EUR/JPY finished a Head & Shoulders pattern and is breaking the neckline. Buy at market open, with a TP @ 120.982. This is because the price range from the head to the neckline should be equal to the TP from the breakout. There is also a resistance area near our TP. SL @ 120.004 which is below the neckline RR Ratio of 3.68
SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of...
if it completes it before the french elections it has potential, otherwise...
Bears remain in control, a correction is possible and then bearish continuation
AMZN forming a potential head & shoulder. We would like to take the advantage from the top when it is forming the second shoulder, and a break of $844.33 will be a good entry point. For trade we would consider $850 Apr/May-17 Puts, last traded for $23.75 & $38.02 respectively. * Trade Criteria * Date First Found- February 23, 2017 Pattern/Why- Potential head...
CBOE seems came out of a channel in daily frame. In the Long term it also running within a channel, and now seems forming a head & shoulder formation. Great moneyflow divergence, really pushing down & now below Zero. So this might be an interesting short from current price. * Trade Criteria * Date first found- March 7, 2017 Pattern/Why- Long term Channel &...
Greetings, As you can see in the chart we have a nearly completed bat pattern(orange) and are currently waiting for a retrace to D for our entry. My expectation is that its profit target(B) should be forming the second pattern, namely the head and shoulder pattern. Normally you would wait for the break of the neckline but the probability here is high enough in...
Buy around 1.0520 - 1.0550 TP1 1.0800 TP2 1.1100
Complex Head and Shoulders Pattern on 4 Hour Chart. Possible pullback on neckline. Breakout distance below neckline is around 155 pips. Successful Trading!
Read up... all notes on chart above.
Left shoulder and head have been formed on the 4H chart of @USDJPY pair. Waiting for the right shoulder to be formed, the base line to be broken and retested then going long. Enterance will be around 115.50. The goal is arround 118 as it's the previous high and it's equal to the destination between the head and the baseline. Good luck!
Head and shoulders pattern seems to be forming, if this pattern is completed, we'll most likely see a decline.
head and shoulder is getting completed. not shorting yet. looking for signal,