NZDJPY has just broken out of a flag and trhu a longer TF bearish trendline. There is also a case to be made for an inverted H&S I am waiting for the retest of the trendline and neckline before entering a long position. Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past. The chart shows in...
Head and shoulder pattern breaking neckline at 240 USD. stop loss at 236, target at 250 for a 2:1 risk return ratio. Even better target at 255 USD, but might take longer to happen
Anytime, when the front month contracts are expensive than the back month's. Any rally to the upside is to be taken with a grain of salt. Because, Market is pricing in more risk on short term contract than the long terms. And risk in the general market knows only one direction, which is ________. assuming you know the answer. I will leave that blank. Any rally...
Looking for a inverted head and shoulders to complete a setup, just need the right shoulder. Once neckline resistance is broken expecting a run to long term trend line resistance, failing then returning to neckline support.
GBPUSD on the daily looks to be setting up a inverted head and shoulders pattern. Neckline is supported from the 38% retracement from the move down from JULY 2014. If neckline is broken target 50% fib @ 1.5847.
One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
Some bullish sentiment coming in after Wed but by Thursday night price dumped again and now forming a channel with divergence . I am still keen to short but this time bullish has a reason to go long with the inverted head and shoulders. The crucial level will be 2669 for me and I am looking for a min. h4 candle close to reenter short. A close below this means the...
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
Created a script for identifying Hammer, Hanging man, Shooting start, Inverted hammer.
The UT 30' chart shows what I believe to be an inverted Head & Shoulders, which if confirmed has 9640 as target
Inverted head and shoulders on multiple time frames. 1st target is the gap at $6.08 Second target Gap fill at $6.62. Potential 30%+ return setup. Also Very Strong Buy signaled not he weekly chart this week. (Posted Chart yesterday).
As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly...