Inverted HnS confirmed, waiting for target achieved.
After complete cypher pattern. price drop and make a divergent. if price make a inverted head and shoulder, i will find good price to entry.
buy if price pullback to 61.8 level or making right shoulder
This is a thought I've had for a while and well it seems likely enough that it is worth publishing. An inverted head and shoulders is also confirmed by the volume profile as being a viable formation. This chart is intended to depict the GENERAL direction only, NOT for specific price targets.
Trade is clear, H&S close to resistance so likely possible, in line with alternate wave count also. Not my usual style but will give it a go. Risk to reward ratio is not very good this time so will keep the position small.
Inverted H&S on USDJPY. Wait for a correction at the neckline and go long. Good luck!
buy at 61.8 level
AUDNZD has formed an inverted head and shoulders, and has broken the resistance neckline in a strong bullish candle. The gap has been closed, and the first candle of this week is very bullish. It will not be a straight shot to the low teens for this pair, but it should get there by the end of the month.
AG is still considered an inverted head and shoulders in the making, as the first shoulder's resistance has not been broken. Price will likely be bouncing from the support trendline and up to the low 13s.
On one hand, we have an inverted head and shoulders formation on the 1h and 4h time frames, therefore, price is still supposed to be heading to 1.4860, However, not sure what state the Euro is in, so...if we see a break to the downside, as illustrated by the green drawing down, then price will fall. Either way, we will know soon enough.
In my opinion, price seems to be forming an inverted head and shoulders, and I intend to catch the bull move upwards. Either way, this is a bounce off support and fits my criteria, whether it hits my target or stop loss
A similar possibility to EURUSD on the 4h - so if price heads down on both those pairs, there will theoretically be an inverted head and shoulders. The rest depends upon the strength of the Euro's NZD and USD pairings. I also may look for a short, with a sell stop order at the green line and a target of slightly above the next area of immediate support.
FX:AUDNZD The rate has broken the 6-year-long falling trendline resistance and is now climbing higher to test the inverse head and shoulders neckline around 1.1300. I am looking for an upside break and retest to enter new long positions to potentially target the former major support/new resistance area around 1.2100. A strong rejection lower from the neckline...
price has formed an inverted head and shoulders pattern expecting price to break neckline and retrace once that happens, entering short looks like a good idea
XAGUSD on 4 hour chart has given a breakout from an inverted head & shoulder pattern with neckline at 17.26 level. Any dip near to the neckline is a good opportunity to go long for a target of 18.80 - 19. The stop loss for the trade can be placed at 16.50 level.
Fundamentals of the company have consistent growth year to year with decent sized profit for a FTSE small cap stock. With a inverted head and shoulder pattern (in a overall down trend) marked by the blue squares indicating the left shoulder, head and possible right shoulder. We also have bullish divergence on the MacD and RSI along with an over-bought signal...