USDRUB / DAILY LONG TERM SELLVisible, strong trend channel just about to hit the resistant zone of which expected to bounce towards the support zone, expected to sell long term. M formation.
Mformation
A radical LBRY Idea - WMay be forming a large W with the inner M formation acting as the 'lips' for the W structure.
If this scenario plays out, congratulations to all the holders.
Your patience through a very volatile coin has paid off.
At first glance you probably think "what is this sorcery?" But take a closer look, symmetry helps with these formations.
NZDCADIdea: HeadAndShoulder
We don´t want to predict our idea, we want to
react, so when the longtrade hit our TP, then we´re looking
for some riversalpattern in the 1h timeframe , maybe something
like a M- Formation.
UKOIL / BRENT CRUDE OIL - H4 - M FORMATION GET READYHELLO COMMUNITY,
HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL.
IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME.
1. D-CHART TREND
2. M-FORMATION LEFT SHOULDER
3. INDECISION (SEE SHADOWS)
4. M-FORMATION RIGHT SHOULDER
5. MY ORDER
BEST REGARDS
gbpaud sell M formation Indication for a downtrend M formation is forming both highs for top of M, news updates coming this week
low risk for high reward
AUDNZD Short set upI usually don't trade this pair, in fact did all the technicals right now.
I see a bullish trendline that has reached a liquidity zone just below the monthly level, that trendline broke and came back to test the downwards trend, I think that still is going to go down., even tho that the M is now turning in a downwards triple top, it still has structure.
The SL is based of the liquidity zone, and theTP based off the weekly, but i think that is highly likely that the price might continue to the next purple stripe, those high alone wicks and the cater of price seems like an important zone, if we look left we can corroborate that.
EURJPY W forming up or continuation?Even tho we are overall Bearish, i think that the momentum could have died.
On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline
Right now the price is failing to make lower lows and respect the lower counter trend, so are making the 2nd pont of a bigger TF W, or making the low of an M to continue the trend, but im leaning towards the first option due that we are un a very low area and big support.
NZDUSD short enteredas entered the trade on MT4 the price spiked lol
M forming at the lvl making lower highs, trendline broken
crossing of the Emas coming over, i would stop at the next level, but i think that the beginning of the trendline is a better target
USDZAR USDZAR possible drop after touching the high of the week, I expect the reversal of this move to be in Thursday
NZDJPY Short Off Double TOP!Looking to short off resistance double top! Watching candle now on 1hr and 4hr
BTC M formation Newbie here at TA so don't take this too seriously but I would like to hear your thoughts on this. This could be a M formation or a double top meaning the trend would reverse and go bearish. We retested 12 000 but didnt break it this time around. Theory says if we go lower then the dip in between the two peaks then we will see a drop equivalent to the length of the peak to the bottom of the dip (orange line) which would bring us to $6700. What do you think?
Second PULSE to short the first tp W pattern was hit now we wait for a nice retest to the M and sell to the second W
