Since my previous post on GBR, we've clearly seen the price breakdown from what appeared like a bullish pennant or potentially a bull flag, but the bearish divergence was/is too strong... Currently, it appears as though the price is breaking down from a bear flag with a head and shoulders pattern noticeable. I have placed a blue human head and body icon to...
MAIN IDEA: The main idea is to SHORT the rallies, SELL the top. Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern: Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019). Scenario 2:...
On the recent drop 21 EMA hold as support on the weekly, which keeps the overall bull run intact Price will be most likely rejected at 11,600-11,800 area going into US elections also forming H&S patter Due to that I expect price to range between 10k and 12k before taking of in Q1 2021
Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest. Points to consider: - Valid head and shoulders (neckline breached) - S/R flip retest - 200 EMA support Confluence - 21 EMA (visual guide) - Low volume - RSI trading above 50 - Stochastics buy cross TRXBTC has breached its inverted head and shoulders neckline,...
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the pound has been doing very good against the yen with breaking new high since start of the year, looking for it to break recent highs and break and retest with a good risk to reward ratio a nice head and shoulders pattern is forming. MikeGBP
Broke out Inv H & S. Touched fibo 1.618. Forming a triangle (pennant). If breaks out, expect more form it.
An inverse head and shoulders pattern is comprised of three component parts: 1. After long bearish trends, the price falls to a trough and subsequently rises to form a peak. 2. The price falls again to form a second trough substantially below the initial low and rises yet again. 3. The price falls for a third time, but only to the level of the first trough,...
I see a breakout from ascending wedge. I see a retest of the breakout forming a Head and Shoulders pattern in the One Hour. The blue arrows are representing selling pressure. The green circle indicates a break of structure to the downside. Bearish. Fibonacci levels are being hit in the breakout area (Supply) For these reasons I am looking for price to retest...
The right shoulder finally finished. Now testing the trend line. Hold the shorts and wait to add on the retest of the green buy zone as we pullback and sell more at the high of the pullback. Shares across the board start showing reverse patterns on daily and weekly time frame. Could indicate that the recent indices rally won't last and will reverse soon. Good Luck!
Is this going up or down??
we can see GBPUSD here is approaching SSR (SIgnificant support and resistance) zone and already forming HnS pattern i recommend to buy and green zone since there was big rally occured however, if you guys want to take SHORT i suggest you to wait until breakout confirmed,then retrace at Greenzone, wait for price action/chart pattern, then go Short
There is an ascending channel and appears to be a breakout and retest of the trend line and looks likely that price will continue to the downside. I will be aiming to take a position short on this. - Wait for a 4hr candle close below the resistance zone . - Wait for a pullback and a retest of this zone. - Wait for a rejection on the 1 hour or 30 min chart....
AU is currently forming the right shoulder of a potentiall H&S pattern inside the short bullish trend which looks like it has met its end as it touched a major daily trendline and the Stochastics in 1h and 4h are indicating a clear sell coming through.
Once again I want to apologise, for the previous post. Honestly it's been a f**ked up week, reason for that a lot of fundamentals news especially from GBP ( Brexit which affected EUR also) EurJpy was for sell, but brexit news sent EUR higher than it should, We had dollar news (very very good) but the market didn't respond, very confusing. My fav quote about...
Right after that perfect ascending triangle breakout, ETH started forming a nice head and shoulders, and is in the process of perfectly breaking out of that. Still got my position in at 144 from when I called the 38.2 FIB Range.