Head_and_shoulder
EURUSD H1Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and shoulder and give me a impulsive break to the upside red trend line i will be looking for a short term long position opportunity up to previous high, this is my view about EURUSD.
watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support.
If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
EURUSD |Inverted head &Shoulder patternOANDA:EURUSD
Hi , Trader's as you see on chart , in 30 min's and 1 hour TF
inverted head and shoulder is visible , Neckline at 1.0916 is broken and now successfully retested
If market get some liquidity here than possible price can reach to upper trendline at 1.0978
As friday will be holiday , so market will move slowly
At the time of NFP news market can spike up
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NFLX - HEAD AND SHOULDERS NETFLIX - We can observe a typical example of head and shoulders pattern formation that is looking to conclude right around earnings on the 18th of this month. The pattern suggests that if we see a drop to $280-$290, we can seek a $70-$90 raise in the upcoming week after the earning report relies on the 18th of this month. NETFLIX missed the last earnings with a significant number so it is likely to correct that in the upcoming one.
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MASKUSDT possible short term reversal Based on the observed price action, it appears that MASK has formed a Head and Shoulders pattern, with the neckline coinciding with a significant Fibonacci level of 0.618. If the neckline is breached, there is a potential for a bearish move towards the subsequent Fibonacci level.
Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
GBPCAD - Head and Shoulders 📉On The Daily Time Frame The GBPCAD Price Reached a Resistance Level!
Currently, The Price formed a Head and Shoulders Pattern 📈
The Neckline is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET 1: 1.66970
TARGET 2: 1.66000🎯
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ADA Possible H&S formation There is a potential head and shoulders formation on the chart, with the right shoulder currently coming in line with a strong Fibonacci level. If this level holds as resistance, it is likely that the pattern will form. Traders can look for possible entries on the break of the neckline. It's important to note that the confirmation of the pattern will occur once the price breaks below the neckline, and it's recommended to wait for this confirmation before taking any positions. If the pattern is confirmed, the target can be estimated by measuring the distance between the head and the neckline and projecting it downwards from the breakout point. As always, it's important to manage risk by setting stop-loss levels and considering the overall market conditions before making any trades.
Breaking Down the GBPUSD PairThe GBPUSD cable pair hit our projected target at 1.24171 without first pull-back to the minor support identified around the 1.21007 price level. With a bearish close on the daily timeframe, the pair is likely to trade back to the first demand zone at 1.20975 to find the necessary support to move out of the trading range condition. The 50-SMA and 200-SMA can act as support levels for the price action. The resistance level or the supply zone playing out on the 4-hour chart with divergence signaling price reversal. If the price closes below the 1.22989 level, we can see it trading to the 1.21084 level. On the 1-hour chart, price forming a potential head and shoulder pattern. There is no high-impact news for the Great British pounds in the coming week that can result in high volatility, but the US dollar is likely to be volatile considering expected high-impact news.
NZDCAD :Perfect Head & Shoulder patternOANDA:NZDCAD
Beautiful head & shoulder clearly visible on chart
As you can see market trying to breakdown neckline
after clear breakout market will retest major support level at 0.8340 area which will be our target
head & shoulder pattern have 80 % accuracy of hitting target
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NZDUSD in Coming weeks!NZDUSD is in a Head&shoulder. If the price breaks 0.65, price can go up to the target(0.72) in the midterm.
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Tesla might be able to do a sharp bullish movementTesla is in a big inverse Head and Shoulder pattern. the whole pattern is about to finish and after that we shall expect the price to break the Resistance which sits around 198. If the price manages to break the Resistance line, we shall see Tesla at 300 Pretty soon.
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BUY ANALYSIS ON USDJPYThere are multiple confirmations for this buy trade. Firstly we have the change in market structure. secondly, we have the inverse head and shoulder pattern. Thirdly, we have the break out of the trend line after 3 touches. We can also see price try to break the support zone but it could not. So therefore, we await the retest of the trend line before we go long. Thank you
SPX's Situation: What Shall we Expect ?SPX has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 4300 pretty soon or at least in mid term duration.
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Silver shows bearish signs with head and shoulders patternThe silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a short position, with a potential profit of at least 6200 points.
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TCS READY FOR BREAKOUTTCS has formed an inverted head and shoulder pattern and has also broken the horizontal resistance. we can expect a good upside momentum and it can be taken as positional equity
low risk strategies such a bull put spread can also be explored
Note: this is for educational purpose only
USDJPY - A Nice Rocky Ride For 2023You know how you are just glancing through charts...looking at basic and quick comparison kind of stuff...not really digging deep or anything...
And then a pattern just shows up clear as day even though you're looking late at night?
This could get very interesting for the next few months and look out for that stick-save of a bounce!
(Possible Fib tsrget area in a couple of testings, so going with that for now)
SPY close analysis, 3/27/2023 -- Inverse head and shoulders?Choppiness prevails. This is a premium sellers dream and a nightmare for swings.
Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target
Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5.
In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.