Short USDCADUSDCAD is currently in a weekly POI and there has been a strong rally to the top. I will be expecting a retracement. The weekly POI is a good zone to retrace
Confirmation, break and retest on 1hr structure
Head and Shoulders
AUDUSD: Potential Head & Shoulders Pattern Forming? AUDUSD might be setting up for a head and shoulders pattern. Looking at the price action, the structure suggests the possibility of this pattern forming, but we still need the chart to complete the right shoulder for confirmation.
If the pattern plays out and the neckline is broken, we could see a bearish move ahead. Until then, patience is key—let's wait for the right setup to develop.
What’s your view on this? Do you think the pattern will complete, or do you see a different setup? Let’s discuss in the comments!
GBPJPY bearish for 150 pipsIn a bearish trade setup on GBP/JPY with a 150-pip profit target and a 50-pip stop loss, you’re aiming for a reward-to-risk ratio of 3:1. This means that for every 50 pips you risk, you’re potentially gaining 150 pips, which is a favorable setup.
Here’s a detailed breakdown of this trade idea:
1. Setting the Profit Target (150 Pips)
A 150-pip profit target is quite common in GBP/JPY due to its volatility. This target should be set near a significant support level or other technical factors such as:
A previous major swing low.
A Fibonacci extension level (like the 127.2% or 161.8%).
A psychological level or round number (e.g., 180.00, 179.50).
GBP/JPY often moves in wide ranges, so a 150-pip move in a single trading day or session is realistic, especially if the market is trending strongly.
2. Defining the Stop Loss (50 Pips)
A 50-pip stop loss should ideally be placed above a significant resistance level:
A recent swing high.
Above a key moving average (such as the 50 or 100 MA on the 1H or 4H chart).
Above a Fibonacci retracement level (such as the 38.2% or 50% retracement of the latest downtrend).
You want to make sure the stop isn’t too tight, giving the trade some room to breathe, but also protecting you in case of a reversal.
LRCX Inverse H&S Forming! Huge move upward inbound! NASDAQ:LRCX Inverse H&S Forming! Huge move upward inbound!
A break of the neckline would reward a 25% upside to the volume gap!
Head and Shoulder formation HegNSE:HEG is forming head and shoulder on daily timeframe.
Possible target will be 3150.
Bearish_H&S pattern in Nifty_Tar 23800Nifty forms head and shoulder pattern and now in neck location. If the neck broken with strong Big Red candle, then it confirms. Target 23800
Disclaimer: Above idea is only for study purpose and totally my own view. It's not a Call for buy/sell. I am not a registered call provider.
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern.
The downtrend appears to have stopped near a support zone.
When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports.
After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock.
Bullish Scenario
The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area.
Bearish Scenario
If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area.
Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
CBRL - almost turning bullishCBRL bouncing over 50 DMA and showing relative strength in today’s market sell off.
Long any where now or wait for pullback around 40’s.
This has to break the 47.50 level to move up.
Target 1 - 50
Target 2 - 60
Stop loss - 36
GOLD (XAUUSD): Very Bearish Setup ExplainedGold formed a head and shoulders pattern on the hourly chart, featuring a descending triangle as the right shoulder.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
XAUUSD(GOLD) SALEENTRY 2645.64
STOP LOSS 2670.02
TP 2616.80 & 2606.21
The daily trend is bearish. The market has already made new low and is now reaching the second resistance, from where we can expect a sell trade.
On the 1-hour chart, a head and shoulders pattern has formed, and its neckline has already broken to the downside. I've taken a trade on the retest
GOLD (XAUUSD): Very Bearish Setup ExplainedGold displayed a head and shoulders pattern on the hourly chart, with the formation of a descending triangle pattern as the right shoulder.
Both patterns shared the same neckline, which was broken during the Asian session when an hourly candle closed below it.
This indicates a potential drop in price, with targets set at 2636 and 2624.
ORDIUSDT: Major Breakout or Breakdown Imminent – Are You Ready?Yello, Paradisers! Have you been watching ORDIUSDT closely? Well, it's showing signs that could lead to a big move! Let's break it down.
