AUD/CAD Recently rejected huge resistance/trendline levels. Currently in a Head and Shoulders pattern. Only when neckline is broken is a good time to short. If market structure changes then the idea is void. Trade safe traders.
keep ya eyes open for a neckline break of that SHS pattern..if we see a nice break n close there is no reason why you shouldnt enter short
possible double top at usd cad ... we need to break the neck and the trendline before a short will be executed...a bounce and continuation upside also possible so lets react to price movment not predicting it ;-)
sweet SHS formation....waiting for a neckbreak before enter short
Break of neckline to go short
H&S forming at monthly level adds to the downside move. Break of the neckline is a short signal for me.
Currently, EURUSD is in a shoulder-head shoulder pattern. If this formation is confirmed and the neckline breaks, the first profit target is at 1.1700. If you trade this pattern by mirroring the height at the neckline, the target is even 1.1500.
Head and shoulder pattern emerging on the 4 HR chart for USD/PLD. The pair moved back up to the neckline and waiting to bounce or break through resistance. Follows, Comments, and Likes are appreciated!
Hey guys, went long on EURAUD H&S formation @1.4658 this morning.We recently hold an important strc. level and the 200 EMA. Remember to trade your plan!
price break the neckline. i'll use 2618 trade setup to short this pair
a potential short here with shs right at resistance with rsi divergence in play after break of trendline i will open half position and add another half after support/neckline break stay patient
FX:NZDJPY The rate has climbed up and is now testing the two-and-a-half-year falling trendline resistance. The current level is also the former broken neckline of a completed head and shoulders pattern back from February. I will be looking for selling opportunities on shorter time frames, however the stops should be based above the resistance area (81.00) and...
FX:EURUSD The rate has formed something of a head and shoulders pattern on the 4H chart at the long term massive triangle resistance. I am looking for break of the two-and-a-half long rising trendline and the pattern's neckline below 1.1160 to enter new short positions. Such a break should trigger a drop to short term target at 1.1000 with a potential move...