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HEAD

AUDNZD INVERSE HEAD AND SHOULDERS WEEKLYAs you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now trading less than 200 pips below the pattern’s neckline (shown below). What stands out about this particular structure is how skewed the risk/reward scale is at the moment. The measured objective is a massive 1,300 pips from the neckline, giving us plenty of upside to work with while limiting downside risk via the well-defined neckline. Should AUDNZD confirm the pattern with a weekly close above the level shown below, we could be looking at a multi-month rally toward the 1.2780 handle.
Long
by Stefan17
WTI Oil H&S 15 min ChartPatterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right shoulder)? Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
FX:USOILShort
by BobVanders
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
FX:USOIL
by BigEz