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Headandshouldersformation

Ardmore Shipping Corp - Exciting Chart Pattern Disclaimer: This post is purely based on technical chart analysis and is not a recommendation to buy or sell. Please do your own research and consult with a financial advisor before making any investment decisions. Last Year in May 2024, stock price was at nearly $23. from that level it fall to $8.5. During this fall and rise, stock has made an inverted Head and Shoulder Chart Pattern. According to my analysis , i have marked some of levels on the chart for reference. Please share your thoughts. Best wishes.
NYSE:ASCLong
by CandleQuest
1
Lucky Cement Ready for Major Upside | Demand Tested, Supply NextHello Billionaires!! Lucky Cement (LUCK) has successfully completed its Head & Shoulders pattern, reaching into the demand zone and now showing early signs of reversal momentum. 📊 Technical Breakdown: ✅ Head & Shoulders completed — possible end of distribution phase 💎 Demand zone tested and held strong 🔷 Triangle pattern breakout forming 🎯 Targeting Complete Supply Zone (550–560 PKR) 🧠 Smart Money structure: accumulation → expansion → distribution ⚡ Possible Scenario: Short-term retracement toward demand to grab liquidity before a strong impulsive move toward the major supply zone. 💬 Watch for bullish confirmations near 430–435 PKR for a potential rally toward 550+ PKR.
PSX:LUCKLong
by AliyanFX
MARA: shoulders done, now walk toward the targetOn the daily chart, MARA completed a textbook inverse Head & Shoulders reversal with a clear breakout above the descending trendline. A corrective pullback followed, and the price is now heading into the key buy zone at 15.21–15.77 - aligning with the 0.72 and 0.79 Fibonacci retracements, and the upper boundary of the broken channel. This is the area to watch for a potential continuation of the bullish impulse. Volume on the breakout was above average, confirming strong buyer interest. The EMAs are trending below the price, supporting the upward structure. The first target is located at 21.57 (previous resistance), with a potential extension to 28.77 (Fibonacci 1.618). Fundamentally, MARA remains highly correlated with BTC and crypto sentiment. As interest returns to crypto-related assets due to ETF flows and possible Fed easing, mining stocks like MARA gain attention. Recent reports also show improved production efficiency and lowered costs - a tailwind for bulls. Tactically, the best setup would be a confirmed reaction from the buy zone — whether a strong candlestick formation, volume surge, or reclaim of a key level. If that happens, aiming for 21.57 and 28.77 becomes a solid plan. The pattern played out - now it's time for the market to walk the talk.
NASDAQ:MARALong
by TotoshkaTrades
3
AMAT 1W: Retesting the Neckline Before the Next Move?On the weekly chart, Applied Materials (AMAT) has completed a clean inverted head and shoulders breakout around $226, and is now pulling back to retest the neckline zone near $200–211. This area acts as strong support. If buyers defend it, the bullish pattern stays valid, with a projected target around $277, matching the 1.618 Fibonacci extension. From a fundamental perspective, AMAT remains a key semiconductor player, benefiting from ongoing demand for chip-making equipment. The pullback looks more like a healthy pause than weakness - a classic chance for latecomers to re-enter. Funny enough, the “head and shoulders” pattern, known for signaling tops, is doing the exact opposite here - apparently, even the market likes a good plot twist.
