CADCHF ...daily view..bouncing off top of descending channle with daily suuply zone with formation of double top for short position up to next demand zone.
Doubble
XAUUSDLooking at this W formation I believe the market will reach this particular TP and during that zone continue to the downside.
Link to related idea:
GOLD - Time to shortHello everyone, We have finally reached out final destination of gold. Right now we have peaked through our previous high, but it could be a regular price spike, just to trigger stoploss and go down. You can short gold now and put stoploss above the current high. We have huge divergence and last time we were at this price of gold, we fell for one month with a few hundred dollars, so I expect the same.
Doubble possible scenarios for btc, H&S or Doubble BottomShort and Concise
First scenario- BTC next target is 4400 USD, then a retrace to 3700 usd (which is also fib 61.8), from there btc might go up to 4400 usd to form a head & shoulder pattern(reverse pattern). If btc breaks above 4400 usd with volume then next target is the strong resistance at 6000 USD(blue trendline).
Second scenario- BTC will fail to break above head & shoulder pattern, a possible target might be then the big support at 3180 USD(blue line) to form a doubble bottom. From there we could see a rally to 6000 USD.
Bitcoin, doubble bottom?We still have to wait for the market to make a decision. At the moment there are few lines in play.
We have the yellow trendlines and also an accumulation zone between the two horizontal white lines.
Wait for the price to move, the market has not made a decision yet.
Cheers,
Flaw7ess