💎ORDIUSDT is currently testing a key descending channel and has flashed a Change of Character (CHoCH) towards a bullish market structure. Not only that, but the chart has formed an Inverse Head and Shoulders pattern, which further boosts the chances of a bullish breakout.
💎If ORDIUSDT manages to break above the resistance zone and close a candle above it, this will confirm the Inverse Head and Shoulders pattern, significantly increasing the likelihood of a bullish reversal.
💎On the other hand, if there's a pullback, we could see a bounce from the support zone. However, to confirm this bounce and give ourselves the edge, we’ll need an Internal Change of Character (I-CHoCH) on the lower timeframes.
💎But be cautious. If the price breaks down and closes a candle below the support zone, it would invalidate our entire bullish setup. In that case, it’s wiser to step back and wait for a better opportunity to present itself.
🎖Patience is key here, Paradisers. Remember, only the disciplined and strategic traders make it far. Stick to the plan, and don’t let emotions drive your trades. Stay focused!
MyCryptoParadise
iFeel the success🌴
XAUUSD SELL 1 HOUR TIME FRAMEHead and Shoulder Pattern
Multiple wick rejections as well
Strong supply zone
Price has to fill the gap below
Expecting a 4:1 reward, Let's see!
Inverted Head and Shoulders - Federal BankAn Inverted Head and Shoulders observed in NSE:FEDERALBNK
Entry: 200 and Above
SL 1: RS Nifty 21 turning Negative
SL 2: Super trend 10,3 turn negative
Target: 10 to 15 percentage
APTUSDT: Inverse Head and Shoulders Pattern FormationAPTUSDT technical analysis update
APT has formed an inverse head and shoulders pattern on the daily chart. The price has broken the neckline and is now retesting it as support. Additionally, the price is trading above the 100 and 200 EMAs on the daily chart. A strong bullish move is expected in the coming days.
Regards
Hexa
NZDUSD: Intraday Bearish Confirmation?! 🇳🇿🇺🇸
Last week, I already made a prediction that NZDUSD will keep falling.
Analysing the intraday price action, I spotted a strong bearish confirmation today.
Retesting a recently broken structure, the price formed a head and shoulders pattern.
Its neckline was violated, confirming a local dominance of the sellers.
We can anticipate a down movement at least to 0.6057
❤️Please, support my work with like, thank you!❤️
BTC BUY PROJECTIONBuy at CMP First TP at $68100 & second TP at $83500
Break above $71500 for more possible position
BTC Daily Time Frame H&S Price Target ~54,500I see a head and shoulders pattern has formed on the daily and 12 hour time frames with a down side target around 54,500 USD. This is a short term Bearish outlook that I believe could play out over the next 24-48 hours or less. There are potential moves to the upside, but I’m leaning toward this playing out. There are many longs that could be taken out, while the shorts flip providing major upside moves. Not financial advice. DYOR.
Head and Shoulder Look But....NASDAQ:ARM busting through this $152 area will negate that head and shoulders top look.
Wedging up on that right shoulder so not a breakout I would be interested to buy here. Just watching to see how this resolves and for #feedback
Long term Buy on UBER cmp $86.34Uber has given a clear breakout on the monthly charts above $82.14. Considering this move i have a target of $140 in coming months.
CMP : $82.14
Expected: $140-155
DC. Reversed Head and Shoulders.The potential formation of the "Inverted Head and Shoulders" pattern indicates a local trend change is coming. Considering all my previous ideas and considering what the chart says - a change in the global trend is coming. Structures are being built, structures in the plural, which together can create a bullish trend. And in my subjective view, the trend can be impressive.
XYOusdt Trading opportunityXYOUSDT has achieved a magnificent breakout from its downtrend, showcasing a potential inverse head and shoulder formation. The price is currently forming the right shoulder of this pattern, with a broad accumulation zone that can accommodate most of the right shoulder formation. Targets are clearly delineated on the chart, ranging from immediate to final levels. For this setup, I recommend a 25% stop loss and suggest trading on spot to allow for proper room for dollar-cost averaging (DCA) if feasible.
