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Double

Nearing Another Oversold Stage, Looking for EntryPrevious pattern, Inverted Head and Shoulder, breakout was diverted by strong resistance around 36.70. Since the previous pattern busted, price has been coming down fast, we've already broke below the neckline support and are heading towards the previous low where the Head of the Inverted H&S stood at 27.85. Double Bottom Possibility To characterize as a Double Bottom Pattern, the second low can not go 3 degrees below the previous low. 27.00 is about where one would put in stop if we do spend time below $28.00. Increased EU QE for June-July months shall help soften the blow if Greece should default on debt next month. However, DB does not hold much Greece bonds, but the German bank has caught a negative fever by European investors fearing the looming Greece default.
NYSE:DB
by QuantitativeExhaustion
8
Reversal GBPJPY - possible double bottom?PA is at a pivotal level. A clear break and close below 154.75 gives a strong sell signal. A bounce here to back above 155.75 could signal a reversal and the start of the final leg up of what could then become a double bottom with the neckline at about 164 and a completion of this pattern at around 171 - 172. To support this long position we have the stoch and RSI being oversold on 4H and Weekly. Especially the 4H is heavily oversold. The candles also indicate a struggle going on at current levels (154.75 - 155).
Long
by UnknownUnicorn326052
2
NZDUSD: 2618 SETUP (H1)Hi there, We have a very clean 2618 setup formed on the Kiwi. Price is currently 20 pips away from the trade entry point, 0.69150. I trade 2618 setups on the H1 timeframe aggressively and have already placed a pending sell limit at this level. Remember, only trade what is in your plan, and if you don't have one, please do yourself a favour and get one before losing any more money. The 2618 trade is explained by Jason Stapleton is a free video training, you can check that out if this strategy interests you. Entry: 0.69150 Stop: 0.69760 Target 1: 0.68370 Target 2: 0.68020 Until next time. Good trading, Luke
Short
by Beebags
Triangular Moving Average (TRIMA) IndicatorThe TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average. The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages. But why would I want more lag? One potential use of this moving average that I've found is that it can allow price to run for a bit after crossing the TRIMA before catching up and creating an opposing signal. It therefore creates the chance for the price to "run its course" so to speak, which can make whipsaw signals less common.
NYMEX:CL1!
by JacobAmos
1