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Headandshouldersformation

CAD/CHF for longWe have the head and shoulders pattern on the 1hr TF on the cad/chf chart. This can be our guide to going long. If you look closely at the price action, you can see that we have the first higher high on the chart, as well as a breakout of the counter trend line. The weekly candle also suggests bullish momentum, but the daily candle suggests indecision, so maybe we could get some deeper retracement (maybe to the harmonic price with the right shoulder), but as you know, the market can do what it wants, so the bulls can start immediately dominate the market. Anything can happen, so managing your risk properly, that is the key.
Long
by merjemascerija
As I said 😎Hi everyone, Yesterday I talked about how DOTUSDT was going to retest an important support level and bounce from it which it actually did. (link down below) Today we are looking at BTCUSDT where we just did a retest of the lower time frame head and shoulders and we are now at the major resistance level. In the last couple days, I mentioned that we were going to retest that resistance level multiple times and it did that. For now, I expect the price to consolidate a little bit on that resistance level before we break it to the upside. Notice that we removed the liquidity that was sitting on top of the last peak. In conclusion, I think that we are still bullish and we are going to make some nice moves the 2nd half of the year. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
This ETF will predict the 2022 recession.Looking at the graph, we can see a very high-quality inverted head and shoulders pattern, because the second top made a way higher top than the first top. To add to that, the volume is decreasing rapidly, meaning we are very near the next bottom. This would be definitive for the ETF, because if this ETF increases in price, than the house prices would drop. This would cause a chain reaction, leading to a recession. That is why, on my last study, I said that the 2022 recession is closer than we think it is. A crisis is imminent, so be ready. AMEX:DRV
AMEX:DRVLong
by lorinstocksinvesting
3
USD/JPY head and shoulders for longWe have a confirmed inverted head and shoulders pattern on the hourly usd/jpy chart. We can use this pattern as a guide for trading this pair in the early days of next week. NFP has been unexpectedly good so this may be fuel for US dollar strength. The pattern is confirmed according to my strategy, as we have a daily close above the neckline of the pattern. So, if you don't have a position yet, try to use the first retracement or a retest of the neckline (if we get it before the pattern hits its target) and if everything stays the same, the minimum target of the pattern is around the 137.00 level. Trade safe, Merjem
Long
by merjemascerija
Head and Shoulders Trading Short 10-Y YieldShort Selling 10-Year Yield. All information is on the Chart. Head and Shoulders is a measured move. Entry: 2.8 Stop: 3.2 (Above Right Shoulder) Take Profit: 2. Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself. Invest safe and Happy trading. As always, appreciate the like, comments and share.
CBOT_MINI:10Y1!Short
by ppatrading101
2
10-Year Treasury Yield Faces Head & Shoulders, Lookout Below?The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes. Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70. This is as the 100-day Simple Moving Average is holding up as support. It could still maintain the dominant uptrend. Otherwise, confirming a breakout under the neckline and the moving average may open the door to a broader reversal. Key levels to watch to the downside include the 61.8% and 78.6% Fibonacci retracements at 2.36 and 2.05 respectively. Beyond the latter sits the March low at 1.66. Overturning the Head & Shoulders entails a push above the right shoulder, which is just below 3.15. TVC:US10Y
TVC:US10Y
by QM_Dubrovsky
3
Head And Shoulders Pattern On GBP/USDHi Traders, Have a look at GBP/USD on the 4-hour chart today. We have a head and shoulders pattern playing out. Notice the way I drew the pattern on the charts. We have our left shoulder, head, and then right shoulder. Our neckline is highlighted as an ascending trend line. Please note that neckline zones do not always have to be perfectly horizontal. They can move at an angle. We can see that this one moves and trends slightly upwards. I was waiting for a break and close below the neckline zone, which we had and then we will enter a short position upon a retrace back into the neckline zone. Targets are previous lower prices, targeting daily lows around the 1.181 price point. Remember, head and shoulder patterns are reversal structures and generally occur and the end of a trend. The daily bias is still bearish as we are still making lower lows and lower highs. We have seen pushback from the bulls on the lower time frames but looking for long positions is still considered a counter-trend in the higher time frames. This is why my bias is still short until proven otherwise. The head and shoulders pattern is on the 4-hour and gives us a nice opportunity to take this pair back down to previous daily support. Let's keep an eye out and watch what happens. Hope you all have a fantastic Thursday. See you all on the next one. The Vortex Trader.
Short
by TheVortexTrader
Joe Gun2Head Trade - Possible short term top on NZDUSDTrade Idea: Selling NZDUSD Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate. Entry Level: 0.6610 Take Profit Level: 0.6121 Stop Loss: 0.6242 Risk/Reward: 3.18:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre