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EURCAD Analysis for shorting opportunityAfter what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start its clear that the break wont happen now. So we will be taking a small short position is price tries to go back there and upon good price action short. Gud Luck.
Short
by KiBeCh29
INVERSE HEAD AND SHOULDER (CONTINUATION)another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet place there...... P.As and P.Os should always be carefully considered and patience plays a big part in placing them and protecting that sweet and vulnerable account. good trading and what not
Long
by webster.robesten
A2M Head & Shoulders - Waiting for final ConfirmationA2 Milk appears to have lost to the bears. A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken. Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign. Increased volume on negative candles and on right shoulder shows strong possibility of break down. Finally the share is closed below the 30 Week EMA, which also signifies a bear movement maybe lurking. Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.
ASX:A2MShort
by IRApTOIR
ETHBTC Inverse Head and ShouldersHello Traders, New Thesis on ETHBTC Points to consider, - Potential Inverse head and shoulders playing out on the 1hr time frame - 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed - RSI on uptrend with strong support - Volume declining on right shoulder - VPVR showing low volume of transactions after resistance zone ETHBTC could have a pop to the upside, this will only happen if BTC decides on its direction, the market is dictated by BTC's action, if BTC starts to consolidate on the daily, then the chances of this head and shoulders playing out will be more probable... what are your thoughts? please leave a like and comment, and remember “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
Long
by AzizKhanZamani
2
Head and shoulder plus rising wedge: Probability for correction So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted. Then there's also a rising wedge at the same time, which tells a higher probability for downside as well. But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time. BTC maybe wants to make it look as if an imminent correction would occur, just to go berserk and pump to 12k. So, I am not trading this pattern here, just observing. The fearless among you could try to trade this pattern, by opening very slight shorts, with tight SL's at maximum 8450. Good luck and let's see what BTC is up to :)
BITSTAMP:BTCUSD
by SebastianofMoon
18