Get started

Inverse Head and Shoulders

GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD: Inverse H & S Pattern Near Completion! Price has rejected the strong psychological support located at 1.30000 level. The inverse head and shoulder pattern might be completed in the coming week on the daily chart, after which the price might likely target the next high located at 1.34100 region. However a move beyond 1.35000 looks unlikely at this moment, as the pair faces stern resistance at that level. A long trade can be executed shall this pattern be completed. the stop loss should ideally be placed below 1.30000 psychological support with the take profit target be placed at 1.34100. The entry should be done at 1.32000 level to achieve 1:1 risk to reward ratio. The inverse head and shoulder pattern is said to be completed when the daily candle closes above the neckline! Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into major currency pairs.
Long
by FX618Analysis
WKHS - bottom is inAfter hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday. Any near term pullback is likely to be supported at the neckline @ 3.90. And when this happens, it would provide a 2nd opportunity to long at low risk. Initial target is at 5.20 (inverted H&S target). I'll put initial stop loss several ticks below the neckline @ 3.90. We do not know how much it can recover (am certainly not expecting anywhere it's ATH of 42.96 lol). Trail stops up along the way and let's see how far it can go. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
NASDAQ:WKHSLong
by Juliac
EURCHF: Inverse H & S Complete! Price Likely To Climb Further.With the risk off markets that highly affected the EUR against the safehaven CHF a couple of weeks ago, the price plummeted near the parity! At the moment the price seems to be recovering slightly and likely looks to be headed over to the next psychological resistance found at 1.05000 area. The Swiss National Bank is likely handing a helping hand to the EUR here by intervening in the market. On the technical basis, the inverse head and shoulders formation was completed and the price is likely to test the neckline before heading higher. All the complete trade details can be found on the main chart. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on other major currency pairs.
Long
by FX618Analysis
Bitcoin - NOT LOOKING GOOD!Keep it plain, simple and minimize the noise! Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021. If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support. BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars... At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Bearish 2022? What do you think? Comment your ideas below : )
INDEX:BTCUSDShort
by tradermoth
4
NEARUSDT is creating an inverse head and shouldersThe price bounced on the monthly support on 8$ after a false breakout from the weekly dynamic support. On the daily timeframe, the price had a breakout from the dynamic resistance and from the weekly resistance, and now the price is testing the 0.618 Fibonacci level as resistance On 5h timeframe, the price is creating an inverse head and shoulders above the weekly resistance How to approach? If the price is going to have a breakout from its neckline and retest as new support, we can apply our rules for a new long position. Be aware of the weekly structure on 13$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_