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Invertedheadandshoulders

EURUSD Potential Short + LongLooking at the image, it can be found that EURUSD is at a tested level of resistance (Trendline) and Fibonacci level of 50%. A potential short play currently but to take note of a potential inverted Head & Shoulder potentially forming which indicates a bullish play. All this will be in reference with the US Basket chart whereby it is currently at a tested support level. If it breaks the support level, a long play will be ideal as this will cause the EURUSD to break the trendline.
by warrenwonder
Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines. Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom. On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
NASDAQ:CRSPLong
by ScotianBot
ELFBTC nice weekly breakout and retest 🦐ELFBTC had a nice weekly breakout and retest the previous resistance. The price created an inverse head and shoulder and the price is testing its neckline. In this case we share our VIP SIGNAL LONG TERM ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
2
EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
BTC forming an Inverted Head and Shoulder or Broadening wedgeBullish: I'm seeing a potential Inverted Head and Shoulders pattern with a target between 12400-12550 (depends on where it breaks if it breaks) Bearish: There is also a descending broadening wedge which could playout with a target between 11300-11500 (depends on where it breaks if it breaks) You should definitely wait for a breakout before taking these trades! Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
BYBIT:BTCUSD.P
by BitcoinTradingClub
1
USDCAD, 4hr timeframe, inverted shoulders head patternHello my friend, Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry. Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon. Buy USDCAD 1.3420-30 Stop loss 1.3360 Take profit 1 @1.3480 Take profit 2 @1.3540 Good Luck Disclaimer: I am opening buy position since 1.3420
Long
by HayatoDragonFX
What’s Next For XRP?? Price is now at a key level, I’ve noticed every time price reached this level it broke through and kept going. Price could also fake out and go down ; this is just an idea, but if price breaks through this line be looking for a long order. Also as you guys can see I marked up what appears to be an inverted head and shoulder which also gives me the notion that price is going to keep rising. I’ll be keeping you guys updated on what I do next with this pair, what are your thoughts? Leave them in the comment!
BITSTAMP:XRPUSDLong
by lobfxempire
4
IOTAUSDT nice weekly breakout 🦐IOTAUSDT nice weekly breakout (left chart) and now the price is creating an inverted head and shoulder on 4h timeframe (right chart). IF the price will break the dynamic trendline on 4h chart, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
Head & Shoulders nearing completion? - Target 10,400, then 14KBelow is a link to my previous analysis identifying the head and shoulders pattern with the neckline at 10,400. It looks like we may have the shortened low of the right shoulder behind us. A lot of pressure from the bulls to get back to the neckline at 10,400. There are several stops ahead before we get there with 9800 and 10000 being the 2 big ones. But it's a positive note for the bulls, that the large red trendline that started from the ATH in December 2017 has held as support, limiting the drop of the right shoulder. I expect to see upward trend over the next few days as we get to the neckline, and then we will see who wins that battle!
COINBASE:BTCUSD
by bluemt95