I am still very unsure of what this pair wants to do. As of right now I see a head and shoulders on the higher time frame. I zoom in on the lower time frame and its confirmed. As of right now I am just watching to see what the candles paint. I strongly believe I may be shorting this pair. ***** This Is NOT A SIGNAL*****
Firstly some fundamentals. Basic materials have dropped 4.4% in the last month and 5.7% in the last week. In this sector mining has seen a 7.83% drop in the last week and 12.49% in the last month (source finviz and stockcharts.com). This specific stock has performed worse with a weekly drop of 8.23% and 14.02% monthly. This gives an overall picture of weakness at...
Short @ BREAK AND RETEST of the Head and Shoulder Neckline!
Here we have a possible head and shoulders pattern on this pair. i will be waiting ona break to enter short.
Big Diamond Pattern Atop Carnival Cruise Corp When forecasting you have to take a lot of information into consideration, you have to also find the needed information to make a forecast. What we know in the short term, Carnival Corp CCL, average analyst stock price estimates post Q2 earnings - June 28 - was $60.50 and high estimate for 2016 of $80. Brexit...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. While speculative in nature before official news on Brexit - from a technical standpoint the EURGBP has been developing a potential powerful head and shoulders pattern on the larger time frames. The psychological barrier of...
Hey gang! Found a good Head and Shoulders Pattern right here on the GBPCAD! Head Resistance: 1.93000 Neckline Support: 1.90000 Profit target: 1.87000 Its a 300 pips profit! This is my strategy for trading Head and Shoulder Patterns. Take it with a pinch of salt! If you have any recommendations on how I can improve, please do comment here! :) When to enter:...
Hi Traders, We have a lovely Head & Shoulders (H&S) reversal pattern here on GBPAUD. If you are looking for a short entry, see the chart above for a potential setup. The head and shoulders reversal is now complete with the break and close below neckline support. A pullback into that previous support level will give bears a solid opportunity to add to positions or...
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...
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
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.