EURCAD LONG IDEAHey guys, this pair is currently trading on the daily support. There's a double bottom on the daily time frame. On H1, we see an inverted head and shoulder pattern which is a reversal pattern. I'm long on this pair. My bias will be invalidated incase that daily support zone is broken.
Happy trading
Invertedheadandshoulders
Don't be fooled, we won't see that big of a correction short trmToo many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun .
Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these noob traders who have read one TA book in their life.
DONT GET FRONTRUN.
AAVEUSDT Inverted Head and Shoulders!/Trading StrategyBYBIT:AAVEUSDT
Notice in chart---Red: rise; Green: fall.
1H trend chart
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Obvious Inverted head and shoulders is building
Once the neckline of this H and S is broken out, which is previous resistance zone, trading strategy as below.
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Profit Targets:
a) 328~334.6----Fib(1.272~1.382)
b) 348.75-----Fib(1.618)
c) 371.65-----Fib(2)
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading day guys!
AUDCHF🤑Head and shoulders 📉At this point, the price is finishing drawing the inverted head and shoulders pattern. It can be seen very well on the daily chart, it was expected that the price will reach the resistance level, but when the channel is broken through, the sellers pushed the price. So in connection with a false channel breakout, I expect a local fall right up to the center of the descending channel, but the general priority for now is to buy.
Have a nice trade!
GOLD - Smiley Face for Bulls ?Gold seems to form a "smiley face pattern" (inverted head & shoulders pattern) on the chart. This is a classic bullish reversal pattern.
Though sentiments do not support bullishness due to fundamental news but we think gold price is mostly priced in for any monetary changes ahead.
There are two levels of support that gold needs to hold: 1740-1760 and 1680-1700.
Daily candle might form an inside day pattern. RSI seems to break small downtrend.
It is good to long gold at 1st support level: 1740/1760 with tight stop-loss. We can targets 1820/1840 on the upside.
A futher target at 1920 only resistance at 1835 is taken out. Under 1675 then this assumption is invalid.
TULIP USD - Breakout of a symetrical triangle forming an IH&SAfter a retest we can expect a breakout to the top. This will cause a inverse head and shoulder pattern which could lead us to 30 - 32 Region in the comming days.
Entering 20.35 - 20.50
TP: 22.50 - 23.30 - 28 - 31.10
No Financial Advice
DYOR
Huge inversion for platinum after long term trendline breach!Hello my beauties,
Platinum has breached a long term trendilne and accumulated for about 4/5 years. After a spring and an SOS, the price retested a very long term trendline. Please check my previous analysis below this text.
It is now forming an inverted head and shoulders with a price target of 995.
Don't miss out on monitoring the price around the green area!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
CRYPTOCURRENCY BITCOIN (BTCUSDT) SMALL PULLBACK BITCOIN ( BTCUSDT ) 30 minutes timeframe -> Inverted Head and Shoulder. A strong buying level when market is consolidating/downtrend.
This indicates after long bearish trends, the price falls to a trough and subsequently rises to form a peak.
It has taken support also from 20 EMA and a good green candle ready to make a breakout. RSI also supports it.
It can do a retest on 20 EMA and then go towards the target.
Only take entry when 15 min candle closes above 43219.
First target - 44038. Book profits there or trail your stop loss for 2nd target 44500. Stop loss should be 42672.
USDCHF LONG/SHORT ?This pair formed an inverted head and shoulder pattern, broke the neckline and continued with it's bullish move. I expect this pair to retest the neckline formed for it to continue with it's bullish move. If the pair doesn't retest the neckline, i would wait for a consolidation to go long on it
EUR/USD possible to Long next week!!!Daily Chart: DXY is moving inside Ascending channel. Checked channel lower trend line for 2 days and heading to the upside and forming falling wedge pattern in lower time frames (4 hours). If DXY can't break the 93.2 level it is possible to complete the Heading & Shoulder pattern.
Ref:
Daily chart: EURUSD is also in descending channel and forming the Inverted Head & Shoulder pattern in the daily chart. If the price bounce from 1.17 level and back to 1.18, it is possible to go to 1.21.