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Doubletopreversal

AUDJPY, 8hr tf, double top possibility and triangle patternThere is a possibility AUDJPY forming a double top on the daily chart. Price also broken below the ascending trend line which has supported AUDJPY for 4 months. Taking a deeper look into 8hr chart there is a possiblity of triangle pattern also forming. Price already broken below the support and currently we are on the retest process of broken support. Sell AUDJPY 75.20-25 Stop loss 75.65 Take profit 1 @74.30 Take profit 2 @73.40
Short
by HayatoDragonFX
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair. Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high. Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop Sell CHFJPY 114.30-35 Stop loss 114.80 Take profit 1 @113.35 Take profit 2 @112.20 good luck
Short
by HayatoDragonFX
Double Top Reversal PatternSo here on the daily chart i have came across a (Double Top) reversal pattern USDCAD is in a clear down trending market i have entered at the break of the (Double Top) 31241 area and expect to see USDCAD to drop to the 30241 area (100) PIPS also USDCAD on the 15 minute time frame has formed another reversal pattern a (Bearish Regtangle) witch is just another confirmation. (Non of this is investment advice as i am not a professional and am only here to list my ideas and get feed back) - Ashton Teed
Long
by AshandKenz
Double Top'dWhile everyone (including myself) was seeing the road to a double top at 13.8k or so it looks like we've gotten hit with the double top around 13k. My stop loss and stop position reverse got hit within minutes of each other to minimize any losses which I emphasize to every trader as an especially good strategy in extreme highs and lows. My targets on the way down are 10k, 9.7k, and finally 9k (which I estimate at <10% but might as well throw it in there) Now the road is downward to accumulate so be very careful in any long positions as they aren't recommended until we get past the 10k mark, perhaps the 10.3k fib if it looks like the descent is especially weak but I expect much more of the same in the days to come
BITSTAMP:BTCUSDShort
by SwiggitySwerve
ETHUSD - Double Bottom, Or Top?Bulls may have gained the EMA 12 , 26 , and broken a minor downtrend line , but the Bears have MA 50 , 100 , and with backing by a large downtrend line . MA 100 is settling right atop the down trend line from September , and recent price action just saw MA 50 act quite quick with profit taking. While a minor double bottom reversal may have formed near $100, there is stiff double top action positioned. Some real upward momentum is going to be needed to overcome these Bear defense lines. To fail here would invite another $80 retest, and perhaps a firm double bottom reversal, one with enough momentum. However, a 'Chink in the Armor' here would certainly soften things up a bit. The next few days will tell tales. Good Luck, Traders. May you find yourself on the correct side of it.
BITFINEX:ETHUSD
by MrJEB
EUR AUD DOUBLE TOPEURAUD now formed a double top which means the currently uptrend will be changed to long term downtrend ,now they are sitting at 0.382 fib support and in my opinion from here will grow till 0.5 fib resistance which is 1.596 . If they can t break this resistance the price will go down and also this double top chart pattern will be confirmed Entry in 1.596 with target 1.566 . SL 1.599 Stoch is too oversolded so in my opinion will test 1.595-1.596 which is a fib resistance and also will going down MACD bearish/selloff volume increased but they need to calm down a little bit and make a short upward correction RSI near oversold zone
Short
by CryptoRomaniaTD
Double TOP - Reversal PatternDouble top is a reversal chart pattern which means the actually uptrend will be changed to bearish.In this chart pattern we see consecutive double price peaks This patern occurs at the top of an massive uptrend.After reaching a high like 44-60 weeks high(for exemple) the price is moving to make another higher high but in this second peak bulls slowly will lost their confidence and also volume is still low The bearish chart pattern is confirmed when the price breaks down below the low point of through Often traders is started sell-off which will result into a huge red volume candle and also a short term coin-capitalization Top of these peaks wll be turned into a huge long term resistance
BITFINEX:BTCUSDEducation
by CryptoRomaniaTD
EURUSD H4, Double Top formation, Counter Trend TradeEURUSD has been pretty ranging, in fact, it is moving into a sideway consolidation on the Daily Chart. Spotted a Counter Trend opportunity that leads up to buying opportunity once the final take profit level is achieved. EURUSD will be in my radar till it broke the Daily Chart Consolidation EP: 1.2376 ISL: 1.2420 TP1: 1.2314 TP2: 1.2238 Follow me on twitter for ongoing discussion of this trade and many more. Disclaimer: Information or opinions provided herein should not be used for investment advice and do not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. When making a decision about your investments, you should seek the advice of a professional financial adviser.
Short
by RaynLim
[BTC/USD] POSSIBLE FALSE BULL- DOUBLE TOP ! POSSIBLE CORRECTION!A lot needs to happen this weekend.. BTC needs to break a major zone of resistance with a double top having formed. If it does not do that in the next few days than most likely it will have a correction with a negative 19.32% correction back down, which could finally put bitcoin at a final price of approximately $7,958... 3 Major targets identified on this video... Be carefull at this point. Don't be so convinced that Bitcoin has made it and that the bulls have won! Watch BTC these next few days. I will be waiting patiently, if my TA proves to be right I will enter a large trade a the lowest point possible. If it breaks major resistance then I will re-evaluate and decide if I make a trade on BTC. Good Luck. Give me a like if you enjoyed this video! CrytpoBuzzAnalyst
COINBASE:BTCUSD
by CryptoBuzzAnalyst
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