Haedandshoulder
GBPUSD is Screaming For a Reversalthis is not a financial advice guys ,it's just an idea worth sharing
EUR/USD Potential Bearish Momentum as the dollar keep going higher at least for the near future ,and no signs for a reversal for the EUR, so the odds are to the downside
Not so good !!If bulls hold the 350 level then I don't think this scenario will occur however if they don't then:
Potencial scenario
Because of weekly rejection of the 50MA + confirmation of a hammer candle, I expect the market to dump to the next support, the 100MA, and trend line at ~325. It will hold the support and go back to the 350 level however bears reload and plunges the market to ~300 creating a bull trap. Even though bears are in full control, bulls try another attack however they get rejected on the neckline of the H&S, confirming the pattern. And finally, the bears suck the last droplet of bulls' blood and the market goes down to the 200MA
Thank you for reading - This is technical standpoint - It is a potential scenario which means it will or won't happen, don't take it too seriously, too early to get confirmation - feel free to comment if questions
MATIC LONGBINANCE:MATICUSDT
Now we see a strong pullback around the neckline that can be a very nice entry point with excellent profit and loss limits.
We got rejected from Head and shoulders pattern on BTCIf you are a Bear there is some good news for you because we just got retest on H&S pattern and we got rejected.
This is in my opinion not likely to play out, because we have so much support uder 35k but as we know crypto is unpredictable.
If we do get this opportunit to buy below 20k i am going to be so happy as we know that BTC is future and is hier to stay, on the other hand if we go up and break this ascending channel on the weekly my portfolio is going to be even happier.
What do you think about this H&S pattern?
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BTC TO THE MOON!
EURUSD M 30 REVERSE HEAD AND SHOULDERS It is recommended to enter the transaction when the voluminous 30-minute candle closing occurs on the resistance channel, otherwise the transaction will not open
Investment information, comments and recommendations contained herein are not within the scope of investment consultancy.
