I SAW HEAD SHOULDER HEAD FORMATİON AT NASDAQ . RSİ AND W%R WAN CONFİRMİNG THİS SİTUATİON NOT AN FİNANCİAL ADVİCE İT İS NOTES TO MYSELF
I am watching gbpusd if it create a h&sh structure if price didnt break the trendline it will be a nice opportunity to buy in marked zone
-head & shoulder is broken & a clear retest - --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar , etc --> sell
Reason for sell 1.A nice Head and shoulders structure was broken now is being retested . 2.Trend is Bearish 3. Fibb. 0.786.
On the top u can see first two parabolic sar red dots, below chart MACD is almost crossing. You can build setup for small amounts in next few days, creating profitable trade for next 3-6h weeks. Target 1400 ! Have a nice trades and follow for more!
hello dear traders. as you can see on the figure,A perfect cypher pattern is formed on GBPUSD on H4 timeframe. Moreover,right shoulder of a head and shoulder pattern is in progress. wait for the HSH pattern to pass the neckline,then you may want to enter. wish you many pips. thanks for your visit.
Sell H4 time frame view : Bearish AB=CD pattern
Here we have a nice opportunity to buy the retest of the broken neckline of an inverse head and shoulders pattern. -Bullish RSI Divergence
Possible reverse HSH. I will wait for a breakout and confirmation of the model.