MY THOUGHTS ON GBP/USDIn my analysis of GBP/USD on the DAILY Chart , I forecast that price is moving toward the weekly supoort price of $1.34533. In this analysis, I utilized spport and resistance and chart patterns. FX:GBPUSD
Head_and_shoulder
MY THOUGHTS ON GBP/USDIn my analysis of GBP/USD on the WEEKLY Chart, I forecast that price is moving toward the weekly supoort price of $1.2029. Looking at the Head and shoulders formation of the chart, we would look at the retest,but price is rejecting the resistance level and moving bearishly. In this analysis, I utilized spport and resistance and chart patterns. FX:GBPUSD
GBPUSDIs GBPUSD going for a potential left shoulder for trend reversal ?
Break of neckline after left shoulder will be a nice opportunity for sell off.
BTCUSDT.P Dreams are coming trueOur dreams are going to be true ? It seems yes.
we got the right shoulder, we crossover the neck, and raised close to the Shoulder target WITHOUT neck retest.
If possible retest happens, we will see the price fall between 26.5K - 25.2K which is enough to confirm the IHS then we will see 31.8K and 35K step by step.
Let's follow up it here
The Last Drop of ETHHello traders,
A one more drop is coming before creating a new high, ETH is setting up for a drop its showing me a lot of weakness on the weekly timeframe.
i am waiting for ethereum to drop and buy from the low price as much as possible, the price area that i am looking for is around 500 it will take time not a few days or few weeks analysis so patience is the key to succeed.
In the weekly timeframe price is formed head and shoulder pattern now price is going to retest that and drop from there, the area that i mentioned in the chart is around 500 to buy the ethereum for the long run, now ethereum is just going up and every one is wanted to enter in the market and try to make some profits but i am pretty much sure that this is going to be drop before creating a new high of all time and i am just basically waiting for that.
This is my analysis and view about ethereum.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
#BTC - Head and Shoulders pattern + HIGH ROOF Resistance.#BTC - Head and Shoulders pattern + HIGH ROOF Resistance.
Can we break it? -> Look at the liquidity and volume which is super super super LOW.
All indicators look like we are reaching this RUN's top. So be careful.
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The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
✅ADA is expected to move to 0.7$ADA has created an Inverse head and shoulder pattern which means that the price shall increase as much as the measured price movement (AB=CD).the break out is about to occur so stay tuned for a sharp bullish movement. The resistance for this movement sits around 0.7
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
$JD Potential IHS still intact Hey guys, after a big down day today, I wanted to take a look at the chart again. The inverse head and shoulders is still intact. I really want to see the RSI trendline keep that incline slope.
If it doesn’t hold RSI tendline, we may head all the way to oversold conditions, which could be several dollars below here if we don’t get a significant rally. Also, It could potentially be a sign that the selling pressure is still present.
Everything here is just an opinion, and made for entertainment purposes. This is in no way, shape or form any any type of financial advice or advice in general. This is for entertainment purposes only.
BTC - Head & Shoulders pattern forming!Here's a quick look at BTC 30 min. chart. Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone.
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QNT multiple indicators pointing to long-term bullish breakoutBINANCE:QNTUSDT
Multiple indicators pointing to a potential price outbreak (long direction).
Head and shoulders
Triangle
Fib retracement (for mid-term projection)
THIS IS TOO RISKY FOR LEVERAGE IDEAS, TRADE ON SPOT AND WITH CAUTION.
NOT FINANCIAL ADVICE.
#crypto Bitcoin -Daily HS completed Bitcoin has completed head and shoulder on daily timeframe .
Currently consolidating above the H&S pattern for about three weeks.
Time to breakout or breakout failure.
AMD monthly head and shoulders target wave 5 of C correctionAMD monthly head and shoulders target wave 5 of C correction wave. AMD $40 )))
EURUSD H1Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and shoulder and give me a impulsive break to the upside red trend line i will be looking for a short term long position opportunity up to previous high, this is my view about EURUSD.
watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support.
If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
EURUSD |Inverted head &Shoulder patternOANDA:EURUSD
Hi , Trader's as you see on chart , in 30 min's and 1 hour TF
inverted head and shoulder is visible , Neckline at 1.0916 is broken and now successfully retested
If market get some liquidity here than possible price can reach to upper trendline at 1.0978
As friday will be holiday , so market will move slowly
At the time of NFP news market can spike up
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NFLX - HEAD AND SHOULDERS NETFLIX - We can observe a typical example of head and shoulders pattern formation that is looking to conclude right around earnings on the 18th of this month. The pattern suggests that if we see a drop to $280-$290, we can seek a $70-$90 raise in the upcoming week after the earning report relies on the 18th of this month. NETFLIX missed the last earnings with a significant number so it is likely to correct that in the upcoming one.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ETHUSDTThere is a clear Head&Shoulder pattern about to compete on H4 and H1. I am have my eye on the entry trigger .
MASKUSDT possible short term reversal Based on the observed price action, it appears that MASK has formed a Head and Shoulders pattern, with the neckline coinciding with a significant Fibonacci level of 0.618. If the neckline is breached, there is a potential for a bearish move towards the subsequent Fibonacci level.
Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
etherium reverse head & shoulderetherium reverse head & shoulder 05-04-2023 tyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
fghhhhhhhhhhhhhhhhhhh
GBPCAD - Head and Shoulders 📉On The Daily Time Frame The GBPCAD Price Reached a Resistance Level!
Currently, The Price formed a Head and Shoulders Pattern 📈
The Neckline is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET 1: 1.66970
TARGET 2: 1.66000🎯
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ADA Possible H&S formation There is a potential head and shoulders formation on the chart, with the right shoulder currently coming in line with a strong Fibonacci level. If this level holds as resistance, it is likely that the pattern will form. Traders can look for possible entries on the break of the neckline. It's important to note that the confirmation of the pattern will occur once the price breaks below the neckline, and it's recommended to wait for this confirmation before taking any positions. If the pattern is confirmed, the target can be estimated by measuring the distance between the head and the neckline and projecting it downwards from the breakout point. As always, it's important to manage risk by setting stop-loss levels and considering the overall market conditions before making any trades.
Breaking Down the GBPUSD PairThe GBPUSD cable pair hit our projected target at 1.24171 without first pull-back to the minor support identified around the 1.21007 price level. With a bearish close on the daily timeframe, the pair is likely to trade back to the first demand zone at 1.20975 to find the necessary support to move out of the trading range condition. The 50-SMA and 200-SMA can act as support levels for the price action. The resistance level or the supply zone playing out on the 4-hour chart with divergence signaling price reversal. If the price closes below the 1.22989 level, we can see it trading to the 1.21084 level. On the 1-hour chart, price forming a potential head and shoulder pattern. There is no high-impact news for the Great British pounds in the coming week that can result in high volatility, but the US dollar is likely to be volatile considering expected high-impact news.
