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Shoulderspattern

DXY GAME ON!! SPIKE COMING FOR THE DOLLAR?Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply. Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates shortly after. This new data is going against what the Fed was trying to accomplish in this rate hike cycle, which is to keep inflation within mandated guidelines, and to tame loose financial conditions, dashing the hopes for a pivot in policy anytime soon and pushing that pivot out for far longer than some were expecting. This will put upward pressure on bond yields and a dollar so heavily shorted causing the pivot crowd to close out some of their short positions as the Fed puts the screws to the money supply and inflation. This classic cup and handle setup illustrates the effect the Fed Policy may have on the dollar.
TVC:DXYLong
by Journeyman124
1
NZDJPY, 4hr timeframe, Detailed analysis of SHS/Double TopHello my friends, This is my more detailed analysis to NZDJPY of my previous post. Previously i posted about NZDJPY making shoulders head pattern and today price finally closing below 70.00-69.90 support on 4hr timeframe basis. I tried projecting NZDJPY downward movement using Elliott Wave theory and it is possible price could go down until 68.20-68.30 area I've sold NZDJPY with 2 positions 1st sell from 70.25 2nd sell from 70.00 For those who haven't entered NZDJPY sell position, you could wait for price to retest around 69.90-70.00 and enter sell there Sell NZDJPY 69.90 Stop loss 70.65 Take profit 1 @69.10 Take profit 2 @68.30 RR Ratio 1:2 Use proper risk management Good Luck
Short
by HayatoDragonFX
1
EUR/USD Fake Breakout Sell Opportunity Fake Breakout with 5 consecutive days on the uptrend. Although general trend is looking bullish we expect a healthy retracement from this fake breakout before the big breakout to the upside 1.173+ assuming it passes the key critical resistance. Sell Opportunity to the regions of 1.15, daily indicators still highlight the pair as strongly overbought. It is only a matter of time before this pair retraces, as the USD is set to have a slightly stronger start to the week and the early news coming out of the Germany economy on monday 27th July (08:00 gmt) may tempt in profit taking at these key levels.
Short
by CryptocurrencyMagnet
Bull Flag - Head & Shoulder Formation Hello Traders, We are currently watching this pair for a potential bull flag , and a break higher towards the shoulder line. Major resistance found at 1.6420. We will look to enter a sell position from the shoulder line with a long term target of 1.5900. The RBA will cut interest rates tomorrow therefore expect volatility on all AUD pairs. Short term we are expecting further upside, however long term we may see the pair break lower than the neck line of the head and shoulders pattern. Please let us know your thoughts on the set up, www.forexstoreau.com
by ForexStoreau
S&P 500 Inverted Head and Shoulders Since I am seeing top authors posting here what I have seen a week before already, I will take the grace and let you know about it as well. Its simple, its obvious, I don't have to say more at it, simply take a look. Head and shoulders is a reversal pattern and requires a RED left side. We have it, we are reversing the short term trend, I am longing this one on the break of the neck-line. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
SP:SPXLong
by KongTrading
A week of study ahead - Semana de estudio Vemos a nuestro par favorita en una situación de ajuste de tendencia en una línea de soporte semanal, que se rompe una vez para mostrarnos un movimiento bajista. Sin embargo, el precio vuelve a subir y lo rompe nuevamente. Es temerario entrar en este momento. Es aconsejable esperar hasta que tenga una entrada clara. Personalmente, esta semana voy a estudiar el movimiento y las fundamentales de este par. We see our favorite pair in a situation of trend adjustment in a weekly support line, which breaks once to show us a bearish movement. However, the price rises again and breaks it again. It is foolhardy to enter at this moment. It is advisable to wait until you have a clear entry. Personally, this week I will study the movement and the fundamentals of this pair.
by Cmata1983
Zcash: I have seen this pattern on so many coins now!This graph just struck my eye! thought where have I seen this before: a shoulder-head-shoulder on the (fairly recent) daily candles that did not result in a sell off but instead a new bounce of the neckline. Answer: - this graph: - but also this one: - or this one: And there are many more examples to be found (another is for instance NXT/BTC). All these graphs have something in commen: after the rightshoulder finishes there is no break of the neckline, but a new bounce (some have big bounces others smaller ones), and after that bounce the neckline is revisted and often broken as well.. not for a massive sell off but still for som further drops.. Seeing all these graphs I would say Zcash is also heading back to the neckline (0.047 area). RSI looks strong on this coin (overbought on the daily, so allso reason for some cooling off), so in this case the neckline might/should hold. Just my 2 cents ;) if you liked please agree. Thank you all!!
Short
by yuri72
3