Hello traders. EURJPY formed a double top at multiyear High levels. However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers. I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the...
FTM has confirmed a double top pattern, but that being said i don't expect it to break past the neckline. There is a chance that the yellow trendline will hold, but this is dependent on market conditions which are a bit shaky at the moment factoring in BTC and overall tech market. I do expect FTM to recover quickly after this correction, once again factoring in...
Expecting a short position following a double top reversal formation on BTC.
-Price is in an overall bearish trend -Currently on the 4hr and lower TFs it appears that price is consolidating. -Expecting price to form a candlestick reversal pattern and retrace to test the 50.0--61.8 fib level. -Price also formed sort of a double top and broke below, a retracement to the previously stated levels, would also serve as test of the...
The price break through the upper parallel line, wasn't expecting that; however the price didn't made another higher high and formed double top pattern. Indicating bearish movement next week. Going short again now seems promising. #OnlyAnIdea.
Bearish pennant with double top pattern. Still negative on the macd. Idea down target will be 0.426. Will short it if it breaks the lower accending support. ADA 1H
XAUUSD a.k.a Gold. Monthly TF. Double top pattern. Breakdown the neck line. Going to the next support around 1375.
Double top pattern has formed on XAUUSD... a good bearish move can be caught on it...
Ethereum has formed a double top pattern... good move can be caught on it... guys keep an eye on it...
Welcome back! Let me know your thoughts in the comments! **EURCAD - 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 straight to your...
btcusd wait for rejection sir , if rejection, trading plan double top is good
We see higher lows since mid may and in recent weeks some consolidation in the $18-$20 range. Price recently tested short term support at 17.95 and rebounded testing the .61 fibonacci level. Several bullish signals: 1. MACD cross 2. D+ crossing D- on the ADX 3. On balance volume confirming price The most recent candle made a potential double top so I would...
#XAUUSD 5m - 📌The entry point confirmation for me would be *W-M patterns, engulfing or Pin Bar Candlestick Pattern* on 5-15 min timeframe. Creeping trend - collecting liquidity. I think we will go down very fast.
Lotta folks sayin 'the bottom is in!' 'buy now!' get in before it's too late!' IMO it's still too early to ride this bronco. Double top pattern appears before capitulation. Next week could be a real rough ride. Triple witching OPEX this Friday. Indicators say SELL. I wouldn't take any longs yet. Rather miss the bus than get run over. I'm just funny that way. GLTA
BNB waiting to break or touch it's previous lower low at 183 Confluences: Chart pattern, double top 3 red candles ma 200 tp and exit at 209, 110%
took this double top entry on the 1H chart, key structures taken from the 4H timeframe. I tend to look for at least a 2:1 risk reward. FX:AUDUSD
GMT is forming a double top pattern. If you are intend to trade this pattern, the first take profit target is around $0.56-0.55, And the more optimistic one near $0.44.
Double Top Patterns Support - Resisdance Global risks is increasing If I take a short position, I've to be stop at 23500