Double Top
EUR/GBP Technical analysisThe EUR/GBP pair has formed a double top formation.
It has the broken the support level and is currently consolidating below that.
Also, the MACD indicator is printing in bearish territory.
Hence we expect the pair to be bearish and find support at 0.85097.
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Trading Strategy
Long Term Strategy
Plan A
Expect Explosive Move Upside -------Only Above 895-Double Top & Targets – 1200/1350/1600/1750 in next few years ahead
Plan B
Holding Below 895 –Double Top –Expect Downside Move &
Targets –
697/700
620/630
500/525
Going Below 500 – We shall review later & we don’t deny downside targets of 450/350/250 years ahead.
Previous Ideas
22nd Aug 2016
20th Oct 2016
13th May 2017
8th Nov 2017
1st June 2018
5th Dec 2018
Thanks for watching this video & Your Support ----------- “Don’t forget to support and share”.
M&M Forming Double Top Pattern.M&M Forming Double Top Pattern, one can go long if sustain above 652 but break the 652 resistance will take it to 642, 625 which is most likely.
GBP/USD Technical analysisThe sell on the fact trade which emancipated friday has come to a halt in the counter.
The pair has made a double top in the 15 min chart.
It broke the critical support level of 1.29173 as well.
Further the MACD has turned bearish and the histogram bars are gaining strength.
Hence we expect the pair to move to the support levels of 1.28719.
EUR/GBP Technical analysisThe bulls effort to cross the resistance of 0.86784 seems in vain in the counter.
The bears have stamped their authority by resisting and rejecting the price action above the value of 0.86750.
Now, the counter has formed a double top pattern in the hourly chart, which is a strong reversal pattern.
Also, the ROC indicator has crossed into the negative territory.
All indications point only one thing in the counter - ‘bear strength’.
Hence we expect the pair to come down to the support level of 0.86394.
USD/CAD Technical analysisThe resistance of 1.33914 seems invincible for the bulls, holding it down for a month.
The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too.
The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern.
Now, the pair is being resisted by the broken support.
Hence, we expect the pair to move to the support at 1.33370.
GBP/JPY Technical analysisThe counter is brimming with bearish signals technically.
In the price action front, the pair has formed a double top pattern and broke its critical support of 146.327 as well.
A bearish trend line drawn from the highs is also pushing the price downwards.
In the indicator front, the RSI has formed a head and shoulder pattern in the hourly chart. The neckline of the pattern is resisting the bullish momentum.
And the entire structure can be attributed to a corrective ABC wave as well.
Hence, we expect the pair to continue its course to supports of 145.693 and 145.138.
NZD/USD Technical analysisThe double top pattern in the 30-min chart indicates the end of bull trend in the short term charts.
The pair has also broke the critical support level of 0.67762.
Hence we expect the pair to trade with bearish bias in the near-term.
MOMENTUM TRADE IN HPCL/HINDPETRO APRIL (FUT)MOMENTUM TRADE IN HPCL/HINDPETRO
APRIL FUT
SHORT@267
STOP@272
TARGET@257
LOT:2100
QTY:2
AUD/USD Technical analysisAUD/USD has formed a double top pattern in the 15-min chart.
It has also moved past its critical support at 0.78787.
Hence we expect the pair to be bearish in the near-term.
NZD/CHF Technical analysisAfter forming a double top, the pair has broken a critical support as well.
Now the pair is resisted by the broken support at 0.68958.
Hence, the pair is set to make a bearish move from here.
TATASTEEL UNDER CONFUSION STATETATASTEEL facing resistance exactly at fibonacci (513).
Will it break up or will move in uptrend double top?
If it breaks up target 535
If it moves down target 490
SELL SRF1)Double Top Formation
2)Bearish Butterfly pattern
3)Bollinger Band resistance
As shown in chart whenever stock break 2200 level it rapidly moves down and Simple moving average acts as support.
So it can move down up to 2140/2100/2040....
[Intraday] KAJARIACER Double Top + Inside Bar Short TradeDouble Top + Inside Bar
Short below 538.05, SL PDH
PDH = 550.80
If gap up or down, follow 5m ORB.
