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Double Top or Bottom

XAUUSD Sell - Double Top Formation and High Probability Profit My suggestion is to consider selling XAUUSD from 1855, with a stop loss at 1858. The first target is at 1849, which could potentially result in a profit of approximately 60 pips. The second target is at 1844.60, which could yield a profit of approximately 110 pips. Risk To Reward: 1:5 This trade idea has a high probability of profit, as the double top formation suggests a reversal of the bullish trend. However, as always, it is important to consider risk management strategies and remain vigilant, as unexpected events and news could impact the markets. In conclusion, I believe that selling XAUUSD using the double top formation and high probability profit trade could be a profitable trade idea. Thank you for following my trade idea, and I wish you all the best in your trading journey. Happy Trading! Disclaimer: This trade idea is for educational and informational purposes only. Trading in the financial markets involves risk, and past performance is not necessarily indicative of future results. Before placing any trades, you should carefully consider your financial situation, risk tolerance, and trading experience. Please be aware that trading in the foreign exchange market, particularly with leveraged instruments such as CFDs, involves significant risks and may not be suitable for all investors. The author shall not be liable for any losses incurred as a result of using this trade idea. Traders should always trade at their own risk and responsibility.
FXOPEN:XAUUSDShort
by VISH_VIN-Traders
HDFC Life Double Bottom RSI DivergencePrice has formed a double pattern on daily chart. while the RSI is making higher lows which is clear sign of RSI Bullish Divergence. We can take long trade. Entry We can go long on open of next candle. Target Target 1 will be the nearest resistance zone which will be also the neckline of W pattern as marked on chart. Target 2 will be next next resistance zone after the neckline of W pattern is broken as marked on chart. Stoploss We can keep stoploss below the double bottom support zone. Please like & Follow me.
NSE:HDFCLIFELong
by vt_trader
5
Reliance Double Bottom & RSI DivergenceReliance has formed double bottom pattern on daily chart. While the RSI is making higher low which is clear sign of RSI Bullish Divergence. Entry We can go long on open of next candle. Target Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart. Target 2: Once the 1st target is achieved & price gives breakout above the neckline of the W pattern 2nd target will be the next resistance as marked on chart. Stoploss We can keep stoploss below the support zone. Please like & Follow me.
NSE:RELIANCELong
by vt_trader
6
KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence. Entry We can go long after close of strong bullish candle near 2nd bottom. Target Target 1 - will be the next resistance as marked on chart. Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone. Stoploss We can keep stoploss below the double bottom support zone. Please like and follow
NSE:KOTAKBANKLong
by vt_trader
4
8 touch points with a curved trendline breakout at POLICYBZROn the #POLICYBZR daily chart, there is a Double Bottom #Breakout and there are 8 touch points with a curved trendline breakout. The reversal is also confirmed by the Nifty/POLICYBZR ratio chart. I compared #POLICYBZR to the #Nifty and its peers over the last 123 trading sessions and discovered that it is currently outperforming both the Nifty and its peers in the sector. BSE: 543390 NSE : POLICYBZR ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:POLICYBZRLong
by Usemerr