High risk trade, as a support had already being formed. Nothing stops it from being a double bottom, or inverse H&S, if that's the intended. Trade set-up is shorting from the middle of channel to two TP levels, First to previous low, second to TP as shown in chart. Careful.
Looking forward to bullish move of the pair, following retracement. Consider Risk management.
An inverse Head and Shoulder was evident. It's failed. Now, a double top forms, breaking out the channel. I will find better entry, and short to support.
Comdols have been bulllish recently, forming this 'correction' I look forward to a SHORT, ...one that may look like false breakout of it's nearest global support. If channel is broken down, I will look for good entry for better RR. Best wishes.
Price is forming a wedge on HTF So I expect TP2 to be hit.
Trading within a range that looks like bullish flag. I expect a range bounce SHORT to support level.
Looking forward to this, and perhaps a better entry ...for a good RR SHORT to midline of channel. I MAY consider long entry once TP is hit.
Simple trendline breakout and possible retest. Don't complicate it. Enjoy.
This TF shows Inverse Head and Shoulder LTF shows Double Bottom, and HTF shows a Cup... with a smiley face on the handle Have trading forex made you smile this week? Hehe... it's hot, handle with care. Anyways, when cup fills, it should spill. Afterwards, check for steam ...then take a LONG sip,, from edge
Conservatively,, If the rising trendline is broken. And 'retest' is seen If price hits 2.022 (of course, before the triple top is invalidated). Then, I expect price to short to around 1.97... For a 3x RR, and extra to cover for broker fees, and Netflix.
Let's form a Double Bottom. If adequate enough, a smart money entry (Bullish). Anyways, back to the present... This funny flag has corrected to the neckline of the M pattern above. To reinstate the broken support as resistance. A clean Smart money bearish entry. IMO, the continuation of local bearish move had started. In fact, if price should be generous enough...
High risk trade, as I haven't see adequate bearish exhaustion. But the patterns fit twice. Anyways, it's about 10x RR, In fact, about 20x if TP2 is reach... So why not All the best.
Price descended to 80.3 support area with bullish divergence. This descent can be captured in a descending channel, But the descending channel has been broken long(up), recently ...followed by formation of cup and handle, or perhaps inverse H & S. These are confluence of bullish indicators, nevertheless, I'll wait for my entry signal.
Let's form a head and shoulder inside this bullish flag, nay descending channel. Hopefully, price will break the shown resistance, and bounce off from the upper edge of the channel for better RR. In the end, we should have formed a big H&S on HTF... Actually, all this is within one big rectangular range. And this price descent is from a double top. All the best.
Cardano's price has been falling off a descending trendline. Recent fall short-ed with strong momentum to an historical support area. Presently, it's consolidating within a bearish pennant. I should keep this on my watchlist, and perhaps update my sentiment as price evolves.
BTC has been soaring from it's inverse head & shoulder (more obvious on M5) Presently, it seems to show signs of bearish move (correction, not impulse) IF this happens, xxx price should throwback to the neckline of inverse H&S, or the edge of it's channel (HTF ascending channel) xxx this will be quick, and notable (in price, character of descent, and...
Bullish accumulation in a triangle. Looking forward for bullish reversal patterns for LONG entry.