Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the...
$UTHR has built a text book classic Head & Shoulders top. It is resting near its neckline breakdown area $213.75. Consolidation above the neckline breakdown area of $215-$220 has created a bearish looking pennant formation. All in all $UTHR looks sickly, and probably headed for lower prices. If neckline of $213.75 breaks, downside obj =$190.00
NASDAQ currently suggests that we could be seeing strong selling and a continuation of the down-trend should be imminent from this week forward. Looking over the statistics of 2022, whenever we had a correction, as we did for a few weeks now and finally ended in the red last Friday, the NASDAQ dropped for at least 2 weeks with strong momentum, if history is...
We have the head and shoulders pattern on the 1hr TF on the cad/chf chart. This can be our guide to going long. If you look closely at the price action, you can see that we have the first higher high on the chart, as well as a breakout of the counter trend line. The weekly candle also suggests bullish momentum, but the daily candle suggests indecision, so maybe we...
Am I seeing this right? I think I am. I have chosen to allocate 8.79% of my portfolio into this short trade. With a 6/1 R/R, the potential exists for up to 93%+ profit. Of course, I will be taking profits along the way if it works out. First take exists around 5 cents. Entry was .085 with a final target of .00588! My spreadsheet has been updated with this most...
CADJPY has retraced to a position where we can consider short swing position. Its time to look for reversal patterns coming week
Weekly TimeFrame shows a retracement of 61.8. On D1 we have a potential Bullish Flag. Looking to Confirm our entry after close of D1 candle today.
We had a previous USDCAD analysis and we still holding the LONG Bias to for the Head and Shoulder Formation.
Hi everyone, Yesterday I talked about how DOTUSDT was going to retest an important support level and bounce from it which it actually did. (link down below) Today we are looking at BTCUSDT where we just did a retest of the lower time frame head and shoulders and we are now at the major resistance level. In the last couple days, I mentioned that we were...
Looking at the graph, we can see a very high-quality inverted head and shoulders pattern, because the second top made a way higher top than the first top. To add to that, the volume is decreasing rapidly, meaning we are very near the next bottom. This would be definitive for the ETF, because if this ETF increases in price, than the house prices would drop. This...
We still Hold our position SHORT for NZDUSD. We have a Head ad Shoulder increasing our probabilities for SHORT position.
OANDA:NAS100USD Nasdaq has broken it bullish move. The head and shoulder pattern was an indication of trend changing to bearish and the pattern proved to be bearish. Currently awaiting on a retest at key support turned into resistance. A bearish engulfing pattern will be a confirmation to go short on Nasdaq.
We have a confirmed inverted head and shoulders pattern on the hourly usd/jpy chart. We can use this pattern as a guide for trading this pair in the early days of next week. NFP has been unexpectedly good so this may be fuel for US dollar strength. The pattern is confirmed according to my strategy, as we have a daily close above the neckline of the pattern. So, if...
Been bearish on the market since the beginning of the year. Not sure it slows down here anytime soon. Could continue to chop but still see downside ahead over next 6 months.
Hey traders, in today's trading session we are monitoring BITCOIN for a selling opportunity around 228 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Bullish Head and Shoulders is forming on currency pair USDRUB, target points are defined with the stoploss.
Short Selling 10-Year Yield. All information is on the Chart. Head and Shoulders is a measured move. Entry: 2.8 Stop: 3.2 (Above Right Shoulder) Take Profit: 2. Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself. Invest safe...
Setup USDJPY based on chart pattern Head and Shoulder. Sell = 137.927 SL = 138.950 TP = 135.450 RR = 1 : 2.4