Head and Shoulders
NASDAQ INDEX (US100): Great Opportunity to Sell
NASDAQ Index formed a strong bearish pattern after a test of a key daily
resistance area.
I see a head & shoulders pattern on an hourly time frame
and a confirmed breakout of its horizontal neckline.
The index can continue decreasing.
Next support - 19240
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MEW Looks Bullish (4H)From the point where we marked start on the chart, MEW appears to be forming a bullish QM.
As long as the green zone holds, it can move toward the targets.
A 4-hour candle closing below the invalidation level will invalidate this pattern.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BTC.D Scenario 2: Potential USDT.D BreakdownBTC.D
In this scenario, if USDT.D fails to create a new high or even an equal high and starts melting down, it could indicate a bearish structure forming—specifically, a Head and Shoulders pattern. This pattern often signals a reversal, meaning USDT.D could continue dropping.
If this happens, it would likely lead to BTC dominance (BTC.D) rising, as capital flows out of stablecoins and into Bitcoin. This could fuel an upward movement for BTC, making it crucial to keep an eye on this development.
Stay prepared and plan accordingly. Hope this helps!
EURCAD - Inverse head and shoulder on a monthly timeframeJM-CAPITAL - My 2cents on EURCAD for the month of April 2025 - Still on the inverse Head and shoulder
After a 38.2% retracement from the previous month high, I see a continuing uptrend on EC to reach 1.595.
While doing some HH and HL, my entry will respect some QP and take profit as I see fit.
Managing your trades is the best option here and I am always trading with the trend.
Happy trading.
GBPJPY BULLISH OUTLOOK WITH DEFINED RISK *GBP/JPY Trade Opportunity: Bullish Outlook with Defined Risk*
A potential buying opportunity has emerged in the GBP/JPY currency pair, with a defined risk management strategy in place.
*Trade Setup:*
- *Buy*: 192
- *Take Profit (TP)*: 197
- *Stop Loss (SL)*: 190
This trade setup is based on a bullish outlook for the GBP/JPY pair, driven by both technical and fundamental factors.
*Fundamental Analysis:*
The British pound (GBP) has been gaining strength against the Japanese yen (JPY) due to:
1. *Interest Rate Divergence*: The Bank of England (BoE) has maintained a hawkish stance, while the Bank of Japan (BoJ) continues to pursue a dovish monetary policy. This divergence in interest rates has created an attractive carry trade opportunity.
2. *Economic Growth*: The UK economy has shown resilience despite Brexit uncertainties, while Japan's economic growth remains sluggish.
3. *Trade Tensions*: The ongoing trade tensions between the US and China have led to a decline in the value of the yen, making it an attractive currency to sell against the pound.
*Technical Analysis:*
From a technical perspective, the GBP/JPY pair has broken out of a consolidation range and is now trending upwards. The relative strength index (RSI) is below 70, indicating that the pair is not overbought yet.
*Risk Management:*
To manage risk, a stop loss has been set at 190, which is below the recent swing low. This will limit potential losses if the market moves against the position.
*Conclusion:*
The GBP/JPY trade setup offers a bullish opportunity with defined risk. The combination of interest rate divergence, economic growth, and trade tensions provides a solid fundamental basis for the trade.
Keep your best wishes to the Travis 👍
GBPJPY Sell idea/analysis On the 4-hour timeframe, we can see a downtrend forming by having a Lower high and a low that has been broken, and I can see a rejection off of the low that can be a confirmation for a downtrend to shape. The uptrend trendline is broken, and the downtrend trendline has been respected so far, so these are enough confirmations for me to take this trade.
EURCAD: Pullback Trade From Resistance 🇪🇺🇨🇦
EURCAD may drop from the strong daily resistance.
As a confirmation signal, I spotted a head and shoulders pattern
on that on an hourly time frame.
The price can fall at least to 1.552 support
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AUDUSD & NZDUSD Sell idea/analysis based on daily timeframeTook this trade based on a downtrend forming and the retest of a H&S on the daily chart with a minimum requirement of 1 lower low and 1 lower high. I saw a bounce before the price touches the previous low on the 4-hour chart, which could shape my 2nd lower high, and I entered the trade.
USDCHF Long off key level First publication after a very long time.
Just seen this inverted head and shoulders pattern forming with a key level being heavily respected as a key level of support.
I have seen that the last candle form on the daily chart was a bullish engulfing candle which has shown massive bullish pressure again and I will use this as my signal candle
I have my stop loss at the signal candle low wick with my target at a 1:3 reward but I am open to riding this out depending on how this idea goes ahead.
Best of luck on the charts !!!
MarketBreakdown | EURUSD, GBPUSD, USDJPY, AUDUSD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
For the last 2 weeks, EURUSD shows a strong bearish momentum.
The price managed to break and close below a key daily support cluster.
A strong bearish reaction that followed after its retest confirms a strong
selling pressure.
I think that the pair has a potential to drop lower this week.
2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
In comparison to EURUSD, GBPUSD looks very stable.
The pair is consolidating within quite a wide range on a daily.
For now, probabilities are high that sideways movement will continue.
Consider trading the upper and lower boundary of the underlined channel.
Alternatively, a breakout of one of the underlined structures will give you a strong
bullish/breaish signal.
3️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
Looks like the market is returning to a mid-term bearish trend.
The price is currently breaking a support line of a bearish flag pattern.
A daily candle close below its support will provide a strong bearish confirmation.
4️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸
I see a completed head & shoulders pattern on a daily.
The price is currently breaking its neckline.
A daily candle close below that will provide a strong bearish confirmation
and suggest a highly probable bearish continuation.
Do you agree with my market breakdown?
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Can we be optimistic that this will come true?( road to 300k )I might be wrong and this might never happen, but it might come true From a technical perspective!!!
Remmember
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$BTC Death Cross Forming Inverse H & SAs expected, CRYPTOCAP:BTC is rolling over, hopefully to form that right shoulder for the inverse h & s patter to confirm the next leg up.
This dumped is fueled by the impending death cross, which historically marks big reversals, since the cross is already priced in.
HMR cup and handle pattern HMR stock is currently forming a promising cup and handle pattern, a bullish technical setup that signals potential for a significant upward move. This pattern, characterized by a rounded “cup” followed by a consolidating “handle,” suggests accumulation and growing momentum. With the stock approaching a breakout level around $4.79 a decisive move above this resistance could propel HMR toward a target of $8.15.
USDJPY has formed a head and shoulders bottom patternOn the 4-hour chart, USDJPY formed a head-and-shoulders bottom pattern and then stabilized upward, with a short-term bullish trend. Currently, the effective support below is around 149.5, and it is expected to continue to rise if it falls back and does not break. The upper resistance is around 152.3, and after breaking through, the upper resistance is around 154.5.