NASDAQ:AMATLong
by TotoshkaTrades
Short! Short! USDCAD - Double Head and Shoulder PatternI have identified a clear head and shoulders pattern forming within a larger head and shoulders structure on the daily timeframe for USD/CAD, indicating a potential bearish reversal. From a fundamental perspective, several key factors are contributing to the current weakness in the Canadian dollar against the US dollar: Canada's labor market showed significant weakness in August 2025, with a notable loss of 65.5 thousand jobs and a rise in unemployment to 7.1%, the highest in years. This has increased market expectations for monetary easing from the Bank of Canada (BoC). Although core inflation remains above target, the weak jobs data is pushing the BoC towards potential rate cuts or a more accommodative policy stance, which weighs on the Canadian dollar. The market is currently pricing in a very high chance (around 98%) of an additional rate cut by the BoC in September, following previous reductions to 2.75%. This dovish stance contrasts with the Federal Reserve’s more cautious or hawkish approach, creating a wider interest rate differential that supports US dollar strength. Additionally, declining oil prices, a major export for Canada, are exerting further downward pressure on the CAD. While recent US economic data has been mixed, the Fed is generally seen as less dovish than the BoC, sustaining demand for the USD. Trade tensions and geopolitical risks between the US and Canada add to concerns over Canada’s growth outlook, contributing to CAD depreciation risk. Trade Tip A strong close below the Entry line will be a perfect entry /4hr TF Stoploss : Above the Left Shoulder (Red Rectangle) In summary, the combination of a weakening Canadian economy, dovish BoC bias, lower oil prices, and interest rate divergence between the US and Canada all support a bearish outlook for USD/CAD, which aligns well with the bearish head and shoulders pattern I have spotted on the chart. Not an Investment Advise
Short
by REUBEN_EUSTACE
XAUUSD Trade Plan Follow UpThe threat of a U.S. government shutdown is intensifying, heightening the stakes and sustaining elevated gold prices in the wake of recent Federal Reserve and President Trump speeches. Additionally, U.S. jobless claims data is set for release this morning, with the forecast at 240,000 compared to last week's 264,000. If jobless claims come in better than expected (i.e., below 240,000), it could pave the way for an ABC correction in gold prices. Finally, monitor the PCE report scheduled for this Friday, with a forecast of 2.6% year-over-year for the core measure and a previous reading of 2.9%.
FOREXCOM:XAUUSD
by Michael_Harding
SOXL 1D — With a base like this, the ride’s worth itOn the daily chart of SOXL, since early March, a textbook inverse head and shoulders pattern has formed and is now in its activation phase. The left shoulder sits at $16.67, the head at $7.21, and the right shoulder at $15.11. The symmetry is classic, with volume stabilization and a narrowing range — all the elements are in place. The key moment was the breakout through the descending daily trendline around $19.00. Price didn’t just pierce the level — it held above it, signaling a phase shift. There was an attempt to break through the 0.5 Fibonacci level at $19.60, which led to a pullback — not on heavy selling, but on decreasing volume. This wasn’t a rejection, it was a pause. This pullback serves as a retest of the breakout zone and the 20-day moving average. The overall structure remains bullish: price stays above all key EMAs and MAs, RSI climbs past 60, and the candlestick structure is stable. Volume rises during up moves and fades during pullbacks — classic signs of reaccumulation. The measured target from the pattern is $32.00, calculated from the head-to-neckline height projected from the breakout point. As long as price holds above $18.40, the setup remains intact. A break above $19.60 with confirmation would open the door to acceleration. This isn’t a momentum play — it’s a setup months in the making. The structure is there, the confirmation is there, and most importantly — the price behavior makes sense. With a base like this, the ride ahead looks worth taking.
AMEX:SOXLLong
by TotoshkaTrades
4
DRIFT — No More Drifting, Breakout ImminentDRIFT has been trading sideways in a 226-day range, capped by resistance at $0.75. The POC of this entire range sits at $0.6, and price is currently trading above it at $0.62. Volume spikes within the range show solid participation, and the structure is starting to resemble a Head & Shoulders formation with a neckline at $0.75 that needs to break. Bullish Confluence (Support Zone) Trading above: 21 Daily EMA ($0.593) / SMA ($0.592) 21 Weekly EMA ($0.577) / SMA ($0.549) 200 Daily EMA ($0.5828) / SMA ($0.5483) Monthly Open → $0.5888 0.618 Fib retracement of current move → $0.5987 (long trigger) Clear invalidation: below weekly 21 SMA ($0.549) / daily 200 SMA ($0.5483) Resistance Confluence (Target Zone $1.3–$1.38) nPOC of the end 2024 / early 2025 trading range → $1.3 0.786 Fib retracement → $1.2935 0.382 Fib retracement of entire downtrend → $1.3056 0.618 Fib retracement of smaller wave → $1.3677 Yearly Open → $1.3664 500M Market Cap → $1.38 📌 This creates a resistance cluster between $1.3–$1.38, an ideal take-profit zone and potential short opportunity. 🟢 Long Setup Idea Entry: $0.62–$0.60 (ladder in near confluence with Fib + support levels) Stop: Below $0.55 (weekly 21 SMA/ daily 200 SMA invalidation) Targets: TP1: $1 TP2: $1.3 Potential Gain: +115% Quick Take If $0.75 breaks, DRIFT could move quickly toward $1.3–$1.38, a zone stacked with resistance and confluences, the perfect place to secure profits/look for a short setup. Key Levels Support: $0.62–$0.60 (Fib + POC + EMAs) Resistance: $0.75 neckline, then $1.3–$1.38 (confluence cluster) 🔍 Indicators used LuxAlgo — Liquidity Sentiment Profile (Auto-Anchored) DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points Multi Timeframe 8x MA Support Resistance Zones → to identify support and resistance zones such as the weekly 21 EMA/SMA. Fair Value Trend Model → Calculates a regression-based fair value curve ➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
Yes the chicken man - PPC Short?PPC is at the bottom of a monthly box and at VAL of the daily and weekly anchored volume profile. It could catch a bid here and retest $45.60s(VPOC). If the retest ends in a rejection of that area, and a daily close below the previous low around $41.95 then I expect short continuation and validation of the H&S. I would especially like this trade after a retest and rejection of box bottom around $43.41 - $43.30. My targets would be 40.11, 38.98, 37.27,35.96 then 33.72.
NASDAQ:PPC
by The_Villain_777
4
Build-A-Bear WorkshopClassic ChartWizards setup. NYSE:BBW ChartWizards first reported on NYSE:BBW around $22 back in 2022, buying the clean Head & Shoulders FAILURE breakout that most ignored. Since then, BBW has been one of the most consistent secular uptrends we’ve tracked, grinding higher through 2023–24 with textbook pullbacks and measured breakouts. In mid-2025 we flagged the move through $38 as a fresh all-time high and a technical validation of our multi-year bullish stance. Fast forward to September 2025, and the stock has exploded to $71, a more than 3x move from entry. I’ll say it again: I’m biased, but I don’t think anyone has covered this name better than we have. This is the kind of chart that defines what Chart Wizards is all about.
NYSE:BBW
by jBTCkingaling
DIXON Clears ₹17,000! Strong GDP Data Fuels Momentum...DIXON has been consolidating in a bullish structure over the past few weeks, forming an Inverted Head & Shoulders pattern on the daily timeframe – a strong reversal signal that often precedes major trend shifts. 📈 Technical Breakout: Today, the stock broke above the ₹17,000 neckline resistance with strong volume and closed 5.3% higher intraday. This breakout candle confirms buyer dominance and signals a potential shift into a sustained uptrend. 🔍 Trade Plan: * Entry Zone: Look for a retest of ₹17,000 for a safer entry. * Stop-Loss: ₹16,450 (recent swing low & neckline support). * Target Levels: * 🎯 ₹18,200 – Near-term resistance based on recent price action. * 🎯 ₹19,000 – Next significant supply zone. * 🎯 ₹20,200+ – Medium-term target based on pattern projection. 🌐 Fundamental Tailwind: India’s strong GDP growth data has boosted investor confidence, providing a macro push that aligns with DIXON’s bullish breakout. The confluence of technical strength and economic optimism increases the probability of a strong follow-through rally. 📊 Takeaway: This setup combines a clear breakout, defined risk levels, strong volume confirmation, and positive macro sentiment – an ideal scenario for trend-following traders.
