Headandshouldersformation
USDJPY on a h&s pattern 🦐USDJPY on the 4h timeframe is trading at the recent highs over a static support area.
The price after a long bull run might look for some bearish retracement and is currently creating a potential head and shoulder pattern..
How can we approach this scenario?
We will wait for a break of the neckline and in that case we will search for a possible short order entry according to the Plancton's academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPAUD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
GBPAUD is sitting around a strong resistance zone in green so we will be looking for sell setups on lower timeframes.
H1: Left Chart
GBPAUD is forming a head and shoulders pattern but it is still an idea.
Trigger => Waiting for the right shoulder to form and then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, GBPAUD can still trade higher inside the resistance or even break it upward. In this case, our next resistance would be the blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD: Liquidity Sweeps 👁🗨Price action has trapped both buyers and sellers in this range.
First, we have head and shoulders sellers being lured and stopped out and now we have smart money order block traders being taken out.
Since the market has taken both buyer and seller liquidity, institutions may have enough fuel for the next impulsive move.
My bias is bullish into the equal highs but no entries will be taken until we get our entry criteria.
Axie Infinity (AXS); We're going down, a short opportunityHello Traders! CTDave here again with another daily price analysis chart.
Today I will be analyzing Axie Infinity (AXS).
If we look at the 2-hour chart, we will see a head-and-shoulders pattern forming. The head and shoulders give us an opportunity to go short. I am planning on entering a short if the close is below the confirmation point. The SL is just above the right shoulder. If this trade turns out, it will be very profitable. Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
EUR/JPY - potential head and shoulders Hello traders. This is EUR/JPY, 1hr tf. As you can see we have a potential head and shoulders pattern. We still don’t have the right shoulder, and we may not get it, but in case we do, we need to be prepared because all of this can give a very strong signal to the bulls. If you look at the daily chart, you can see the bullish engulfing pattern and this can be used as a daily confirmation of the trade. Keep in mind that this pair is bullish at all higher time frames, so the recent bearish mood (three red candles) can only be considered as a retracement, which is totally normal for markets. Of course, anything can happen, so trade safe.
EURGBP: Head & Shoulders Trap 🚨Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
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If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
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When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
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If you locate the correct demand, you can buy into seller stop losses and profit both ways.
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This is a great example of manipulation 👁
I will be joining buyers at the next demand.
BTCUSDT Head and Shoulders weekly ChartI can't say much about it since I'm neither a professional nor otherwise know much about the analysis of charts - I make my graphics rather intuitively.
The head and shoulders course of my chart seems to me to be quite appropriate for these times and I post just for my own practice purposes.
If you want to write something about it, you are very welcome to do so ;) Happy trading
BEARS vs BULLS Before, I brought up the head and shoulder on the RSI for the 1D candles. Today it’s at 65.05 on the RSI. With super bullish being considered 65+ and the head of the rsi is at 85. There’s still room for it to run before the head and shoulder is out of the picture. There is a lot of hype about the short interest that still could drive in more buyers. With more upside is still in the picture, if the head and shoulder pattern is and option on the RSI, it could head down to 20-30.
EURJPY - Swing Sells ⬇️Price aggressively pushed away from the key round psychological number of 140 and created a head and shoulders formation.
The majority of traders who missed the breakout will have attempted a sell at the EQH's - they have now been liquidated.
The only liquidity that remains is the sellers with stops above the right shoulder.
I am observing price action around this area, depending on the daily close I may initiate a swing sell.
Hopefully, you enjoyed this analysis, give it a thumbs up 🧠
NFLX:If it looks like a bottom. . . ?!!Netflix
Short Term - We look to Buy a break of 210.00 (stop at 158.96)
The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22.
Our profit targets will be 329.00 and 400.00
Resistance: 240.00 / 330.00 / 400.00
Support: 160.00 / 125.00 / 81.00
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Nobody saw that comingIn the coming months, I expect the following catalysts
1. Oil coming down, already there are discussions about removing Russia from OPEC
2. 10 Yr coming down, currently forming an H&S
3. FED adopt a more conservative strategy for interest rates going into 2023
4. Massive short squeeze on tech, High short interest rate there!
5. Rotation from oil to tech
45% are comparing this to .com and the other 45% to 08. Guess what the market likes to do...
This is not investment advice, do your own research!!!
Look First / Then Leap
USDCHF a short opportunity 🦐USDCHF on the 4h chart is trading at the recent highs.
The price is in a bull trend and creates a possible short opportunity below a monthly resistance.
After the head and shoulders neckline break the price in fact is approaching a minor support area.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area .
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.