Formation of an inverse head& shoulder pattern
- Anticipating a short term sell,price will retest area of support to continue uptrend when neck is broken.
- If you agree, hit me with a thumbs up if not leave your opinions as I'm new and I would love to learn from mistakes :)
SGDJPY is currently trading inside this symmetrical triangle (in blue)
waiting for a break either side to buy or sell.
half risk is recommended for the sell since price is sitting at a strong support/demand area.
waiting for a momentum candle close above 76.2 to buy
OR
waiting for a momentum candle close below 75.0 to sell
MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high.
Entry - 172.96
Stop Loss - 165
Target - 200
I will continue to update this...
Hi guys,
I am adding some longs to my current position in GBP/CHF.
We have a strong bullish divergence in play and it seems the support now has been found.
I am targeting the top of this flag.
Targets shown in my chart.
I will not keep the position over the weekend.
*** Trade at your own risk ***
I have identified a structure which could be interesting to buy from these levels.
We have a bullish divergence and I am buying it and will target the median line as shown in my chart.
*** Trade at your own risk ***
Hi guys,
EUR/GBP is currently in a cluster which is strongly divergent in a bullish way.
The pair should go and visit at least the levels shown in my chart.
SL will be monitored manually, as usual.
*** Trade at your own risk ***
#CAD_JPY 1H
it appears that the price forming a triangle as wave four of an impulsive wave , a right signal in the right time after breaking 76.254 level will an opportunity for short position .
