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Invertedheadandshoulders

LTCUSD mid term forecastIdea : i think of a scenario that can occur if prices reverse are supported by falling wedge reversal and potential inverted H&S patterns formation **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
KRAKEN:LTCUSDLong
by GWBFX
3
How to enter a trade using the inverted H&S (Education, Example)An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. 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. Chen, James. “Inverse Head And Shoulders.” Investopedia, Investopedia, 18 Nov. 2019, www.investopedia.com
by UnknownUnicorn3442968
11
BTCUSD Forecast on H5, bitcoin is getting ready to go higherNote : complete inverted H&S pattern is a pretty good sign that bitcoin will continue its upward movement --> buy on dip **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
COINBASE:BTCUSDLong
by GWBFX
2
XAUUSD, Buy on H1**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 like i do, please write it in comment so we can manage the trade together. ___________________________________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
FX_IDC:XAUUSDLong
by GWBFX
3
I'm Not Concerned With XRP's Price DeclineThank you for checking out my idea! I believe this wave down is the bears last attempt to break to new lows. I personally feel they will fail. XRP is one of the few coins to not really have made a serious comeback in the market. As some examples, LTC did $22 to $145, 6.5X. ETH did $80 to $360, 4.5X. BTC did $3k to $14k, $4.6X. Meanwhile, XRP did $0.28 to $0.50 during that same leg up. Nothing to be disappointed with realistically, but in comparison it doesn't beat any of them. Why is that? Maybe there is a reason it's doing worse than everything else and I just don't see it. I am no XRP maximalist or BTC maximalist. So don't think I'm just trying to shill this coin or any specific coin. I try my best to be objective on any cryptocurrencies potential. Though I do see XRP is one of the FEW coins that's not just a theoretical idea being tested, but rather a fully fledged business model currently being used by multiple banks as we speak. It works and it works well. So the idea we are going to new lows is pretty far fetched to me. A large Inverse H&S pattern to start our bull run up would be a fantastic start. I think it's time XRP starts catching up to some of these other coins gains. For those that think this is wrong; You very well could be correct! I don't believe that just because I think it 'IT MUST BE TRUE.' I could totally be wrong, but the burden of proof is on the bears for this one. Again, thank you for checking this out! It's just a thought. Drop me some likes for funzies.
Long
by Dtradess
Inverted Head and ShoulderHello there everyone we have got a very decent Risk to reward trade setup forming of USD JPY, At a KEY resistance zone, we are looking for a very powerful breakout of the chart to trigger our trade setup, just waiting for the confirmation of the trade. Either up or downside. All the best guys! Trading Game plan (For consistent results) 1. Trading only with maximum 2% of account value ( Not to have huge draw down of account) 2. Only trade @ KEY supply/Demand zone ( Identified via higher time frame W/M ) 3. Trade my trading edge, Good Risk Reward (1:2 or higher)
Long
by ZanderGoh
Update - A Weak LINK In The Chain For The BullsSo this chart started out with just my two white trend-lines, and after drawing them I realized that there is also an Inverted H&S along my resistance line. I seem to be finding these a lot lately and I'm kind of questioning their reliability. I think this is going to come down to which trend-line breaks first and confirms its H&S. If we break down it's possible $2.50 could save the day, but I personally don't feel another test of that area alone will hold us up. The RSI levels are all fairly neutral, but the bigger the time-frame the more room we have to fall, and that is why I think the H&S(not Inverted H&S) is more of a threat. If we move up I still feel a re-test and break of $2.88-89 is also key to moving even higher. I have personally been bullish during this consolidation, but the closer we get to $2.50 again the more concerned I become for that scenario. Though we can still very easily hold support and break the overhead resistance to head back towards $2.76-.79. We'll just have to wait and see. I'd recommend stops just under the resistance line or under $2.50 if you want to risk a little more for the potential pay.
by Dtradess