Get started

Chartpatterntrading

PRICE ACTION VS SMART MONEY CONCEPTS : the double bottomIn the world of technical analysis, the double bottom pattern holds a special place for traders. However, the way this pattern is interpreted can vary, especially when comparing the traditional price action approach with the more intricate Smart Money concepts. Traditionally, a double bottom is identified by the formation of two distinct lows, approximately at the same price level, separated by a reaction high. Traders keen on price action look for a breakout above this reaction high as a signal for potential bullish momentum. As a price action trader i was interested by the Smart money concepts approach so i decided to read about it a little bit and i found it pretty detailed after reading here are the differences that i noticed on the double bottom pattern.
EIGHTCAP:XAUUSD
by xAB777
GOLD|Important supply and demand areasHello friends, I hope you are doing well. We have the gold chart in 1 hour.Currently, gold is fluctuating in a trending range area and we have the top and bottom of the trending range to enter trading positions. CPI data will be released today, if we have data that is in favor of gold, that is, the US inflation has decreased, this means that it will harm the dollar index and gold can move upwards. We should know that apart from the top of the trending range, which is a resistance, we have the next resistance in the area of (2046-2044) and after the resistance that is the base of the falling movement, it is around (2066-2064). On the other hand, if inflation is published more than expected, it will benefit the dollar index and can create selling pressure on gold. The area that currently maintains the price is the area (2016-2019). If this area is broken, the next support is the price range (2004-2008) and then the price range (1990-1995). If the price reaches these areas, we can enter trading positions with confirmation
OANDA:XAUUSDShort
by Golden_Star1994
1
Symmetrical Triangle on EUR/CHF @ H4The 4-hour chart of EUR/CHF is showing a a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's upper angle (0.93490). I will ignore bullish breakouts from this trend-continuation formation.
Short
by AndriyMoraru
1