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Head_and_shoulder

LINKUSDT Potential Head and Shoulders TopPotential Head and Shoulders Top 3D scalp trading LINKUSDT is initiating a bearish momentum on 4H chart. The price action tested the trendline w/ weak volume. Expecting a neckline validation for a turn-point to scalp the probable right shoulder of this bearish pattern. Then I traced horizontal lines to look for the potential pivot price levels. Oscillator Fisher Transform on 1H showing that the actual leg down from peak of the head is finishing and we can expecting a strong retrace close to 78% to the level of the previous left shoulder. A 2nd pullback can occurs to retest the trendline w/ a healthy 30% retrace which is a key level to open a short position.
by firmestudio
EUR/USD SHORTEvening Guys, This is a EUR/USD breakdown. Technically EUR/USD is bearish and has been since last year. It's only going to go further until ECB raises interest rates to tackle the surging inflation the economy is facing. EURO/USD has made some beautiful structure on the H4 & H1 TF, you can clearly see a perfect head & shoulder pattern combined with bearish market structure and a perfectly aligned break and retest strategy. It's unfortunate this formation has occurred at the end of the NY session because if this was to occur around 11:00-14:00 GMT we would see a huge sell off on this pair. Personally I'm going to look to short this until market structure tells me otherwise. Maybe price can hover around this zone before dropping even more later tomorrow.
Short
by TomBray1
1
F Head and Shoulders SHORTFord had great earnings and revenue beats in July however inflation is eroding the purchasing power while Ford raised the price of its flagship EV, the Lightning by $8000+ and supply chain issues persist. The 2H Chart shows a head and shoulders pattern with price currently sitting at the trigger area at a time when the general markets are "challenged". Shown on the chart are the mid-Fibonacci levels on the retracement of the uptrend which started July 5th and ended about August 16th. Thye may suggest that F could downtrend into targets in the range of 14.3 to 13.05 over the typical slow and weak month of September. In consideration of this, I will go flat on call options and watch for Ford's further trend.
NYSE:FShort
by AwesomeAvani
2
AUDJPY ASCENDING TRIANGLE BREAKPair: AUDJPY Timeframe: 1D Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, double bottom ————— Key Takeaway: Price has already broken price to the upside of the ascending triangle and come back down for a re-test. We have also seen that a double bottom has formed indicating strength of the resistance turned support level. ————— Level needed: need a close by 96.000 ————— Trade: LONG RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom