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...
Looking to get into a long trade after neckline break of this pretty nice inverted SHS.. confluence through rsi divergence and flip zone ( same level as neckline) ... waiting for a break n close to get in this juicy little thing ;-)
Price formed double top at weekly level, good break and possible retest good to enter short.
Just Broke out of a HS formation neckline. There is some resistance above, see what happens there.
GC1! / GOLD / XAUUSD / GCM2017 / Bearish Gartley Hamonic pattern Fib 78.6% Head and Shoulder pattern price neck line breakout and pullback ZIG ZAG PATTERN 61.8% / 161.8 GC1! GC2! FX_IDC:XAUUSD COMEX:GCM2017
IHS is setting up This chart is made for the FREE BLOG at our website. APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected. It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so...
FX:EURJPY The rate has dropped down after successfull test to the 3-month-long falling trendline to test the short term rising trendline from February. The rate has formed 2 hammer candlesticks right at the former inverse head and shoulders neckline indicating further strength and a possible move towards the previous highs at 122.90 and the 100% pattern...
DXY is testing the neck line of Double top pattern beside 50% Fibonacci and Moving Average 50. expecting that prices will go to 101.00 and 100.75 respectively
If you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h. On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700. Now, we can see that the neckline was broken in the...
GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market. Indicators seem to show divergence but CAUTION is mandatory now. If it breaks low keep in mind the soft resistance at 1.2338 Watch closely!
GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market. Indicators seem to show divergence but CAUTION is mandatory now. If it breaks low keep in mind the soft resistance at 1.2338 Watch closely!
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...
iam watching this shs neckline retest for a long entry ... looking for a pinbar or some bullish signs on 4h or smaller tf