Inverted Hammer

What the chart is showing us: - AUDUSD approaching resistance at the 0.7700/50 levels - Friday candle closed and formed an inverted hammer - RSI just about touching the OB levels - Completed a Harmonic bearish Bat pattern Potential targets down at 0.7500 (support/resistance zone) Let's see how the price moves at the start of the week

The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.

After considerable Yen weakness, xxxJPY pairs rose hundreds of pips. It seems like too unsustained of a move to me, so when such a strong short setup appears as shown above, It seems a very good opportunity. Price reached a significant horizontal resistance zone Price has made contact with the resistance trendline and shown a spinning top (inverted hammer?) ...

Target 6500-6600

I think the price correction is completed. In the H4 time frame we have three reversal patterns, an inverted hammer, an engulfing and a doji. Furthermore, first two reversal signals shape a tweezers top. Thus, we have different reversal signals that can give us short opportunities that could push the price near 123,6% Fibo retracement or in 0,71437 price ...

On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give ...

With nearly a 5% gap between the current price and the base line and the rejection of the 45.92 dollar mark, indicated by the inverted hammer with the green highlight, the security is very overbought we can expect a corrective structure to take place and thus retrace back to the ~43.5 dollar mark. Please note that this is a short-term analysis and thank you all ...

$WY should see this move north upon completion of this inverted head and shoulders

This has been on our watch for 2 months watching and waiting for clear decelleration + technical confluence to look to get lon, and this weeks finish looks to have completed that, breaking out of the Bullish wedge upon many key confluent areas as highlighted on the chart. This all stacked together looks like a excellent Reward / Risk potential trade coming up in ...

Bullish outlook 1. Inverted hammer at bottom of trend 2. Double bottom 3. Massive retracement 4. Bullish Wedge 5. Some key support area 2.065 6. Fibonacci .618 retracement

1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside

https://www.tradingview.com/x/5NKLRtIi/ FX:AUDUSD Aussiedollar could bounce back into the recent range as it hits support and formed an inverted hammer. Entry would be above the wick and stop below the support. Profit target would be the top of the range. Good luck trading! Dave www.davetromp.net

https://www.tradingview.com/x/2lO501Lm/ FX:GBPUSD An inverted hammer on support. Go long at the break of the wick with a stop behind the support level. Take profit at the next S&R level. See how I trade at www.davetromp.net Good luck! Dave

The EUR vs JPY has formed an Inverted Hammer which is a indication of a possible reversal. This is a bullish reversal pattern which has formed right at support of the Kijun Sub. The previous 6 days where bearish until the bulls attempted to push the price higher. Even though the bears where able to push the market back down this shows that bulls have taken ...

Long term I am neutral on this pair, however the recent EUR pull back brings about great opportunity to buy on the dip as it seems to be respecting the technical levels. The trade setup is explained on the chart, looking for a short term trade on this - however I feel there is further upside potentially. Many thanks

basic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.

The GBPUSD has been ranging for a just over a month now but this choppy consolidation began to show signs of movement again by the end of last week. This week we have finally seen some real movement and it appears to be ending with a nice little set-up. There is some heavy resistance on the Bullish side with the 50ema laying on thee 1.5000 level, which has acted ...

BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE