long OZLstarted to look at stocks in ASX long term so dont have to be actively watching market all the time.
currently long on this stock cause float price has been broken and yearly Pivot point mean has been broken. also looks like a inverted HnS so holding to the red line.
the inverted scale option on TV is handy to see the head and shoulders with a wick test of the shoulder.
Invertedheadandshoulders
AGIBTC is creating Inverted head and shoulders 🦐AGIBTC is creating Inverted head and shoulders below a daily resistance.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
gbpusd long ideaPrice rejected the daily structre yesterday. After the rejection it impulsed upwards. Looking like inv head and shoulders. Right shoulder might be between 0.5-0.618 fibonacci taken from the low to the high of the previous impulse. The position showing in here is symbolic. Just expecting this direction if i see a higher timeframe wicks. React after the wicks.
USDCHF Trade Analysis for Long PositionUSDCHF Trade Analysis for Long Position
Inverted Head and Shoulder form at recent support zone 0.93939 - 0.93754
Price break above neckline and go higher
Neckline zone 0.94303 - 094176
Wait for price pullback to neck line zone and Bullish Rejection candle form and enter long position
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
USDCAD, 4hr tf, inverted shoulders head / broadening patternBased on the 4hr timeframe we could see there is a potential reversal pattern for USDCAD.
We could see USDCAD rotate higher as there is an inverted shoulders head pattern / broadening pattern.
Price already broken above the resistance.
We are going to time our entry on the pullback or retest of support. If prices continue going up, we will skip this trade and won't chase it.
Buy limit USDCAD 1.3580
Stop loss 1.3520
Take profit 1 @1.3645
Take profit 2 @1.3710
good luck
BUY ON SWISSY DOLLAR?? There is a possible Inverse Head & Shoulders pattern being formed on the 2HR time-frame for USD/CHF. I've identified the head & both shoulders, as well as the neckline. Price recently bounced off of Daily Descending Support, which gives me even more cause for Bullish sentiment. I place a Buy Stop order & a Stop Loss order based off of the Inverted H&S. I'm floating my TP at the moment until I decide on a clear profit area. What are your thoughts on this pair?
USDCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
The BULLS are swinging back into action!!?Possible Inverted Head & Shoulders formed on the 1HR TF. Price is currently testing 1HR Resistance. Bitcoin may be in for bullish movements towards 9420 - 9435 Zone. Currently awaiting possible retest to recently broken resistance level.(9256.50) What do you think Bitcoin is about to do?
Possibly an Inverted H&S for Aleafia Health? In blue I have outlined a bullish flag or descending triangle, or possibly a falling wedge, it appears as though momentum is leaning towards the bears creating a series of lower highs, but the blue downward sloping line of resistance looks like it's about to be breached to the upside, and continued bullish price action could possibly create a inverted H&S pattern.
Only time will tell.
GBPCHF, 4hr tf, inverted shoulders head pattern in playBased on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern.
We could see price continue to go up as GBP currently gaining strength.
Buy gbpchf 1.1800-1.1815
Stop loss 1.1730
Take profit 1 @1.1875
Take profit 2 @1.1950
good luck
GBPUSD, 4hr tf, inverted shoulders head pattern breakoutBased on the 4hr timeframe we could see price making an inverted shoulders head patter. The last 4hr candle close confirm a solid close above the neckline of this pattern.
Buy GBPUSD 1.2515
Stop loss 1.2450
Take profit 1 @1.2600
Take profit 2 @1.2675
Take profit 3 @1.2770
good luck
NAS/BTC try to buy next the Support level.Hello, traders,
NAS recently brokes an important resistance level after an inverted head n shoulders pattern. Now, this level is going to act as an important support level. So we must wait for a pullback.
Be careful with fake movements.
Push the like button and follow us on TV.
EURJPY Swing LongWith the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming on the 4hr time frame of this pair, which serves as good confluence for a long on pair.
A more ballsy target would be the 127.2% fib extension of the weekly retracement.
General Electric $GE "H&S,Bottom"$GE is forming unconfirmed head and shoulders,bottom. watch for $8.56 for a breakout.
12 months Consensus Price Target: $9.30
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
EURJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
SPX Broke Up Falling Wedge; expect H&S BacktestChart says all; simple idea. Most often after one of these wedges breaks up it will fall back to retest the upper TL before it really takes off.
Would give inverted H&S and a higher low; could be the start of an impulsive move higher, to give a double top. Small gap is a weak draw higher.
As always, just a nother crackpot idea; FGS do not trade off this, trade at your own risk if you do! GLTA!!
BTC Argument for Re-Accumulation vs. DistributionPretty self-explanatory. The neckline seems to be angled instead of flat. Extending the trend to the right shoulder, and seeing that there is high liquidity @ 8600, a correction to the neckline would not surprise me. From then on the next notable resistance (and liquidity) is ~12500.
I have seen arguments for that ranging just under 10500 as either re-accumulation or distribution.
As @CredibleCrypto pointed out on Twitter, we have tapped this resistance 3 times in that last year. Now instead of immediately dumping, we have consolidated just under the 10500 resistance, which hints at weakening selling pressure.
On the other hand, the range we have been in since mid April of 8000 to 10500 appears to resemble Phase A & B of Wycoff Distribution.
Hard to tell, but the possibility of Wycoff Distribution could just be Confirmation Bias.
The fact that we have tapped 10500 3 times in the past year is solid evidence for re-accumulation. This combined with an Inverted H&S pattern are both bullish, so my bias is bullish.
NOTE: I have linked my post of a possible Wycoff Distribution below. Compare that bearish outlook to this bullish outlook and decide for yourselves...
USDJPY long trade ideaStructure: Bottom formation, Direction: UP
Plan: wait for the price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Inverted Head and Shoulders1. Inverted Head and Shoulders
2. Divergence showing price gaining strength
3. Reject off 61.8% Fib
4. Moving Average blue above red
5. Enter at break of neckline
GBPNZD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Possible inverted H&S for GOLD?The right shoulder of this inverse head & shoulders is noticeably higher than the left, which makes the pattern more bullish, upon closer observation a Ascending Triangle is potentially about to breakout to the upside.
The rsi on a long term time frame of 5 years or more displays bullish momentum or a potential bearish divergence.
