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Double Top

EURNZD Idea 12/29/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURNZD I am currently 150 pips in profit. I am now looking for an additional entry. Lets see price go back up to 1.68250 and look for exhaustion, double tops, bearish engulfing on the smaller time frames for confirmation to go downwards some more. Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
Short
by rubensanalysis
West Texas Crude(WTI )....Positive Swans, Bats and Wolfves Picking bottoms particularly recently in the oil (WTI) complex, sometimes produces sticky fingers. That said, one could build a technical analysis case for a bottom formation at current levels. A) Longer term we have a completion of a Harmonic Bat. (insert) B) Shorter term turn we have : 1) A completed Wolfe Wave 2) Black Swan harmonic formation 3) An ABCD formation going back to last August. 4) Oct/Nov double top target hit 5) Mildly positive momentum divergence So how do you play this. I would certainly give WTI a chance to find a bottom and advance upward A penetration of 3 of the Wolfe Wave provides an entry point at $73.65(marked) Then a Wolfe Wave Target is set up for late January at the $85 area. Using the Black Swan harmonic we get targets as marked. If this the best way to play bottoming oil ? Probably not but its a signpost to play your favorite horse. Please note... Fed activity next week, year end illiquidity and Eastern European events should magnify WTI's volatility going forward. Good Luck and I will update as needed. Not investment advice, do your own due diligence. S.
BLACKBULL:WTI
by Steve666
EURAUD, My trade setup explained.EURAUD is approaching an interesting area which could give us a high probability set up if given confirmation in the price action. Daily time frame shows that the price is approaching the upper boundary of an falling expanding structure. After a period of consolidation within the last couple months, we had a push upwards which is now losing momentum and correctively moving up towards HTF boundary. If price gives us a strong reversal impulse, I would look for a sell entry on the next LTF correction with a swing target at 1.5270 range. Now, if we don't see the bearish price action we need for this set up and price breaks out of the structure, I will be looking for another sell opportunity around the 1.6170 range. Trade Safe Thanks
Short
by ktlfx
USDCAD Idea 12/18/2022 Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of USDCAD Price closed within the zone so there are two options on this pair. 1. Price goes back down and retest zone and drop 2. Price creates double bottom and goes up to the next major zone Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
CADJPY Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of CADJPY I am looking at two scenarios with CJ. 1. Price break below 99.800 and drop to the next area which is 98.000 2. Price retest current price and creates a double bottom and goes back up to 101.000 Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
NZDUSD Idea 12/18/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of NZDUSD Price closed above this zone (0.63725), once the market is open today I will be waiting for a retest on the zone and see if any long positions open up if not, we can wait for price to break below and close underneath the zone and look for short positions Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
EURUSD Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of EURUSD I am looking at two options for this pair. 1. Waiting for price to retest minor zone 1.05950 and go long to 1.06800 2. Price break below and retest 1.05950 and drop to 1.04600 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
GBPJPY Idea 12/15/2022Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of GBPJPY I am looking at two options for this pair. 1. Looking for a retest on 167.900 and long 2. Price break below and retest 167.900 and look for sells to 167.000 Look at smaller time frames for patterns such as double tops and double bottoms for more comfirmation. Remember to trade responsible. This is not a signal at all, just my thoughts.
by rubensanalysis
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