Double Bottom PatternDaily Chart
Forming Double Pattern
You may choose take long position now
If Resistance is broken price may jump higher OR
Price may come down to form double top
Double
USDJPY / 4HR / BAT PATTERN (Waiting for DB)After our previous 3 winners on this pair, we can now see that
Price Action has dropped into our Buy Zone.
This is the area I want to pay attention to the market and wait
for a Double Bottom, for added confirmation to place my Trade.
PAIR: USD/JPY
TTF: 4HR
TRADE: BAT PATTERN
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
GBPUSD Double bottom + reversal candleDouble bottom formed at key area meaning possible reversal
reversal candle formed at second bounce with confirmation
holding SL below Support for reassurance
currently long for long-term trade
next key area at 1.287
price rejected from 1.210 few times
CADJPY Double top at key areaDouble top forming at potential trend peak, meaning potential reversal
If price breaks below 86.2 and retraces, short trade in action.
Possible long term down move to 82.1
USDJPY / 4HR / BAT PATTERN *Waiting for DB @ D-Point*PAIR: USD/JPY
TTF: 4HR
TRADE: BAT PATTERN
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
CADCHF Double Bottom at daily structureHey guys,
i'm not trading until the new year but i want to give you some educational content.
On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level.
The break and close above make me think the trend has changed and i think we may see another upmove.
As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level.
Usually i enter this kind of trade only with the confirmation given by an engulfing candle.
I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy.
If you have any questions, ask below.
Otherwise, see you in the next chart!
USDJPY: Bullish Bat FormationThe pair has formed a double top and did not make higher highs on the H4. If price reach the .88 fibs we will have a bat completion to continue the uptrend.
AUDUSD LongHoping to jump into a long position if price pulls back into the trigger my point at around 0.74790
The Dax makes a mockery of its previous range #daxThe previous range that held price so tightly for nearly a month has been humiliated by both a break lower (which was rejected) and quickly followed by a break higher, making a mockery of the previous buy and sell zones. Price is too high to jump in now, so traders will be looking to find some sort of balance point to go long
NZDUSD / 1HR / CTT (Double Top)PAIR: NZD/USD
TTF: 1HR
TRADE: COUNTER TREND TRADE (Wait for Double Top)
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
SHORT USDCAD test 1.35600 double top short if correct to 1.34Short based on some maths and pattern formation,
Double Bottom with engulfing kicker at daily resistanceHi guys,
here on EURBGP we started our analysis on the daily chart, in there you can see that we are heading downward for a few days without even the tiniest retracement. In RSI we are deep oversold and so we expect some kind of a bigger retracement coming. So we point out the daily resistance level that may provide some support.
Tha black line means this, we are now right at previous resistance and we put a double bottom with rsi divergence and with an engulfing kicker.
That's all i need to enter the market; i'll wait a little retracement then i'm entering long.
I'll let you know how it will evolve.
Best of luck traders!
GBPCHF Double Bottom at previous supportHi guys,
today gaps have ruined lots of opportunities for my trading strategies, but here in gbpchf we have a nice double bottom (with RSI divergence) at a previous higher timeframe support.
According to my rules, if the current candle closes engulfing we are going to enter the market with two positions, one with a risk to reward of 1 and another with target set at higher timeframe structure level.
I'll let you know how it develops.
Double Bottom at previous ResistanceHi traders, today in my morning analysis i've spot this opportunity in AUDJPY. My analysis starts from higher timeframe. In this case we are sitting in a previous 4HR resistance that could become support. The trend is our friend and we want to hop on that as soon as it gives us a reason for entry.
So here we have a double bottom in 1HR with an engulfing candle (marked with the arrow).
In addition, we are also near to an even handle number (79,00) that usually makes the markets react and we can see RSI divergence.
My levels are:
Entry: 79.09s
Stop loss: 78,69s
Target1: 79,48s
Target2: to be evaluated
Hope you understand my reasons, for any question don't hesitate to ask.
See you soon!
usdmxn short second trysecond short try for usd mxn ....forming double top with rsi divergence could lead to a nice short move after trendline and Little Support break...
USD/CAD - LONG?USD/CAD - A lot of confluences to see a bullish continuation upon a successful breakout of around the 1.32400 level. Bullish engulfing candle on the daily time frame too, i will wait for a break and close above the resistance area on the daily TF before going long.
eur audmaybe we can get ready for a short after confirmed break of trendline....divergence in play and forming double top
double bottom on audchfI have seen this double bottom. we are on a support, with divergence boh on a RSI and CCI.
stop loss and take profit on the chart
NZDJPY Double Topdouble top formed on the 4h chart , harami candel stick formed giving confirmation on a trend reversal.
Quick short and a long afterWe can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545).
I will setup the second one as pending and good until the end of the day as i am not sure what the market will look like tomorrow and the long maybe kind of going too far.
