Short building HS Formation and new building short channel to 22.300.
It looks like the head and shoulders movement is forming. It may push it down strongly, back to under 4k. If it does not take a sufficient hold for a strong bear movement, wait for 6k.
BTCUSD has a high possibility to hit back to C to make a right shoulder. Therefore, the channel for it to drop down will be flatter than we thought before. Less is more!
Strictly technical outlook // Inverted Head and shoulders + Bearish Butterfly // Follow this Idea for updates on entry and exit TP1 0.99 TP2 1.011 TP3 1.017 ENTRY 0.98 SL // Use proper risk management //
Hi traders, On the USDCAD we can see a potential reversed head & should pattern taking shape on the 4H timeframe. The 1.30600 area is a good potential reversal zone. Cheers
Hi traders, On the GBPUSD 4H we have a potential AB=CD pattern forming. At that completion, it looks like we have a nice head & shoulder formation, so we could look for a short at that area. Cheers
Hi traders, On the EURUSD I'm looking at this head & shoulder pattern to enter short. I don't normally trade these setups, but I want to give it a try on this one. Entry: 1.07600 Stop: 1.08000 Target: 1.05910 Good luck traders!
inverted H&S pattern forming head bounced off of 1.026 RS bounced off of monthly trend line Strong acting resistance and neckline at 1.075 looking for price to break above neckline and retest to enter long Long term pattern=better strength of pattern If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
Possible inverted H&S pattern LS,H formed with good signs that RS is forming Long term pattern 1.510 and 1.526 are key areas where price might get stuck aggressive neckline at 1.510 price may go up to monthly trend line which may be a rejection area (TP1) long term trade with TP2 at 1.580
Potential H&S pattern on this pair, possible right shoulder forming if price bounces off of 0.722 which is a key area if price goes down and closes below neckline with retracement, short trade in play. after neckline break price may fall to 0.686
The bearish channel has been broken, we had a pullback, and now we are waiting for a new breakout before buying, the idea is also supported by a huge divergence. As I said wait for the breakout and apply your own strategy for this kind of setup.
This is not a signal but just an idea of what could happen.
Hi traders, i'm tryng for the first time the head and shoulders pattern... If the price will brake the neckline, i will sell after the pull back with the stop up to the right shoulder and two targets, the first at 0.95816 and the second one near the 0.93606 zone.
Here we have a possible head and shoulders pattern on this pair. i will be waiting ona break to enter short.
Hi guys i am starting a challenge where i will do 100 trades and see what my win trade is after the 100 trades. You can follow if you want. First trade is a head and shoulder + strong trend line and a bigger pullback to the 0.618 & 0.5 levels. Still waiting to short keep you guys updated Current trades : 0 Current winrate : 0
Perfectly symmetrical H&S. Now we would be at the symmetrical point we were on July 23, 2015. It could get to 56 in a month, month and a half.