GBPUSD - Intraday - We look to Sell a break of 1.2520 (stop at 1.2560)
Previous resistance located at 1.2645. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look for a temporary move lower. In line with the...
DOW30 - Intraday - We look to Sell at 25500 (stop at 25650)
The rally was sold and the dip bought resulting in mild net losses yesterday. A shooting star has been posted as prices reject the higher levels. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. With our medium term bias looking to fade gains...
just keeping this simple so i will look for either one to come to me first before taking any trades. there's looks to be a head and shoulders pattern that could form here if we pull back to the top zone. hope you all have a great day. if this starts to change i will update this idea for you :)
Continuation of the recent down trend
Price opened below the Daily pivot indicating Bearish conditions
Lower highs lower lows on 1 + 4 Hr time frames
EMA 100 + 200 Bearish
IF price rejects said area will create a head and shoulders pattern on higher timeframes (Right shoulder) bearish momentum then expected
IF price breaks this area of resistance VOID Trade
Comcast has formed an inverse head and shoulders pattern.
There is a clear break out of the neckline and the MACD has recorded a new first green bar.
I've set profit targets at the 0.618, 0.786 and 1.0 Fibonacci levels.
Looking for a reversal trade as we come into tomorrow's session. GBPUSD had a decent run today, but now looking overextended and exhausted. However, we can still see some upside potential as we haven't, as yet had any confirmation of a reversal. I've marked out a range that i will be looking at and one idea will be a break and retest to the downside on the 5min...
An inverse head and shoulder formation is noticed on the 4H timeframe.
IF a 4H candle closes above the price range then we may see bullish movement to the next area of resistance at 135
IF there is a rejection of this zone and price cannot push higher then we may see a bearish movement back to the previous swing low at 129.6
-Since my last analysis of GBPJPY, the price has rejected the 130.581 level, which was noted as a possible outcome.
- A nice inverse head and shoulders pattern has emerged on this pair.
- The distance between peak of inverted head and right shoulder is around 310 points, therefore from the breakout of the neckline early this morning, we can expect the price to...
The analysis published is of the GBPJPY pair. The potential opportunity I am presenting is a long position. Why ?
The thoughts behind this are the potential formation of a inverted head and shoulders pattern. The trade was entered on
the right shoulder that was in the 0.5 and 0.618 fib range, where it has since pushed upside. I entered the trade at 130.800 and is...
COINBASE:BTCUSD is in the process of forming reversed head and shoulders. Right now BTC is setting around $9500 level and possibly in the upcoming weeks, it will reach the $6500 levels to form the right shoulder, then the 10,000 level will be broken.
The target is around $15500
More confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit.
SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a...