Double Top or Bottom
EURCHF: Pullback From Support 🇪🇺🇨🇭
I see a nice pullback trade on EURCHF:
the pair test a key daily/intraday horizontal support.
A double bottom pattern was formed on that
and its neckline was broken.
I bought the pair on a retest of a broken neckline.
Goals: 0.9548 / 0.9560
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2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.
Paris Olympics OutcomeHere's a setup of the CAC40, France's top 40 stocks. I believe it is on a bullish ride as well as other indices. It has the best setup in my point of view.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Bearish Bias still INTACTI expect a swift bearish counter on Friday's possible retracement candle. The bearish bias on NZDCAD is still intact unless the bullish Friday candle upholds the bulls.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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What is Your Comment on this Gold Set up1H Time frame Break liquidity
And then also Broke Internal Liquidity
Which Create a Fair Value Gap and also a Breaker
Now price have retrace back to FVG
I think a nice place to short position
With a Risk/Reward Ratio 3.84
Cons: AGAINST TREND
Tell me what do you think about this set up
Did i miss anything
My Next Scenario for GoldHi guys,
Based on the chart I see that a triple top has been shaped and broken in 1H timeframe , and I consider the current up movement as a correction.
So Based on this scenario I put my entry point for this movement.
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Good luck!
BTCUSD potential double top patternOn the 4-hour chart, BTCUSD is currently forming a potential double top pattern, with bears taking advantage. Currently, attention can be paid to the support around 57680. If it falls below, it is expected to fall further, with the downside target looking at the support around 54570. At present, the effective resistance above is around 59500.