USD/JPY: Strong Bearish Pattern SpottedThe 📉USDJPY pair formed a significant head and shoulders pattern on a four-hour timeframe.
The neckline was breached earlier today by a bearish candle with considerable momentum.
It seems plausible that the pair could experience a further decline at this point. The subsequent support level is anticipated to be around 147.77.
Head and Shoulders
EURUSDEURUSD: Potential Left Head and Right Shoulder on the 1H. We see how it respected the fair value gap and we see how the lower time frames like the 5M, 15M, 30M, all showed us rejection from the daily trend and on the fair value gap.
Also if price does end up forming the left head right shoulder the retest could potentially wick into the EMA
BTCUSD NEXT POSSIBLE MOVEBitcoin has shown a strong bullish push recently and is now facing resistance at the top. From here, one of the key possible scenarios is a rejection leading to a corrective move toward the lower support zone.
If sellers gain momentum at this level, the market could shift into a downward move, testing important demand areas. However, if buyers continue to hold strength, the uptrend could sustain longer before any major pullback.
Market is currently at a crucial point — watch closely for confirmation before entering. Both directions hold potential, but probability favors a short-term correction unless strong bullish pressure breaks through resistance.
Head and Shoulders Pattern in the EUR/USD As it seems, the head and shoulders pattern has formed in the EUR/USD currency pair on the H1 timeframe.
The price has also moved down with a strong candlestick by hitting the ceiling of the H4 descending channel in this range.
The price is expected to continue moving towards the bottom of the channel.
Stop Loss on the Range 1.17500
Take Profit on the Range 1.16700
EUR/USD: How to Catch a Bullish Wave?📈EURUSD retested a recently broken horizontal structure on a 4H chart.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.
To catch a bullish wave with a confirmation, wait for a bullish breakout above the neckline of the H&S pattern,
Then the retest of an underlined blue supply cluster will be your buy zone.
With a stop loss below the right shoulder, we may catch a nice swing trade here.
Goal will be 1.1814
EURUSD Bullish Correction Not DoneIndeed the overall bias is bearish for this market.
But if there is one thing I know about retests of these head and shoulder patterns is that sometimes price will insist on retesting either the right shoulder region or even the head.
Personally I am not looking to long the dollar just yet until one of those two highs I have drawn up have been taken.
Good luck for NFP everyone.
USDCAD: Correction is Over?! 🇺🇸🇨🇦
USDCAD may complete a correctional movement after a confirmed
breakout of a major daily resistance.
A bullish violation of a trend line of a bullish flag pattern and a neckline
of an inverted head & shoulders pattern provides a strong confirmation.
Next goal - 1.3965
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
$PANW next big mover $250+?If you look at the chart, you can see that PANW has formed a large inverse head and shoulders, a move above the resistance line should produce a huge move to the upside.
I have no clue what causes the move, but breaking $207.50 should trigger a move to the upper resistance levels.
Let's see if it plays out.
EURUSD Daily left head right shoulderEURUSD: Potential Left Head and Right Shoulder. on the 1H we see how it respected the daily fair value gap and we see how the lower time frames like the 5M, 15M, 30M, all showed us rejection from the daily trend and on the fair value gap.
Also if price does end up forming the left head right shoulder the retest could potentially wick into the EMA
EURUSDLast week price briefly came back to test weekly zone and got a strong bounce. This week it's above daily resistance again around 1.17200 and we can see some sort of inverse head and shoulder on the H1 & H4. There's a bullish flag pattern visible on the H1 as well.
Lets see if fundamentals will play along.
XAUUSD NEXT MOVE POSSIBLE Gold (XAU/USD) Buy Setup 📈
Gold is showing strong bullish momentum and holding above support levels. Buyers are in control, and the price has potential to extend higher.
📍 Entry: Buy from 3850
🎯 Target: 3900+
🛡 Stop-loss: Below nearest support
If momentum sustains, Gold is likely to push beyond the 3900 mark, offering a solid buying opportunity.
NDSN - 9 months HEADS & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Trade idea on Xauusd My speculation on Xauusd is an If Else situation
A break above 3,875 resistance confirms that the bulls are incharge Else
A break and retest of of 3,854.531 support confirms that the bears are incharge hence a push to the down side
Let’s see how it all plays out from this London session through till New York session. Stay tuned for any updates for when we see our confirmation at either side