NSE:DIXONLong
by Kartik_Elkunchwar
Reverse Head & Shoulders on XAUUSD (CFD)🟢 Reverse Head & Shoulders on XAUUSD (CFD) On the 1H chart, the market has recently completed a five-leg structure, which visually aligns with a reverse head & shoulders pattern: ① Left Shoulder: Formed around 3338 with a local support bounce. ② Minor High: First rejection confirming neckline area. ③ Head: The lowest point near 3320, creating a liquidity sweep below previous lows. ④ Right Shoulder: Retesting neckline after liquidity grab. ⑤ Confirmation: Price rejecting higher lows, aligning with bullish order flow. Key Technical Insights: Neckline Break: A clean break above the descending neckline (around 3348–3350) could validate the pattern. Targets: First target around 3350–3360 (short-term liquidity pool). Extended target near 3410 if bullish momentum continues. Invalidation: A drop back below 3320 would invalidate the structure and open the door for deeper bearish continuation. SMC Context: The head represents a sweep of liquidity beneath prior lows. The right shoulder forms with mitigation and BOS signs, suggesting a possible shift in market structure. If BOS confirms above the neckline, price is likely to fill imbalance zones toward higher liquidity areas. --- 📌 This setup highlights both a classical pattern (reverse H&S) and smart money concepts, merging retail and institutional perspectives for a stronger confirmation bias.
TVC:GOLDLong
by mmozafari1357
LINK Rally Cools Off — Next Long Opportunity at $20LINK has awakened with strength, rallying +60% in just 10 days. Price completed a clean 5-wave Elliott impulse, topping at the 1.0 trend-based Fib extension, which aligned with: 0.702 Fib retracement Pitchfork upper resistance line Key resistance zone This perfect confluence marked the 5th wave top, followed by a -13% correction. 🔴 Short Opportunity The current structure is forming a Head & Shoulders pattern. ➡️ Resistance zone: $23 – $23.5 🧩 Confluence factors: Anchored VWAP (red line) from the 5th wave top Fib speed resistance fan – Golden Pocket ➡️ Target: $20 support zone. 🟢 Long Opportunity Zone The $20 zone offers the strongest confluence for a long entry: Yearly Open (yOpen): $20.02 0.5 Fib retracement: $20.09 (of the 5 Elliott waves) Pitchfork golden pocket Anchored VWAP (green line): $20.28 (swing high) Fair Value Gap (FVG) / imbalance fill Liquidity pool $20 psychological level Trade Plan: Entry: $20.5 – $19.5 Stop Loss: Below $19 Take Profit: $25 Potential gain: +25% R:R: ~1:5 🔍 Indicators used: DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
15
GBPUSD – Hourly Head & Shoulders in PlaySpotting a potential head and shoulders pattern on the GBPUSD hourly chart. I’m still waiting for confirmation before entering the trade. Trade Setup: Risk/Reward: 3.4 Entry: 1.34433 Stop Loss: 1.34645 Take Profit 1 (50%): 1.33822 Take Profit 2 (50%): 1.33603 On the higher time frame, price is also testing diagonal resistance — adding extra confluence to the short bias. For now, it’s a waiting game to see if the pattern confirms. 💡 Trading Tip: Nobody knows for certain where the market will go — always predefine your risk before entering a trade. Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
Short
by GTradingMethod
Gold short – Head and Shoulders Setting Up on 15min?There’s a potential head and shoulders pattern forming on the 15-minute chart. 📌 What I’m watching for: A 15min candle close back inside the neckline range Lower volume on the right shoulder vs. the left (to confirm weakening momentum) 🧠 Trade Idea (Short bias) 🎯 Entry: 3380.9 ❌ Stop Loss: 3388.0 ✅ Take Profit 1 (50%): 3358.9 ✅ Take Profit 2 (50%): 3346.3 ⚖️ Risk/Reward: 3.8R This setup lines up with my trading method that focuses on structure, volume, and clean risk/reward. 🤔 What are your thoughts on gold today? Are we about to roll over — or will bulls push through resistance?
