GBPJPY - SUPPORT BECOMES RESISTANCE 📉
the GBPJPY price breaks the daily support level ,the old support becomes new resistance level ✔
the key level is broken (1H Break of structure)
so, i predict a bearish move 📉
TARGET: 149.738 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Tripletop
Triangle Pattern formation in 1 WTF!***Took the position in the stock today!, with same RRR(Risk Reward Ratio)
>The simple triangle pattern nothing much as you can see.
>The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this.
> The way the pattern respecting both EMA's is good .
>Good formation of the Triangle is also another factor in this volatile market conditions!
> Nifty Mid-Cap 150 fell by over 3% today but this stock sustained it smoothly today and ended the day in positive note, this is the representation of strength in the stock.
>The MCAP is 12800cr with a decent financials.
Let's watch how it will react to the present 'Volatility' !
Happy Trading Mates!!!
AUDNZD testing a monthly resistanceAs AUDNZD approaches a monthly resistance zone RSI shows bearish divergence on multiple scales from weekly to H4.
It is forming on lower timeframe (H4) a triple top, we can sell after a big candle close below the neckline till the next support.
Be careful, until the sell activation, AUDNZD can still be bullish breaking the resistance.
Goodluck,
Joe.
A quick Bitcoin scalp - three tap setupQuite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁).
Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested.
I believe we target the equal lows at the bottom of the bigger range next.
INDEX DOLLAR DXY D, REJECTED FROM 109.20, TARGET 108.26 & 107.37So far, Dollar Index DXY was rejected from 109.20.
REASONS TO REJECT BULLS:
1. LONG UPPER SHADOW CANDLE
2. TRIPLE TOP
3. FIBONACCI EXT. 61.8%
While Below 109.20, then Potential To Retest 108.26, 107.37, 106.17.
But,
Break & Hold Above 109.20, then Bullish Continue, Potential To Target 110.53 & 112.23.
I never thought I would see a Triple Top on Apple. Is it true ?Knowing how the market is currently doing. How much longer will Apple be able to multiple earnings for investors ? Will inflation make IPhone users more likely to hold on to their 11's and 12's? I believe there is a relaxation point in Apples near future. Maybe it's not Apple it's just the rest of the market. They have a strong hold on data and the phone market and maybe soon enough they make a car or something idk. I'm a bear with Biden for the most part in the near future.
USD/CAD: Possible triple top ; updateU.S. Dollar/Canadian Dollar forming a possible triple top in formation that we could to take advantage to short, unfortunately, the price doesn't climb as I expect and maybe the price acton it's speaking that there're a weak in the price of bull and bear. We're in the descending channel, and this pull back it's look manipulated and false to climb,
I'm shorting USD/CAD now in the $1.2851 CAD, SL to $1.2896 CAD, and my target to $1.2745 CAD.
H4 timeframe look bearish and very weak in the price action, what we could to see a bearish movement in USD.
I hope that this idea support you!!!
Good luck!!!
2X EJ 4HR Tech. Analysis!EURJPY is breaking out of a triangle on the MONTHLY. Price tested the break out area @133.250 on the (DAILY) & shot back up & to resistance @142.700 area. This seems to be a strong level of resistance due to the multiple failed attempts to break it. On the WKLY price formed a Inverse Hook pattern after it broke out, which explains the break/retest on the DAILY. IF price bounces off support area @137.900 area then we will see price consolidate until another breakout! The Long-Term trend is BULLISH. The Short-Term trend is Bearish.
BTC SHORT Scalping Hi Everyone
*Triple top pattern possible move to the downside
Going short!
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
SPY Puts Looking for SPY to enter green zone ($381.3 - $382). $384-$385 is looking to become the new resistance, this is where I entered. My contract expires 7/13, going to try and squeeze some profits tomorrow morning and take this to $382. Also seeing a rising wedge pattern along with a triple top, for those reasons I am strongly biased on Puts.
GBPJPY on a triple top 🦐GBPJPY on the daily chart is trading near to the recent highs.
The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
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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.
GBPAUD shortsGBPAUD has traded out of a major consolidation/accumulaltion period before dropping price and retesting the accumulation zone before a nice move to the downside. We will want to watch price make a lower low on the lower time frame and a minor pullback before getting into any shorts to the downside. I hope you guys have a good week ahead, as I personally am taking a FTMO challenge. Best of luck traders!
Bitcoin Triple Top Pattern CompleteBTC Triple Top Pattern w/ break below pullback lows week of 2 May.
** Pattern complete, fully into mark-down/declining phase **
Longing here = high risk, rallies have high failure probability. Wait for accumulation trend to clearly develop before entering long.
Useful reversal signal on Weekly TF would be MA6 crossing above EMA18 along with OBV reflecting inflows.
Price Tgt ~$14k
EURCAD | NEw perspectiveIf we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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Past performance is not necessarily indicative of future results.