USDCAD double-topDouble top formation for USDCAD. Need to watch if it continues the trend or breaks out.
Doubletoppattern
Trb Cup and Handle With double topTrbusdt is forming bullish cup and handle on daily chart as well as bearish double top. If it breaks the double top then we can see a large Buying there so a long position can be nice for profits
Thanks and have a nice trading day
ENJUSDT 4H - WatchlistHey There, I wish you have a good mood and profitable trades!
At a price of less than 1.9840 Tether I expect a bearish movement to the price 1.7140 Tether (lower prices may also occur).
Notice it's just a prediction and It's up to you to have a good risk management as well as good strategy!
DXY (US-DOLLAR with momentum soon!DXY (US-DOLLAR-INDEX) back in trendchannel after a market failed to breakout.
If this double-top-attern gets triggered we could see nice momentum for major-pairs!
EURCHF Short with 3 Listed Confluences (Naked Chart) RR 1: 2.74Confluences:
1: Daily Chart Trendline Breakout
2:Daily Chart Double Top Pattern Formation
3:Price Create a new low and on daily chart failed to break above previous lower higher for 5- 9 days.
GBPAUD reversal downwardMy analysis is simple, as you can see on my chart, a double top pattern has been formed on the H1 time frame, which means there is a trend reversal from uptrend to downtrend.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
BTC Double TopNice simple idea here, a perfect double top formation. Price has already met and rejected the previous top at least for the moment, with that top also representing the ATH. Due to the sharp run up we see a relative absence of support until the 51.7k area.
In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price target of 52k.
AB=CD Harmonic Pattern & Double Top are Making /PRZ&TRZ/Wave CSorry for lots of lines, but you have to watch them.
My idea, wave B has finished and wave c started. we expect to Drop Down Bitcoin's price around 54500$ (I tried to show you TRZ).
AB=CD Harmonic Pattern and Double Top Pattern are Making (Even Double Top Pattern is Making on Weekly Timeframe).
BTCUSD H & S - Short to $45,000 then long to $58,000Here is an inverse head and shoulder pattern indicating a short sell to $45,000 and a long buy to $58,000.
Also, we can see more than one signal confirming this.
First, we can see a double top (M pattern) in play with price reacting to it's pattern.
Secondly, we can see a downward trendline breakout at $48,700 and a pullback in play, which proves a sell order.
Lastly, it's the inverse head and shoulder pattern confirming this.
What do you think?
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CHF/JPY SELLCHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area .
Therefore continuing with the ranging market structure .
Adding on to the confluence , I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price .
This is shown by the Orange path drawn
BITCOIN DOUBLE TOPHey there crypto pals.
It looks like BTC is forming a double top pattern on the 1h chart.
If it breaks down, you can expect a 45k re-test.
BTC Dominance and potential double-top reversal scenarioBTC.D looking top heavy and currently consolidating just above support level (~60%).
We are also looking at a potential double-top setup (with neckline at 57.2%), the completion of which takes us to the low 40s.
Needs to break that neckline first but are altcoins about to go berserker mode on us?
A bit of a waiting game but we'll get the answers soon enough.
BTCUSD - Forms new target at $46,300A trendline breakout occurred at $55,500 followed by a pull back to $55,050 which signals a sell order to complete the double top pattern (the M pattern).
Also, as we can see on the chart, there is a double top pattern in play. If price continues to fall, then we have a M chart pattern.
What do you think?
Share your opinion in the comment section.😇
Please support this idea with LIKE👍 if you find it useful.🥳
Follow me to receive more contents like this.🤙
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Use Proper Risk Management💹
Thank you for your support!💓
BTC - TRADING IN THE ZONE - AT THE GLANCE - D1-H4-H1D1 : Yo-yo price action seen over the last couple of days
Indeed, last 3 days are showing :
1) doji
2) bearish engulfing (invalidated !)
3) bullish engulfing (to be confirmed on closing basis today !)
Global picture is under the influence of a "Double top formation" in progress (trigger level @ 43746
target 38492 !
Nevertheless, in order to confirm this expected bearish scenario several important supports should be broken;
the first one being @ 48418 (middle level of the yesterday's long white bullish candle).
Indeed, a closing level, today, below that level would trigger a "dark cloud cover" pattern (first signal of a potential tactical reversal !)
Strategic uptrend is still in place, supported by the uptrend line (in green)
KEY PIVOT LEVEL @ 42643 , which is the cluster of several leading strategic indicators levels !!!
H4 : Clear picture of the double top formation in progress
In addition all 4 technical indicators are showing bearish divergences
Watch support uptrend line (in green) ahead of Mid Bollinger band (46505) as very important supports indicators.
Bullish above and bearish below...
H1 : Zoomed picture of the Double top formation in progress with target simulation.
Watch in the past the price action and especially when MBB has been broken... it triggered an acceleration
Moreover the important support zone in this time frame is currently around the clouds support zone; therefore
a failure to hold above the hourly clouds would also be the first signal, confirming the expected bearish scenario
expressed on D1 and H4
As usual, screen very carefully shorter time frames (M15 and M5) to get intermediates signals which are going to either
validate or invalidate the ongoiging bearish price action.
All the best and may your long goes up and your short goes down.
#btcusdt #daily #bitcoinHi guys..its the latest analyze chart of BTCUSDT in daily timeframe .Bitcoin is probably forming double top pattern.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
GBPAUD SHORT 240 CHARTWithin support we have a double top that has formed. We also have RSI divergence which is an added bonus for the short.Wait for a red kicker candle for confirmation of the short before entering a sell with around a 2/1 reward/risk.
NzdUsd Sell Bias- Created a head and shoulders
-Broke Out Pattern
- I have moved SL just past entry as there is a wick rejection of the trendline could be a reversal, so I want to protect capital.
240 SELL OFF ON STERLINGA double top has already formed no the GBPCHF 240 chart and we are good to go.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing.
S.L. 1.21789
T.P. 1.20034
AAVEUSDT created a double top 🦐AAVEUSDT created a double top, if the price will have a breakout downward and broke the ascending channel, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
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 the Plancton0618 strategy will trigger.
DASHUSDT created a double top 🦐DASHUSDT created a double top on the daily timeframe and now the price wants to test the daily dynamic trendline.
The price lost even the weekly support, and we could see a retest of it.
IF the price retest weekly as new resistance or the price will lose the dynamic support, According to Plancton's strategy (check our Academy), we can set a nice order
Weekly
–––––
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 the Plancton0618 strategy will trigger.
Looking Ahead Into GBPAUD !Looking ahead into GBPAUD this week, we can easily notice two visible resistance at 1.84 and 1.82.
For the week ahead, GBPaud could drop into 1.76 lows..
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
AUDCAD Possiblity of Double TopAUDCAD broke the rising trend earlier, now creating lower highs and lows. On the 1 hour timeframe, a possibility of a double top can be clearly seen which gives a good signal for bearish traders if this level holds. On the daily timeframe, AUDCAD created a little crooked double bottom pattern and now is in a pullback phase. I expect AUDCAD to test around 0.94 level before possibly continuing the bigger trend of growth.
