EURUSD: Possible head and shoulders formationEURUSD: Possible head and shoulders formation. I'm selling at top of right shoulder and SL is ATR
HEAD
There is a bottom.... It's just not here.Every month there this point... Almost like a lunar cycle, where the army of optimists run out from under their cover to catch the enemy's blade. But not unlike the charge of the Light Brigade...the clearing smoke will uncover the carnage.
As I said yesterday. We are in for some crazy days. But let's not think we can see things others can't. And don't be fooled by the first break above the main trend (when it happens). When it breaks, the ripple will roar... You will hear the whistle and calls to clear the trench. The enemy is smart and has proven his ability to play the long game. I expect we will see a few false starts, all will look like visions when they happen. Just beware... some of those visions are from the mustard gas.
I know there are a few who made some bucks today.. Nice job! I know a few were ready at morning light. As for my account, it is worth less today, but it's worth more than last month.. and more than the month before that. So I'll be over there watching the circus. If you think the drop to the 40s was a show. Wait till you see the show for the 20s.. Camels on the horizon... Is that Sir Lawrence?? Or is it anouther under that sheet??
I'm short to sub 20
AUDNZD may be supported by 1.0880 to complete Inverse H&SAUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead.
Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
EURAUD looking at possible strong Bearish move.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 price to reach 1.50 for taking profits.
Very clear inverted head and shoulder about to break necklineHead 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
Bearish SPY Head 'n' Shoulders FormingThis head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the decline of the right shoulder. Combined with weakening breadth I'm fully taking it as a bearish turn.
We still have to see that neckline support break convincingly with a nice rise in volume for the pattern to complete.
The "rough guide" price target is ~195.
Let's see what happens.
(repost) GARTLEY PATTERN W/ POTENTIONAL HEAD AND SHOULDER.Goodmonring,
I've been watching this pair for a while now. and i posted a potential trade 7 days ago ( )
If the price come's to Point D of the gartley pattern i will go short on this pair.
on that point it could be the right shoulder of the head and shoulders.
Lets see where the price is going!
Good luck this week.
Best regards.
EUR/JPY - Possible H&S | Daily chartHey 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 132,500's (the D point of the butterfly).
Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance.
Let me know what you think!
Thanks in advance and happy trading
USDMYR: Incomplete head and shoulders formingAnalisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang harga dijangkan akan menuju ke Right Shoulder dan dijangka pergerakan menurun akan bermula dari situ (ditanda dengan garisan hitam, Bearish Wolfe Wave juga terbentuk disitu).
Possible neck breakWe seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222.
This situation should resolve in the following 2 sessions (8 h)
Trading Plan for next 2 weeksTrade ideas are based on my anticipation of an inverse head and shoulders.
This should atleast help gaining some orientation for price action and time windows.
Make sure to check out my other charts for more information.
Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you.
Cheers : ]
Bullish GartleyImpulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern.
Expect a bullish resolution the next days.
1. Target 262 is very likely
2. Target 275 becomes likely after break of yellow neckline
Stop Loss bellow the current double bottom at 235
Don't go all in 50x on this one, though. Cheerz : ]
Bullish inverted Head and ShouldersNeat downtrend.
Inverted H&S (please if you disagree let me know).
RSI and CVI (Cumulative Volume Index) both high at Head's peak and low on right shoulders:
Note: Since there is no volume, I looked at the CVI, but I don't know anything about it....:(
The target (1.077) converges with the top of the downtrend (resistance).
Adam and Eve Bottom, break of head and shoulders incThe head and shoulders has been more or less confirmed.
As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line.
In my wishful thinking we will perform a adam and eve bottom and then got back to the moon
ADEP Potential Trend Change - Reverse Head and SholderADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a breakout.
This puts the:
--Buy point at 9.02 (on HIGH volume)
--Stop at 7.71
--Target at 11.17 (Using the formula (neckline above the lowest point - lowest point)*.7 + breakout point) and then rounding to the nearest resistance line.
However, beware; if a breakout does not occur and the recent slight uptrend is broken, the stock could hit 7.72, and later 6.66
Hewlett-Packard: Buying The DipH&S target is not reached yet so I'm expecting another wave up.
Buying blindly and looking to take profit this year.
We might see prices around 50 in June, 2015
Head and Shoulders Short on the GBPCADAfter looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours.
This is a pretty simple High probability trading set up and should be a really good trade.
Trigger!
Inverted Head & Shoulders (GER30 DAX 4 Hours)Good opportunity to go long after breaking the nick line, target one is the measurement of last shoulder to the nick line and target 2 is the normal objective of H&S pattern.
