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Inverse Head and Shoulders

GBPUSD | Live position review | Follow-up detailsIn the last couple of hours, we witnessed a retracement into the neckline of the inverse head and shoulder pattern identified on the 4H time frame and this appears to be a confirmation for bullish momentum if the price does not break below the bullish trend line. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
GBPUSD | Live position review | Follow-up detailsGBPUSD positions appear to be doing well at the moment as we currently experience over 70pips moving in our direction. But it's not yet a tangible reason to be excited as the current structure needs confirmation in the form of a retest/rejection of neckline @ 1.32 to the upside to seal the uptrend continuation. See my previous video on this for further details (see link below) Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). It appears as though the price is about to break out of the neckline at $1.32 which shall be our confirmation for bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
Bitcoin - Short term bull ideaKeep it plain, simple and minimize the noise! Inverse head an shoulders forming on the BTC 1hr timeframe, this is a bullish pattern. This may give a big enough of a push to crack through that 42k resistance. Will be interesting to see what happens if it cracks the 42k resistance... will we fake out or continue to 45k? Only time will tell! There is also a bearish short term set-up im watching, will link it to this. (this inverse h&s is within that pattern) * * At the moment - the market is sideways, choppy and RISKY * * I have various different set-ups (short-mid-long term, bear & bull) I'm watching and always waiting for confirmations of each one BEFORE entering a trade Comment your ideas down below :)
BITSTAMP:BTCUSDLong
by tradermoth
GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD: Inverse H & S Pattern Near Completion! Price has rejected the strong psychological support located at 1.30000 level. The inverse head and shoulder pattern might be completed in the coming week on the daily chart, after which the price might likely target the next high located at 1.34100 region. However a move beyond 1.35000 looks unlikely at this moment, as the pair faces stern resistance at that level. A long trade can be executed shall this pattern be completed. the stop loss should ideally be placed below 1.30000 psychological support with the take profit target be placed at 1.34100. The entry should be done at 1.32000 level to achieve 1:1 risk to reward ratio. The inverse head and shoulder pattern is said to be completed when the daily candle closes above the neckline! Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into major currency pairs.
Long
by FX618Analysis
WKHS - bottom is inAfter hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday. Any near term pullback is likely to be supported at the neckline @ 3.90. And when this happens, it would provide a 2nd opportunity to long at low risk. Initial target is at 5.20 (inverted H&S target). I'll put initial stop loss several ticks below the neckline @ 3.90. We do not know how much it can recover (am certainly not expecting anywhere it's ATH of 42.96 lol). Trail stops up along the way and let's see how far it can go. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
NASDAQ:WKHSLong
by Juliac
EURCHF: Inverse H & S Complete! Price Likely To Climb Further.With the risk off markets that highly affected the EUR against the safehaven CHF a couple of weeks ago, the price plummeted near the parity! At the moment the price seems to be recovering slightly and likely looks to be headed over to the next psychological resistance found at 1.05000 area. The Swiss National Bank is likely handing a helping hand to the EUR here by intervening in the market. On the technical basis, the inverse head and shoulders formation was completed and the price is likely to test the neckline before heading higher. All the complete trade details can be found on the main chart. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on other major currency pairs.
Long
by FX618Analysis
Bitcoin - NOT LOOKING GOOD!Keep it plain, simple and minimize the noise! Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021. If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support. BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars... At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Bearish 2022? What do you think? Comment your ideas below : )
INDEX:BTCUSDShort
by tradermoth
4