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Double Bottom

Looking For A Double Bottom On AUD/USD Hi Traders, I am looking at AUD/USD on the 4-hour time frame today. I am noticing a potential Double Bottom pattern begin to form. We have two bottoms already and we have our neckline. We also have divergence in the MACD across the two bottoms. I'm waiting for the price to come up and impulsively breakthrough that neckline. If we see a break and close above that neckline zone, I will be waiting for a minor retrace back into the neckline zone, upon which my entry will be triggered. Let's be patient and see if this pattern forms fully. Trade safe out there guys! The Vortex Trader
Long
by TheVortexTrader
GOLD FUTURES- DOUBLE BOTTOM ? WEEKLY (W1) Potential double bottom in progress below $ 1'800 ? The level of $ 1'780 is very important as it could be seen in the past and more over the thickness of the weekly clouds is currently very thin = very fragile. A failure to recover sustainably above the $ 1'800 area and close above it on a weekly basis would be the first signal calling for further downside towards $1'750 and ahead of $ 1'723. Below there is the former double bottom @ $ 1'673.30. DAILY (D1) Still in a downtrend with its resistance line currently @ $1'812, which is slightly below the Tenkan-Sen @ $ 1'816 and which should be seen as the first significant level to break on a daily closing level in order to neutralise this ongoing downtrend. The cluster of MA21 and Kijun-Sen is @ ($1'833 - $ 1'836). Friday's price action triggered an HAMMER pattern ! On the downside, as for the weekly picture, a failure to hold and close on a daily basis above $ 1'800 would weigh on Gold and would open the door for lower levels as above mentioned. 4 HOURS (H4) Nice recovery in progress triggered on Friday by a HAMMER ! So far, the rally has been rejected by the MA 21 @ $1'813.20 and this level is the last resistance before the H4 clouds resistance area which is higher ($1'832-$1'838). By the way, the 61.8% Fib ret of the $1'861.50-$1'783.40 recent downside move is @ $1'831.70). On the downside, in this 4 hours time frame, the Tenkan-Sen or Conversion line is @ $ 1'805 and should be seen as the first significant support level in H4. 1 HOUR (H1) Currently above the cluster of TS, KS and MA21 and close to the clouds resistance area ($ 1'815-1'819). A successful upside breakout of the clouds would put the focus on levels above previously mentioned in H4 which also coincides with former highs in this hourly time frame. Have a nice Sunday. IRONMAN8848 - Jean-Pierre Burki
COMEX:GC1!
by Ironman8848
WICK EXHAUSTION DBPWhen a Sniper sees this set up there is no hesitation. Let's watch the snipe entry take off for the Long. Wicks, Double Tops and Double Bottoms are very simple to identify in the market and very powerful. There is genius in Simplicity. Leverage this wisdom accordingly in the market. And your entry will present itself. Trade with the trend. The trends begin at these Macro PP areas in the market consistently every day. Never Over Leverage. Trust Your Trade Set Up. Have Fun! I Am Pro Trading Made Simple
Long
by Master-Jedi-Trader
2
EURCHF I LONG TERM BUY FROM DEMANDWelcome back! Here's an analysis of this pair! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
EURUSD I Expect More Rise from Historical LowsWelcome back! Here's an analysis of this pair! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2