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Head and Shoulders

EURUSD Analysis==> H&S patternEURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098) . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing five impulsive waves , and we should wait for EURUSD to decline . From the point of view of Classical Technical Analysis , it seems that Head and Shoulders Pattern is likely to form. I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
Bearish Signals on AluminiumAluminium versus the USD (ticker: XAL/USD) has traded southbound since reaching a high of $2,800, limited between a descending channel (extended from $2,800 and $2,475). Adding to the bearish vibe, price action manoeuvred below trendline support, taken from the low of $2,110, and retested the underside of the ascending line to form resistance. What also might interest technical analysts is the head and shoulders top pattern (head at $2,800), which was completed in mid-July (neckline breached). Price has yet to reach the pattern’s profit objective at $2,131, therefore, further underperformance could be seen for the base metal this month. In addition to this, you may acknowledge the potential for a bearish pennant pattern to form (drawn from the high of $2,321 and $2,206).
FPMARKETS:XALUSDShort
by FPMarkets
Selling EURUSD!!Hello traders this is one of the best setup for the week! On this trade we have a few technical indication that tell us we might be selling. We first have a head and shoulders which indicates that it might see a reversal very soon. Another thing we have is this nice FVG which I think price will retest. This FVG will play an important role in setting our TP. We also have have the 50 SMA with default settings looking pretty nice. If we breakout of the neckline we will be trading under the 50 SMA. We also have a trendline which is not very valid but on this context is works This could be for our TP but I will aim for the blue one which is based on our 4H FVG Please note that this trade only after the breakout :)
Short
by Linkhive001
USD/CAD could be about to drop hardKeep a close eye on USD/CAD over the next 24 hours. The price appears to be forming a head-and-shoulders pattern, with the price action from early August representing the left shoulder, the high from August 6 forming the right shoulder, and the 1.3887 level, which capped the price from August 1 to August 5, serving as the head. The pattern suggests that if the price breaches the low of 1.3787 seen on July 31, we could see a drop to 1.3752, with potential further declines to 1.3706, and possibly down to the pattern's target at 1.3692. If the price breaks below 1.3787, the head-and-shoulders pattern is likely to remain active as long as the price stays below 1.3805. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
by ThinkMarkets