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Head_and_shoulder

ARE THE BEARS GOING TO FULLY TAKE AUDUSD ?Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Saw a big pullback today for this pair up to resistance. We are seeing strength in USD which tells us the pair is going to drop. We want to see a break of bottom pennant and dynamic support before we enter short again ————— Level needed: need a close by 0.68795 ————— Trade: Short RISK:REWARD 1:8 SL: 25 TP: 195 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
GBPJPY PENNANT PATTERN BOUNCE Pair: GBPJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: UK is going to a recession as it is so we should have a bearish bias for any pairs wit GBP as base currency. Here we have touched the top resistance of pennant and dynamic resistance so should see a bounce sooner or later ————— Level needed: need a close by 161.848 ————— Trade: Short RISK:REWARD 1:6 SL: 40 TP: 240 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
1
ETH: POSSIBLE HEAD AND SHOULDER! ONE LAST LEG UP TO $1700!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is forming a head and shoulder pattern in the 8hr time frame and currently, it is forming a right shoulder of this pattern. Also, bouncing from the 200MA So I'm expecting a bounce from here and there is a high probability that we might see ETH again at the $1700 level before its MERGE event in September. Expecting the last leg up from here and after the merge event, we see a continuous downside movement. Invalidation:- Candle close below the neckline and 200 MA What do you think? Do you also think that we might see the last leg up before the merge event or do you think that it is continuously going down? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
6
AUDCAD HEAD AND SHOULDERS SELLING LEVEL Pair: AUDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, head and shoulder pattern ————— Key Takeaway: Approaching significant level of resistance in the second shoulder of our head and shoulder pattern. Seeing bullish momentum for CAD which is likely to bring this pair bearish ————— Level needed: need a close by 0.90140 ————— Trade: Short RISK:REWARD 1:5 SL: 20 TP: 101 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom