USOIL BEARISHwe still continued from the last analysis to reach level of 128 again, but now we have reached a strong resistance that gives us an opportunity to sell with the correction until retest112
Double Top
$SUSHI - Double TopHello everyone!
SUSHIUSDT might continue the downside move from here if closes below 1.59
Best of luck with your trades!
AUDUSD Short Setup - Double Top 4 HourHi Traders,
Happy Wednesday!
Today, I am looking at the potential double top we have playing out on AUD/USD in the 4-hour time frame.
We can see that price has been in an ascending channel and following along the ascending trend line.
We may have broken the trendline but we need to see full confirmation by seeing an impulsive close below the yellow neck zone.
If price and volume show a decent impulsive move that closes BELOW the neck zone, I will then be waiting for a retracement back up into the neck zone.
If the retracement happens, I will then and only then open up a short position with two targets.
Remember, volume is key.
We have divergence on the MacD,
We see buyers are weakening out on the MA Lines as well as the histogram.
This just adds confluence to our setup but we need to see that impulsive close below the neck zone.
First target – 0.70 with a risk to reward of 1.3
Second target – 0.695 with a risk to reward of 1.5
Trade safe out there!
The Vortex Trader
GBPUSD 1H Double Top1H Double Top
1H Bearish Divergence
1H Consolidation
Expecting price to return to support area 1.23600.
EURAUD | New perspective | follow-up detailsThis is a follow-up detail on the publication shared during last week's trading session (see link below for reference purposes), where the price moved over 200pips in our favour. Now, with the present structure on the chart, I am beginning to see a set-up that might allow us to add more selling positions as long as we do not see a breakout of the bearish trendline identified on the hour timeframes. I shall keep you updated as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
DJi Index on 30 minute time frameDJi Index on 30 minute time frame is short position with a target of 32000 tp1 and the 31900 tp2 and tp3 is 31850 and stop loss is 3% percent of your account.
Acrysil Double Top in Weekly chartAcrysil is on an important support on Today. If it fails to hold it then it can retrace to 555.
Netflix stock chart pateren Netflix stock chart pateren, shows or presents double top pateren and it will go down or short position will be ideal in this time because it follows the bearish trend of the bear market.
Double top pattern of Nas DaQDouble top patteren has been formulated on the chart and it shows that will go more and more down in this bearish market.
BTC Short 12 hr Adam and EveBTC Short 12 hr chart is printing an ugly Adam and Eve double bottom. This is an inverse chart, so this is a setup for a short trade. Measured move taken from the bottom of the cup. Targets are marked. The bottom is not yet in guys, but we can still make money on the way down.
US100 Short Idea Double top pattern in formation, confirmation below the neckline the pattern's full target.
Weekly negative closing is an indicator of down trend continuation, in addition to Fed's interest rate hike in June.
BTC is in its long term channelBTC is in its long term channel, and if we lose that level we might see the giant double top and path to 12k which is less possible against bullish case.
atom/cosmos aiming for 5.8-3.5 atom has fallen alot since break of upper imp level which is exactly why we need a retest to the bottom or above or in between the lower imp level. theres a big liquidity pool in below levels which will exactly help us to break the imp levels and resistance.
Ape shortThe trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week.
This is not financial advice. Make your own research and be cautious, especially during this uncertain period.
Macro H&S pattern for Gold?Or, is gold forming a cup and handle?
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
PRZ as double top (M pattern) on USDJPYTheres a double top spotted on the market. The completion has ended and there's a retracement inside the the pattern in which coincides a resistance that has been acting as a support/resistance. Our target will be 126.100. Possibly it will take some days to get to our target, but I think it'll go. Also take in consideration that it could bounce at 127.00.
Do you have any other ideas? Let me know on the comments.
USDDKK at PCZ of Bearish AB=CD with RSI Bearish DivergenceThis could be a Double Top of sorts that would atleast take us down to the Neckline at C
CHFJPY PRICE BREAKDOWNPrice dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern.
The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.
Expect a small pullback before the drop.
positive pattern in usdchf
we see in time frame 1h and 30min a double bottom that mean in usdchf we can see a break of this supply zone and go to new goals.
FEDERALBNK Daily Time FrameTake trade only After a Successful Breakout always set a Nominal Stoploss and Target! Take your own decision before taking a trade!
USDJPY 131.25 RES HELD TWICE, RETRACE131.25 res has held 2x now, deeper support potential ~128.71. CPI tomorrow could shake things up
Double Top with Bearish Divergence Visible on the MonthlyThere looks to be room for a 50%-90% Pullback from here if this Double top begins to play out.
