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Invertedheadandshoulders

USDJPY trade idea on H2Plan : wait for prices to bounce off horizontal support --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
Time to Buy Bitcoin - BTCUSDHi friends, I will keep this write-up short as the chart is self-explanatory. Please carefully read the notes on all 4 time frame charts. We have bullish reversal signals on multiple time frames for a long swing trade and potentially more to come in 2020. I have been accumulating Bitcoin at every dip with anticipation that the low of 6,450 has been set for the mid-term. That plan has remained the same since I have posted this idea on Nov 22, 2019: Stops should be wide and placed below 6,200.
BITSTAMP:BTCUSDLong
by tommyf1001
2
Rev H&S on BtcUsd?Inverted Head & Shoulders Actually, yesterday's Bullish Engulfing was the second around the $7,000. Before Christmas, the Bitcoin price did also a pretty powerful climb upwards which end up with an Engulfing candlestick pattern on the Daily, it was a Head!? Yes head, we are pretty close to getting a confirmed Inverted H&S breakout. IHS is a bullish chart pattern which is confirmed after the breakout from the neckline. The current neckline is pulled from bodies on the 4H timeframe and if the 4H candle gets a close above $7,500 then this bullish chart pattern is valid and the further growth is supported with several bullish patterns. Before the breakout from the IHS , I cannot do anything because of the neckline which is also a pretty strong short-, mid-term trendline and it has worked as a strong resistance. I'll wait for a 4H candle close above $7,500, hopefully, we get a nice and healthy throwback to get better entries to the train to $8,000. To be said, I don't hunt this run to the $8,000 because I don't like breakout as much as reversal ones but hopefully, I see something comfortable which allows me to jump to the wave. There are some cons also for further growth. The current action is happening just below the 4H EMA200, it works as a resistance. So, we might see a little throwback, it may not be little because the overall long-term trend and pressure are still downwards. We have a Death Cross between 100&200 EMA on the Daily timeframe , as you see the downward pressure is still there but the price should get a little bit more breath time after it breaks above the IHS neckline! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, TP
BITFINEX:BTCUSDLong
by TraderProfessionista
Bitcoin: Bullish Engulfing Candle Establishes New Long Setup.1. We focus on price action, levels and probabilities. News, drama, and other non order flow related information carries little weight in our decision making process. I have been explaining that the probability of this overall location favors bullish reversals which is why we did not exit our swing trade long in the face of bearish order flow (see 7275 to 5464 support zone). 2. I made this point in my previous article: "Can Bitcoin test lower prices? Anything can happen, BUT price would have to close below 6850 in order to prompt a retest of the 6550 reversal zone boundary. Any bullish reversal pattern in these areas would offer compelling swing trade and position trade opportunities based on the criteria of our strategies." Yesterday's bearish candle was NOISE and nothing more than a lure for short liquidity. 3. The bullish outside bar (engulfing candle) establishes a HIGHER LOW formation off of the 6900 level. This can be the very beginning of a broad Wave 3 IF 6450 is not compromised again. Higher lows often lead to higher highs. 4. Within the 7275 to 5464 support zone, there is now an inverted head and shoulders formation. This is a large magnitude reversal pattern that has developed within a location that favors BULLISH patterns. 5. In order to see momentum follow through, price needs to close above 8K. IF such an event unfolds, 8500 and the low 9Ks are likely to be tested with hours or days (with the help of all the small time frame short margin liquidations). We are maintaining our swing trade long and patiently WAITING for price to reach our proportional targets (mid 7Ks, mid 8Ks and low 9Ks). We focus on price action as it relates to levels and probabilities, nothing else. I hope you found this update helpful for your own analytical process. My goal is to provide market context, perspective and an idea on how we manage our trades in this environment.
