shoulder

growthbank

USDJPY is currently in a major level of support where price can either go up or go down. Price is going to move down and form a perfectly executed head and shoulder Reversal. I see price dropping initially down to the last lowest wick, retracing back to entry and then making it's official breakout for the sell.

TayFx

A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most...

secsc

Price action on the last close shows a Bullish engulfing candle which is one confirmation that the market has strong momentum and swing towards the upside. Confluence on the head and shoulder pattern which indicates a long position. Looking to go long on this one! FX:EURUSD

nDman_sk Updated 

This can be a good short trade, opened my own short position 80 pips higher than now.

amjoe

INVERSE HNS SPOTTED. THE NECKLINE SHALL BE RETESTED AND THE PRICE SHALL FLY TO TP1 (1.0 FIBO) AND NEXT TP2 (1.618 FIBO).

Forex_Fire

This is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown. Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line. Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now...

ARSAlgo

Congratulations! First target (Right Shoulder) hit. 😎 Next Target has given on the chart. For more update follow my tradingview profile. Thanks. © t.me/ARS_TA

JohnnyBullXRP

Looking for BTC to retest back into the 6600-6700 range if this bearish head and shoulder top pattern plays out

KiBeCh29 Updated 

After what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start...

ahmadalirajpoot Updated 

Neckline is broken now wait for the retest and then enter

DejanDjekic

Nice one pattern here:) My play is sell short, S/L on the peak of the right shoulder and T/P at the blue line area

parsayousefi1137

hello dear traders. as you can see on the figure,A perfect cypher pattern is formed on GBPUSD on H4 timeframe. Moreover,right shoulder of a head and shoulder pattern is in progress. wait for the HSH pattern to pass the neckline,then you may want to enter. wish you many pips. thanks for your visit.

TraderLloyd1 Updated 

AUDJPY has been down for a while and has now formed a head and shoulder and now we are looking to see some sort of push to the upside to untested level of new resistance

corn_trader

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corn_trader

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SebastianofMoon Updated 

So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted. Then there's also a rising wedge at the same time, which tells a higher probability for downside as well. But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time. BTC maybe wants to make it look as if an imminent...

Larizadeh

inverse H&S with 0.2$ target formed for stellar...

nDman_sk Updated 

A classic H&S pattern has broken down, if support at 360 sats don't hold it price can go to 280 sats (with considering that the BTC has started it's correction now).