At this moment I have my eyes on this possible opportunity to go short with this head and shoulders pattern.
Will be waiting for at least a clear close below the 0.8870 before the completion and a possible entry opportunity!
Actually yesterday we had a invalid H&S because the price went above the right shoulder.
This same move now became the head of our current head & shoulders.
Price already closed below the neckline.
In case you missed the move, a new opportunity will be to enter if price rebounds to the 0.85258 level.
It's also nice to have the SL above the major resistance, and...
So here is a new possible head and shoulder setup! (yeah I just love them)
We will be waiting for the price to reach 1.07379 for a nice head and shoulder and a opportunity to go long.
The Aussie Kiwi is bullish and it's always nice to trade with the trend!
We also have some major resistance at the 1.08375 level (check Q4 2019) and as we can have our TP nice...
So this is an interesting one: a possible head and shoulders completion if price of course drops to 0.85204
At this moment we can see we are facing some major resistance at the 0.85633 level making it interesting to look for a opportunity to go short.
You might notice my neckline is pretty straight, personally I like to have it as horizontal as possible. On the...
Ok so to be honest I had this one om my radar yesterday before going to sleep. Just woke up to see my H&S completed.
The overall trend on GBPAUD is bearish and this H&S looks like a nice opportunity to follow the trend
Just a personal note about entries etc.: I noticed the market is a bit different then 1 or 2 months ago, might be the "Sell in May and go away"...
This morning I have my eyes on a possible head and shoulders on the AUDUSD
The entry would be around the 0.65071 level.
As always I like to place my stops above the right shoulder (which works for me personally better then above the head) giving a nice risk reward, assuming we get an entry of course!
First of all: it might be a big trade for some traders. If you take it, be patient and of course make sure to adjust your lot size!
It looks like we will have a retest here, giving the opportunity to enter in case you missed your original entry!
(and of course, if you are anyway waiting for a rebound, here is your chance!)
Ok, so I got 3 pairs on my watchlist: EURAUD, AUDCAD and this EURCAD.
However in order to get the bearish cypher completion, price need to go up to 1.47894 .... So.... Price is dropping at this moment so it could be that the C leg will be invalid.
I decided to post it however, it is still early so I also have a sell limit order placed @ 1.47894 but will keep an...
Just got 3 pairs on my watchlist for today: AUDCAD, EURCAD and this nice bearish cypher opportunity on EURAUD
However we do need to get @ 1.55465 in order to complete.
I like to just place the limit order but keep in mind to check regularly if the pattern didn't get invalid.
As always: just keep it simple :)
Just got 3 pairs on my watchlist for today: EURAUD, EURCAD and this nice bullish bat opportunity on the AUDCAD once the price gets to the .94755 area
Aiming for 2 targets with stops nice below the LL of May 3th
As always: just keep it simple :)
The AB leg of the pattern touches the 618 so I consider this one as a Gartley and not as a Bat pattern.
D completion is at a nice structure + there is a nice confluence with the 1.272 (fib extension A-B) and the .786 of X-A
Also there is a AB=CD completion at the same level
looking to go long @ 2.03377
TP @ 2.05831 & 2.07329
SL @ 2.00671