eurgbpshort idea on eur gbp...
if the double top holds we may see a nice short move here...
also rsi divergence which confirmes me...
Double
gbpusdpossible long opportunity ...
double bottom under construction...rsi divergence under construction
if the formation do nt break we could see a nice long move to "brexit gap"
gbp chflast but not least gbp chf shows the same "double bottom under construction pattern" as the most gbp pairs..
rsi divergence under construction as well..
if it can hold...trade it ..if not.. just wait ;-)
patience is the key
LONG : GBPJPY : 4HR DOUBLE BOTTOM #PIPCITYBITCH #FREEPIP$Double bottom on the 4hr, definitely looks like a zone on the weekly. Yen is falling. Look for a bounce and enter just as always. You're welcome. Again.
EURJPY Consolidating and showing opportunitiesAt this point it is interesting to see what the price will do and react accordingly.
AUDUSD short due to 4hr double top. Near end of 618 retracementNot only do we have a double top in effect on the 4hr chart, but we are hitting resistance as well on the daily chart. The USDollar also looks like its hitting support on the 4hr, so i'm looking for a rally there to confirm the drop on AU. The 618 fibonacci buy retracement on the 4hr also looks like its coming to an end. AKA our 5th leg of Elliot Wave.
eur cadsame set up as posted before but pointed out the double top...
our second chance after trendline break ...rsi still very nice divergence
Potential downtrend on the DAXAfter the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline.
Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for this week and wait until monday to trade again.
Eventually the referendum is helping to drop the price as I expect here but I think the risk is way to high to be stopped out in the next two days.
I wish everybody who is still trading good luck and nice profits.
Dennis
PS: I give no advice, I only share my opinion.
USDJPY double Bottom Weekly ChartStraight forward Double Bottom trade, previous area of support, we have rejected this area before
TCT Trade But Waiting for Double Bottom For Long Opportunity TCT Trade But Waiting for Double Bottom For Long Opportunity
Daily Support USDJPY Long on Double Top with RSI Divergence Daily Support USDJPY Long on Double Top with RSI Divergence
EURGBP: A Head and Shoulder's pattern AND a Double Top?!Hey guys! Found both a Head and Shoulders pattern and a Double Top Pattern here! This could mean a really good short in the market!
You guys can play it safe, and enter after the double top has broken through and retested the support ,or you can be more aggressive and just enter right now, since the Head and Shoulders pattern is having a retracement! ACT FAST! :)
Good luck guys! May the pips be with you!
GBPJPY: Double Top + Bearish Engulfing Combo!After last week's surprise drop in the GBPJPY for me, a new opportunity has opened up!
A double top has formed right about here! and the Weekly candle the previous week has closed, creating what seems to be a large Bearish Engulfing Pattern covering the previous 3 weeks!
Weekly Chart:
Furthermore, price on the Daily has rebounded off a major resistance, which would probably point towards a trend continuation.
Wait for the retest guys! Dont touch it till it does!
Good luck guys! May the pips be with you!
SPY Short IdeaThe set-up isn't there yet, but it may come soon and the success odds of at least a break even trade (setting stop to break even after price moves 1 or 2 stop levels in favor of the trade) are better than 1 to 1, IMO.
Stop above major resistance, targeting major support.
EURJPY Double Bottom Forming Daily If the Daily candle doesnt close lower I feel we will see a rise from these levels.
Previous area of Support and has risen from here before
GBPUSD: High Probability Double Top?Hey gang! Found quite a high probability Double Top right here on the Daily Chart!
1.46664 Major Resistance level has held and a bearish bar has come!
What influenced my decision:
1) Weekly chart shows a downtrend
I will only take trades that follow the general trend.
2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart (1.46664)
This represents a strong resistance level
3) Major Resistance level held at the same level, creating a double top formation.
NOTE:
Guys, please, wait for the price to break through the neckline first. Many traders always seem to trade before it breaks due to greed and end up losing.
A Double Top formation only has about a 35% chance to break through the neckline. When a Double Top breaks through, it results in a 73% success rate.
Which is better? I think its pretty obvious.
Good luck guys! May the pips be with you!
NZDUSD: Fresh Potential Double Top!Hey guys! Its been a while :) found a double top pattern on the NZDUSD yet again! Trade below the neckline! Don't sell before it!
Let me know what you think!
Good luck everyone! :)
