Ethereum Double BottomThis Is So Interesting As Price Hit It Lows And Formed A Double Bottom Pattern, Price Has Broken Neckline
Looking To Go Long
Doublebottomreversal
USDJPY creates a double bottom 🦐USDJPY creates a double bottom on a daily timeframe and now the price is trying to breakout the descending channel.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
XZC/BTC Double BottomXZC/BTC Double bottom. Watch for bullish bounce
Sept 23rd is ZCOIN first halving
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Happy Trading
EURGBP, 1hr and 4hr timeframe, double bottom patternHello my friends,
Today i found some good setup in EURGBP pair. It looks like they're forming a double bottom pattern.
Price currently holding ground just below the resistance i marked. It also looks like price making a flag pattern exactly at this resistance.
Usually when there is 2 bullish pattern forming on resistance, it is more likely for price to break through it easily.
For this setup, it is safer to buy when price break above the marked zone. We could use a buy stop order if we don't have the time to watch the pair.
Buy stop EURGBP 0.9055
Stop loss 0.9020
Take profit 1 @0.9090
Take profit 2 @0.9130
RR Ratio 1:2
Use proper risk management
Good Luck
Bhartiartl - Double BottomBhartiairtel may reverse from CMP as it formed double bottom and also has a demand zone at 536, so it might come down till 536 (I will wait 530)... Above strong supply at 565-570 which need to be broken for further upward move... Targets on chart....
USDCHF - LONGPrice is trading in an uptrend after we had a double bottom reversal pattern, I would expect price to continue this uptrend so I have placed a buy at the higher low with a target at the next higher high.
USDCHF - LONG Price has formed a double bottom at support on the daily timeframe. Scaling down to the 4hr we see a clear trading zone within a triangle which I am waiting for a breakout to to the upside to confirm bullish movement. I would enter a buy at the close above the triangle being a bullish candle.
3 Confirmation DXY REVERSE H1 TF!!!!!3 Confirmation Buliish shark, Divergence and Double Bottom even 3 Bottom
GBPUSD 15M US SESSION W PATTERN BULLISH SCALP LONG TRADE1 - Find a Modified Double bottom forming W Pattern.
2 - At Neck of W draw resistance line.
3 - Enter the Trade at breakout of the neckline.
4 - Use measurement tool for a 1 to 2 risk reward projection to find SL & TP
GBPAUD - NECKLINE RETEST Probably will hop into more short positions after the weekend. We have a double bottom formed on the 4H. We see the huge upside push from the neckline break. We should start seeing lower prices for GBPAUD next week as price makes it way back down to the neckline for a retest of the pattern.
Most of my analysis are short term analysis. Not a long term bias, btw.
GBPAUD creates Double Bottom 🦐GBPAUD creates Double Bottom
According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPAUD, 4hr tf, double bottom reversalBased on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time.
The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up
Buy GBPAUD 1.8100
Stop loss 1.8020
Take profit 1 @1.8180
Take profit 2 @1.8260
good luck
EURUSD - Double Bottom at Support LevelTrading Confluences,
4-Hour Support Level
Double Bottom
RSI Divergence
Trade Idea - Consider Going Short if Price Actions Retest the Local Structure Level.
Trade Analysis From Trade Revenue Pro
USDJPY - DOUBLE BOTTOM waiting for breakout candle to close above the neckline before opening a long position.
EURAUD reaching the last Elliot's waveAfter a rigid collapse, we finally got a double bottom figure that it seemed to confirm a market reversal.
A new uptrend is following now four clear Elliot's waves.
We expect that the price will push up to the target, the increasing of the volume and the market's movement in a weak zone could be a clear confirmation.
Let us know if you like our opinion, leave a comment if you have a different idea!
GMPinvestors
USDCAD Double Bottom FormationFX:USDCAD
Trend was a downtrend then formed a double bottom reversal pattern, wait for the break of neckline then buy
XP Inc. - The start of a bullish trend?* Remember to support with LIKE and FOLLOW me for more analysis *
XP Inc. is a Brazilian company, and the largest brokerage firm in Latin America. Today, it did a Harami/Hammer candlestick pattern at the 21 ema, with a good volume. We also see a chart pattern called Eve & Adam Double Bottom, a bullish one, that could take the prices back to U$ 40.
At the hourly chart, you may say it is just a pullback of a bearish trend, and the 21 ema could be a resistance, and I agree with you, so we should be careful here.
Let’s see the 1H chart:
But remember, the price respected the downward trendline as a support (pink line) and the previous bottom, also as a support (red line), there’re reasons to be optimistic. The stop loss of this operation is under U$ 21.50.
Tomorrow we will have our confirmation.
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BIMB retraces to previous neckline DBExpecting a pull back to previous neckline. PO buy limit at neckline area
Leveraged Gold looks bullishThis is the month Gold looks to be breaking out from a long term double bottom, which began in 2013.
This is an observation only and not a recommendation to buy or sell.
Double Bottom a bullish reversal patternDouble Bottom Pattern Tutorial -
Double Bottom is a bullish reversal pattern usually found at the end of a downtrend. Double Bottom pattern can be easily identified when price reaches a equal low two consecutive times unable to push price to a new lower low to continue the downtrend then the price bounces sharply from the equal low area and then breaks the neckline.
The entry point of this trade pattern will be confirmed by a closing of price above the neckline. We can take help of RSI to see the momentum and the strength of the price movement.
Stay Tuned, 👍;
Brent Crude Oil Double Bottom Reversal Pattern?Technically it seems brent crude oil making the double bottom and sentimentally the bulls doesn't wanna lose the ball out of its feet and defending it from bears. Overall at the moment seeing this price action technically we see momentum are in favor of bulls where stochastic just left the ground from the oversold zone. I assume this oil might have upward space in the near future further which we have to keep eye on.
ACB Weekly OS Bull Divergence | Double BottomTargets shown above. Good size bullish RSI divergence in oversold levels here on the weekly RSI. Last time it's been at this level was july of 2017 setting up for a massive double bottom reverse in confluence with the bull div. Let's sit back and watch. First time buying weed since high school lol!
