USDJPY | SellSetup USDJPY based on chart pattern Head and Shoulder.
Sell = 137.927
SL = 138.950
TP = 135.450
RR = 1 : 2.4
Headandshouldersformation
MRNA - SHORT THESISBearish on MRNA, though earnings are always a toss up. If we see a breakout to upside, I believe it's a good short opportunity. Earnings may just flop, and it finds itself testing neckline of weekly H&S, sloppy looking one at that.
Notable areas that could see short term reversals and/or support...
$102, 95, 88, 75
10-Year Treasury Yield Faces Head & Shoulders, Lookout Below?The 10-Year Treasury yield has been consolidating since April as traders grappled with inflation and recession woes.
Now, a bearish Head & Shoulders chart formation is prevailing. At the time of publishing, prices finished forming the right shoulder and were trading at the neckline, which seems to be around 2.70.
This is as the 100-day Simple Moving Average is holding up as support. It could still maintain the dominant uptrend.
Otherwise, confirming a breakout under the neckline and the moving average may open the door to a broader reversal.
Key levels to watch to the downside include the 61.8% and 78.6% Fibonacci retracements at 2.36 and 2.05 respectively. Beyond the latter sits the March low at 1.66.
Overturning the Head & Shoulders entails a push above the right shoulder, which is just below 3.15.
TVC:US10Y
S&P 500 Sells Off The following days are going to be great sell off session with everything going on.
Looking at an RR of 1:4
Not bad at all
Head and Shoulder Pattern.
Now we melt
Head And Shoulders Pattern On GBP/USDHi Traders,
Have a look at GBP/USD on the 4-hour chart today.
We have a head and shoulders pattern playing out.
Notice the way I drew the pattern on the charts.
We have our left shoulder, head, and then right shoulder.
Our neckline is highlighted as an ascending trend line. Please note that neckline zones do not always have to be perfectly horizontal. They can move at an angle. We can see that this one moves and trends slightly upwards. I was waiting for a break and close below the neckline zone, which we had and then we will enter a short position upon a retrace back into the neckline zone.
Targets are previous lower prices, targeting daily lows around the 1.181 price point.
Remember, head and shoulder patterns are reversal structures and generally occur and the end of a trend. The daily bias is still bearish as we are still making lower lows and lower highs. We have seen pushback from the bulls on the lower time frames but looking for long positions is still considered a counter-trend in the higher time frames. This is why my bias is still short until proven otherwise.
The head and shoulders pattern is on the 4-hour and gives us a nice opportunity to take this pair back down to previous daily support. Let's keep an eye out and watch what happens.
Hope you all have a fantastic Thursday.
See you all on the next one.
The Vortex Trader.
Possible Inverted H&S Horizon entered short right around current price. It looks like an inverted H&S is forming on the 10 and 15 too. This is would be a strong bullish signal. Let''s see how things develop during the NY session.
Joe Gun2Head Trade - Possible short term top on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate.
Entry Level: 0.6610
Take Profit Level: 0.6121
Stop Loss: 0.6242
Risk/Reward: 3.18:1
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EUR/USD We have a possible head and shoulders pattern again on the 1hr tf on the eur/usd chart. This can be our trading guide. If it fails again, we can establish short positions. If it starts working, we can go LONG. Note that next week we have the ECB meeting and the 1st rate hike announced, so if the ECB surprises the market, we could see some relief in the Euro, but still, the long-term trend is bearish and any rally should be used to establish short positions.
Head and Shoulders on NASDAQ ChartHead and Shoulders on NASDAQ chart (mirrors Inverse H&S on DYX chart).
AUDNHL - Double Inverted H&S Along this strong horizontal line two distinct inverse H&S formations can be seen
With the right shoulder of the second one yet to form (indicated by yellow arrow)
Price should revert to bull once horizontal is touched
URA - 4:1 opportunity. Year long distribution patternWhat the market is presenting:
Neckline kiss setup
Daily view shows one year distribution pattern
Weekly view shows massive double top pattern
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
XAUUSD at major supportBefore you read this, check out the related idea where we released XAUUSD's 1 week chart where you will notice the major support we are referring to in the subject of this idea.
