Sell EURGBP - Head and Shoulder Pattern with Down ABCDDaily Head and Shoulder
Down AB Swing/ Retracement from .618
Target 1.618
Strong resistance @ 0.7500
Bearish Engulfing Candle Stick Formation
HEAD
EURGBP HEAD AND SHOULDERS PATTERNOn daily timeframe EURGBP has formed a head and shoulders pattern. A sell can be initiated after the neckline breaks or we can wait for a potential retest/pullback to enter this trade
Head and Shoulders forming on the D1 WTILooks like head and shoulders forming on the D1 chart WTI Crude. If we successfully see the 2nd shoulder form, I will take a short trade down 280 ish pips below the neckline. (Same number of pips from the 1st shoulder to the head).
This is my first published idea / chart. Please comment thoughts.
GBPUSD: Possible Head and Shoulder formationGBPUSD: Possible Head and Shoulder formation. Buying at right shoulder. SL is ATR.
Head and shoulders, I'm looking for an entryI have made some of my biggest trades from head and shoulder patterns on daily and weekly charts, this one looks very interesting to me. I want to buy above the neckline after a little pull back once it breaks.
Happy trading,
Jared Johnson
EURGBP: Possible Bull Head & Shoulder. Buying at Right ShoulderEURGBP: Possible Bull Head & Shoulder. Buying at Right Shoulder
GBPJPY: Selling on bear retracement Possible Bear H&SGBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR
EURUSD: Bear H&S or Continue uptrend? IDK!EURUSD: Bear H&S or Continue uptrend? IDK! So my setup is trying to catch if one of the moves. SL is ATR.
AUDNZD INVERSE HEAD AND SHOULDERS WEEKLYAs you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process.
Since November of last year, the Aussie cross has continued to bottom and is now trading less than 200 pips below the pattern’s neckline (shown below).
What stands out about this particular structure is how skewed the risk/reward scale is at the moment. The measured objective is a massive 1,300 pips from the neckline, giving us plenty of upside to work with while limiting downside risk via the well-defined neckline.
Should AUDNZD confirm the pattern with a weekly close above the level shown below, we could be looking at a multi-month rally toward the 1.2780 handle.
AKS Head and Shoulders Formation -- Basic MaterialsAks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
USDCAD: Trying to catch volatilityUSDCAD 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 ShouldersEURJPY: 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.
EURUSD: Possible Head and Shoulders.Possible head and shoulders. Preparing to buy at right shoulder. SL is ATR.
EURUSD: Possible Head formation. Preparing to sell at topEURUSD: Possible Head formation. Preparing to sell at top of right shoulder. Entry is at 61.8% fibonacci level which also confluence with long period Ichimoku base line and long period middle bollinger bands line.
EURUSD Head and Shoulders Patterns 240 ChartPotential set-up for head and shoulders pattern. Buying the right shoulder.
AUDJPY: possible head and shouldersselling at right shoulder. one on top right shoulder, one below SR level. SL is ATR
WTI Oil H&S 15 min ChartPatterns 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 shoulder)?
Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
GoldPrice may reverse from trendline resistance.
Disclaimer: Its only my view and trend report.Trade at your own risk
