HEAD

Possible Head & Shoulder pattern on EURGBP

EURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has...

Entry at 1.27567, Stop loss at 1.26578, TP1 at 1.28789, TP2 at 1.29545

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SHORT SELL H&S

50% of position closed at TP1, remaining position is now risk free.

Entry at 1.26823, Stop loss at 1.26346, TP1 at 1.27300.

Late entry on retest, adjusted stops and targets.

Bearish H&S pattern forming a retracement at the TP1 of the Daily bullish Gartley.

Entry at 1.29076, Stop loss at 1.28849, Target at 1.29494

Wait for close above the neckline before setting entry at the neckline, stop loss below right shoulder, target at height of pattern above neckline.

As you can see we have a head and shoulders pattern forming

No amount of technical analysis can interpret Centrica's consecutive Head and Shoulder patterns.

This pattern shows up very nicely on the 4 hour chart, and can also be seen on the daily. So far the pattern has been forming over 52 days. If we take our neckline from $6109 we have a target of $3700, or if taken from $5867 target of $3483(which is also a horizontal support). We get this target from taking the price range from neckline to top of the head. A...

Neckline sits at about 0.055 and at the moment, it looks like the right shoulder probably won't start to form until late August. Target-wise I think we'll see 0.1 again before the end of the year.

If OXB continues to head higher, then the target is the height of the Head in the H&S pattern formed on the monthly chart.

Is this the start of a reversal for ISAT? Has it started an H&S pattern which will be completed in the next few months? Wait and see.

ONT looks like it has created a head and shoulders pattern if it breaks the neckline then it could fall to where my red line goes.