BUYING TRADE SPECULATION The chart currently is forming head and shoulders, Signaling bullishness of the EUR to JP, what's your take on this ?
Head and Shoulders
NZDCHF - Bearish Head and ShouldersHello Traders !
On the daily time frame, The NZDCHF reached a resistance level (0.51784 - 0.51632).
The price formed a head and shoulders pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
______________
TARGET: 0.50650🎯
Aon plc Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Aon plc Stock Quote
- Double Formation
* 012345 Wave Feature | Subdivision 1
* 1st Retracement | 1.618 Area
- Triple Formation
* Pattern Confirmation | Inverted | Subdivision 2
* 2nd Retracement | Long Support & Entry Bias | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Going nowhere can be profitable - Long at 454.61FDS has disappointed the buy and hold crowd over the past year. In the last 356 days (it was a leap year), it has gone up a total of around .22% - basically nothing. It has given me a bunch of profitable trades, though, and it's giving me another one today.
While it has done basically nothing overall, all those zig-zags along the way are where my excess return lives. Stock returns like this one over the course of the past year can be both gut-wrenching and frustrating. It was charts like this one (and owning the stocks behind them) that was a big part of what motivated me to develop the trading system I now rely on almost exclusively (except for some fun day trades).
In over 800 actual and backtested trades, it has generated a per day held return 4x that of SPY's long term average daily return. In the large/mega cap universe, that has made it historically a top 10% stock for me. The fact that there is support nearby is nice. Or, you could say it's forming a decapitated head and shoulders too - an almost perfect one if you don't care about the head.
That could be a cause of concern, I suppose. In the end, though, through all the ups and downs of the markets and the stock, all the trends and chart patterns, I go back to the data.
Does past performance guarantee future results? Well no...but over 1.2 million trades worth of data sure does help me sleep at night while the trade is on, that's for sure. To be in the top 10% of that much data says something about
FDS
and its reliability of returns. I trust that data and it has certainly earned my trust since I started trading based on it.
As I developed this system and saw what happens when you use large amounts of data to drive trading decisions, I understand much better the tech world's fetish with big data now. It works. It makes me wonder if there's big data out there on head and shoulders patterns (head included) and things like trend lines and support and how predictive those signals really are. Alas, that's a job for someone else. I've done (and continue to do) the data crunching for my system, because I believe in the predictive power of that data - and that's the real reason I went long FDS at the end of the day today.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
MEUSDT Ready to Explode or Another Bull Trap?Yello, Paradisers! Are we about to witness a strong bullish reversal on MEUSDT, or is another trap being set? Let’s break it down.
💎MEUSDT has formed a well-structured ending diagonal with a clear 5-wave pattern, increasing the probability of an upcoming bullish move. Additionally, the inverse head & shoulders pattern, combined with bullish divergence, further supports a potential reversal. However, for confirmation, we need a decisive breakout and candle close above the key resistance zone to increase our odds.
💎In case of a retracement or panic selling, we are eyeing a bounce from the major support zone, where a potential double-bottom formation could play out. But to strengthen the bullish case, we need to see bullish I-CHoCH (Internal Change of Character) or a W-pattern forming on lower timeframes.
💎On the flip side, if MEUSDT breaks down and closes candle below the major support zone, it will invalidate our bullish outlook. In that scenario, waiting for stronger price action and a more favorable setup would be the best approach.
🎖Patience and strategy are key, Paradisers! Rushing into trades without confirmation is a sure way to get trapped. Play it smart, stay disciplined, and wait for high-probability setups. That’s how you win in this market!
MyCryptoParadise
iFeel the success🌴
GOLD (XAUUSD): One More Bullish Confirmation?!
After the release of the yesterday's US news, Gold went up again
Analyzing a 4H time frame, I see a completed inverted head and shoulders pattern.
Probabilities are high that growth will continue.
Goals: 2931 / 2942
❤️Please, support my work with like, thank you!❤️
AUDCHF SHORTBroken trendline
Lower high, lower low
Lop-sided head and shoulders
Great R/R 1st target 1:4 (retrace to the 0.618 fib)
2nd target 1:11
Is coming backPrice has been accumulating since Jul 2024 and it has been poking the 25.5 resistance level. Eventually is going to break it up, not sure when but keep adding at every pull back. SL triggers if the pattern is busted, a weekly candle closes below the 22.
Explosive setupYou may not like Coeur, but this chart has bullish written all over it.
Just look at that volume build just under the massive 5 year resist. Major pressure!
Japanese strength under construction with CAD Weakness looming?Hi Traders,
I'm back with an interesting take on CAD/JPY .
This pair has surged 1% today, reaching the highs last seen on February 6th . From a fundamental perspective, the Bank of Japan (BOJ) is expected to announce a rate hike this week , with markets already pricing in two 25bps increases by the end of 2025 —the first of which is expected imminently.
Trade Policy Developments:
Recent statements from the U.S. administration suggest plans to impose a 2 5% tariff on imports from **Canada and Mexico**. This could put pressure on the CAD , particularly against the JPY, as investors seek safe-haven assets.
