Possible falling wedge reversal on USDCAD 4HR/1Day! We will WAIT PATIENTLY for this reversal. USDCAD is coming out of a bearish triangle (WEEKLY) with a fake brakout to the upside to test the (MONTHLY) OB @1.32000 area. It has broken the short-term bull trendline and seems to be creating a HEAD & SHOULDERS pattern on the DAILY! We will play the Right shoulder Buy...
The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes. Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70. This is as the 100-day Simple Moving Average...
✅GBP_CHF is trading above the horizontal level And the pair has formed a head and shoulders pattern Which means that IF we see a breakout We will then see a further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Along this strong horizontal line two distinct inverse H&S formations can be seen With the right shoulder of the second one yet to form (indicated by yellow arrow) Price should revert to bull once horizontal is touched
Hi, I hope you have a good day (: I think from the yellow range of $ 0.388 we can enter a buy deal with an attractive risk to Rivard. I can expect a head and shoulders pattern at the end of the downtrend if it does not lose the $ 0.34 price range. It would be great if you could share your thoughts with us.
head and shoulders on $AMZN daily. Neckline in red and price targets in green. With all the speculation of tomorrow's events; Powell speaking, GDP and PCE data releasing it may hit PT's before market opens :,(but hopefully not.
Targets set in previous ideas MET. SO WHAT'S NEXT ? Before discussing that, i will like to address some points :- 1) In this idea i acknowledged that i am wrong and BTC is looking certainly bearish and cleared my stance on it :- 2) This idea i posted was about what good position i was looking at and took for short entry :- 3) Finally after seeing...
We have a decent looking Slanted Head and Shoulders Pattern developed on the ETHBTC pair that could take us down to the next support at 0.01 BTC while at the same time the USD pair looks to want to see $600
Hello everyone. I hope you are all doing well. Today I want to share with you my view of the AUD/USD weekly chart. The first suggestion for you is to go to the monthly chart where you can see the reverse head and shoulders formation (which is a very strong sign of bulls in the long run; but as you know the monthly chart suggests a long period of time, and playing...
Following yesterday's selloff — a beautiful h&s top on hourly (image below) — oil finds itself stuck in tight range between 20 and 50 daily sma's. Could be trade either way on breakout. Hopefully it waits until after inventory numbers at10:30 am EST.
USDJPY on the 4h chart reached the monthly resistance and started a retracement move to the 0.382 Fibonacci level. The market failed to break the support area with a pattern that could look like a H&S at the top of trend. The resistance area is the path of this pair and will difficult for bulls to break it at the 2nd attempt too. At this stage the price provide...
TA: a pattern Head&Shoulders, RSI 1d shows downtrend, a start of corrective wave C (abc) or 3 (1-5). Stop-loss: 6.969 - above 7.202 level Take-profit: 0,618 of Fib Retracement - 6.167
I have been given a bit of clapback for the identification of this so I thought I would make a post. Regardless of the RS being higher than the Head in the pattern, it can still be viewed as a H&S pattern, due to the predictability of the RS's downward move that will occur following its formation Comment thoughts below
Price is currently forming a rising wedge pattern at the right shoulder of a possible Head and shoulders pattern. We expect a reversal to downside for this pair after price breaks out of the rising wedge .
Looking at gold we can see a possible pullback into the marked zones after the breakout of the uptrend as seen. Watch closely early on in the week to see how it all unfolds. If we create a pullback we could see a Head and Shoulders formation which could indicate a possible trade.
A H&S can be observed in the past and a left shoulder has formed for another H&S, my basis for this is that price will be rejected at mirror resistance level and once head is formed it is very likely right shoulder will be formed. Various other chart patterns can be observed including a symmetrical triangle, which led to a strong upward breakout, and a bump and...
USOIL WTI CRUDE H4 TIMEFRAME BIAS: SELL, There is a breakout from the historic price level, when you look closely on the H1, Potential head and shoulder has been form. This current price level expose a good selling opportunity.
Monthly chart shows the completion of a right shoulder. Bearish momentum starting now.