Can we still get Gold moving up??An inverted head and shoulder formed and it's complete. Can we likely go up following that patten. At the moment price is consolidating at resistance.
Invertedheadandshoulders
XRPUSD appears to be triggering its inverted head & shoulders.No confirmation candle yet but clearly some bullish volume confirmation on our breakout candle. Target 43 cents. 40 cents is the current resistance but we should get through it relatively easy.
4hr chart inv h&s breakout target right at horizontal resistancetoday we brokeout of the 4hr inverted head and shoulders pattern on bitcoin and the target takes us precisely to the big horizontal resistance area of 8504 that we have as of yet failed to overcome the previous two tests of it. My guess is we will reach it on this breakout which will get us above he bigger 1 day chars ascending triangle pattern we are currently in, it will then be rejected for a 3rd time stoking fears in people that it is a triple top but on the way back down the top trendline of the 1 day chart's ascending triangle will have become solidified support which will eventually trigger the ascending triangle breakout which should take us to the 9.7k range. We could also be rejected back inside the ascending triangle for a little bit to really build up short positions to use as bull fuel before the final breakout of he triangle it would make a more convincing bear trap that way. Of course there is also always the possibility hat he correction could happen after a 3rd rejection/triple top at the 8504 resistance....its is the least probable of the 3 outcomes but always wise o consider every potential outcome. As I stated in the previous idea, we also have a possibility for the ascending triangle to be validated as a bullish pennant in which case the breakout target for the pennant would be 10776 and with fomo added in we could even test 11k at that point before the firs significant correction. However my presumption is the 9.6-9.9k range is he most probable before the first significant correction. All just my personal thoughts of course and in no way financial advice. thanks for reading!
ZRX - inverted head and shouldersZRX has been forming an inverted head and shoulder pattern for many months now. Currently the right shoulder is nearing completion with the neckline sitting at ~0.3876, a close above that should trigger a bullish move to 0.4499 as an initial target.
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GBPCHF-- possible breakout and retest long ideaWe are on a strong downtrend. If the reversal setup holds, consider a long after a breakout and a retest
Inverted Head and Shoulders as a continuation pattern ?Watch the moving average crossovers and the break of the neckline.. could get interesting
BTC - what do you see?KRAKEN:XBTUSD appears to be in the midst of forming a beautiful ascending triangle.
A closer look as we approach the apex....
An inverted head and shoulders can be spotted forming within the ascending triangle.
This all looks pretty bullish to me. What do you think?
AUDNZD Inverted H & S updateAUDNZD Inverted H & S update
On track as of todays response to election result
Needs break of 1.07 neckline and resistance
Target 1.1100
Stellar looks primed to make a run for 20 cents.As long as the 1 day chart's inverted head and shoulder pattern its currently in gets validated...this would also likely cause it to experience a golden cross.
potential inv head & shoulders could double ADA's current priceCardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before finally breaking upward but considering its had its golden cross sustained probability is inf avor of a validated breakout before too long. target 17-18 cents.
Possible Future Scenario for BitcoinWe’re approaching a weekly resistance (ichimoku red cloud) Bitcoin could drop significantly or move sideways for the next 6 month. I see us going back to around $5000 test it and make it an ultimate support and move up from there. I think we need a good drop for a good and solid bounce back.
I have also notcied what it looked like an Inverted Head and Shoulders in the making on the monthly BTC chart
If you agree with my analysis/prediction please like it. If you disagree please share your thoughts in the comment section. Thanks and good luck in your trading.
My previous Scenarios:
May 8th
May 7th
March 29th
EUR JPY POSSIBLE INVERTED HEAD AND SHOULDERS? LONG POSITION!Possibly ANOTHER head and shoulders but this time inverted for EUR JPY long position
Potential Inverted Head & Shoulders GBPJPYGBPJPY has potentially formed an inverted head and shoulders pattern.
Stop loss set below 142.00 targeting 125.60 for a take profit
Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
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DE30 INVERTED HnSINVERTED HEAD AND SHOULDERS, 1:3 RISK TO REWARD RATIO. RISK 2% FOR 6% GAIN. WAIT FOR BREAK AND RETEST OF GREEN ZONE AND NECKLINE BEFORE ENTERING.
GnP Fx
USDJPY Long-term long opportunityM1:
We have an ascending triangle (Bright green line)
W1:
We are in an uptrend
We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards
D1:
Uptrend (Again retracement at Fib 50%)
Inverted H&S which we broke through
Price has been consolidating for a while
BUT waiting for the bounce at the 111.711 price level
and for a confirmation candle to confirm my buy signal
TP1 112.913
TP2 114.143
AION/BTC Forming Inverted Head & ShouldersAION/BTC seems to be in the process of printing an inverted Head & Shoulders . A potential move up is confirmed by rising price strength (RSI) and increasing volume (OBV) , both diverging from actual price. ROI could easily be 100% from current support level. Buying a breakout of the neckline could yield a 40% return.
This information is not trading advice, but for educational purposes only.
USDJPY-Weekly Market Analysis-Apr19,Wk4Waiting for USDJPY retrace back into the buy zone for a long opportunity. Plan to exit at the tip of the inverted head and shoulders.
USDJPY short W1:
We are in an impulsive move after the retracement of an uptrend
D1:
We have an inverted H&S at a psychological level (112.00)
which is also a strong Sup/Rez zone
H4:
We can clearly see a couple of Shooting stars/Hanging man candlesticks
which mean that price is retesting the zone but never closing above it
So my view is that price will go down till Fib 61.80% level
which is also a previous support zone
plus keeping in mind that it is a confluent zone between: (a lot of confluence)
-Fib 61.80%
-D1 trendline
-W1 trendline
-previously tested support zone
