GBPJPY: Selling on bear retracement Possible Bear H&SGBPJPY: Selling on bear retracement Possible Bear H&S. SL is ATR
Shoulders
AUDNZD INVERSE HEAD AND SHOULDERS WEEKLYAs you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process.
Since November of last year, the Aussie cross has continued to bottom and is now trading less than 200 pips below the pattern’s neckline (shown below).
What stands out about this particular structure is how skewed the risk/reward scale is at the moment. The measured objective is a massive 1,300 pips from the neckline, giving us plenty of upside to work with while limiting downside risk via the well-defined neckline.
Should AUDNZD confirm the pattern with a weekly close above the level shown below, we could be looking at a multi-month rally toward the 1.2780 handle.
USDCAD: Trying to catch volatilityUSDCAD is likely to go up. OA is showing uptrend. Price is approaching top side of Kijun Sen. I'm expecting price to go bullish and trigger the buy stop. However i'm also concern the pattern is forming bearish Head and Shoulders. Do cancel the untriggered stops if either one stop order is executed.
EURJPY: Possible Head and ShouldersEURJPY: Possible Head and Shoulders. Please make sure price reaches blue SR level before placing buy stop. Entry is confluence with 61.8% fibonacci and TP is confluence with 76.4% fibonacci level. SL is ATR.
EURUSD: Possible Head and Shoulders.Possible head and shoulders. Preparing to buy at right shoulder. SL is ATR.
EURUSD Head and Shoulders Patterns 240 ChartPotential set-up for head and shoulders pattern. Buying the right shoulder.
WTI Oil H&S 15 min ChartPatterns over a weekend are quite dodgy but let's see how this plays out. Head and shoulders forming (or arguable already formed and we're on a second right shoulder). So anyway the crucial thing is, do we break the neckline, and then will we hit our price target (calculated from the height of the Head from the Neckline) before we hit our stop (high of the right shoulder)?
Interested to see. Anyway, the alternative scenario is the price breaks out of the green line and above the right shoulder. That would seem to indicate we're consolidating for another move up.
USD/CAD Touching downtrend lineThis is following a downtrend, look at the posible head and shoulders patern in a long term. I think it is going to breack the 4H trebd line
EURAUD looking at possible strong Bearish move.On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target.
Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for price to reach 1.50 for taking profits.
Very clear inverted head and shoulder about to break necklineHead and shoulder pattern breaking neckline at 240 USD. stop loss at 236, target at 250 for a 2:1 risk return ratio. Even better target at 255 USD, but might take longer to happen
EUR/JPY - Possible H&S | Daily chartHey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart. The 200MA acts as a resistance level for the shoulders along with some structure earlier this year.
It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190 's we might be looking at a drop to somewhere around the 132,500's (the D point of the butterfly).
Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance.
Let me know what you think!
Thanks in advance and happy trading
USDMYR: Incomplete head and shoulders formingAnalisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang harga dijangkan akan menuju ke Right Shoulder dan dijangka pergerakan menurun akan bermula dari situ (ditanda dengan garisan hitam, Bearish Wolfe Wave juga terbentuk disitu).
Possible neck breakWe seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222.
This situation should resolve in the following 2 sessions (8 h)
Trading Plan for next 2 weeksTrade ideas are based on my anticipation of an inverse head and shoulders.
This should atleast help gaining some orientation for price action and time windows.
Make sure to check out my other charts for more information.
Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you.
Cheers : ]
Bullish GartleyImpulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern.
Expect a bullish resolution the next days.
1. Target 262 is very likely
2. Target 275 becomes likely after break of yellow neckline
Stop Loss bellow the current double bottom at 235
Don't go all in 50x on this one, though. Cheerz : ]
Bullish inverted Head and ShouldersNeat downtrend.
Inverted H&S (please if you disagree let me know).
RSI and CVI (Cumulative Volume Index) both high at Head's peak and low on right shoulders:
Note: Since there is no volume, I looked at the CVI, but I don't know anything about it....:(
The target (1.077) converges with the top of the downtrend (resistance).
Adam and Eve Bottom, break of head and shoulders incThe head and shoulders has been more or less confirmed.
As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line.
In my wishful thinking we will perform a adam and eve bottom and then got back to the moon