PEPPERSTONE:XAUUSDShort
by GTradingMethod
2
US100 Index – Potential Bearish Reversal in Key Resistance Zone🧠 US100 Index – Potential Bearish Reversal in Key Resistance Zone Timeframe: 30-Minute | Chart Published: July 24, 2025 --- 🔍 Overview The US100 (NASDAQ) has been trading in a well-structured ascending channel, forming higher highs and higher lows. However, recent price action suggests that the index is testing a critical supply zone near 23,400, with signs of weakening bullish momentum. This may signal a potential corrective phase or bearish reversal. --- 📈 Technical Analysis Breakdown 🔵 Trend Structure: Price is respecting a clear ascending trendline (blue), connecting multiple higher lows. Multiple bullish flag/channel formations have been completed within the uptrend, showing healthy momentum until the current point. 🟥 Resistance Zone: Strong supply zone marked between 23,250 – 23,450. Price action shows stalling candles and rejection wicks within this zone, indicating buyer exhaustion. ⚠ Bearish Patterns: The red path projection suggests a head and shoulders-like structure forming at the top of the channel. This, along with divergence in wave strength and shrinking momentum, supports a potential reversal. 🔵 Key Support: First support lies around 23,000 — aligning with the ascending trendline and previous consolidation. If broken, next demand zone is around 22,835 – 22,900, where historical consolidation took place. --- 🔁 Projected Scenario (as per visual path) 1. Price may attempt one last push into the 23,400–23,450 zone (possible false breakout). 2. Rejection from this level could trigger a fall toward the ascending trendline support. 3. A confirmed break of the trendline can lead to a larger correction toward the 22,800 zone. --- 🧠 Unique Insight This chart combines multi-timeframe structure recognition with a real-time reversal formation inside a long-standing bullish trend. The analysis doesn’t just rely on textbook patterns—it recognizes real-time price behavior shifts, which makes it valuable for proactive traders. --- 📌 Conclusion While the trend remains bullish overall, caution is warranted as the US100 approaches a historically significant resistance zone. The setup offers a compelling risk-reward short opportunity for aggressive traders, especially if the price confirms a break below trendline support. --- 🔧 Next Steps for Viewers > “Watch for a clean rejection candle or lower high at resistance before entering short. If trendline breaks cleanly, 22,835 could be the next target zone.”
TVC:NDQShort
by AllyPipsExpert
1
ZORA 5-Wave Completion — 30% Crash Incoming?After exploding +1150% in just 20 days and completing all 5 waves, ZORA is now consolidating — trading sideways just under the $0.10 psychological level for the past 4 days. 📉 Current Market Structure The current structure shows signs of a developing Head & Shoulders pattern, with price: Trading below the daily open (dOpen) and weekly open (wOpen) → Bearish signs Hovering near the prior daily open (pdOpen) → a breakdown here would confirm bearish continuation 🔴 Short Setup - Bearish Scenario If ZORA breaks below pdOpen, we’re likely heading for: 0.618 Fib retracement at $0.06137 of the final wave 5 Confluence with 1.272 Trend-Based Fib Extension (TBFE) at $0.06148 This zone marks the next high-probability reaction point and a potential long opportunity if price shows a bounce or reversal. 📉 Overall Short Trade Target The full retracement target sits between $0.0529 and $0.0514, offering multiple layers of confluence: 0.5 Fib retracement of the full 1150% move 0.786 Fib retracement of the final wave 5 Aligned with an old trading range and daily level This makes it an ideal demand zone for patient bulls but only once price confirms. 💡 Educational Insight This setup highlights an example of Elliott Wave Theory in action — after a strong 5-wave impulse move, markets often enter a corrective phase. The completion of wave 5, especially near key psychological levels like $0.10, often marks a local top, where price corrects toward key Fibonacci retracement zones. Combining wave structure with confluence factors like Fib levels, VWAP, and prior trading ranges helps traders identify high-probability reversal zones — allowing for better timing, risk management, and trade planning. Always wait for confirmation before jumping into any trades. Summary Bearish continuation confirmed on pdOpen breakdown First support zone: $0.0613–$0.0614 Final downside target: $0.0529–$0.0514 Look for long opportunities only on reaction + confirmation _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
9
