GBPUSDTF: 4 HR
Potential inverse head and shoulders pattern may be forming on the 4-hr TF. The potential retracement to make the right shoulder would align around the 0.382 and 0.50 levels making this a decent trade to the upside.
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Potential GOLD BREAK OUT Setup, 1HR June 29Use proper risk management,
TP 25 to 30 pips from entry
SL 20 to 30 pips from entry
Once either zones are broken wait for the return to the zone and continuation to enter.
EJTF: 2 Hr
Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels).
May be see some buying here to complete the right shoulder and move up from there to ~123.
See my previous EJ forecast here:
EURUSD - Head and shoulders with massive risk - reward ratioEURUSD has been in bullish trend for some time now and we see perfect pattern of Head and Shoulders at the end of the bulltrend, so a reverse is expected. We have broken a few times the neckline, but went right back through it, which is called whipsaw, made only to trigger orders and stoplosses. Execute a sell order with small lot and put the stoploss at the high of the right shoulder.
EURCHF - Time for another correctionAs we can see, when we started the channel we had head and shoulders pattern which was successful, so right now we are inside a channel and we have formed another head and shoulders pattern, so if we break through the neckline, we should expect a drop as following. there are 2 supports that we have as TP . Good luck!
SMITH&WESSON ($SWBI) 🚨 | This Portnoy Pump is Locked and Loaded🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it.
SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID.
We have some clear support levels going into what should be a solid earnings report on June 18th. SWBI is locked, loaded, and ready for gains, we just need to pull the trigger as we target the next resistance.
Support:
We have tested this level already, we may see another test, or we may simply move up from here, both work well for the bulls.
If S1 can't hold, the bulls will need to see the S2 orderblock and S/R flip hold. Although this level could work, it also opens the bulls up to a potential move to the downside as illustrated on the chart.
Earnings is only two days away, losing momentum going into earnings may still result in a nice move for the bulls, but what bulls really want to see is the rally into earnings (as that gives them more flexibility to say close part of their position before earnings come out). Given this, S1 and S2 are the only logical targets for the timeframe.
Resistance:
In a perfect world, the bulls see a move off of S1 right into the R1 prior S/R flip before earnings. This simple and quick play offers about 14% profit.
If the bulls can make it past R1, perhaps on earnings strength, then the R2 orderblock is the next point of contention and is a logical place to look at closing positions after earnings.
Summary:
Nothing wrong with being long term bullish on SWBI, but for those who are just playing the Portnoy pump your ideal play here is a quick trade, in-and-out before earnings. For those a little more bullish, earnings is likely to be impressive and we could see R1 or R2 hit after depending on what happens leading up to the 18th.
What you don't want to do is try to be a hero and go bull below S2, riding the momentum makes sense, but being late to the party could mean ending up being bear food.
Resources:
www.earningswhispers.com + www.theguardian.com + www.fa-mag.com
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RBL BANK TECHNICAL VIEWRBL BANK TECHNICAL VIEW. WATCH ANALYSIS AND CATCH THE PRICE ACTION AND MAKE BIG MONEY WITH FUTURE TRADING AND OPTION TRADING.
USDCAD - 1 hras you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders
just wait to retest the neck line and bingooooooooo
EURGBPTF: 4
I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
EURGBP ShortWait for the neck line to break , good risk reward ratio , till the trend reversal we do have some higher probability
VIX SWING LONG TRADE IDEADue to the high volume of superspreader events, this is a long trade. Forecast another outbreak, exponentially worse than our last outbreak, as well as another lockdown.
As 3TUSD was approved by the senate for stimulus relief, it's a safe bet that those in power are preparing for what I dub to be, "The Greater Depression"
As always, I am no financial advisor so happy trading!
-ZM
Cup And Handle ☕️ 🦐A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
ADAP SHORT TRADE IDEAThis over reaction to news and an approval may result in another handle on this left-facing cup and handle.
Best of luck.
-zm
BTC Inversed Head & Shoulders?Potential!
Just a idea.. chart looks like it will retrace 10k barrier on higher timeframe again denied.
follow Cryptonicx for more stuff like this! <3
BTCUSD - Head and ShouldersA head and shoulders reversal pattern with a potential target of 8k .
8k is where is in confluence with the 200sma on the daily - currently at U$D8040
Supply and Demand On EURJPY >>4 Hr ChartThe daily trend go to be a uptrend and trend is changing from downtrend to uptrend so what will happen show up in the chart
the price will retest then go to down support level then after go to uptrend
Head and Shoulder pattern WIthin next few hours there is going to be small pump till 9400-9500 and it will sharply fall to 7800 minimum.
