The EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target...
Based on the chart on 4H timeframe , a bearish movement on chart can be possible. I try to share some of my trading signals here. So if you are interested in, you can follow me to have access to my future charts and updates. Good lucks!
In the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to...
In the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle...
After forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out? Still needs to get ahead of resistance at 325 though. DYOR and this is not a solicitation to take a trade.
The AUD/USD currency pair has recently exhibited a classic Head and Shoulder pattern, indicating potential bearish momentum. The price has broken below the neckline, which previously served as a strong support and trendline. Currently, the price is testing a key support level, suggesting a possible retracement from this area. Chart Pattern Analysis: The Head...
Chart Patterns and Trendlines 1. Head and Shoulders Pattern (Bearish) - Left Shoulder: Formed around 3,450 USDT. - Head: Reached a peak around 3,550 USDT. - Right Shoulder: Formed around 3,450 USDT again. - The neckline, which was breached, is around 3,300 USDT, indicating a bearish reversal. 2. Inverse Head and Shoulders Pattern (Bullish) ...
The chart itself is self explanatory. German Dax is due for a correction and it has already created a: 1. Triple Top on the weekly time frame 2. H&S on the weekly time frame The price is expected to retrace down to the monthly/weekly fibonacci golden zone level (0.5 to 0.618), which also coincides with a strong support (formerly resistance) area. #DAX #GER30 #GER40
HS confirmed and price is testing the broken neck. Be careful, this one is very volatile. I have some puts expire by the end of the month, probably I should have given more time. SL if a weekly candle closes above 17.
hello guys. Let's analyze ETH! ✎ Current Price and Structure - Current Price: The current price of Ethereum is approximately $3,158.24. - Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend. ✎ Key Patterns - Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level....
Hello Traders ! Previously, The EURCHF formed a Bullish Inverted Head and Shoulders. At the moment, The price broke the resistance level (0.96582 - 0.96850). So, I expect a new bullish move📈 I'm waiting for retest... ____________ TARGET: 0.97835🎯
Did BTC make it bottom yet or will we see more red? If we look at the charts and the strong rejection of the current lows we would like to think we have seen the bottom. Relative Unrealized Profit That made me look into the RUP chart (Relative Unrealized Profit) on Chainexposed. If we analyse that chart we can see that the RUP in the green zone has been...
Almost missed this. Solana has a head & shoulders on the one hour, that would take it south to 133 which is also a good test of support, dashed yellow line. The EMA is RED and set on the 4HR 200 EMA, and now rejected 2 times, a nudge from Big Brother Bitcoin, and Solana could easily go to 133, I think BTC will go to $46-52 K so Solana may go to $110-115, so DCA...
The daily chart of NVDA shows a complex technical scenario, highlighted by the presence of a potential Head and Shoulders (H&S) pattern frustration point. The H&S pattern is a bearish reversal pattern, but the price action suggests that it may not have completed, leading to the current consolidation phase. This frustration point is marked by the resistance line at...
hello guys! the price is hunted the last area is around $2337, this seems like a hunt, not like an engulfing! current state: 1- it formed a QM pattern and touched the target of the pattern! 2- the Qm pattern looks like H&S too! 3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet! forecast: 1- the price...
The Gold/US Dollar (XAU/USD) 4-hour chart shows a potential inverse head and shoulders pattern, indicating a bullish reversal. The price is around 2329.01 USD, facing a mini resistance level at approximately 2340 USD. A strong resistance and supply zone is noted at 2368.73 USD. The chart suggests a bullish breakout from the mini-resistance level, targeting the...
Five weeks ago I made my first analysis on this pattern where I argued that the dotted purple support was my ideal target for an inverse H&S reversal pattern. Once we were there it was a moment of truth for the bulls. My initial trade had a stop that was too tight. Nevertheless the overall idea was a success since we've now successfully reversed from my purple...