USDCAD : POTENTIAL SHORT SETUPExpanding channel going for a possible double top. If ever price creates a rejection at the double top and provides a clear bearish impulse corrective structure, everything will be set to go short.
Double Top
$ROKU Double Top Trade Idea$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90.
It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P.
Generally speaking Roku usually follows $NFLX. In regards to earnings I don't expect as an extreme move as Netflix but I am bearish on $ROKU leading up to earnings this week coming up. I'll update my position win or lose when I close out my contracts.
*I'm a self taught trader, this is not trading advice in anyway shape or form.
BNBUSD - HEAD AND SHOULDER PATTERNHello traders, here is another opportunity with Binance. Currently printing a falling wedge pattern on the 4hr timeframe but on the weekly and daily is a confusing but amazing structure, A Double Top and Head and Shoulder, will Binance fall to all time low if the Head and Shoulder pattern is respected or still fall to all time low if the Double Top is respected?
Watch and trade with caution
$TRX DOUBLE TOP PATTERN? (DT) - 10x Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
possible Double Top on XAU/USD weekly!!!i see double top pattern, weekly time frame on Gold , not too much sure but we have very big -RD and we can't ignore it
cause higher time frames are more important than the lowers one, so just take care and be careful and don't miss the big money
USDCHF- BREAK OF STRUCTURE 📉the USDCHF price is in weekly resistance level .
i predict a bearish move 📉 i'm waiting for breakout and retest in the neckline (sell confirmation)
TARGET: 0.97549 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Time to short ETHUSD and BTCUSD Both pairs are in a downtrend.
Coming up against good structure.
I am looking for a DT in M15 to go short. Stops are shown as per the chart.
First time in ETHUSD so let's hope harmonics pay off.
Cheers.
Dxy double top bearish reversal soon?DXY is showing bullish weakness and could be forming a potential doubletop pattern which is a bearish reversal pattern. I also am spotting bearish divergence.
Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting enough, the FOMC is having a meeting tomorrow around 1pm est with regards to interest rates.
Also, I am under the opinion that the dollar is not strong but it is artificially rising because of currencies like the Euro and the Yen deciding still to print.
To conclude, the DXY is at major resistance and could be forming a bearish reversal pattern. If this is confirmed , we will likely see the DXY reverse to the downside.
If you like my idea, please follow for more. I am going to start posting more ideas to come.
LINKUSDT Short position updatedLinkUSDT double-topped in a potential final phase of this bear flag. Target at 14.6% Fibonacci Retracement maintained for that swig downward expected..
TWT/USDTTWT making a beautiful double tops. The price that end of arrow is a good point for taking profit partially. Do NOT enter the position with shadows. At least we need breakout with 3 candles in daily period.
XAUUSD - 1875, 1850, 1832 and lowerLooking at downside targets of 1875, 1850, 1832 and lower. Refer to the related idea linked.
USDJPY-Weekly Market Analysis-May22,Wk1As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution.
At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion.
Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.
We're building a BIG SHORT on Bitcoin!Hey guys 👋
Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart.
We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes.
For now, our targets are 3, see them below:
1) The neckline
2) The volume support at 12.6k
3) untested POC of the bullish structure 8.3k
On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go.
More on this in a video that is related.
BTC continue dropping to $35k#BTC/USD
$BTC broke down from ascending channel.
🐻 price can have a boring moves between $40k and $37k for days, then drop more to $35k.
and breaking down from support of $33k will drop price to $30k and $27k.
🐮 if bulls success to keep the support of $35k price can head up to middle line of weekly channel.
NDX - weakest among the 3 major indicesSince breaking below a rising trendline on 18 Jan around 15400, the Nasdaq had plunged a fair bit lower to almost 13000 before attemtping a strong rebound that brought just above the 200 day moving average again. But alas, this turned out to be short-lived only served to proof that the 200 day moving average is now a resistence.
NQ is now right at a minor horizontal support with a very weak close last Friday. The odds appear to be greater for it to continue it's downward momentum in the coming week.
Not all sectors are weak at the moment but clearly we have sector rotation in play and techs are out of favor for now.
Disclaimer: Just my 2 cents for discussion, not a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
APE GOING TO CRASH!!!APE has formed double top on daily timeframe with mutliple wicks rejecting to close baove previous high on daily tf.
BTC looks ike it will go to lower support areas.
There is also bearish divergence on 4h timeframe and honestly it is overhyped so everything looks like short.
This is not financial advice,its just my opinion!!!
APE/USDT : Double Top formation below the ATH's resistanceBINANCE:APEUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Recently $APE has broken above the formed symmetrical triangle and now it's right below the ATH's resistance with a Double-Top formation.
The current structure is giving us this opportunity to take a Short position on $APE's movement.
Risk management should be passive, Trading Setup :
🔻 Entry Pointe : $16.85 - $17.15 - $17.45
📍 Targets : $16.30 - $15.52 - $14.50 - $13.81 - $13.00
🟥 Overall stop-loss : $18.8
🔰 Status: 🟢
🧮 Profit:
- Have to mention that If we caught on Stop-Loss then, You can locate your Long with a TPs for $19.5 and $23.8
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Short IMXDouble-top pattern formed. Neckline broken and retested. IMX will go down enough to reach target the next hours?
$UKX UK 100 Index. Chart porn. Double topHas the UK 100 Index reached a double top ? Beautiful chart that could spell some downside. Nothing cast in stone, but it will be interesting to see this one play out.
Axis bank showing a double top pattern and its breakdownAxis bank showing a double top pattern and its breakdown may get a support on 748 Fibonacci level and a long term support at 724 .
Double Lower Top Coming?Chart says it better than I can. Moving up from oversold. NFLX put a damper on it but that won't last long imo. Move above 4480 is bullish, eh?
Take a look at Dec 2018 for the pattern. Double top at a lower high after decline from ATH, before the massive selloff.
The projection as shown is for an EW impulse. Might get it, might not. See what we get! No position atm, watchful waiting.
EURUSD - Trading StrategyAccording to chart analysis, We can see a bearish trend and double top but the AB=CD pattern indicates it is maybe a reversal point.
Plan A: Short
Entry: 1.07569
SL: 1.09434
TP: 1.05682
Plan A: Long
Entry: 1.11875
SL: 1.09434
TP: 1.14921
GOLD - SUPPORT BECOMES RESISTANCE 📉
the XAUUSD price breaks the daily support level ,the old support becomes new resistance ✔
i predict a bearish move 📉
TARGET: 1919.795 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
