GBPUSD: Possible Head and Shoulder formationGBPUSD: Possible Head and Shoulder formation. Buying at right shoulder. SL is ATR.
Shoulder
EURGBP: Possible Bull Head & Shoulder. Buying at Right ShoulderEURGBP: Possible Bull Head & Shoulder. Buying at Right Shoulder
EURUSD: Bear H&S or Continue uptrend? IDK!EURUSD: Bear H&S or Continue uptrend? IDK! So my setup is trying to catch if one of the moves. SL is ATR.
AKS Head and Shoulders Formation -- Basic MaterialsAks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
EURUSD: Possible Head formation. Preparing to sell at topEURUSD: Possible Head formation. Preparing to sell at top of right shoulder. Entry is at 61.8% fibonacci level which also confluence with long period Ichimoku base line and long period middle bollinger bands line.
AUDJPY: possible head and shouldersselling at right shoulder. one on top right shoulder, one below SR level. SL is ATR
GoldPrice may reverse from trendline resistance.
Disclaimer: Its only my view and trend report.Trade at your own risk
EURUSD: Possible head and shoulders formationEURUSD: Possible head and shoulders formation. I'm selling at top of right shoulder and SL is ATR
AUDNZD may be supported by 1.0880 to complete Inverse H&SAUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead.
Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
Bearish SPY Head 'n' Shoulders FormingThis head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the decline of the right shoulder. Combined with weakening breadth I'm fully taking it as a bearish turn.
We still have to see that neckline support break convincingly with a nice rise in volume for the pattern to complete.
The "rough guide" price target is ~195.
Let's see what happens.
(repost) GARTLEY PATTERN W/ POTENTIONAL HEAD AND SHOULDER.Goodmonring,
I've been watching this pair for a while now. and i posted a potential trade 7 days ago ( )
If the price come's to Point D of the gartley pattern i will go short on this pair.
on that point it could be the right shoulder of the head and shoulders.
Lets see where the price is going!
Good luck this week.
Best regards.
ADEP Potential Trend Change - Reverse Head and SholderADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a breakout.
This puts the:
--Buy point at 9.02 (on HIGH volume)
--Stop at 7.71
--Target at 11.17 (Using the formula (neckline above the lowest point - lowest point)*.7 + breakout point) and then rounding to the nearest resistance line.
However, beware; if a breakout does not occur and the recent slight uptrend is broken, the stock could hit 7.72, and later 6.66
GBPCAD finally game is on for the start of the new downtrend.there is a channel and 8045 has been tested twice. this shows that 8045 is the R that I want to watch on n price should not day close above in order to spoil this hns pattern for a new downtrend.
I see a channel with macd divergence but the channel itself is awkward as the channel break does not present the best RRR. Hence i will need to modify my entry and look to trade on h4 closes below the 3 day high spike.
