Firstly some fundamentals. Basic materials have dropped 4.4% in the last month and 5.7% in the last week. In this sector mining has seen a 7.83% drop in the last week and 12.49% in the last month (source finviz and stockcharts.com). This specific stock has performed worse with a weekly drop of 8.23% and 14.02% monthly. This gives an overall picture of weakness at...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. While speculative in nature before official news on Brexit - from a technical standpoint the EURGBP has been developing a potential powerful head and shoulders pattern on the larger time frames. The psychological barrier of...
Hey gang! Found a good Head and Shoulders Pattern right here on the GBPCAD! Head Resistance: 1.93000 Neckline Support: 1.90000 Profit target: 1.87000 Its a 300 pips profit! This is my strategy for trading Head and Shoulder Patterns. Take it with a pinch of salt! If you have any recommendations on how I can improve, please do comment here! :) When to enter:...
GBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR
USDCAD is likely to go up. OA is showing uptrend. Price is approaching top side of Kijun Sen. I'm expecting price to go bullish and trigger the buy stop. However i'm also concern the pattern is forming bearish Head and Shoulders. Do cancel the untriggered stops if either one stop order is executed.
EURJPY: Possible Head and Shoulders. Please make sure price reaches blue SR level before placing buy stop. Entry is confluence with 61.8% fibonacci and TP is confluence with 76.4% fibonacci level. SL is ATR.
Possible head and shoulders. Preparing to buy at right shoulder. SL is ATR.
Patterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right...
Analisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang...
We seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222. This situation should resolve in the following 2 sessions (8 h)
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours. This is a pretty simple High probability trading set up and should be a really good trade. Trigger!
Good opportunity to go long after breaking the nick line, target one is the measurement of last shoulder to the nick line and target 2 is the normal objective of H&S pattern.