OANDA:NZDUSD Head And Shoulders Pattern Formed BreakedOut And Retested Neckline Waiting For A Reversal Candle Then Go Long TP: 0.64270 SL: 0.62734
I see SHS at Demant in my graph (w). Looking forward to buy it very cheap later :)
The 'SHS' bearish pattern means that BTC and the whole market may catch a sharp decline soon.
SPX500USD possible shoulder head shoulder pattern
Looking at the 4H and the Daily, we can see the potential for an inverted H&S, with the potential to the upside (1.3000 as final target) We are at lows, around the 1.2550 zone, which has served as previous support. Price is currently above this area, and I am looking for a movement to 1.272 through to 1.28, if we can break above, we can potentially see a price...
Btc builds an SHS ont tthe 30 min Timeframe
SHS on 1D near to break down. Just did a pull back to upper side of bearish directrix today leaving a 4H bearish candle and way to live it in 1D also. It could break down soon this week. Likely to go down until 0.618 fibo retracement (around 4950). I would set sl at around 5415.
The GBP/USD pair is about to trigger a head and shoulders pattern on the daily chart, after rejecting the 50% Fib level of the April '18 - December '18 impulse move. The pattern projects a fall of around 450 pips (around 3%), which aligns with the December 2018 low of 1.2500. Bear in mind that upcoming Brexit developments may increase volatility and intraday...
Here we have an opportunity to sell GBPNZD after it reversed off the .382 fib retracement and formed a head and shoulders pattern, which has been confirmed with a bearish break of the neckline. At the current moment, you should wait for a better opportunity for entry as price is sitting on both a horizontal support (highlighted in green) and a ascending support...
After reversing off of the .5 fib retracement, GBPAUD is giving us a nice opportunity to follow the trend further downward. We have multiple confirmation signals including: 1) A broken and retested ascending trendline 2) A broken and retested Bear Flag 3) A broken and retested Head and Shoulders Pattern We also have a potential AB=CD pattern with the D point...
A bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
Short option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
The AUDCHF pair is trading in the upper range of a falling channel and has formed an SHS pattern as described in one of our previous analysis (idea attached below.) While the first attempt to break below the pattern failed, now we have a secon right shoulder that shows a strong selling momentum and may have enough power to break below the neckline. Join our...
After reaching multi-month highs and following Trump's tweet on OPEC, oil fell $64.36 and seems to be completing a pullback we forecasted earlier in our analysis. The commodity is now trading close to the lower rising channel boundary, supporting our long view. The inverse SHS pattern has already been triggered and projects a target of around $76.xx. More...
Hi traders, USDCHF shows some buying momentum on the H4 candle, after a break out of the falling short-term channel. The pair is now moving sideways, signalling the selling pressure decreased. The pair is currently trading near a longer-term rising channel, and failed to break below the 61.8% Fib retracement. This could mean that the underlying uptrend may...
The support around 19.20 failed to stop the downward pressure in USDMXN, with the pair breaking below the neckline of an SHS pattern. The pattern suggests a target at around 18.94, but I would prefer to follow a more conservative approach and aim at 19.00 instead, which also aligns with a rising trendline support.
Hi guys, Brent crude formed an inverse head and shoulders pattern on the daily chart and broke above the neckline on Feb 14. The pattern suggests an upside target of around $77, but we might also see a pullback to the neckline before the target is reached. This trade has also been posted on our Telegram channel, feel free to join: t.me
Here we have the NZDCAD pair with a possible short opportunity. The pair has been in a downtrend on the daily timeframe, shown by the red falling trendline. The shorter-term uptrend on the 4-hour chart seems to have found resistance at the 78.6% Fib retracement, signalling that the price correction has finished and that the underlying downtrend may...