The EUR.USD is one pair on my watchlist into this evening / tomorrow. As yet I am unsure if we will be looking long on the bounce of 1.0550 as i am awaiting more confirmation on the lower TF's I will be updating this post on the 1hr and 4hr TF if we can an entry.
FX:EURJPY The rate has tested the former broken 4-month long rising trendline as the new resistance and experienced a sharp drop lower. The test level is also important because of the major resistance zone (yellow rectangle) and the higher parallel of the potential falling channel formation (needs the 3rd infliction point to confirm the upper boundary) (the...
FX:AUDNZD After breaking the smaller head and shoulders pattern the rate shot right up. I am now looking for a pullback to the former neckline to enter new long position
FX:AUDNZD The rate has finally climbed up to test the massive inverse head and shoulders pattern neckline at 1.0770. At the moment I expect bears to push the price lower to confirm the neckline resistance, however, I will be looking for an upside break and daily close above to enter a smaller long position and wait for a retest if the old resistance becomes the...
Possibile projection of inverse head and shoulder height
Hi, EUR.USD forming Inverse Head and Shoulder pattern on 4 hours chart. This is the buying opportunity upto FOMC rate statement or my target around 1.0846
break the trendline, potential to create inverse head and shoulders.
FX:AUDNZD The rate has broken the 6-year-long falling trendline resistance and is now climbing higher to test the inverse head and shoulders neckline around 1.1300. I am looking for an upside break and retest to enter new long positions to potentially target the former major support/new resistance area around 1.2100. A strong rejection lower from the neckline...
is this Inverse Head & Shoulder pattern ? adding to my watchlist
Buy Gold, inverted Head and shoulder formation in gold... target 1280 for feb month. Using Pitchfork Tool, Elliott Waves, Inverted head and Shoulder.
Simply, silver completed an inverse head and shoulders If you are willing to speculate on the pattern, you can wait for a minor pullback before entering. First target at the main falling trend line as shown on chart. Second target at 19.00 resistance level. Good luck Luay - Technician
Broke out strongly from the inverse H&S, but facing a potential resistance of the down trend line. Will wait for further consolidating and coiling between the trendline and the broken H&S neckline. Then trade the break of the trendline. If market continues to break higher from here, wait to trade on continuation setups.
Inverse head and shoulders and falling wedge
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WAIT FOR A BULLISH BREAK OUT OF THE CURRENT CONSOLIDATION
Hi Traders, just found some interesting trade setup. Head and Shoulder pattern Divergent in stoch Less Volume in the last few candles more than a reason to buy this pair, But I will only buy during the Breakout. No breakout to the upside i will not enter this trade. Good Luck and Trade Wisely
I'm bullish silver for a number of fundamental reasons, but if this pattern confirms, it's the technical icing on the cake and gives an initial upside target of around $18.5, which coincides nicely with a pre existing zone of horizontal support and resistance. We also broke out of the long downtrend, we retested that steep line as support from the other side, and...
Short term sell for the breakout in this Oil. divergent already formed in stoch If the short fromed Head and Shoulder. Will closed the short trade and perform long position.