I have made some of my biggest trades from head and shoulder patterns on daily and weekly charts, this one looks very interesting to me. I want to buy above the neckline after a little pull back once it breaks. Happy trading, Jared Johnson
GBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR
As you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now...
USDCAD is likely to go up. OA is showing uptrend. Price is approaching top side of Kijun Sen. I'm expecting price to go bullish and trigger the buy stop. However i'm also concern the pattern is forming bearish Head and Shoulders. Do cancel the untriggered stops if either one stop order is executed.
Looks like a head and shoulders is in play. Going short
EURJPY: Possible Head and Shoulders. Please make sure price reaches blue SR level before placing buy stop. Entry is confluence with 61.8% fibonacci and TP is confluence with 76.4% fibonacci level. SL is ATR.
Possible head and shoulders. Preparing to buy at right shoulder. SL is ATR.
Potential set-up for head and shoulders pattern. Buying the right shoulder.
Patterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right...
This is following a downtrend, look at the posible head and shoulders patern in a long term. I think it is going to breack the 4H trebd line
On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target. Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for...
EUR USD 4H (inverted head and shoulders)
better to wait for the breakout and sl would be below the neckilne
Head and shoulder pattern breaking neckline at 240 USD. stop loss at 236, target at 250 for a 2:1 risk return ratio. Even better target at 255 USD, but might take longer to happen
Hey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart. The 200MA acts as a resistance level for the shoulders along with some structure earlier this year. It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190 's we might be looking at a drop to somewhere around the...