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Trippletop

EUR/CAD show a bearish movement to find down Money profits!!!Hello guys, in this technical analysis we wil go on short position in this technical analysis, because EUR/CAD show a nice chartist pattern called tripple top, that is a bearish siganl so that Euro is going to drop, specially the Euro vs. Canadian Dollar show that. So, that is the analysis that I make it. Now, look in Daily, we see that there are many candlestick that showed a possible drop, specially that we are in this bearish rising wedge to entry here That is the key analysis in H4 timeframe. That show that we have a tripple bottom marketd in these blue arrow. I hope that this analysis is support you!!! So, in the H1 timeframe we see that movement is so bearish soon So, I put a sell order limit at $1.5540 CAD and the SL at $1.5601 USD, that is 60 pips, because calculated the risk in US Dollar is $4.44 USD, that is considerable within of my risk 10%, because in the last days I earn in EUR/USD and EUR/GBP recently when I Closed up my position, now I have the USD/CAD activate in short as Canadian Dollar is strenghten.
Short
by harisonhbn9718
SPX500 SELL SIGNALHey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. SPX500: Daytrade-Preparation Market-Sell: 3091,00 Stop-Loss: 3125,00 Target 1: 3061,50 Target 2: 3040,00 Target 3: 3021,40 Stop-Loss: 34 pips Risk: 1% Risk-Reward: 2,10 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USDShort
by Trading2ez
3
GBPUSD SHORT IDEAGOOD EVENING TRADERS. HERE IS MY TAKE ON GBPUSD. ITS CLEAR TO SEE HERE WE HAVE A TRIPLE TOP THAT HAS FORMED ON THE DAILY CHART AND FROM A TECHNICAL STANDPOINT EVERYTHING IS POINTING TO A SHORT BEING MORE LIKELY. I WOULD LIKE/EXPECT TO SEE THIS PAIR COMING DOWN TO THE BLUE EMA LINE (20 EMA DYNAMIC SUPPORT) COMING BACK UP TO RE TEST THE MOST RECENT SUPPORT WE HAVE JUST BROKEN AND THEN MAKING A FURTHER IMPULSIVE MOVE TO THE DOWNSIDE. I HAVE RELAYED TWO TARGETS MARKED ON THE CHART BOTH WITH GREAT RR'S. IN ORDER TO VALIDATE THIS SETUP I WILL BE LOOKING FOR STRONG REVERSAL PRICE ACTION CANDLES ON THE 4HR/1D TIMEFRAMES I.E. PIN BARS, INSIDE BARS, LONG WICKS ETC. MY ONLY CONCERN IS FROM A FUNDAMENTAL STANDPOINT THE POUND HAS BEEN SHAKY/CONSOLIDATING THE PAST FEW WEEKS AFTER THE BULLISH RALLY DUE TO THE BREXIT DEAL ANNOUNCEMENT, I WOULD IMAGINE SOME BIG PLAYERS COULD STILL BE LOOKING TO GO LONG WHEN THE PRICE DIPS A LITTLE FURTHER/ALREADY HOLDING BIG POSITIONS. BE CAREFUL AND TRADE SAFE.
