GBPUSD: Possible Head and Shoulder formation. Buying at right shoulder. SL is ATR.
I have made some of my biggest trades from head and shoulder patterns on daily and weekly charts, this one looks very interesting to me. I want to buy above the neckline after a little pull back once it breaks. Happy trading, Jared Johnson
EURGBP: Possible Bull Head & Shoulder. Buying at Right Shoulder
GBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR
EURUSD: Bear H&S or Continue uptrend? IDK! So my setup is trying to catch if one of the moves. SL is ATR.
As you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now...
Aks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
USDCAD is likely to go up. OA is showing uptrend. Price is approaching top side of Kijun Sen. I'm expecting price to go bullish and trigger the buy stop. However i'm also concern the pattern is forming bearish Head and Shoulders. Do cancel the untriggered stops if either one stop order is executed.
Looks like a head and shoulders is in play. Going short
EURJPY: Possible Head and Shoulders. Please make sure price reaches blue SR level before placing buy stop. Entry is confluence with 61.8% fibonacci and TP is confluence with 76.4% fibonacci level. SL is ATR.
Possible head and shoulders. Preparing to buy at right shoulder. SL is ATR.
EURUSD: Possible Head formation. Preparing to sell at top of right shoulder. Entry is at 61.8% fibonacci level which also confluence with long period Ichimoku base line and long period middle bollinger bands line.
Potential set-up for head and shoulders pattern. Buying the right shoulder.
selling at right shoulder. one on top right shoulder, one below SR level. SL is ATR
USDCAD: Head and Shoulder formation. Selling at right shoulder
Patterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right...
Price may reverse from trendline resistance. Disclaimer: Its only my view and trend report.Trade at your own risk