HCLTECH - Bullish Head & Shoulder - Intraday/Short term tradeThe analysis is done on 15 min TF hence price may take a couple of days or more in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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Invertedheadandshoulders
BNB 4hr Long to at least 624.6 (+13%)BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60.
There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish.
If it can reach the 1.13 fib at $646 and if it can maintain above resistance at around $650. I would expect it to retest ATH and if it breaks that I would expect $720-800 as the next ATH.
GBPUSD LONG Opportunity(Multi-timeframe)From the monthly perspective, we can see how the market is testing the strong support level at around 1.3238
In the 4-hr time frame the price broke the trend line and got rejected upward after the retest
Here on the 1 hour, we see the formation of an inverted Head and Shoulder pattern after which it is expected to move upwards.
HPE reaching the top of the inverted H&S / possible LTF breakoutAfter a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so only time will tell. I'm counting on this happening within the next few days.
COTI/BTC inverted H&SConfirmed Inverted Head and Shoulders, while target hasn't been reached yet, and COTI just got back down to the neckline (white) and strong support zone 990-880sats. I will be buying the touch of yellow uptrendline around 880sats. Target 1670sats. Invalidation 694sats. RRR 4
Check my previous COTI/BTC idea down below:
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
TRU inverted H&S If you missed my previous TRU idea...
...then there could be another chance to get in as TrueFi is forming Inverted Head and Shoulders 🤷 and if price breaks up I think there is chance for run to 1.04 and even higher. Will set the BUY LIMIT order to catch the pullback to Neckline (testing it from above).
ENTRY : Backtest of the broken Neckline @ 0.722
SL : Right Shoulder @ 0.569
TARGET : Inverted H&S target projection @ 1.040
RRR : 2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
USDJPY-Weekly Market Analysis-Nov21,Wk3USDJPY Flag Pattern stands, but it took a turn and change to the flag pattern with retracement and not the high and tight flag pattern.
Base on the 4-hourly chart, it has broken and closed above the channel, but it does break and close below the channel too, however, there's nothing to be worried about.
If you are waiting for a more conservative approach, you can wait for the Inverted Head and Shoulders trading setup that completes at 113.46.
While this Head and Shoulders doesn't meet my trading setup, look left of 113.46, it happens to be a rather good support level for a trend trading setup.