GBPUSD – Daily Timeframe Analysis: Head & Shoulders PatternThe GBPUSD daily chart is currently presenting a textbook Head & Shoulders reversal pattern, a powerful bearish signal that often marks the end of an uptrend and the beginning of a new downward cycle. This setup demands attention from swing and positional traders alike, especially considering the size and clarity of the structure. 🔍 Pattern Breakdown Left Shoulder: Formed in late May, establishing a significant high before a corrective move. Head: A higher peak was made in early June, which now stands as the pattern's highest point. Right Shoulder: A lower high formed in mid-July, indicating weakening bullish momentum. Neckline: The crucial horizontal support zone around 1.3330–1.3340 was tested multiple times and has now been decisively broken, triggering a confirmed bearish setup. 📊 Technical Significance This Head & Shoulders pattern becomes especially meaningful due to: Multiple rejections at the neckline, confirming its strength as support-turned-resistance. Bearish volume expansion on the breakdown, adding weight to the selling pressure. Formation on a daily timeframe, suggesting a long-term trend reversal rather than a short-term pullback. 📌 Trading Strategy for Traders ✅ Sell Setup (Short Position) Entry: Around the neckline zone on retest (1.3320–1.3340) Stop Loss: Above the right shoulder (~1.3550) Targets: 🎯 Target 1: 1.3100 (psychological and horizontal support) 🎯 Target 2: 1.2900 (measured move from head to neckline) 🎯 Target 3: 1.2650–1.2600 (extended downside zone based on structure) ⚠️ Risk Management Tips: Don’t chase the breakdown — wait for a pullback/retest of the neckline to get a better risk/reward entry. Ensure position sizing is appropriate based on the stop loss distance. If price reclaims the neckline with strong bullish momentum and closes above 1.3350, exit short and reevaluate. 🧠 What Traders Should Keep in Mind Macro Fundamentals: Watch upcoming economic events like BoE rate decisions, US NFP, and inflation data, which can cause volatility and impact the technical scenario. Dollar Index (DXY) trend should also be monitored closely. If DXY rallies, GBPUSD breakdown can accelerate. Trendline Confirmation: Align this with any break of rising trendlines drawn from previous lows. 📌 Final Thought This pattern marks a crucial turning point in GBPUSD. The momentum has clearly shifted from buyers to sellers, and the breakdown opens up significant downside room. As a swing or position trader, this is a high-probability setup with a clear invalidation point (above the right shoulder) and a favorable risk-reward ratio. 📉 Patience and precision are key here. Let price come to you at the neckline, confirm rejection, and then take the trade with confidence. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
Short
by TradZoo
8
USDJPY Forming Bullish Reversal | MMC Analysis + Target🧠 Chart Overview (2H Timeframe) 🔸 1. Head and Shoulders Inverse Pattern – MMC Bullish Blueprint The chart beautifully shows an Inverse Head & Shoulders pattern, one of the most powerful reversal signals under MMC logic: Left Shoulder: Formed after the initial drop and quick recovery. Head : Deep liquidity grab and reversal from the lowest point (demand zone). Right Shoulder: Higher low structure, indicating reduced selling pressure and shift in momentum. This pattern is forming around a previous liquidity zone, which makes it more valid and aligned with smart money behavior. 🔸 2. Retesting Zone – Critical MMC Demand Area Price is now retesting a highlighted demand zone, which acted as the springboard for the previous bullish move: Bullish Pattern marked aligns with MMC’s concept of “Return to Origin”. This zone also sits just above the right shoulder, confirming that buyers are defending aggressively. If this level holds, we may see a strong continuation move to the upside. 🔸 3. Previous Reversal Zone (Supply) – Next Target Area Marked in light green, this area is the next critical resistance: Acts as liquidity target for institutions if price rallies. Historically acted as a major reversal point. Price is likely to show reactions or profit-taking behavior here. Once broken and retested, it becomes a new support for further upside continuation (as marked on the chart). 🔸 4. Dual Scenarios – Bullish vs Bearish Pathways Your chart correctly outlines two strategic possibilities: ✅ Bullish Scenario: Price respects demand zone. Breaks above previous reversal zone (149.000+). Bullish continuation toward 149.800–150.500 range. MMC tip: “If it goes bullish, use previous demand or double it” = Add confluence or stack demand zones for scale-in entries. ❌ Bearish Scenario: If price breaks below retesting zone, bullish invalidation triggers. Look to the previous all supply zone (Zone Pattern Must) for next reaction. This scenario reflects smart money rejection of upside continuation. 