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Neckline

NZDJPY Sell SetupIf you like the idea, do not forget to support with a like and follow. on DAILY: NZDJPY is approaching a resistance in blue so we will be looking for sell setups on lower timeframes. on M30: NZDJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then sell on its break downward. Moreover, this one is forming a head and shoulders pattern (still an idea) which adds more confluence to our setup. Good Luck!
Short
by TheSignalyst
USDJPY - Trading the Trend Continuation - Neckline BreakHi Traders! The market is in a downtrend. We're going to analyse those timeframes: W1 - D1 - H4 - H1 Let's begin the multiple timeframe analysis with the weekly Timeframe. The market is moving below the 50 EMA, so it has more bearish pressure at this moment. Furthermore, it is also moving in a descending Parallel Channel. So, we're looking to short this market in the long run. Let's have a look at the Daily Timeframe: Here you can see the parallell Channel in a close-up again. In addition, there is a strong descending Trendline there. This is pushing the market down lower and it gives some more bearish pressure. Beside this, we can define the next Target level too: It is the next Support Level. Moving on to the H4-Timeframe: There is something interesting to consider in the past, but it doesn't effect the current situation much. It is the Head and Shoulders Pattern. After the market broke out of the Neckline, it moved in a Consolidation. Finally, it broke out of this Range Box too. Lastly, here is the H1-Timeframe: In this Timeframe you can see a descending Parallel Channel after the Breakout. It is pointing into the target direction. This the Entry Trading Idea: The last few bars, the market moved at the Neckline at 103.147. If the market breaks this Neckline, it makes automatically a lower low and the Trend continues. The SL is above the last high and the TP at next Support. We recommend to trail the SL with the 50MA. Thanks and successful Trading :)!
Short
by swissmoneymakers
My first PublishingPrice had formed an H4 double top at a monthly resistance and dropped all the way to monthly support (now resistance) which it broke and retested and dropped again. The market then went into consolidation which it broke out of when the the Chair of Supervisory Board of the ECB (European Central Bank ), Andrea Enria, spoke. Now price is at my 32.8% fib level and i'm expecting further rise all the way to the golden zone (50%-61.8% Fibonacci retracement level) ,further supported by the MACD , which also happens to be the neckline of the double top .
Short
by Alex-kamunga
FKLI TRADING : 206)important support broken! short on reboundthis is trade 206 frm haidojo trading... neckline 1477 is broken! so now downtrend is confirmed...! so the best strategy now is short on rebound... if you buy or intend to buy stocks in Malaysia, I reali think it is not the best timing... lower level support is 1450 and 1400 support... bearish bat and gartley pattern no longer valid...this is because leg A is violated... immediate resistance : 1477-1488 (below this is confirmation of Downtrend) lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
AMZN: Key Points to keep an eye on!Hello traders and investors! Let’s see how AMZN is doing, and what are its most important key points to keep in mind! First, we have the green line at $ 3,277, which was a previous support, and it worked as a resistance today, thanks to the Principle of Polarity in Technical Analysis. Also, it has a strong support at the black line, around $ 3,125. If we see a breakout from any of these points in the short-term, we could see a stronger movement on the daily chart: Here, the most important key point is the green line at $ 3,225 , as it is the Neckline of the Inverted H&S chart pattern. Amazon is doing a pullback to this support level, and if it closes above this point, would be a sign of strength. This could lead the stock to retest the resistance in the hourly chart again, or even defeat it, and lead AMZN to $ 3,496 again. On the other hand, if AMZN closes under the neckline, it’ll retest its support levels, like the black line mentioned in the hourly chart, and the blue line at $ 3,088 in the daily chart. There are no supports below these levels other than the red line at $ 2,887. The 21 ema is flat, and it is going to release its Earnings in 3 days . I believe this will bring volatility to the stock, and usually, this means opportunity. The bull trend is weaker on the Nasdaq Index, and maybe this will affect Amazon as well. But so far, the stock is just doing a pullback, and I see the neckline at $ 3,225 as the most important point for AMZN right now. Also, if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses. Have a great Monday!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
NZDUSD Sell Setupon DAILY: NZDUSD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes. on M30: NZDUSD is trading inside our red channel and forming a head and shoulders pattern (not valid yet) so we will be waiting for the right shoulder to form and then enter on the neckline break downward. as usual, when the sell is activated, our stop loss would be just above the right shoulder. Meanwhile, until the sell is activated, we would be overall bullish on NZDUSD Good Luck!
Short
by TheSignalyst
FKLI TRADING : 200) possible formation head-and-shoulderthis is trade 200 frm haidojo trading... I have been holding a position since 9th Oct 2020...an advanced pattern and bearish bat pattern... it is neither touching the SL nor the tp...haiz... so still holding until one of them is filled... the latest discovery is possible formation of head-and-shoulder pattern in daily chart...if this happens, it is a huge one... the neckline is at 1477 ...a critical support now... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1531-1540 ( bearish bat pattern) immediate resistance : 1500-1515 support : 1477-1488 (below this is confirmation of Downtrend) lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
EURUSD head and shouldersAfter the bottom at the end of September EURUSD rose to the levels of resistance we expected. There we see the first repulsion - the left shoulder. Re-ascent and second repulsion - the head. And now we expect a third repulsion - the right shoulder. In the Head and Shoulders formation, a confirmed entry is made in the event of a break in the neck line. This means waiting for the situation to be confirmed. All pre-entries can bring bigger profits, but will be at higher risk! Control wisely the volumes and transactions you conclude in order to achieve successful results in the long run! If you have difficulties you can always contact us! Follow, comment, Like!
Short
by ForexTrendline
1
FCPO TRADING : 177) short on rebound...?this is haidojo and the number is 177... as the market price rebound on Friday, we might see the price retest the higher-resistance level at 2900, or slowly glides down frm the current price... IF the market retest the 2900-resistance,THEN possible formation of head-and-shoulder pattern...so wait for break to the downside of the neckline at 2800...(we actually already had it...last Thursday) IF the market glides down slowly frm current price, THEN we can short on rebound...fcpo-dec probably finds some support at the pyschological level at 2700- b4 hitting lower ground at 2600... IF the market shoot up all the way, or slowly glide up...THEN it has to break abv the previous high-3100, to confirm the new uptrend...or at least abv 2980... higher resistance : 2900 immediate resistance : 2800 psychological level : 2700 lower support : 2600 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!Short
by HAIDOJO_trading
3
Double bottom 'W' shape ? Since altcoins fail to recover, we see bitcoin dominance in a strong recovery. Investors taking their profit either to USD or Bitcoin. Where we will see a strong bounce to the upside, if it breaks the neckline. This doesn't mean necessarily that the price will follow. But it shows that investors trust might jump back to Bitcoin. Since altcoins having a hard time at the moment. Am still neutral in this perspective, because stock markets are still in a big uncertainty. Crypto markets tend to follow it. But Bitcoin has found strong support arround these price area's.
CRYPTOCAP:BTC.D
by kubilaydereli32
PYPL - head & shoulders (bearish)PYPL formed a head & shoulders and had attempted to rebound from the neckline multiple times in the past week but failed. The break below the head & shoulder neckline appear to be gaining traction and we are likely to see a downtrend till around 160 (H&S target). Expect some suckers rally along the way. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:PYPLShort
by Juliac