BTC Inversed Head & Shoulders?Potential!
Just a idea.. chart looks like it will retrace 10k barrier on higher timeframe again denied.
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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.
UJ support zone mark ups 30 minjust looking at some basic support zones on UJ that I like. Clearly in a downtrend on the 30 min, going to wait for a set up and see if it breaks above and retests for a buy or drops below a previous support for a sell. Only looking for shorts for now as it is in a clear continuation to the downside for now. May 7 2020
NAS100 strategy supply and demand, trend. www.hcapitalfx.comPrice in now in the middle of the major supply and demand zones. Price has broken the trendline within this zones. I wait for a retest of the trendline, round number and 61.8% fibo before going short.
Prediction for May 2020- Brent Crude Oil.Prediction never will be 100% always spot on. Always have backup plans if things don't happen as predicted. Level 28 seems to be the determinant, whether it will go up or down. This is for short term view. Long term view ( 1year): buy.
[XAUUSD] Buy Idea. Inverse head & shoulderAfter the wick rejection at the support zone, I believed gold will trend up towards the last resistance zone. Simple but profitable. You can catch buys anywhere between the two zone, as price makes it's way back up.
[USDJPY] Sell idea! Head & Shoulder ReversalUSDJPY is currently in a major level of support where price can either go up or go down. Price is going to move down and form a perfectly executed head and shoulder Reversal. I see price dropping initially down to the last lowest wick, retracing back to entry and then making it's official breakout for the sell.
SELLPrice has fortunately dipped in our zone however it has already started bouncing out and most of us could have missed the trade but provided we get a small correction we can get into the trade or add on it .Watch it play ,small targets 30 pips .
How to Properly Sell the Head & Shoulder Pattern for Easy $A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest.
A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend .
Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground.
Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
LONG price might retrace into our demand zone for a short term buy ,buy just below the 0.78 fib ratio for low risk to reward ratio .
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
