tropicalbeach

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Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 50% | 2 GBPCAD 25% | 1 USDJPY 25% | 1
tropicalbeach tropicalbeach EURUSD, W, Long ,
EURUSD: Very bullish EURUSD setup on the horizon: 480+ Pips
86 0 4
EURUSD, W Long
Very bullish EURUSD setup on the horizon: 480+ Pips

If the price breaks the neck in a bull run, the 161.8 fib extension correlates with the typical H&S height change from head-to neck (using the expected break-point neckline because it is descending)

tropicalbeach tropicalbeach EURUSD, D, Long ,
EURUSD: The only EURUSD bull?
65 0 4
EURUSD, D Long
The only EURUSD bull?

Upside down H&S with a 300pip potential. I think Wednesday's spike screwed up a lot of recent bear predictions and makes it even harder to predict short term but the 30 minute chart shows an ascending triangle with resistance at ~1.0774. I"m buying the broken neck at ~1.0793

tropicalbeach tropicalbeach USDJPY, 15, Short ,
USDJPY: USDJPY Head and Shoulders?
82 0 4
USDJPY, 15 Short
USDJPY Head and Shoulders?

The right shoulder is still building up but I believe after it forms a top it will come down to 105.500 I expect this drop below the neck line within an hour and possibly hit the target within 8 hours for ~60pips Looking beyond that, I think USDJPY could fall further this week, but that is purely speculative at this moment. I'm actually already short on this pair ...

tropicalbeach tropicalbeach GBPCAD, 240, Short ,
GBPCAD: GBPCAD H&S break worth ~300 Pips
196 1 3
GBPCAD, 240 Short
GBPCAD H&S break worth ~300 Pips

Using the start of the trend line as the base and the peak of the head as the top, the 61.8% retracement matches up with the head and shoulders 100% extension of the neck line. Before hitting that target is the 50% retracement of the trend which also matches the H&S 61.8% extension (what are the odds?), where I suspect will be a pit stop before the price hits ...

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