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Headandshouldersformation

USDCAD Sell IdeaHey guys! its your girl forex potatoe. Here we are again with our trade idea for today. USDCAD is currently in a downtrend in 4H Timeframe, 1H and we can see the momentum is shifting from bullish to bearish in the 30 Mins and 15 mins Timeframe in the direction of 4H TF. At the resistance, trendline as been broken and a head and shoulder formed now on the 1H signaling a weakness. My 50 EMA is also broken in the 15Min TF hence a signal to go short. A bearish engulfing close on the 4H has been formed multiple times so entries can be around this area or you can be more conservative and wait for more confirmations. Price is currently in a fibonacci discounted price so enough confluences to take a short If you like this sorta content, Kindly follow me, hit the boost button and let me know your thoughts on this Pair for the week.
Short
by ForexPotatoe
Short views on goldThe left-hand chart suggests that, having failed to establish support at its previous low of 2022, the near-month gold futures contract has further to decline. On this basis we would be more ready to add to an existing short position than to start a new one. The right-hand chart highlights the recent moving-average crossover as a sell signal. We might hold out for a better sell point. Confirmation can be found in the neckline of the slanted head-and-shoulders pattern having been broken. The slant's upward tilt does not suggest as large a decline as if it were level or tilting downward.
COMEX_MINI:MGC1!Short
by SwingWaiter
🔥 PEPE Inverse Head & Shoulders: Last Dip Before Moon?PEPE has beentrading relatively bearish since it topped early in December. With BTC moving down, it's getting more likely that PEPE will see some kind of sell-off in the near future. I'm looking at this inverse head & shoulders to play out over the next weeks. Ideally, we get some kind of bounce going around the 85 area. Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
Long
by FieryTrading
TIAUSDT: Watch for Bearish Reversal Signals📊 Overview: TIAUSDT, following a brief consolidation post-bullish trend, shows potential for a bearish reversal. Bearish divergence on 1-hour and 4-hour timeframes, along with a forming head & shoulders pattern on the 1-hour chart, raises caution of a downward move. 📈 Technical Analysis: Bearish signals include divergence on multiple timeframes and a developing head & shoulders pattern, suggesting a potential shift in trend. 📉 Trade Strategy: Traders should await confirmation signals, considering short positions on a break below the head & shoulders pattern neckline or further bearish divergence. 🛑 Risk Management: Mitigate risks with strategic stop-loss orders to safeguard against unexpected price movements. 📉 Conclusion: TIAUSDT's recent signals hint at a potential bearish reversal. Traders should closely monitor for confirmation, considering short positions based on confirmed signals.
Short
by miansarimhameed
RUNE ANALYSIS🔴 #RUNE Analysis : ❓️❓️ 🔮There is a formation of Head and Shoulder Pattern in #RUNE. If the candle closes below the neckline then there will be a confirmation of breakdown which shows the continuation of downfall trend. We may see a fall in #RUNE📉📉 🔰 Current Price: $5.079 🎯 Target Price:    $3.825 ⚡️What to do ? 👀Keep an eye on #RUNE price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #RUNE  #Cryptocurrency #TechnicalAnalysis  #DYOR
Short
by ZEUS_Market_Alerts
1
🔥 PEPE Inverse Head & Shoulders: Bulls Be Ready!PEPE has been consolidating all week. The most likely outcome is that PEPE will simply continue to go up over the next few weeks, but I want to prepare in case it doesn't. In case that PEPE has topped (and BTC will go down), I'm looking at an inverse head & shoulders pattern to potentially play out over the next few months. My risky entry will be around the 82 level (June lows) with a target at 440. Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
Long
by FieryTrading
🔥 Bitcoin Inverse Head & Shoulders Pattern: Bulls Taking Power In yesterday's analysis I argued that Bitcoin's bull-trend is far from over. The short-term trend is still in favor of the bulls, but only as long as the bottom support held. As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out. In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
Long
by FieryTrading
3
#OIL potential reverse Head and Shoulder formationHello dear traders. Let's take a look at the oil chart for today and identify the potential Reverse Head and Shoulders chart pattern formation. As the price reacts to the bearish 4-hour timeframe channel , it seems to be forming a Reverse H&S pattern, which could potentially result in a bullish outcome for the price in the coming days. We observe good synchronicity between the two shoulders around the head, with approximately the same amount of time taken to form the pattern. Additionally, the price has established a well-defined neckline, which, in the case of an upside breakout, can act as support thereafter. As you may know, the H&S chart pattern is considered complete once there is a valid penetration of the neckline ; until then, the pattern is considered tentative. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
13
Revisiting my "Could it be this easy?" post from 08/25/23***DISCLAIMER*** Please view previous idea posted on 08/25/23 for comparison to what I'm referencing. Well...hindsight is always 20/20 isn't it? I was partially right on AMEX:SPY forming a head and shoulders pattern but with the tech sector being strong and people optimistic on fed pausing/cutting rates bulls have been buying every dip the last two weeks giving us weird trading conditions. Honestly, I didn't expect such a strong push back up over the last month. Personally, AMEX:SPY needs to cross 462 for me to be more confident we'll approach all-time highs. Relatively speaking the market is pretty top heavy and over extended, it's only natural that a solid pullback occurs sooner than later. What must go up must come down and will go up again.
AMEX:SPY
by EBMVI610