Short
by CoinCaller
EUR/USD: Weekly OUTLOOK and TradingplanHey tradimaniacs, welcome to the weekly preparation of EUR/USD. Looking at the DAILY and 4-h Chart you can clearly see a continuation of a tripple-top-pattern as textbook describes. After a break below the first Trendline (b) which was caused due to bullish weakness which caused euqal tops we`ve seen the first weak rejection right at the Neckline of this pattern. After the Breakout I was just a matter of time until the market retests the Neckline to follow this pattern. I expect the market to retest the price-zone near 1,10400 - 1,10500 before we continue the downtrend until the Target-Zone of 1,0098. ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
Ideas on CAD/CHF Short after Tripple TopHi Traders, following my trading ideas to the minor pair CAD/CHF for the next week. At first we should say that this pair is moving sideways for 5 years (since 2015). This makes it kind of difficult to tell the direction of the market. With the closing of the market on Friday we are facing a huge resistance level round about 0.74936. In my chart you can see two options: 1. LONG: Turning at the current resistance level and move in direction to price level 0.76152 2: SHORT: Breaking through the current resistance level in direction to the short term price level at 0.74338 and long term price level at 0.73603. I believe in the continuing of the current short movement (Option 2). We have got 3 strong bearish candles and strong bearish momentum with the closing of the market on Friday. So if you ask me, after building of the tripple top last week we will see the short movement to the first price level on 0.74338 breaking the pattern line and continuing to 0.73603. Its pretty easy to trade this pattern with the confirmation by the next candle and make sure to set a tight stoploss for this trade. Feel free to share your thoughts! Best, Lukas
Short
by LBAsset
1
NZD/USD: Daytrade-Opportunity#SELLHey tradomaniacs, welcome to another free signal of WEEK #41 Mr.3! How to trade: Wait for the break beloow the support-zone and sell after retest / rejection ----------------------------- Type: Daytrade Market Sell: 0,62910 Stop-Loss: 0,63108 Target 1: 0,62683 Target 2: 0,62549 Target 3: 0,62442 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
USD/CHF set for a fall There is a sell opportunity in USD/CHF at 0.9946. It has formed a triple top level near 0.9946 which implies it is bound do go down as a corrective mood. Additionally, another chart pattern called the ascending parallel channel is also spotted in the daily chart of the currency pair. the price action has hit the upper boundary of the channel at 0.9946. Therefore, it is likely to be slammed from this point. The details for suggested trade is as follow: Short : 0.9946 TP: 0.9851 SL : 1.0017.
Short
by rubal_ahuja
AMAZON Triple Top! Correction !?Hello Traders! Today’s chart will be on the good old AMAZON, Potential Triple Top!? Points to consider, - Price failed to break the $2042.05 Region, posing a potential triple top - Price currently testing local support but looks weak - Stoch and RSI are both neutral - EMA’s are currently bearish - Volume is below average - Fibonacci extension is in confluence with .618 retracement and support area, Potential target! AMAZON’s recent developments show us that it may have just completed a triple top and is on its way down to test local supports. Bulls failed to break the $2042.05 resistance area on multiple occasions leaving the price testing current local support, which does look weak. EMA’s are also giving a hard to for Bulls to push price up… The Stochastic and RSI levels are quite neutral as price is in no trading zone; we need to see a clear direction from this point, either bearish or bullish. Volume has tapered off, well below average trading, we could see a potential bounce here for AMAZON, but with a high degree of probability, we could be in for more downwards momentum. The golden fib retracement - .618 - is in confluence with price support and fib extension -1.618, price has a higher degree of probability of retracing back to this area in the next couple month, only if this happens to be a triple top… What are your thoughts on AMAZON?, is this potential triple top? a start of a correction? Please leave a like and comment And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
NASDAQ:AMZNShort
by AzizKhanZamani
Weekly market breakdown- DXY Good Afternoon traders!, I will be actively using this platform to journal and share my perspectives on trades to hopefully add value and inner confidence to your very own analyses. To begin with, il be giving my perspective on the DXY because of its validity in helping understanding how USD majors may be performing in relation to the performance of the DXY. So, initially, the higher time frames help to gauge what the trend is and the keys institutional levels that are in play. With the DXY, the dollar index has created progressive momentum towards the upside of 98.00. However, this proved to be a very pivotal and supply zone, this is because of the two previous months, the price was conveying signs of exhaustion around this barrier with two spinning tops which suggest signs of reversal. observing the smaller timeframes, I can see price created the 3rd drive, however, reversed to the downside tapping our trendline. It's likely, that price could make a correction towards the key 98.00 barriers before falling further down towards our outer trendline, with the -61.8% acting as the additional confluence with the key weekly support. The macro sentiment is fueling a lot of negative due to trade wars between China and USA, and on top of that, the negative yield curve which is the key indicator for the US coming recession is something that institutions are keeping in mind, which add further uncertainty.
TVC:DXYShort
by danresdidualfx