I was initially expecting a higher retracement, but due to the dollar being very strong at the moment, it was only a short retracement. I entered a sell position with a 30 pip Sl. The Monthly, Weekly and Daily are all showing bearish signs and a appears that price is ready to make the huge move of the Head and Shoulders pattern. I could be wrong, what's your...
The downtrend of USDCHF seems to be coming to an end with price action pointing the upside for the next few weeks.
today's EU news cooled off a bullish premarket - want to hold the lower dotted lines or will be looking for consolation - great to see a classic H&S confirm. Once we see one, I am now looking for the echoes...
its very huge and confrom trade gbpusd going to fall down
For Long 1st Buy zone 10.05-10.1 What do you think? Let your comment bellow.
NZDCAD is testing the neckline and 0.5 Fibonacci level (weekly). If the price will break the weekly support and retest as resistance, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow...
This is a very small trade in terms of pips however the potential percentage is huge. There is an inefficiency shown on my analysis and this must be filled before pushing down from this head and shoulders formation. There are many ways you can incorporate multiple styles together. Using "smart money" with standard chart patterns and fibonacci can be a great...
Trend reversal patter formed. Sharp pattern. Nice shorting opportunity. Thanks.
this is a continuation of the previous analyst...the formation of "head-and-shoulder" is still in making...nothg much to expect...onli 2 points : resistance : 2474-2480.... breakout frm this one to form New Structure High indicates movement to the upside... support : 2300 or the "Neckline"... going lower than this point indicates movement to the...
this is trade no 91)...haidojo trading here...we are right at the support level now, 1587-1594... the neckline is range frm 1550-1560, as long as this neckline is not broken, uptrend still persists...However, as lower-high and lower-low are formed, then higher possible that the price is moving downside... higher resistance level : 1616-1620 immediate...
Based on the 4hr timeframe we could see price making an inverted shoulders head patter. The last 4hr candle close confirm a solid close above the neckline of this pattern. Buy GBPUSD 1.2515 Stop loss 1.2450 Take profit 1 @1.2600 Take profit 2 @1.2675 Take profit 3 @1.2770 good luck
Bearish Head and Shoulders Top pattern Completed on 4HR time frame at the end of an upwards move, signalling a reversal. The Negative Neckline was then Broken @1.24540. Pullback formed towards the neckline, this is a .618 retracement of Swing High to Swing Low of Neckline Breaking move, the golden mean. Equal Measured Move is Lining up with 1.68 Extension of...
Presuming GBPJPY remains bullish upon market open there will be the completion of a head and shoulder pattern which could be an indication of a potential bull run with a good R:R. Also to further clarify this potential bull run there is a inverted hammer candle on the weekly time frame. *NOT FINANCIAL ADVISE* - MERELY AN OPINION.
Euro is making a nice head & shoulders and it has all chances to make a STC near the support level. Manage your emotions and stay focused because this is a nice opportunity to make €. Trading is not making big fat wins dayily, if you think like this, the only thing you will get is fat. I hope you enjoy! Have a great week! Stay safe ! €
Some symmetry can be seen in this pattern, as always symmetry will be seen with H&S patterns but it seems to be extending further than the H&S range. 45 minute chart.
A H&S can be observed in the past and a left shoulder has formed for another H&S, my basis for this is that price will be rejected at mirror resistance level and once head is formed it is very likely right shoulder will be formed. Various other chart patterns can be observed including a symmetrical triangle, which led to a strong upward breakout, and a bump and...
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the...