Get started

Doubletoppattern

EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected. on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern. So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD. meanwhile, EURSGD would be overall bullish.
Short
by TheSignalyst
7
CNBC: "BABA stock could forecast the global economy's next move"CNBC news: www.cnbc.com One Chinese stock could forecast the global economy’s next move. Key points: Alibaba “stock started rolling over in very early January before the Chinese stock market did and certainly before the global economy started to slow down. So in other words, its weakness was a good leading indicator to tell us that the coronavirus was going to have a bigger impact than a lot of people thought,” Maley said Tuesday on CNBC’s “Trading Nation.” Alibaba stock executed a double top pattern before the first crash and is now heading replicate the pattern again. I personally wouldn't take this as any kind of clear sign as I'm doubtful of how good of a leading indicator Alibaba stock is for the global and U.S. economy. However it's interesting to wait and see how things play out for both, the S&P 500 and Alibaba.
NYSE:BABA
by krisu619
AUDUSD short, elliot wave analysis, double topFX:AUDUSD AUDUSD has done the impulse wave and finished the 5th wave at around 0.6550. Made it a top and traded in the range for two weeks. And it now made a double top this last trading week which shows weakness of the trend. We can expect a correction until it reach the 618 fib retracement which is pretty significant level. You can like and comment of my analysis, and i am open for conversation and suggestions. Thanks everyone have a nice trading week.
Short
by Jimbololoy
4
AUD/USD- SHORT Setup Hello Everyone ! Here we have a pretty clear SHORT setup on this pair. as we can notice Price has broken the 1H Trendline, as we know after the breakout we need the retest ( which is already finished ), we will wait next week for some candle confirmation, so we can get a nice R:R trade on this Pair 1. Broken 1h Trendline 2. Retest Completed 3. Price has been failing to break through the resistance for 3 times, which also correlates with 78,6% Fib Retracement giving us some more confidence on a bearish Reversal
Short
by UnknownUnicorn4010838
AUD/USD 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 breakout and confirmation. Market Sell: 0,63850 Stop-Loss: 0,64585 Target 1: 0,63250 Target 2: 0,62500 Target 3: 0,62100 Stop-Loss: 73,5 pips Risk: 1-2% Risk-Reward: 2,5 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
4
EUR/JPY: Day-Swingtrade-OpportunityHey tradomaniacs, welcome to another free signal! Important: Wait for the retracement back to neckline-area and previous trendline before you sell. ----------------------------- Type: Day-Swingtrade Market Sell: 121,260 Stop-Loss: 121,790 Target 1: 120,650 Target 2: 120,310 Target 3: 120,000 Stop-Loss: 53.0 pips Risk: 1-2% Risk-Reward: 2,33 ----------------------------- 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
GOLD(XAU/USD): Day-Swingtrade-SetupHey tradomaniacs, welcome to another free signal of Week #42 Nr. 1! How to trade: Wait for break below the Neck-Zone of the double-top-pattern. Sell after Breakout! ----------------------------- Type: Day-Swingtrade Market Sell: 1488,72 Stop-Loss: 1498,24 Target 1: 1479,83 Target 2: 1474,31 Target 3: 1464,47 ----------------------------- 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. :-)
FShort
by Trading2ez
3