Inverted head and shoulder pattern. Previous LH was broken with momentum, signs of Bullish sentiment. Price retraced and making new LH that significantly higher than LL (head). Right Shoulder pattern = lower bounce, that ready for breakout neck line. Risk: 2~3%. Entry at neckline breakout. RRR: 4R possible / Next BRN - 1.2000
Head formed the Double bottom (double wick). level 124.43 respected few times before price rejected and go rocketing with bullish sentiment. Right shoulder formed the lower bounced, great kick for bull to breakthrough the neck line. Still observing the PA at neck line level, if break, this analysis will go. Entry point: Neck line.
Price making new HH and significantly high HL from previous LL (head). Opportunity to long. All Criteria met. + lower bounce at left shoulder formation. Rewards = 2 X Risk. Risk 2%~3%. Entry que: price break neckline with momentum.
Timeframe: 4H price making pattern that are highly sought after. Risk-to-rewards: minimum 1:2. 2% Risk here for me. Entry point neck line if break with Momentum.
Hello Monday. Usually Monday, market is still warming up. But, to me, its a good time to look for direction for the market for this week. Chart pattern have formed completely that is IHNS. Breakout neck line. Check. Upper trend-line break. Check. Breakout HH. Check. Long opportunity with risk 35~45 pips. Risk 3% of capital as usual.
Classic chart pattern formed, these are my observations on the chart. Possibilities of short with good bear mood sentiment i look for swing short structure bias towards bearish as market unable to make new HH. breaking lower TL + neckline confirms bear jump thru the window. please bear, don't wear parachute.
Bullish power seems to wear off by looking at candles getting smaller. Price barely made a new significant HH. Looking for short opportunities at RED Line. TAYOR RRR: 2:1 Risk 3%.
Looking for long entry once price break NECK Line. Price also made a clean swing point (2 points) which coincides to make an inverted HNS. Bearish sentiment is exhausting, evident when: 1. No new LL, instead HL. 2. Bearish candles smaller. Best Entry: Neckline Inverted HNS Risk: 3% #TAYOR
Hello Folks, I observed in 4H TF, EU forming HNS pattern. Opportunity to short is at hand. My entry is at the neck line, where 2 red horizontal lines are. Extra: TL have been tested 3 times, possible to break DXY still bearish, entry sell would be against the rules, but keep the risk tighter. Key Level 1.1200 been tested several times, price looking to break...
Hello Fellow Traders, Greetings! USD Index indicates that bearish sentiment still going and in control. No signs of Bullish waking up at the moment. Price break my lower TL channel, another indications for Bearish Movement. RSI traded at below 50% level (+1 Bear). That should be enough signs to compass my next trade. recently price rejected the supply zone...