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Neckline

EURNZD Long AnalysisTake a look below you will see the previous analysis of this pair. Originally price formed a double bottom. Price retraced to the neckline as expected. After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of). This area was near 61.8 fib level, which is where price respected and found support at this level, then began it's push up. Here is an image of the previous analysis, performed on March 27
Long
by NoCeilingsTrading
1
CL> example of head and shoulders pattern with neckline triggerHere is a head and shoulders pattern and how the neckline can be used as a trigger for either a short or long position. Wait for neckline to declare itself as support or resistance. 2 possible scenarios: 1. Price breaks neckline (resistance currently) wait for retest of what would then be support to enter long position. 2. If price bounces down off neckline then enter a short position on candle close. No need to wait for confirmation because it has already been confirmed as resistance Down wedge tells me we have more room to go up. But what happens at neckline is unknown. Follow the rules above, use proper risk management and you will be okay. Please like and follow me to stay up to date on my trade setups. Ms. Bunny
NYMEX:CL1!
by UnknownUnicorn11430563
2
BTCUSD LIKELY MOVE - LONG TO $57,000 OR SHORT TO $38,000Right here is a my idea on Bitcoin. As seen on the chart, price is in an uptrend and I expect price to continue in that direction. But if price breaks the lower trendline downward, then I expect price to follow the double top (M pattern) and approach the neckline at $45,000. If it breaks the neckline downward, then I expect a full M pattern to head to $38,000. The yellow lines are the previous key support and resistance level price may encounter ahead of it. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BITSTAMP:BTCUSDShort
by PetrockFxTrading
2
Double Bottom BouncePrice action is being supported strongly around the bottom of the trend channel and 1450 area creating a double bottom, this is a bullish sign as long as the buyers can push price back up towards the neckline. A Bullish confirmation to enter a long would require the 20 and 50 EMA to crossover on the hourly candles and a retest of the neckline to present new support. If buyers cannot push the price back towards the neckline I am thinking we could see another drop towards 1350 which would break the current ascending trend channel that we require to hold for us to stay bullish long term. Hourly candles show we've recently been oversold and MACD is showing a trend divergence.
Long
by Rogez
Can GBP Bears take out the neckline?This setup is only relevant if we can get that daily close below this neckline. As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of these levels is a coincidence. As above, no daily neckline break, then the setup is not in play.
Short
by TeePeeFX
CHFJPY - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: CHFJPY is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes. on H4: CHFJPY formed a head and shoulders pattern in orange. Trigger: Waiting for a momentum candle close below the gray neckline to sell. The head and shoulders pattern isn't activated yet, so it is still an idea, and until it gets activated CHFJPY would be overall bullish and can still test the upper resistance before going down, in this case, we will be looking for new sell setups to form. Good luck! ~Rich
Short
by TheSignalyst
46
GBPNZD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes. on M30: GBPNZD is forming a head and shoulders pattern (still an idea) so we will be waiting for the right shoulder to form to consider it valid. Trigger: Waiting for a momentum candle close below the gray area/neckline to sell. and until the sell is activated, this one would be overall bullish and can still trade higher. Good luck!
Short
by TheSignalyst
60
BTC chart for 1/5/21 @ 11am EST showing possible trend linestodays chart is showing breakout of the long term pendant to the upside. however we are struggling to pass the head and shoulders neckline.. keep in mind this head and shoulders is also within a larger W pattern. a break of the W neck line will be bullish signal. always wait for larger than average volume to provide confirmation that there is buying/selling pressure in the direction your looking to go. if we break the red line id very bearish and probably see a 27K again and maybe even as low as 23K. if we break the purple line we can see 36K followed by 46K and 53K as per the FIB's tip of the day..."the trend is your friend til the end" -mmcrypto ***im not a professional...i do this so you dont have too :P**** like and subscribe if you enjoy the content
BITSTAMP:BTCUSD
by ELM_Trading_NYC
GBPNZD => Waiting For Our Trigger To Buy!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY : GBPNZD is sitting around a strong support area in green so we will be looking for buy setups on lower timeframes. on H4 : GBPNZD is formed an inverse head and shoulders pattern so we are waiting for a break above its neckline to buy. Trigger: Waiting for a momentum candle close below the gray area/neckline to buy. and until the buy is activated, this one would be overall bearish and can still test the lower green level before going up. As price approaches our upper blue resistance, we will be looking for sell setups. Good luck!
Long
by TheSignalyst
17
STORJUSDT waiting for a pullback 🦐STORJUSDT waiting for a pullback after the price had a breakout downward. If The price flip the neckline as resistance, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Short
by InkyGrip
6