Hi guys, Brent crude formed an inverse head and shoulders pattern on the daily chart and broke above the neckline on Feb 14. The pattern suggests an upside target of around $77, but we might also see a pullback to the neckline before the target is reached. This trade has also been posted on our Telegram channel, feel free to join: t.me
Here we have the NZDCAD pair with a possible short opportunity. The pair has been in a downtrend on the daily timeframe, shown by the red falling trendline. The shorter-term uptrend on the 4-hour chart seems to have found resistance at the 78.6% Fib retracement, signalling that the price correction has finished and that the underlying downtrend may...
We have a strong momentum to the upside and daily candle close near 1.1500, I think if the price will manage to stay above 1.14 we can see another retest of the top and posible break out to the uspide. So far from the technical side I see a short term bullish reversal.
Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the...
Situation: CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line). Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it. Plan: Short CADEUR at the confirmation of the pink trend. Execution: Trade the trend with SL at the last lower high.
We Have Spotted a clear inverse SHS awaiting for change in trend, leading to a Bullinsh Market in EURJPY.
EURUSD is still in a massive consolidation. Still looking for a Bullish market on the Long run. We can clearly see a SHS pattern forming and currently waiting for a retest.
Hey tradomanics, seems like a great chance is coming soon! :-) We are curently back in the recent range and I expect a retest of the trend-channel. Might be a good chance! We are moving within an ascending triangle and created a very weak S/H/S caused by a fake-out! Guess there is not enough demand to puush it and traders still wait for a lower-price to buy!...
Hey guys, time for first weekly update! :-) Check all these patterns! All double-Tops got triddered and "rode" by the market. Do they got invali? They just show us a lot of weakness, fraught and doubt at the bulls-side! All of these DT`s have created a Shoulder-Head-Shoulder_Pattern which is a Trend-turning-pattern. AS you can see, we have a gap between...
AUD/USD chart short term look. maybe we can get profit with leverage.
btcusd is forming a shs first target 6.400 when this target is reached the second target is 10.000
Head and shoulders on 1H, This Is another possible setup. Will update you as time goes. Do check out my other AUDUSD setup on my page. Telegram: t.me
I see a classic SHS pattern incoming. First trade long 1:4, second trade short 1:7.5 If this works out, I'll have you all invited to a 2019 New Years party with free tap water. Cheers
the SHS we see on the daily is what i would like to trade. An additional confirmation factor for the short is the MA here (break of MA and neckline) i marked 2 tests from above and if it holds one more time on the next day(s) it could prevent price from breaking down the neckline and giving us a short signal . If this happens and the ma + neckline holds and...
Price has rebounded from a support level forming a SHS figure. Waiting for a clear breakout to open a long position. Let`s see how it develops. Stay tuned!
Hi everyone, we come from here. Let's update the hen of the golden eggs trend. As you can see, the formation of the last peak of the SHS -1.19% is being fulfilled. Once it has been completed, I expect a progressive bearish regression, the breakout of the 0.382 fibonacci level and go down to the .623 fibonacci level to test the resistance. My plan here is...