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SHS

USDCHF Potential Buy, Multiple ConfirmationsHi traders, USDCHF shows some buying momentum on the H4 candle, after a break out of the falling short-term channel. The pair is now moving sideways, signalling the selling pressure decreased. The pair is currently trading near a longer-term rising channel, and failed to break below the 61.8% Fib retracement. This could mean that the underlying uptrend may continue. Note that on the daily chart, the pair is forming an inversed SHS pattern, with the current uptrend being the right shoulder of the pattern. Join our Telegram channel to get updates on this setup: t.me
Long
by MujkanovicFX
NZDCAD - Possible sell opportunity comingHere we have the NZDCAD pair with a possible short opportunity. The pair has been in a downtrend on the daily timeframe, shown by the red falling trendline. The shorter-term uptrend on the 4-hour chart seems to have found resistance at the 78.6% Fib retracement, signalling that the price correction has finished and that the underlying downtrend may continue. Another signal that supports a sell setup is the potential Head and Shoulders pattern, as shown on the chart. However, we would need a close below 0.8900 (the pattern's neckline) for the SHS pattern to confirm and for a sell position to be triggered. Once confirmed, the pattern projects a profit target of around 300-350 pips, which aligns with the 0.8600 price-level. From a fundamental standpoint, the economy of New Zealand is showing signals of a slowdown. The latest GDP q/q came in at just 0.3%, well below the 0.6% estimate. On Tuesday, New Zealand publishes the CPI numbers which are expected to be around 0.0%. The Canadian dollar, on the other side, is well supported by the recent gain in oil prices.
Short
by MujkanovicFX
BITCOIN UPDATE 27-12-18Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the price are at 5k. This is only possible if we don't continue dropping now and if we stay above the 3.5k support. That would be the max for this downmovent.
COINBASE:BTCUSD
by Aurelius222
Great Chance! DXY retesting the SUPP- of trendchannel?!#BreakoutHey tradomanics, seems like a great chance is coming soon! :-) We are curently back in the recent range and I expect a retest of the trend-channel. Might be a good chance! We are moving within an ascending triangle and created a very weak S/H/S caused by a fake-out! Guess there is not enough demand to puush it and traders still wait for a lower-price to buy! ;-) Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow mw Any questions? need education or signals? Pm me. :-)
TVC:DXYShort
by Trading2ez
2
WOW! Many Patterns! Can the DIVA handle this? *WEEKLY UPDATE***Hey guys, time for first weekly update! :-) Check all these patterns! All double-Tops got triddered and "rode" by the market. Do they got invali? They just show us a lot of weakness, fraught and doubt at the bulls-side! All of these DT`s have created a Shoulder-Head-Shoulder_Pattern which is a Trend-turning-pattern. AS you can see, we have a gap between DAX and Dow Jones. DAX usually follows the US-Indices and likes to close gaps lie that! But how will the US-market be doing? We will see. Stay tune dnd be prepared for all scenarios! I had to reupload because I made the mistake to poromote another website! Sorry! ;-P Paace and good trades Irasor Wanna see more? Don`t forget to follow me!
XETR:DAX
by Trading2ez
Usd Cad 2 possible scenarios like always ;-) the SHS we see on the daily is what i would like to trade. An additional confirmation factor for the short is the MA here (break of MA and neckline) i marked 2 tests from above and if it holds one more time on the next day(s) it could prevent price from breaking down the neckline and giving us a short signal . If this happens and the ma + neckline holds and price starts to rise i would look for a long entry after breaking the resistance formed by the "right shoulder" to the upside. Long story short : Short after break n close through neckline and MA or Long after break of resistance formed by right shoulder No matter which way price will go we are prepared to take action either long or short , thats what i call reacting not predicting ;-) lets see what will happen
Short
by Trueman23
4