Technical Outlook:
Looking at the charts, price is currently trading around a minor psychological level of 107.750 , which is where I've entered for some swing shorts.
We also have a massive Head and Shoulders pattern forming, which, if confirmed, could drive prices lower. My attractive target for this setup is 100.000 —a major barrier that could act as a strong support zone.
Risk Management:
The main risk in this trade is that we haven't fully broken the Head and Shoulders neckline yet , which could serve as a strong support. A fundamental catalyst might be needed to break this level.
For risk allocation, I’m allowing price to move up to 108.800 before cutting losses. Until then, I'll be monitoring price action closely.
As always my friends, manage your risk and trade smart . Stay safe out there!
Yours truly,
Tradebudz
Bitcoin: Promising Patterns and Potential BreakoutBitcoin's recent price action has been nothing short of captivating for traders and analysts alike. On the daily chart, we've observed the formation of an Inverse Head & Shoulders and a Cup & Handle pattern, both of which have now transitioned into a Bull Flag. These bullish signals suggest a strong potential for upward movement.
Zooming into the 4-hour and 1-hour charts, we can see prominent Ascending Triangles taking shape. These patterns are often harbingers of significant breakouts, and it appears that Bitcoin is winding up for a substantial move.
Moreover, when utilizing a Trend-based Fibonacci Extension on the daily timeframe, the golden pocket points to a target of $126k, with the next pocket at $185k. This aligns with historical data and technical indicators, suggesting that Bitcoin might be poised to rewrite history once again.
Stay tuned as we monitor these developments and anticipate what could be a historic breakout for Bitcoin!
Godrej Properties - H&S Pattern to reach 1600Godrej Properties has confirmed Head & shoulder pattern breakdown.
With this breakdown, following targets possible.
2000 / 1885/ 1750 / 1600
SL: 2470
LT possible to touch 2850 for 15 to 17% correctionLT has shown Head & Shoulder pattern formation, it there is a breakdown then it has possibility to have following targets;
3260 / 3100 / 2930 / 2850
GBPJPY Inverse Head & Shoulders Set-UpOANDA:GBPJPY has formed the Bullish Reversal Pattern, Inverse Head & Shoulders!
Price has broken up above the Down-sloping Neckline to confirm the pattern.
Once the Break is Validated by retesting the Neckline and is Supported, the pattern could deliver a good buying opportunity around the 188.5 area to take up to the February Resistance Level and potentially further!
Fundamentally,
GBP has GDP on Thursday
**Beware of False Break creating a Bearish Trap. Watch for adequate Bullish Volume to Follow the Break and the Retest suggesting Bulls are interested!
Bearish Pattern on BTC with short to pivot point.If price action breaks below 97'1K we should start to see the decline back down to the pivot at 96'2K
NEM H&SThis looks like an inverted Head and Shoulders doesn't it?
I wouldn't be surprised if this right shoulder had a double-bottom.
US Big Tech (FAANG) Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
US Big Tech (FAANG) Quote
- Double Formation
* (Open Trade)) | Completed Survey | Inverted Pattern Confirmation
* ABC Flat | Continuation Area | Subdivision 1
- Triple Formation
* Numbered Retracement | Uptrend Bias & Entry Settings | Subdivision 2
* Trendline 1, 2 & 3 | Support & Resistance | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
GBPNZD: Explanation of the Bearish PatternGBPNZD recently reached a key resistance level and formed a head and shoulders pattern.
Last week, the price broke below the neckline and is now retesting it, showing a strong bearish response.
Selling pressure seems to be building, suggesting a potential downward move soon.
The target for this decline is around 2.1803.
LINK's bearish movement!BINANCE:LINKUSDT
LINK is crafting a Head and shoulder pattern which is of course a bearish pattern!
The right shoulder is yet to come but when it happens, and the support line is lost, we shall see the price decrease massively!
expected targets:
14.07
12.82
Last target and also a hard support:
10.11
Note that the price will NOT decrease unless the support line is lost!
For now It shall ascend once again!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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EURUSD Intraday trade idea 10/02/2025EURUSD’s head and shoulders pattern is playing out as expected. I’m looking for continued sells if we retest 1.03500 and fail to break or if we get a clean break below 1.02700. The intraday target remains 1.01800 before reassessing the overall structure. Keeping an eye on price action for confirmations.
Silver | iHnS Pattern $36Buyers aren't doing too bad as we approach the mean but it looks like it's time for sellers to show what they got for a nice pullback
With a similar inverted head and shoulders pattern to what we saw in August of last year I would expect a SMA/liquidity pullback to the $30.50 break, and then a continuation towards trendline resistance for a target of $36.
GBPNZD: Bearish Pattern ExplainedGBPNZD recently hit a significant level of resistance and then formed a head and shoulders pattern.
The neckline of this pattern was broken last week and the price is now retesting it and we're seeing a positive bearish reaction.
It appears that selling pressure is accumulating, indicating a potential bearish move in the near future.
The target for this move is around 2.1803.
