Hey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What...
Eurcad Gearing towards fresh and untested Supply level with strong departure. what's gonna happen next?
TCT Lower Lo Lower Closed and a bat pattern at 5 Mint
Daily Head and Shoulder Down AB Swing/ Retracement from .618 Target 1.618 Strong resistance @ 0.7500 Bearish Engulfing Candle Stick Formation
On daily timeframe EURGBP has formed a head and shoulders pattern. A sell can be initiated after the neckline breaks or we can wait for a potential retest/pullback to enter this trade
Fresh level of supply now being tested. short bias. price could go down lower to opposing level of demand. 1st target would be the recent pivot low created.
USD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can...
price could drop lower to the opposing level of demand. newly created supply level filled all of the stock of buy orders from the left.
Ghartly Patter with RSI Divergence and Double Top
EURUSD Creating fresh level of supply on the 1h chart
Potential Cypher and Ghartly Pattern Good R/R
Looking for a Flip-Flop of Support become Resistance or Demand becoming Supply on the big Daily/Weekly Levels.
I'm learning does this make any sense for head and shoulders?
Looks like head and shoulders forming on the D1 chart WTI Crude. If we successfully see the 2nd shoulder form, I will take a short trade down 280 ish pips below the neckline. (Same number of pips from the 1st shoulder to the head). This is my first published idea / chart. Please comment thoughts.
Two Potential Pattern Cypher and Ghartly At same point With RSI Divergence Check RSI divergence on 15 mint