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Shoulders

AUDNZD INVERSE HEAD AND SHOULDERS WEEKLYAs you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now trading less than 200 pips below the pattern’s neckline (shown below). What stands out about this particular structure is how skewed the risk/reward scale is at the moment. The measured objective is a massive 1,300 pips from the neckline, giving us plenty of upside to work with while limiting downside risk via the well-defined neckline. Should AUDNZD confirm the pattern with a weekly close above the level shown below, we could be looking at a multi-month rally toward the 1.2780 handle.
Long
by Stefan17
WTI Oil H&S 15 min ChartPatterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right shoulder)? Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
FX:USOILShort
by BobVanders
EUR/JPY - Possible H&S | Daily chartHey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart. The 200MA acts as a resistance level for the shoulders along with some structure earlier this year. It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190 's we might be looking at a drop to somewhere around the 132,500's (the D point of the butterfly). Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance. Let me know what you think! Thanks in advance and happy trading
by Stoelenbouwer
USDMYR: Incomplete head and shoulders formingAnalisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang harga dijangkan akan menuju ke Right Shoulder dan dijangka pergerakan menurun akan bermula dari situ (ditanda dengan garisan hitam, Bearish Wolfe Wave juga terbentuk disitu).
Short
by coffeeground
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