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Head and Shoulders

EUR/JPY: Bullish trendline breakOn the daily chart, there is a clear break of a downtrend line with a confirmed weekly close above it - unlike during the liquidity grab where the price broke higher but then closed the week under the trendline. This broken trendline and Friday’s low at 161 is now support. Should the price be able to break above the August peak, a next possible upside target is 167.5 (the 61.8% Fibonacci retracement of July-August drop. But that’s just what we think, do you agree or disagree? Send us a message and let us know Happy Trading! Jasper, WeTrade Market Analyst and Founder of Trading Writers.
Long
by jasperlawler
1
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times. Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support. Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term. With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break. Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience. In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
OANDA:XAGUSDLong
by Mihai_Iacob
18
TONUSDT: High Probability SetupsYello Paradisers! 🚨 If TONUSDT corrects lower, we could see a potential bounce from the identified demand zones. But for this to happen, we need confirmation. 💎TONUSDT needs to display a Change of Character (I-CHoCH) on the lower time frames, which would shift the structure to a bullish outlook and strengthen the likelihood of a bounce from this zone. 💎If the price falls below the initial zone, it could drop to our stronger demand area below. Don’t forget that there’s a supportive trendline in this region, which could act as an inducement for price. To validate this setup, look out for bullish patterns like a W pattern, Inverse Head and Shoulders, or signs of bullish divergence—these will make it a higher probability move to the upside. 💎However, if we see a strong candle close below these levels, it would invalidate this setup, and we would need to reassess the scenario. Remember, TON is fundamentally solid, so the focus should be on high-probability long setups. Patience and precision are key here, Paradisers! Stay strategic and wait for the best opportunities—consistency is what sets the pros apart from the rest. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
Is AVAXUSDT About to Crash? Here's What You Need to Know!Yello, Paradisers! Are you keeping a close eye on AVAXUSDT? We’re seeing bearish signals that could indicate a major move down! 📉 💎Currently, AVAXUSDT is forming a classic Head and Shoulders pattern from a key resistance zone—a strong indication of a potential bearish reversal. 🧐 On top of that, we’ve spotted a Change of Character (CHoCH) confirming a bearish market structure, further tilting the probability to the downside. 💎But that’s not all. If AVAXUSDT pulls back and we see an Internal CHoCH (I-CHoCH) on the lower time frames, it will strengthen the bearish sentiment and signal an entry opportunity. In this scenario, the right shoulder could develop on the higher time frame. 💎Don’t forget, there’s a supportive trendline nearby that could cause some price reactions. Manage your positions carefully and don’t get caught in a false breakdown. 💎However, if the price shows strength, breaks above the resistance zone, and closes a candle above, it will invalidate our bearish outlook. In this case, it’s a clear no-trade zone until we see a decisive break in either direction. 🎖With the markets always throwing surprises, remember: Stay patient and wait for the highest probability setups. Discipline is key to consistent profitability. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
Put Your Speculators On!This head and shoulders pattern could be just pure speculation at this point. In fact, let me reword that.. this IS speculation based on the fact that I missed the lows and psychologically, I'm really hoping this comes back to shore so I can get back on the boat with everyone else. I do however do my technical analysis in advance and set alerts at levels like you should do and if it plays out then great if not there's always the opposite idea too. We move onto the next one. For now though what I'm looking at is BITGET:ADAUSDT.P has closed the daily candle back inside the value area high ( VAH ) of the range they just left. I am now in a waiting game to see what happens with the second candle close but we just had a 7.5% drop from that value area high (white dots) and the weekly level. The purple line is the previous Monthly VWAP (volume weighted average price) which when you go down to a lower timeframe it's actually touched (Just doesn't look like that here). The yellow line is the previous Weekly VWAP which we had confluence with at the weekly level and the value area high and also back tested a couple of hours ago. The blue bars are to show the 21% from the top of the head down to the neck of the head and shoulders pattern and then a repeated 21% from the neck to complete the pattern right into a point of control ( POC ) from a very high timeframe, I'm talking years. If we start to lose some levels here like $0.35ish and back test it, I'll probably just wait to lose the POC and then see if we get the drop down into that area of confluence below at around $0.26. I'm far too broke to be gambling so I'd rather wait and reward myself with a little bit of patience, who knows, it could just happen quickly but “Uptober” isn’t starting off that well so far. I won't be looking for any long trades unless we can reclaim that weekly level and value area high. Targets would be the weekly level above with confluence from the high timeframe value area high and anchored VWAP from the all-time high (Green line). This is not financial advice. This is just an idea and some slight education to put out there for anybody that's feeling a little bit lost about what they're seeing on the charts.
Long
by turnandshoot