hello guys. let's dive in BTC! 1. Pattern Recognition: Left Shoulder: The first peak formed before the head. Head: The highest point in the pattern, showing a peak above the shoulders. Right Shoulder: The final peak, which is lower than the head but roughly in line with the left shoulder. 2. Key Levels: Neckline: The blue line around $57,571.68...
Hello Traders ! The USDCAD reached the resistance level (1.39780 - 1.38811). The price formed a head and shoulders pattern. Currently, The neckline is broken ! So, I expect a bearish move 📉 __________________ TARGET: 1.36750🎯
AUDCAD is giving a breakout and making head & shoulder pattern and is on its supoort
EURNZD_2024-08-13_01-19-43_b06f2.png Here is another bullish H&S that you might want to keep an eye on. From memory I was shorting EURNZD in Asian trading earlier. This is what usually presents after all the selling settles. Cheers, Chris D.
AUDUSD has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence. If the sell pressure resumes and buyers gets active the optimum target will be 0.6780. What you people think of this idea ?
RETESTED ON GBP SGD VERY BULLISH HEAD AND SHOULDERS BUY-SIDE IN PROGRESS.
NASDAQ:WING WING has recently broken out of a previous upward channel following positive earnings and raised guidance. This pattern resembles a head and shoulders formation, and a neckline break could at least trigger a retest of the 200-day MA. Key Developments: Uptrend channel breached. Retested bottom of previous channel, failed to break...
The euro is deciding its next big move, while some upside could be likely if it breaks above the 1.0925 price level, it would be interesting if the EURUSD breaks below the 1.0890 price level This would complete the head and shoulder pattern, breaking the neckline which coincides with the 50% Fibonacci retracement level
PEPE has formed a double top, broken through previous low of 0.0000116 and is now retesting from below. To add fuel to fire, the right top has formed a head and shoulders pattern, with the shoulder line being broken at 0.0000116. Main technical pivot point for PEPE is set at 0.000009, however should we see the reflection of our double top measurement, we'd be...
Bullish head and shoulders pattern is prevalent on the Gold daily chart. It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation. 2450 will be tested...
we have drawn some high lows of weekly and monthly swings after that, we have spotted a chart pattern on 4h of DXY indicating it was head and shoulder (incomplete) although the idea was the left shoulder of the pattern is bigger and on the right shoulder it will be shorter than the left shoulder neckline comes at 104.510 first target will be 104.900 which is...
In the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle...
In the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to...
The EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target...
Based on the chart on 4H timeframe , a bearish movement on chart can be possible. I try to share some of my trading signals here. So if you are interested in, you can follow me to have access to my future charts and updates. Good lucks!
After forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out? Still needs to get ahead of resistance at 325 though. DYOR and this is not a solicitation to take a trade.
The AUD/USD currency pair has recently exhibited a classic Head and Shoulder pattern, indicating potential bearish momentum. The price has broken below the neckline, which previously served as a strong support and trendline. Currently, the price is testing a key support level, suggesting a possible retracement from this area. Chart Pattern Analysis: The Head...