XAUUSD is trying to form a reversed head and shoulders right at that support, we already have a possible higher low but we are seeing rejection of the daily VWAP which doesn't make me too happy for the bulls, atleast for now.
Nevertheless, the idea for longs is still alive we just have to wait it out a little and get a little more data.
DAX with a clear bearish trendThe DAX is in a clear bearish trend and there seems little that can support the idea of upside, one bullish thought might be the fact that the EUR is weak and that could help with exports for the German industry, but with inflation being so high globally and supply chains being so disrupted I highly doubt this will help the German industry generate an income since so many of their companies are on the verge of a shutdown...
The image in Germany is not pretty and as it seems we will only continue to face further problems.
Price action is king right? Well if we take a look at this weekly chart all I see is reasons to sell... like... hell!
Constant lower lows since the H&S pattern formed at the ATH, a clear rejection of a reversal at that double top which formed at the end of May and a new weekly low followed right after that rejection.
It seems for now that we are heading towards the 11650 zone for the DAX.
MKRUSDT head and shouldersThe price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$
Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
A small bounce before we go lower$ETH is in the process of printing an inverted head and shoulder pattern on the 3 Hours timeframe, downtrend is getting weaker and if we broke the blue line and printed the right shoulder, we a good 4 R
Strong divergence is a good sign for reversal patterns, let's watch and see 👀
Sellers need to take a rest, we probably going lower (per cycle thesis), but a small bounce from here hurts no body
BNBUSDT AnalysisHello traders! Welcome back to another episode with Analyst Aadil1000x.
As I always teach you never Buy Inverse Head and shoulder, and never sell Head and shoulder. It's always good to do the opposite.
We can see BNB formed a reversal pattern after a breakout and a dip after that. Now BNB is at the magnetic line, This is a type of line where the market keeps forming pattern above and below it. If we look at the current pattern, it's an extended one and most probably the market will leave this magnetic line and drop hard after this pattern is completed.
If it moves upwards then we will see another pattern above the line and the market will drop after that.
Don't forget to hit the like button and follow to stay connected.
AUDJPY, H4 - Triangle - waiting for breakoutOn H4 tightening of price move within triangle pattern. Breakout will show the direction. Recently formed head and shoulders pattern, so breaking neckline support level is needed as confirmation of further down move. Trade carefully!
I'm looking for a possible sell on GBPJPY.'I'm looking for a possible sell on GBPJPY.
The main reason why I started to look for short opportunities on GBPJPY was the rejection and failure to create higher-high around the price zone 166.180 - 166.394. I'm also seeing a possible Head and Shoulder to be completed. Hopefully with the GBP weakening and the YEN gaining some strength.
As long as the price stays below 166 I will personally still be looking for short opportunities as the price is already forming a lower high lower low sequence.
If you enjoy the content, make sure you follow my profile and click the like button.
Break at 164.631 for longer-term selling opportunities.
Take care and trade safe.
All the content I've posted is for educational purposes, please perform your own research and only take it as a reference.
Mercedes about to drive down.Hello friends,
on the weekly scale we see a head and shoulders pattern (which is not confirmed yet) . The right shoulder may take some weeks to develope but if completed you should see a down move, around 39,00€.
A strong bearish weekly close below the "neckline" is an short signal.
🤞
CP H/S IdeaCP has a pattern of following through with these head/shoulders technical patterns. Multiple times this idea has played out.
GBPJPY ShortWe're going to see a conclusion of an head and shoulders and a weekly dropp for GBPJPY for at least 300 pips.
Waiting for the opening session confirmations!
USDJPY on a h&s pattern 🦐USDJPY on the 4h timeframe is trading at the recent highs over a static support area.
The price after a long bull run might look for some bearish retracement and is currently creating a potential head and shoulder pattern..
How can we approach this scenario?
We will wait for a break of the neckline and in that case we will search for a possible short order entry according to the Plancton's academy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPAUD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
GBPAUD is sitting around a strong resistance zone in green so we will be looking for sell setups on lower timeframes.
H1: Left Chart
GBPAUD is forming a head and shoulders pattern but it is still an idea.
Trigger => Waiting for the right shoulder to form and then sell after a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, GBPAUD can still trade higher inside the resistance or even break it upward. In this case, our next resistance would be the blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