BITSTAMP:BTCUSDLong
by MarcPMarkets
60
GBPJPY long trade update on H2Note : from the previous setup I have secured +130 pips and doing 50% partial close (link below), my position is now safe with SL breakeven. Congrats to fellow traders who follow and here are the next plan updates ;) Plan : wait for prices to bounce off horizontal / trendline support --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
9
EURGBP forecast update on H5Note : on the 13th of December I predict the inverted H&S pattern will form in the next few weeks (link below) and it really happens now, so what's next? Plan : wait for prices to bounce off trendline support --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
GBPJPY buy on H2Plan : 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
SQ: Bulls ready to push through gap??To start, there have been many bearish indicators over the last few days trying to match 5Y charts, but these support levels have held very strongly, and we have now initiated bounce back up. With an intraday and larger scale inverted head and shoulders pattern, we could see a pop coming soon! Matched with 1Y and smaller charts, SQ could be squeezed higher, and possibly push through gap back up to ~80 range. Anything below 62.5 will be easy short entry, but if it holds above, then still bullish going into holiday season. This stock is very bullishly manipulated—if you’re shorting, I’d advise on taking profits sooner, or when prices begins to consolidate. Bulls, are you ready to bounce this back up before 12/15 US/China Trade deadline? I’d recommend this, otherwise, you’ll be seeing some lows going into 2020, unlike many others looking to surge again like this year. The Ichimoku clouds want to push this back up fast, so jump in if you believe and want some nice gains. Again, below 62.5 should mean short, so be cautious about this price point; otherwise, enjoy your extra holiday spending money! All the best, OGD
NYSE:XYZLong
by ogdabber
1
EURAUD forecast on H5, potential inverted H&S patternNote : i see the possibility of descending broadening wedge and inverted H&S pattern formation, we'll see ;) **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
8
XRPBTC forecast on H3, possible inverted H&S formationNote : key resistance breakout --> wait for prices to bounce off key support (resistance become support) --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
MA Bullish Cross and RSI Easter EggsAfter exhausting looks at near term analysis I decided to look at the BIG picture, and I found what seems to be undeniable to me. Keep in mind that the MAs don't lie, and the higher the time frame, the longer the impact of the crossing. So, when the MA50 crosses the MA100 (probably tomorrow) we can expect at least a short term (a few months at least) bull market based on the 50/100 MA cross. You don't have to believe me, just look at it's history on the weekly BTC chart. As I wrote in my chart, the MA crossing happens to be at the same time the RSI Cup and Handle is supposed to impulse upward from the handle. Coincidence? I don't think so.
BITSTAMP:BTCUSDLong
by castroeke
CADJPY Buy on H5, deceleration looks real (update for buyer !!)Note : as I mentioned earlier that CADJPY has the potential to form inverted H&S patterns, and that seems to have happened now --> buy at market around 81.750 - 81.850 (you can set SL & TP based on RR ratio above 1:2) **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
#bitcoin #xbt - Pattern X or Dump ?Good morning traders, let´s zoom into the Daily for today and have a look at our actual odds & outs here and some possible moves. Fact 1: We have been in this downtrend-channel for an extended period of time, and a turn becomes more likely on every swing. Fact 2: We have a strong support keylevel (blue), if we fall through this, good night. ( OR -> FACT 4) Fact 3: As you know I don´t do forecasts, so I cannot tell you what exactly is going to happen. Fact 4: We have a couple of possibilities on hand for "Pattern X". This can easily turn out as: W-Bottom, Adam & Eve, inverted Head & Shoulders and some more. Fact 5: we don´t know IF and WHICH of these will play out. We need to see Bitcoin´s behaviour AT those levels (reactive trading). Trying to forecast this, can make you bleed. Fact 6: We also have two possible Necklines: 1. Horizontal and 2. the channel middle line, which would be a crucial first good try if broken. (We have talked about this in the last post) As usual I have marked in the chart for you what to watch out for + important levels. Have a nice week guys! Warm regards, Neru
BITMEX:BTCUSD.P
by Gl4diator
3