EURMXN SHS 1WA bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
SHS
AUDCHF Potential Sell, Watch Out for SHS TriggerThe AUDCHF pair is trading in the upper range of a falling channel and has formed an SHS pattern as described in one of our previous analysis (idea attached below.)
While the first attempt to break below the pattern failed, now we have a secon right shoulder that shows a strong selling momentum and may have enough power to break below the neckline.
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Brent Crude Pullback Buy Trade H4After reaching multi-month highs and following Trump's tweet on OPEC, oil fell $64.36 and seems to be completing a pullback we forecasted earlier in our analysis. The commodity is now trading close to the lower rising channel boundary, supporting our long view.
The inverse SHS pattern has already been triggered and projects a target of around $76.xx. More risk-averse traders could aim at the upper rising channel resistance ($73.xx).
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.
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USDMXN breaks SHS neckline, 2000+ pips targetThe support around 19.20 failed to stop the downward pressure in USDMXN, with the pair breaking below the neckline of an SHS pattern.
The pattern suggests a target at around 18.94, but I would prefer to follow a more conservative approach and aim at 19.00 instead, which also aligns with a rising trendline support.
Brent Crude Potential Long, Inverse SHSHi guys, Brent crude formed an inverse head and shoulders pattern on the daily chart and broke above the neckline on Feb 14. The pattern suggests an upside target of around $77, but we might also see a pullback to the neckline before the target is reached.
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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.
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.
Quick SHORT Idea on CADEURSituation:
CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line).
Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it.
Plan:
Short CADEUR at the confirmation of the pink trend.
Execution:
Trade the trend with SL at the last lower high.
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. :-)
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!
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