Looks like we got a retest of the daily H&S neckline.. Next target would be weekly support at 1.14500 area before a rebound back to the upside. Trade with care! :)
Price broke out of its downtrend line, came back to retest & looks like a nice buy opportunity is presenting itself. Monthly support is the potential target
Waiting to see if we can get a potential completion of head on shoulders pattern for a strong bearish move ...
Watch for breakout & close below 1.6800 zone (H&S neckline). This pair rejected its weekly downtrend line that has held since 2015, I believe this pair has a lot of room to the downside. GBP news this week, I will look to go short during that time. Nice opportunity here for a long term short potential will be watching closely!
A clear pattern trade We see a clear H&S and French public sector workers also went on strike on Tuesday against President Emmanuel Macron’s plans to cull jobs and toughen pay conditions, forcing airlines to cancel hundreds of flights and disrupting school activities. At this moment the CAG40 is being supported to protect investors, this can't go on. We need to...
Monthly head on shoulders pattern, take it down to the weekly the downtrend line has been reached, & is rejecting at the 50 fib now consolidating waiting for a breakout. I believe from the looks of it that we will be have a potential reversal & be heading down to complete this possible H&S Pattern.. !
Nice one on the watch list here guys, we ended off the week with a strong bear candle breaking an uptrend line, now waiting for a pullback to broken trend line & will probably have a pending entry at the 50 fibonacci level, Price should touch it the fall hard. stop loss would be 40 pips (above supply zone) -Purple rectangle. Definitely one to watch here :)
Potential daily head on shoulders pattern forming, expecting a potential pullback to 1.18550-1.18700 area with a candle stick reversal candle to indicate short, after break of uptrend channel, looks like price is now forming lower lows & lower highs. I am waiting for lower high to complete so a new lower low can be formed. Will be watching closely next week! :)
Price looks like it may be forming a head on shoulders pattern here on the 4 hour. Price recently tried to break resistance but failed, pushing it back to the downside. There is still a potential Gap needing to be filled could it be the time where the dollar loses more weakness? Keep in mind the FOMC meeting is tomorrow could bring a lot of volatility to the...
Head on shoulders pattern still in play, price making higher highs & higher lows. Watch for potential pullback to support before going higher or break of the recent high. Price may see 1.32500 area soon.. ! : )
Supply zone 142.500 holding strong, price opened with a small gap & may need to be filled. Possible head on shoulders pattern spotted indicating possible long if break above supply zone. But at the same time a double top / 200 ema possibly acting as resistance, & price may not be able to break above. North Korea practicing missile launches opened up the market...
Head on shoulders pattern came into play, price making new lower lows & lower highs. Breakout of support / uptrend line, & price rejected 61.8 level as well. I expect a possible pullback to broken zone before pushing farther down! Trade with care! :D
Possible head on shoulders spotted / cypher. Price rejected 1290.00 resistance with a shooting star & pushed to the downside. More bearish price action expected watch price action @1280 area for a break below or retracement. Trade with care !
Possible head on shoulders pattern here, price @ pullback zone & we have GBP news release in a couple hours, possible setup here if pound has negative news again. Watch for breakout of triangle to enter short. Good risk /reward if news plays out properly.. Nice setup here ! Trade with care
Possible head on shoulders pattern spotted. Price may pullback to the upside weekly resistance before falling.. Will be watching price action a break above weekly resistance may make this setup invalid.