🗂️ MMC Structural Elements Identified: Zone/Pattern Role in Analysis Inverse H&S Trend reversal signal Retesting Zone Demand/entry area Previous Reversal Zone First key resistance / next liquidity pool Supply Zone Below Target in case of downside breakdown MMC Logic Follow price structure, fakeouts, demand/supply traps 📈 Summary Outlook: USDJPY is showing a technical bullish structure backed by MMC-based price psychology. The current pullback into a demand zone gives traders an excellent R:R opportunity for long positions, targeting higher zones upon breakout confirmation. 🟩 If bullish, breakout >149.000 will likely lead toward 150.000+ 🟥 If bearish, breakdown <147.600 opens doors to deeper drop toward 146.000 zone (watch for reversal pattern). 🔑 Key Levels to Watch: Type Level Range Notes Support 147.600–147.800 Current retesting demand Resistance 148.800–149.300 Previous Reversal Zone (Profit booking area) Higher Resistance 150.500+ Final upside objective Breakdown Zone <147.500 Flip to bearish scenario
Long
by GoldMasterTrades
XRP Coiled in Range — Liquidity Below, Trade Setups AheadXRP has been stuck in a trading range around $3.50 for the past 5 days, offering multiple trade opportunities within the chop. A notable short was triggered after a swing failure pattern (SFP) at the 0.666 fib retracement level near $3.563. Now, with liquidity building to the downside, we’re watching closely for the next high-conviction setups. 🧩 Current Structure & Short Setup 🔴 Short Opportunity (Triggered): SFP + 0.666 fib retracement at $3.563 led to rejection. Market now shows a head & shoulders pattern forming. Target: $3.2176 (0.618 fib retracement). Trigger: Watch for a neckline break + retest for short confirmation. Stop-loss: Above the right shoulder. 🟢 Long Setup: Watching for a high-probability long around: $3.26 → nPOC + 1.272 TBFE $3.23 → anchored VWAP bands This zone offers strong confluence and could act as the next launchpad. Long Trade Plan: Entry Zone: potential entries between $3.26–$3.22, price action needed for confirmation Stop-loss: Below swing low at $3.1675 Target (TP): ~$3.40 ✍️ Plan: Set alerts near the lows and react to price action at the zone — don’t front-run, let structure confirm. 💡 Pro Tip: Trade the Confluence, Not the Emotion High-probability trades come from confluence, not guessing. This setup combines nPOC, TBFE, VWAP, fib levels, and classical market structure (H&S) to map precise zones for both longs and shorts. Let price come to you and wait for confirmation — especially in a rangebound environment where liquidity hunts are frequent. Final Thoughts We’re still rangebound, but liquidity is building below. Keep an eye on the $3.26–$3.22 support zone for long entries and the H&S neckline for short breakdown confirmation. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
14
GBPUSD Long Opportunity – Inverted Head & Shoulders PatternGBPUSD is currently forming a classic Inverted Head & Shoulders pattern on the 1-hour timeframe — a powerful trend reversal signal that typically marks the shift from bearish to bullish momentum. The structure is clear, with a defined left shoulder, head, and right shoulder, and price now approaching the neckline resistance around 1.3488–1.3495. Traders should now shift focus to two key confirmation events: A neckline breakout A successful retest of the neckline with a bullish reversal candle (e.g., bullish engulfing) 🔍 Trade Plan (Long Setup) Entry: After 1H candle closes above neckline (~1.3490), wait for a retest of the breakout Enter long on bullish confirmation candle during the retest Stop Loss: Below the swing low of the retest (around 1.3440–1.3450) Risk/Reward Ratio: ~5.5:1 🎯 Target Zones: TG1: 1.3540 (Minor Resistance) TG2: 1.3585 (Next structure zone) Final Target: 1.3627+ (Full measured move from pattern) 📌 Confirmation Tips: Look for bullish candlestick confirmation on neckline retest (bullish engulfing, hammer, or strong rejection wick) Avoid entering inside the pattern – confirmation is key to reduce false breakouts ⚠️ Note to Traders: This setup aligns with a possible shift in sentiment for GBPUSD. The pattern is developing against the larger downtrend, so discipline and stop-loss protection are crucial. A successful breakout and retest would suggest a potential short-term bullish reversal with clean upside targets. 🧠 Stay patient. Let the breakout confirm. Execute with structure. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
by TradZoo