Ger40 Dax Double Top, 2618 Short Setup. Support Resistance Change..
Traders, after a double bottom or a double top happens, what's your trade plan? Personally, I'm waiting for a pullback to 0.8926 for a buying opportunity.
A double-bottom pullback allows traders to engage in a buying opportunity. What is important to look out for is that the setup should never break and close below 137.68.
A Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom? Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup. Which do you prefer? Comment down below.
A 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone. As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
EURUSD on the 4-hourly chart has an Ascending Triangle. On the 1-hourly chart, there is a double top and you can wait for the market to retrace back to 1.1451 for a shorting opportunity. The first target will be at its immediate low at 1.1402 and the second target will be shared with the inner-circle.
If you are a Double Top trader, you would know that it is not about the strategy but where it was formed. One of the struggles that traders have is, "Where is the end of the Double Top Pattern?" There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete. Yeap, "Wait for it!!" You can then look for a...
If you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level. The market sort of did a rebound after it "woke up" from the ungodly hour. Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn...
A Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off. For conservative traders could be waiting for a double top retracement to the 61.8%...
A Bullish Flag may just form up on the AUDCAD 1-hourly chart. The 15minutes chart may provide a possibility of a 61.8% retracement after the double bottom has formed. Although with the current candlestick formation, it is unlikely for a retracement to happen, if it does it will give me a better fill. The current entry gives you a 1.4:1 Reward:Risk, if a...
The Daily Chart(higher timeframe), is on a bullish trend setup. I'm waiting for a double bottom retracement 1.3649-1.3613 for a trend trading opportunity. I will discard this trading idea when the candle breaks and closes below 1.3587
A double top pull back that potentially can be a bearish Gartley Pattern is resting on the previous structure that build a stronger case for a counter-trend trading opportunity at 0.9380.
If you have missed the Bearish Shark setup which completes at 1.2260 that I've shared on 16 May 2021; short on Parallel Channel at 1.2190 that I've posted on 6 Jun 2021; you probably won't want to miss to short within the range of 1.2150-2.2159 or at 1.2167 on the 1hourly chart, that's the price range and it's potential for a pull-back. Click follow so you won't...
If you have missed the buying opportunity on GBPUSD, here there is another opportunity for you, a retest after the market has double-bottomed and retraces to 1.4127-1.4108 range for a buying opportunity.
I've engaged a long trade after the double bottom retracement on the M15 chart. Target 1 will be on the previous high that gives a healthy reward is to risk ratio.
This is a countertrend setup based on a double top formation coupled with a 50-61.80% retracement of the rejection leg down. The probability works against fading setups but the RR is prioritised for its clear risk profile. The details of the trade are highlighted in the chart. Drop a line in the comments section if there's anything to be added or discussed.
Hello everyone. We are waiting to the price to reach where we want. Good luck,