SHS for GOLD. Either breaks its resistance on the upside or breaks the SHS neckline and goes back for another round of range under 1350. USD DXY on strong support level and reactive there. Fed tightening bullish for USD. Rumor on China unloading USD only bearish factor for USD.
My last graph showed promising news for bitcoin as it looked like the correction was over. Over the weekend, the bulls broke down and formed a Head & Shoulder formation. Volume backs this up. Will probably retrace back down to 8k or lower.
This recent fall is really very strongly (look the angle). We may wait a consolidation in ~700$ and then a new consolidation in ~450$ fallowing by a consolidation in ~300$. After all that, we will get a great bullish overcoming Bitcoin and get around $10k near March/April. 1st wave) Buy 600, sell 800. (buy if break the dashed blue line A) 2nd wave) Buy 400, sell...
Weekly 8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue. Daily Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways: 1. Horizontal at 0.91 - in line with the...
if does , somewhere on 0.00026697 support we can bouce back up to next resistance 0.00049020 which give +/- 80% profit. (if/when H&S pattern formed) if bounce on mentioned suppoer zone will not hapeen we will go way lower ( according to current sentiment on market bad scenario will not happen, all depends from BTC run so keep eye on it)
Usd/Jpy completed a head and shoulders and is looking to retrace downwards.
I'm a novice at this but I see lack of support on the depth charts. Order book does not indicate what appears to be great support (enough orders) to continue the push forward. I see a potential head and shoulders formation possibility while also the possibility at exactly the same time a break out from the big W. Any suggestions or thoughts on this or how to...
Could this be a possible head and shoulders forming, which may lead to a further price reduction? Actual question...
Here we have a nice head and shoulders pattern completing on the 240 min AUDCAD. Not a pair I trade normally but with a extra entry reason this might turn out to be a good trading oppertunity. Nice rise-reward as well. So, let's keep this pair on the radar and see if the entry comes up :-) Happy trading today!
Head and Shoulders fully formed staying in the trend that's been in place since the end of August. BABA should drop to around 172 within the next few days before rebounding NYSE:BABA
Hello Traders, Short observed for NZDCHF and R:R approx 1 to 1+ Your thoughts on H & S I will highly appreciate to hear from. Thank you.
we have a head and shoulders in daily and a Flag pattern in H4 .. lets see how far it falls ...
A possible head and shoulders pattern could be forming on an hourly timeframe with AUDUSD , after it is respecting the Fib level of 23.60% . If it forms, breaks it's neckline and plays ball I will be looking at shorting this down to a supply zone and psychological level of around 0.76000 We have the RBA cash rate due tomorrow and forecast is neutral however I...
Inspired by others here on this site - this will be my trade if I choose to take it Retracement to neckline, short SL to minimize risk. Let's see if it plays this way
Others may see a classic head and shoulders, while I think a triangle may be forming. Let's see if it breaks up or down. Impatient people need not worry, it's a short triangle so we'll see soon enough! :)
I am watching BTC closely here as it looks to me like it may be forming a Head and Shoulders pattern. If we do get a sell-off I can envision a pullback to the $4200 - $4600 area.