FCPO TRADING : 85) a possible false breakout...hi, this is trade 85) frm haidojo trading. fcpo-oct has emerges and becomes the new active month...so if you have traded fcpo long enuf, u must know then onli trade the third active month...the resistance 2560 has officially not broken yet...so we wait for :
1) IF the price move back to retest the 2560 and failed, THEN we have a Double-Top formation, indicating short
2) IF there is a gap down today or tmr, THEN the 2560 candlesticks yesterday has become a "lone island", forming some kind of head...so we can still go for short...
3) IF price juz settles calmly near 2474-2480...THEN rebound...go for long, nothing has changed...uptrend persists...
support level : 2475-2480
resistance : 2560
higher resistance : 2630
WARNING : this is solely for educational purpose onli, it is not an indication of buying nor selling therefore trade at your own risk...
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HEAD
USD / CAD to Continue with Downward MomentumDaily Chart
- Forming a head and shoulders pattern with the neckline at 1.35
- Price broke below the 233 period VWEMA, came back retested and rejected it
- Price rejected the 1.37 even within the 50 - 618 retrace level
- Trend RSI broke and has stayed below the 50% level
Weekly Chart
- Major support was broken a few weeks back
- Price has since came back to retest that zone and rejected it, confirming it as resistance
- Next major support will be within the 1.30 price range
- Reversion to the mean at the 233 week VWEMA within that same zone.
- Trend RSI just recently broke below the 50% level
4HR Bearish Head and ShouldersBearish Head and Shoulders Top pattern Completed on 4HR time frame at the end of an upwards move, signalling a reversal.
The Negative Neckline was then Broken @1.24540.
Pullback formed towards the neckline, this is a .618 retracement of Swing High to Swing Low of Neckline Breaking move, the golden mean.
Equal Measured Move is Lining up with 1.68 Extension of Pullback towards neckline.
Entry reason after a Doji, LLLC for 3rd Chance entry on 1HR.
First Targets at 1.272 extention of pullback as structure is present at this level (1.23000 level) and 2nd targets at 1.618 extension of Pull Back. (1.22180)
Stops Average true range (26 pips) above pullback.
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!
EURUSD Head & Shoulders Pattern Abtin00Hello again guys
We are seeing head and shoulders pattern in EURUSD we that can reach the target we shown on chart but the market can do anything because of that you should put STOPLOSS
Be patient and take proft guys
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Abtin
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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.
GBP_USD SHORT . h4 . head and shoulders .I think In the next 2 days, gbp will make a fuss! Hurry up !!!
EURGBP Head and shoulder or not?EURGBP could create an Head and shoulder or breaks the the recent structure 🦐
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.