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Head and Shoulders

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
Short
by 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!
Long
by impossiblebull
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!
Long
by Novi_Fibonacci
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
FX:FAANGLong
by TradePolitics
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. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Short
by CRYPTONIC_trend
AUDUSD MIGHT POSSIPLY FORM A HEAHD AND SHOULDER AT THE SUPPORT LThe Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis suggests that the AUD/USD pair may retest the 0.6087 low, with a break below this level potentially leading to further declines ! On the other hand, a firm break above the 0.6329 resistance could trigger a stronger rebound. The Reserve Bank of Australia's (RBA) interest rate decisions and the US Federal Reserve's monetary policy will likely influence the AUD/USD direction in the coming weeks. we might see inverse head and shoulder on the support level.
by KRIZZ_FOREX
3
AUDUSD MIGHT POSSIPLY FORM A HEAHD AND SHOULDER AT THE SUPPORT LThe Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis suggests that the AUD/USD pair may retest the 0.6087 low, with a break below this level potentially leading to further declines ! On the other hand, a firm break above the 0.6329 resistance could trigger a stronger rebound. The Reserve Bank of Australia's (RBA) interest rate decisions and the US Federal Reserve's monetary policy will likely influence the AUD/USD direction in the coming weeks. we might see inverse head and shoulder on the support level.
by KRIZZ_FOREX
SMCI - Super Micro Computer, Inc.Super Micro Computer, Inc. engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products. The company was founded by Charles Liang, Yih-Shyan Liaw, Sara Liu, and Chiu-Chu Liu Liang in September 1993 and is headquartered in San Jose, CA.
NASDAQ:SMCILong
by Esmail_from_Kuwait
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi