GBPJPY Head and Shoulder on 4H ChartGBPJPY Head and Shoulder on 4H Chart
Looking for rejection and buy signal in current support for Long position
or
Looking for Bearish BOS of support and retest of previous support to go Short..
Head_and_shoulder
Clear head and shoulders pattern.I'd say this is a high probably trade, because you can clearly see the structure here even on a high timeframe. This pattern is very common, and it's called inverted head and shoulders pattern. It made a break, and is now back down for the retest. I see this as a good chance of continuation up. Good luck traders!
selling into the rising wedge also 5min head and shoulders 5 min chart also shows profit being taking and there is a head and shoulders also formed by the AD
XU HUMPDAY WPrice formed a not so clear H&S formation, failing to close to above the previous high at 1763.864
I placed DBA's to indicate a potential move either to upside or downside.
I was okay with the trajectory of my bias for this Wednesday NY session
I took a total of 2 trades today entering at 1760.24 exiting at 1757.37
Bullish Head And Shoulder Continuation Wait for the neckline breakout and pivot pullback then go long.
ERX Energy Play Head and Shoulders BearishOn the one hour chart, ERX ( triple energy ETF) completed a head and shoulders
and is now downtrending with a crash through the EMA 100 and EMA 200
and now one standard deviation below the VWAP. The Momentum Indicator
shows downside momentum is greater than it has been in recent months.
The inverse ETF called the ERY would be expected to be the inverse of this.
The XLE would be similar but not triple leveraged.
This appears to be setup for a good long term swing short or a put option
expiring in late January or February.
doge coin... head and shoulders formetdoge coin... head and shoulders formet... short opportunity..................................................................................................................................................................................................................
Time for action 📉BTCUSD 1H
- H&S with confirmations
- Volume descending trend matured
- MTF Volatility stop bearish break after long consolidation
Expecting volatility in the next hours, with direction to the downside.
EURCAD..30min bearish view.EURCAD pair is bouncing off strong 4h resistance zone with formation of atypical h&s pattern ...expecting more down move after breaking the neck line...be safe...
EURGBP Head and shoulders ShortWhat we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
BTTC/USDT Inverse Head and ShoulderWhat is Inverse Head And Shoulders Pattern?
Formation of the head and shoulders pattern in trendline indicates a reversal in uptrend. Similarly, an inverse head and shoulders pattern appearing in a downtrend is indicative of bearish to bullish reversal. Like head and shoulders pattern, the inverse head and shoulders also appear in all time frames and is easy to spot.
An inverse head and shoulders pattern forms when the price of an asset falls to a trough, then rises, falls for the second time, but this time the fall is steeper than the first. The price rises again and drops for the final time
Key Takeaways
The inverse head and shoulders formation is similar to head and shoulders formation, but only reverse
It shares many characteristics with head and shoulders – of three troughs with the first and second being shallower than the middle one
Inverse head and shoulders pattern appears in the downtrend
The formation signals a bull market and traders enter a long position once the formation is complete
Traders look for a steep price rise once the third rise breaks through the neckline
How To Read An Inverse Head And Shoulders Pattern
Inverse head and shoulders pattern indicates the end of bearish phase and onset of an uptrend. Traders enter a long position when the up breaks through the resistance line. They would look for a rise in volume to confirm the trend change. Inverse head and shoulders pattern appears frequently in the trendline, and since it shares many characteristics with the head and shoulder in an uptrend, it is also interpreted the same way.
The CrownCrowning again. Top looks like June H&S before the swoon. Christmas Crash again? 2018 redux. Not betting on Santa this year.
Massive gap to fill, a gap down will leave an island reversal. probly not a great time to get long imo. Cash is a good position.
GOLD Bearish Head and Shoulders patternHead and Shoulders on Gold and it relates strongly with correction that is anticipated on Gold
BTC 15 MIN Head and shouldersOn the 15 minute I found a small head and shoulders and might consider this trade if it breaks below the neckline.
The last TP is the value line and if this pattern plays out it can go back to value after the contraction and expansion which was plotted by this contraction indicator.
TP1: 16010
TP2: 15912
TP3: 15823
TP4: 15738
SL: 16211
IEX made bullish head &shoulderIEX made a bullish head &shoulder at the bottom now we are waiting for the breakout.
Buy IEX at 147
Target 153 155.45 158.25 163.25
Sl 138
XAUUSD...bearish viewFormation of clssic head and shoulders pattern arround strong daily resistance level with breaking 4H trend line ...waiting for breaking the neck line and retest of it then short trade will be great with good R/R ration...be safe...
Head & Shoulder breakout - PFCInverse head and shoulder breakout on weekly basis should be kept on watch. below 114 is the invalid point.
Short in GoldThe analysis indecate that Gold could be bearish in short-term
* Entry : 1751-1753 based on Head shoulders pattern
* First Target : 1730
This bearish could extend to 1700
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CHZ Falling Wedge and Head and Shoulders Reversal Patterns CHZ has fallen like everything else, however is showing some very nice bullish reversal patterns. We seemed to have hopefully created a bottom and broken out of the Falling Wedge pattern it has been in since 09/21ish. Also created a very clean Head and Shoulders Pattern, if it breaks above the neckline of $0.297 and BTC behaves we could see some very nice gains. 3 possible targets on chart. RSI was rejected coming down and shot back up above midway line. MACD looking good.
Keep an eye on ALGO! World Cup starting this weekend!Here's a quick Look at ALGO 2 hr chart. As we can see, the price has been forming an inv. head and shoulder pattern and we could see a break above the neckline soon - It all depends on BTC! Also, World Cup starting this weekend - we should expect some movement from ALGO!
The best entry would be when the price breaks above 0.285$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 0.285$ and take profits at the levels shown in the chart.
Targets:
1. 0.293$
2. 0.3$
3. 0.318$
4. 0.338$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ACH/USDT LONG IDEA 🚀 Hi guys, as you can see in the chart that there is head and shoulder pattern forming
*It's a swing spot long trade
Entry1: 0.01
Entry2 : 0.0088
SL: 0.008
Tp1: 0.011
Tp2: 0.012
Tp3: 0.013
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SELL XAUUSDMy bias still bearish on Gold. Price may push up to as high as 1770 in the early hours of today before a huge drop to at least 1720 as it still trades above 60% fib level of this particular pattern/structure. A familiar pattern is forming (H&S) on H4 and what looks like a bearish flag on miniature timeframe H1 and M30. EXISTING HOME SALES NEWS @ 15:00 CAT.
