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USDCAD, Two Possible Setups for LONG or SHORTSo I did publish an Analysis to the USDCAD a couple of days ago. It was based on Trendlines, Levels of SUP and RES, SMA 50/100/200 + some Fib Retracements. This is my previous Publication: LONG POSITION I think it could still be valid and a solid foundation to form a LONG Position, but Price actually formed some sort of Double Top (Level 1.34629) on the 4H Chart, which could also indicate a move in the opposite direction. New Publication SHORT POSITION I quickly drew the Double Top (Its a bit too early to 100% confirm) and some Levels of SUP/RES. So now we got two Potential Setups for a LONG or SHORT Position. Let`s wait if one of them plays out! If that's the case I will update with potential Entries, SL and TP Options.
by THE_NEPHILIM
UK100 Double Top On the UK100 1hr chart we can see a double top. I must say that this trade is for educational purposes since I don't spot this pattern that much. The RSI, Volume and Price is lower at the second top which means the interest is cooling down. The stop is placed at the last high or if you trade safe a little above. To get better at spotting this patterns I'm publishing it here so you and I can both look back at this trade the next time spotting this pattern. Thanks for reading and especially on this one I would appreciate some feedback! Wesley
FX:UK100Short
by W4DL
PT.Astra International,Tbk. Double Bottom DetectedHello Guys, been a long time i'm not charting because i'm in holidays. now i'm here today to show you guys how ASII stock will flow. as you can see on the chart, we've been double bottoming in recent 4H candles. i'm jumping in now on Rp. 7200 - 7250 area,waiting & swing the trade for a possibility the resistance breaking & start laddering profits on Rp. 7500 area. ASII has a good fundamentals too,with positive revenue released in recent weeks,it was the best revenue throughout history since 1957, up to 15% net profits compared to the same period in 2017 annual report. ps : always put stoploss in the support area,no doubt it can bleed too because of the china-US war trade sentiment. tab like buttons if you like my analysis :)
IDX:ASIIShort
by UnknownUnicorn2803452
USDTRY Double bottom, Part 2 In my previous analysis i showed a potential double bottom on the daily chart which has been playing out so far. The ideal entry, when the triangle would break on the low side, didn't happen. It simply broke upwards and continued the rally since. However, this rally has been very slow so far. It's not always bad, but at this point it needs to accelerate a big more. Like it has been doing the past week or so. Bulls need to show they want to attack the neckline of that double bottom (red zone on the left). So ideally we see a good move up this week, into the resistance zone and make a good bull flag there for a few days. If we see that happen, it will become more likely to see a continuation up for the coming few months. Previous analysis:
by botje11
7
Potential bearmarket adam & eve double bottom on totalmarketcapwe can see here how we have almost reach the first bullish breakout target on the total crypto market cap chart of the yellow 1 day falling wedge. we are now finding resistance right at the neckline of a potential adam and eve double bottom which is either a 1 day, 3 day, or weekly pattern. Considering we haven't yet hit the yellow falling wedge target and we still have a very long way to go if we are indeed triggering the much larger weekly falling wedge pattern, which it certainly looks like we will be, then we are very likely to trigger the adam and eve double bottom here as well which would essentially in my mind signal that the bottom was in back in december around 3.1k or so. Interestingly enough it was around this time last year that I was watching a fractal of a potential adam and eve double bottom on bitcoin. that fractal was very very similar to another smaller adam and eve double bottom that happened right before the major bull run so I was anticipating it would be what flipped us back into a bull market but that adam and eve double bottom did a fakeout right at its neckline then plummeted eventually dipping low enough to invalidate the pattern. We need to be prepared for a neckline fakeout here too but this time we have so many other bullish patterns converging and triggering at once that I think a fakeout is far far less likely and probability indeed favors a breakout.
CRYPTOCAP:TOTALLong
by DrDovetail
BTC finally surpasses 1day50ma…but finds a potential double top Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy up just above the double top zone. If I were to wait for a little while for a bounce I would definitely wanna exit if I see the price action fail to close above the 1 day 50 ma for 2 consecutive day candles. Just as I wouldn't wanna get too excited about being above the 1 day 50ma until we have closed at least 2 1 day candles above it as well. This idea will remain neutral but I will be keeping a very close eye out for any sort of confluence that validates the potential double top that we have shown here on this chart on the frosted pink horizontal trend line. If we can form a higher high here above the frosted pink trendline I will definitely be siding more with the bulls. Thanks for reading! *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
UK oil ShortThe position to be immediately executed is short UKOIL due to the fact it is trading near a previous resistance level which is seeming to be a good market structure level to enter from. The RSI again is not very helpful in conformation but the MA shows us that the price is trading above and therefore price could potentially need to let off steam before continuing up. In addition if we use the bodies of the candles focus of our analysis rather than the wicks it could be said that a double top is forming and for that reason we would want to set a TP near the region the price came from. The wicks can be used as SL areas to give a good Risk to Reward 3:1 in addition further moves south will be captured by the pending order which was placed earlier.
FX:UKOILShort
by failure1