Technical: Completion of the right shoulder Approaching strong demand price level, we could see a potential pullback or consolidation in lower timeframes -Short Tp:1.16927 Fundamental: -Weak German and Eurozone ZEW economic sentiment indexes. -Inflation and interest rate growth
This is a really interesting situation that appears on USDSEK. If price can break higher, it opens a lot of space and an interesting long position because an inverted Head and Shoulders pattern would be activated.
Short at 1.1885 and put your tp around 400-500 pips. i would recomend no stop loss on this but feel free to place yours depend on your risk managment.
sell @ neckline with conventional target price at $10.46
EurTry will surely go down. it is in deep overbuy conditions and in W1 you can see the formation of HEAD SHOULDER pattern Eur start loosing is power in theese days Usd start gain more power and will help Eur to go down The cross eurtry have positive swap and is also a good opportunity for accumulating position for intraday trading Maybe a great opportunity
After we got a H&S pattern in 2015 whose break caused the huge sell-off in early 2016, we now have the same formation again. Watch out below if this breaks by moving below the neckline. This time we have even more solid fundamentals for BAC though, so I hope this to break and sell-off to buy with both hands later. Originally this is a short-trade set up though....
Being long AMD, I have been following the chart for quite a long time and I have noticed a potential Head & Shoulders. What do you think about it ?
USDCAD has just broken the neckline of what i can call a SHS at1.3450, this support has now turned resistance and is expected to hold back further rises, this is further confirmed by a descending trendline which holds the pair from moving high in the daily timeframe. while there is no guarantee that the pair will not continue higher in the next couple of day,...
ALRM - Head & Shoulders formation with a bullish entry day closed with high volume - trend reversal
if it completes it before the french elections it has potential, otherwise...
Very interesting market Palladium. Can make a lot of money fast, or loose it all. Been watching this for a couple of weeks now. If you don't know, Palladium is used in catalytic converters. Since the drop in oil prices for 2016, the car industry have seen an uptrend. 2017 may shape out that same way as there is too much anxiety that the OPEC agreement won't amount...
May Corn fought back after Trump called the president of Mexico to ease tensions after tweets. This market is above the 20 day moving average. Last 3 candles are rejecting lower prices. Mexico is a large buyer of US Corn, so if these talks falter, Corn may continue downward. We could also be looking at a head and shoulders pattern. Neckline coming in at 360'6...
There is a large head and shoulders developing on the USD index that should in the coming weeks propel the AUD, CAD, NZD, BPD, EUD, upward. The left shoulder and head have been created. Looking for the right shoulder in the next two weeks. Elliotwave was breached in the last two days by having position 4 enter position 1s territory. Gartley pattern still intact....
The head and shoulder pattern is now complete. Now we are waiting for USDJPY to come back the the neckline. We wait for a confirmation before entering the trade. Alternatively we can enter the trade at 117.820
The Head&Shoulders on Chevron Corp is still valid, until the rejection level is breached. Although the Throwback faltered, which has sent the equity towards the rejection level, breaking out of the Neckline, will send CVX seeking 77.31, with 82.73 as a primary objective.
Sell on breakout. Good Luck!