advice *
Hello everyone, ADA went up by 10% yesterday but it is already showing resistance and signs of bearishness. Using the 1 hour time frame we can easily reconize a double top pattern which is going to push back the price to the $1.2 level. Have a nice trading week!
DYOR my chart is based on two possib outcomes look at it and let me know in the comments
Price reached for a double top within an ascending channel. Next was a bearish impulsive break;...waiting for a corrective structure in order to go short
Good morning, Yesterday I entered a sell on GBPUSD and I'd like to share my thought process before I entered this trade. On the higher timeframe we can see the Pound has been melting these past few weeks as a result of the FED starting their tapering process, concerns over the new Omicron variant, the BOE not looking to change their monetary policy after...
Bitcoin enters a period of consolidation with multiple swings in a trading range, and forming a Wyckoff Accumulation Pattern which should take us through at least early January 2022.
Background On May 1 Bitcoin had shot up to the 1.618 extension of XA and stalled there for a while and I posted my first log butterfly idea, which will be in the lined idea below. I was one of the first and few people warning that this price action was at a major target and we should be expecting a retrace. As part of my disaster scenario and personal...
✅AUD_USD has retested a horizontal resistance Then the pair established a double-top pattern And finally broke the local support level So I am bearish now and I think That the pair will go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
There is a possible double top emerging on bitcoin, will see how it works out. I think this idea has been starting to gain some momentum. But you never know how much money fed is dumping here on the market. Otherwise ETF has been built, it's just futures, but still. So the frontrunner momentum is probably running out.
Bearish impulse followed by a possible double top formation within a corrective structure.
SXOOF has retraced 50% after its rally where it double topped (11/18, 12/1). Price stopped at .29 which was a prior support level and the most recent made a bullish hammer coming out of a down trend. In addition we see a golden cross with RSI that is significantly lower than its recent highs. Looking for support at the .316 level and targeting the recent highs...
My personal opinion is that by the middle of 2022, Bitcoin might complete a double-top pattern going to lower levels than it is now. Neck with baseline on the $32K may serve as a rebound support line to recover a little bit before falling deeper (Path 2) or it may cross the neckline seeking an old support on the $10K (Path 1). I don't think it would be forming a...