AUDUSD - Bearish Double TOPHello Traders !
The AUDUSD price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
________________
TARGET: 0.66670🎯
Double Top or Bottom
EURCHF: Classic Day Trade From Trend Line 🇪🇺🇨🇭
EURCHF may drop from after a test of a falling trend line on a 4H.
Testing that, the price started to consolidate within a narrow range.
Last candle clearly reflects a local strong bearish momentum.
The pair may continue falling at least to 0.973 support.
❤️Please, support my work with like, thank you!❤️
Hindustan unilever - double bottomHindustan unilever bouncing from double bottom level which confluence with Shark harmonic pattern.
Entry around 2700 SL if price closes below 2680 target 2770-2780.
EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart!
After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows.
-The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now.
Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things:
*23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below
*38.2% Level sits right in the center of the Resistance Zone created from the March Highs
*50% Level is at the Higher Low that was Broken to Confirm the Double Top
I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down!
Potential Set-Up: Sell Entry
1.09058 (23.6%) - 1.09647 (38.2%)
SL - 1.10112 (50%)
TP - 1.0665
GBPUSD DOUBLE MOVE GBPSUSD has formed left shoulder and head and most likely form right shoulder afterwards we will see bearish move.
EURUSDbearish trend after double top formation
divergence appeared but diluted
trend continuation
instant buy with strict stop loss
NZDUSD 4H long watchlistIt's a quiet week no trades yet, but that's a good thing.
That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works.
NZDUSD 4H long is on only thing that caught my attention and I will explain why.
First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good.
Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again.
What's also really nice after the deep red candle we see some small indecision candles.
The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter.
If not I skip the trade with no problem :)
USDJPY SCALPING TRADEScalping trade
USDJPY LONG
ENTRY 149.894
SL 149.70
TP 150.09 ,150.25 AND 150.30
We are observing a trend-following trade. After breaking the daily resistance, the market has made a new high and is now retesting the previous resistance, which is now our support.
On the 15-minute chart, the market has formed a double bottom, and the pattern’s neckline has already been broken upwards. We will look for a trade at the retest
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend...
A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement
Resistance levels: 1.095, 1.100
Support levels: 1.089, 1.077
There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
EURAUD H4 Double Top: More Downside Ahead?EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair.
This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively.
What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
BTMM MODELThis is an example evaluation of BTMM model by Steve Maruo
We see an asian range below 50 pips creating fake support and resistance lines
we see london pumps above the channel and then price falls, when retail traders enters short position for zigzag trading they wipe out all of the stoplosses that are set by the book.
They dump the price and as soon as New York starts we see volatile movements.
there is the first leg of the W (double bottom ) evident on the chart. They are accumulating long traders to wipe out their stoplosses and then pump the price. However, if they cannot achieve to accumulate enough long trades, even after getting the stoplosses 50 pips below the recent low which is the first leg of the W pattern, then we expect vector 3 candle pattern downside. so watch out for the stoploss hunt and take position accordingly
Technical nuances:
asian range is less than 50 pips
london pump is more than 50 pips above asian range
there is a stoploss hunt before the dump
dump consist of vector 3 candles
$NVDA DoubleTop all the way #BearCorn LOL50Ps look cheap ;p
Not fin advice
-Jokes
On serious note, NVDA should be pushing through 140 today/tomorrow, if it can't and the market can't continue higher and I am expecting some short term dips before the election that should be capitalized on... (Beware NASDAQ:NVDA short term calls, MMs doing shenanigans past 48hrs this usually occurs before something big)
- Proph
EURUSD - Bearish Double TOPHello Traders !
The EURUSD failed to create a new higher high,
The price formed a double top pattern.
Currently, The neckline is broken🔥
______________
TARGET: 1.08180🎯
Speculative LONG in LSCCI've placed a speculative limit order to enter LSCC long. The reasons:
The price formed a double-bottom pattern in August and September, which was broken to the upside.
After reaching the last high on September 27th, the price corrected downwards, making nearly a 50% price retracement.
The moving averages have made a bullish crossover. The 50-day SMA now supports the price movement and has turned upwards.
"Top RWA Projects: MANTRA ($OM) Leads with 8620% Growth, BalanceRWA Projects to Watch: A Quick Breakdown 🔍
🔸 SEED_DONKEYDAN_MARKET_CAP:PENDLE : Up 576% this year, with a $689M market cap and FDV of $1.11B
🔸 LSE:ONDO : 362% gains, $1.04B market cap, but a high FDV of $7.49B
🔸 NASDAQ:OM : Leading with 8620% growth, $1.33B market cap, and an FDV of $1.39B
While NASDAQ:OM shows the highest gains and growth potential, its FDV is closer to its market cap compared to the others, indicating a more balanced valuation. With more integrations and a Mainnet launch soon, it seems NASDAQ:OM might be just getting started.
For Q4 2024 and long-term, NASDAQ:OM looks like the top pick in the #RWA space.
#MANTRA #PENDLE #ONDO
EURJPY: Pullback From Support 🇪🇺🇯🇵
I think that EURJPY will go up from the underlined intraday support.
I see 2 bullish confirmations:
bullish breakouts of a neckline of a double bottom and a resistance line
of a falling wedge pattern.
Goal - 162.74
❤️Please, support my work with like, thank you!❤️
Bullish opportunity - Swing trade This stock has been on a continuous uptrend for the past year, recently breaking out of a double bottom pattern and reaching an all-time high. We’ve observed strong volume leading up to this breakout, and the stock is currently consolidating around the breakout zone. With proper risk management in place, we can anticipate a potential return on investment of 12%.
U.S. Dollar / Japanese Yen (30MIN) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | 30 Minutes Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern.
The downtrend appears to have stopped near a support zone.
When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports.
After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock.
Bullish Scenario
The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area.
Bearish Scenario
If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area.
Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
Calls super riskyThe double bottom still active and is pushing the price up. Just bought calls 10/18 strike 48.
CADJPY: Pullback From Key Level 🇨🇦🇯🇵
CADJPY may pull back from a key daily/intraday horizontal support.
As a confirmation, I see a double bottom pattern on that
and a violation of its neckline on an hourly time frame.
Goal - 108.63
❤️Please, support my work with like, thank you!❤️
NVIDIA GOING TO $75?? Unlikely but the chart shows...We have a DOUBLE TOP AND A RISING WEDGE with a price target of $75 on the daily chart. It seem unlikely but there is a big old gap from back in Feb 2024 at $75. There is another gap that needs to be filled around $119 that seem more likely. IMO the market like to balance itself by filling the gaps it leaves behind. The RSI looks to of topped out and is also curving over. Its very unlikely for NASDAQ:NVDA to drop that far down, but down to $119 seems likely before a possible Christmas rally (and wash sales) in late DEC. NVDA is such a strong company and demand for its chips is high, I really don't like the looks of that Double Top combined with a Rising Wedge. Safe Trading everyone!! (Charts are only part of the bigger picture especially with Nvidia, it is a beast of a company and who wouldn't love the opportunity to buy more NVDA at $75)
