Headshoulders
EBS - Head and Shoulders Pattern, Weekly1/1 line is a major Trend line
Using the Fib circles the H&S pattern becomes more evident with the LS being rejected at the 1 level
The H being formed at 1.618
and the RS being formed in the aftermath of the H formation
I expect more downsides on this weekly timeframe until the strong support level is reached, which coincides also with the 1/2 Gann level
NZDUSD 1HR INVERTED HEAD AND SHOULDERSHello, I am seeing a possible continuation of the current short term upward movement of the NZDUSD, as you see we have a broken channel and a possible inverted head and shoulders whose neckline has recently been broken. So am currently in a short term uptrend prediction.
Head and Shoulders pattern on BTCUSDT BitcoinBased on technical factors there is a long position in :
📊 BTCUSDT Boitcoin
🔵 Long Now 29500.00
🧯 Stop loss 24700.00
🏹 Target 1 32000.00
🏹 Target 2 34400.00
🏹 Target 3 37000.00
💸Capital : 1%
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Head and Shoulders pattern on EURJPYBased on technical factors (Head and Shoulders) there is a long position in :
📊 EURJPY
🔴 Short Now 133.500 or Retest Neckline
🧯 Stop loss 138.650
🏹 Target 1 130.140
🏹 Target 2 124.600
💸Capital : 1%
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Please support our activity with your likes👍 and comments📝
GBPJPY: The Head & Shoulders TrapDon't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it.
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
Bitcoin - HAS patternBITSTAMP:BTCUSD
The head and shoulders pattern on BTCUSD.
I see a huge HAS pattern on the weekly chart.
Please correct me if I’m wrong. This is all just an assumption.
- Volume is very low on the tops, and is expanding when the trend is moving downwards.
- We might see a break of the neckline in the near future.
- When you measure from the top of the middle peak till the neckline, and you move that measurement downward you can see that there is a huge profit potential.
- Last couple of weeks volume expanded and it maybe will multiple, once the neckline is broken.
What to expect after a break of the neckline?
- Once broken than after a couple of weeks we can expect a rally back to the prior neckline, which will now act as resistance (mostly, prior resistance becomes support once broken, and vice versa)
Or?
- Or we can bounce at the neckline, and the neckline will serve as support, and the trend turns bullish again.
Please let me know in the comments, where you think Bitcoin is headed.
GBPJPY More Decline SHORT Welcome back! Here's an analysis of this pair!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NEARUSDT created a head and shoulders.The price created a head and shoulders on 4h and had a breakout from its neckline.
We could see a pullback on the daily resistance on 14.1$.
Big news on NEAR with USN and Liquidity mining, so we could see a false breakout from this area.
How to approach?
We will wait for a clear pullback until the neckline, if the price is going to have a rejection from that area we could wait for a new short position, otherwise, if the price is going to have a breakout from the 16$, we could see a new bullish impulse until the previous ATH
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
EURGBP Head and Shoulders?Some important news EEST time 15:30 regarding the USD so EUR and GBP are not affected.
The battle between EUR and GBP has been going for some days now.
It looks like a Heads and Shoulders pattern has formed but the price must break the psychological support 0.83800 to be sure of a dip.