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Invertedheadandshoulders

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
Long
by GWBFX
1
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
Long
by GWBFX
1
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
Long
by GWBFX
2
Triple Bottom or Inverted H&S?I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline. The dark Blue line on the chart represents the neckline.
NASDAQ:COSTLong
by ScotianBot
1
EURCAD 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
Long
by GWBFX
1
What will GOLD do? how about BTC?Another idea that might play out. On the short run, both gold and btc went down and reached some support levels. At this point it could go either up or down, but i would lean more towards up. Here is why: 1. The COVID situation is not over and we should expect wave 2 of infections. 2. During this time money will be secured in assets : GOLD is the most preferred one by big players in the market (companies) 3. The daily chart is forming a possible Inverted Head and Shoulders pattern that could sustain this idea. Resistance levels: 1. 1790 2. 1905 ish For the moment i will wait for more data that will confirm this. If this moves, we can see BTC move up as well, with a first stop at 10400 area. OANDA:XAUUSD
OANDA:XAUUSDLong
by teodorDrobota
2
Is FFH breaking out of an Inverted H&S?On the RSI FFH has created a higher high, very bullish. Prem Watsa bought nearly Half a Million shares of FFH, I wonder if the Blackberry rumors are true? An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline.
TSX:FFHLong
by ScotianBot
EURCHF Bullish Idea - H1 and D timeframeInverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle). Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens. (Calculation of TP and SL distance assumed insignificant gaps) First target is inverted H&S head minus neckline, 65 pips. As the price reach this target, I would not take profit but would move the SL to 1.07405. Second target is the previous high of the retracement in daily time frame, around 200 pips. This target is already very decent to me, but if the momentum seems nice, I may consider to continue moving SL and let it run, in hope it can reach Fib 1.236 or even 1.618. For SL, I would set it below the right shoulder, risking 35 pips.
Long
by aharonly
GBPNZD 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
Long
by GWBFX
3
EURGBP 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
Long
by GWBFX
3
$ETHUSD Multi-timeframe bullish outlookBefore we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. Today I'd like to update you on the ascending triangle I shared not too long ago (see below). I expected a breakout before the first of June. In between now and then, the triangle has broken down to the downside and reclaimed it. In doing so, it printed an inverse head & shoulders pattern on both the daily and 4hr charts (see below). ​Using conservative methods, we measure the top of the lowest reaching candle in the head of the iH&S to the neckline. With the iH&S neckline at $217 and the height of the head measuring $30, I think a $247 per COINBASE:ETHUSD target is reasonable. In printing and validating the iH&S however, COINBASE:ETHUSD has also broken out of the ascending triangle to the upside. Essentially, we're seeing 2 bullish formations happening on two different timeframes. Combine this with COINBASE:BTCUSD regaining it's bullish momentum (keep an eye on the monthly close, we've not closed above $9340 in almost a year) , and I think we will see a nice few months for CRYPTOCAP:TOTAL . By now I hope you have all filled your bags as I instructed​ you to do so at $191. Best of luck traders.
COINBASE:ETHUSD
by CryptoJelleNL
2