GbpJpy is making an inverted head and shoulders.Gbpjpy is making inverted head and shoulders we are sitiing on the right shoulder. we will b buying it to the next resistance
Invertedheadandshoulders
GBPUSD - Repeat StoryIt seems I made a lot of mistakes in the previous ideas about this pair. Previously I saw a pattern formed as a flag, but apparently after I looked back, the result was a Descending Triangle. I once made a post about what the pair's movements might look like in my first idea, you can see it in the related link below with the title " GBPUSD - A Little Story ". Which of that idea I predicted about the possibility of forming an Inverted Head & Shoulders pattern and the existence of a Broadening Wedge pattern.
Yahhh !! this is how humans are, always making mistakes. Maybe even this later could be wrong again.
But, we should really have to learn from mistakes to be better. Is it not like that?
So, let's multiply make mistakes, but don't be intentional.
Hopefully this not completely wrong, otherwise I only make garbage analysis.
GBPUSD - A little StoryENGLISH :
This pair since August 2018 is forming a broadening wedge pattern, which means widening in both directions. Broadening pattern is one of the reversal patterns if the channel line is successfully broken. The trend before the formation of the pattern is downtrend. Inverted head & shoulders pattern also has the potential to occur, which is also one of the reversal or continuation patterns depending on the previous trend. When viewed on a large scale, a symmetrical triangle pattern is seen; a pattern that can go anywhere depending on which channel is penetrated. And it is seen that the support channel is broken so that the trend is down. At the close of the last trade, the channel resistance was also successfully broken. Then?
I don't have a prediction of where the pair will go in the long term. Will it continue to rise until it breaks the broadening wedge resistance channel, seeing that too many rejection points have formed?
Or going back down to make a new point of rejection?
INDONESIA :
Pair ini sejak agustus 2018 sedang membentuk sebuah pola broadening wedge, yang artinya arah melebar kedua arah. Pola broadening adalah salah satu pola pembalikan arah jika garis channel berhasil di tembus. Tren sebelum pembentukan pola tersebut adalah downtrend. Pola inverted head & shoulders pun berpotensi terjadi, yang juga merupakan salah satu pola pembalikan arah atau penerusan tergantung tren sebelumnya. Jika dilihat pada skala yang besar, terlihat sebuah pola symmetrical triangle; sebuah pola yang bias mengarah kemana saja tergantung channel mana yang ditembus. Dan terlihat yang ditembus adalah support channel sehingga tren pun turun. Kemudin pada penutupan perdagangan terakhir, resisten channel juga berhasil ditembus. Lalu?
Saya sendiri belum memiliki gambaran yang jauh kemana tujuan pair ini. Apakah akan terus naik hingga menembus channel resisten broadening wedge, melihat sudah terlalu banyak titik-titik penolakan yang terbentuk?
Atau akan kembali turun untuk membuat titik penolakan yang baru?
Bitcoin's Bullish Pattern Could Take It To $14,000Even though the BTC price has been decreasing rapidly over the past week, it is still possible that this decrease is a part of a longer-term bullish pattern, more specifically an inverse head and shoulders.
The pattern has been transpiring over a long period of time, more specifically 174 days. In addition, a breakout that travels the entire height of the pattern would take the price all the way to $14,000, slightly above the June 2019 highs. Therefore, it would confirm that the price is in a bullish trend.
However, the price is currently resting above the $7700 support level (green), with the next one being at $7000(red). A price close below the green line would invalidate the inverse H&S, but would still allow for a different bullish pattern to be created, such as the double/triple bottom. A price close below the red line would likely mean that the downward trend will continue.
On the other hand, the price has recently fallen below the 200-day MA. If it were to reclaim it, it would indicate that the BTC price wants to move higher and is in the process of completing the right shoulder.
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CHFJPY long, bullish setup with 2 scenarios!Plan : resistance level or structure breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Found Me A Tasty Little FractalShort term im still bearish, but i bet we see this inverted head and shoulders/ Fractal play out to some degree.
Check out my last total chart for a closer look at what i presume will be the bottom.
Don't forget to check out BNB as well.
Thats all ive got.
Good Luck And Safe Trading.
GBPUSD forming right shoulder on 1D tfPrice may retest HaS on 4H tf and then will go down and first stop will be support of left shoulder and maybe it will continue down to touch trendline.
GOLD forming a complex inverted H&S pattern!Plan : key resistance breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Contentos COS/BTC beautiful bottom formation.There is a bottom formation confirmation on Contentos COS/BTC pair. Inverse Head And Shoulders
Formacao de fundo confirmando da moeda Contentos no par COS/BTC. Ombro cabeca Ombro invertido.
EURAUD LONG Possible Inverted Head n Shoulders
Price as created this right shoulder and higher low.
Euro was weak all last weak.
I do see EURAUD to show signs of bullish movement.
Overall TP - 167 Pips
AUDCHF buy on H3Plan : wait for price to bounce off from horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD roadmap on H4, a complex reversal pattern**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
BBBY - overreaction creates opporunity?NASDAQ:BBBY price is destroyed this morning, based on some ugly sales numbers for the chain.
However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful?
If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be formed, price should bottom not far from current levels, I am entering.
GBPCAD has completed its short-term inverted H&S pattern!inverted H&S patterns look valid and are perfectly formed on this pair, then we are just waiting for the price to breakout the key resistance before placing any buy order. always remember to wait for further price development. be patient!
Plan : key resistance breakout --> wait for price to bounce off from key support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
IAG - bottom in place?Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid).
Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop
EURCHFAfter this extension to the downside in this demand zone and now this inverted head & shoulders, expecting a wave to the upside!
US/OILUS/OIL: printed an inverted head & shoulders which could mean good news for our sell bias on USDCAD. CAD & Oil correlates. So with a strong pump on oil, expect sell off on USDCAD
CADJPY long trade update! (re-entry)Note : on my previous analysis price went up +50 pips from our entry level (link attached below!), this plan is a second chance / re-entry ... good luck ;)
Plan : wait for the retracement at a lower timeframe like M30 or M15 --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Investment TipsEver since Bitcoin first arrived 10 years ago, investors have learned just how volatile the crypto market can be. Over the years, bull and bear trends have constantly replaced each other, with no way of predicting them or preventing them. the smallest detail has been enough to change the situation completely, and, this has happened numerous times.
The biggest growth that cryptos have ever seen came about a year ago when the Bull Run brought coins to entirely new heights. Those who invested prior to the Bull Run made a fortune. Those who invested while the prices were up — lost it. This was due to a massive market crash that came in early 2018, and the trend continued throughout the year, up till these days. And now we see it's rising so let's bear witj it because we're going places
AUDUSD Inverted Head N ShouldersFor those that may have issues identifying inverted head n shoulders.
You can use the higher time frames to see if the picture is clearer.
The lower time frames can give you a lot and make a bad trade setup especially if you are not with the trend or not near significant price.
By that I mean if you are not at resistance or support, if you find yourself in the middle of nowhere let price touch that area first then reactive after.
You could have enter at the right shoulder at the opening of New York session, fortunately this trade had no drawdown but you could have given your self a 15 pip stop loss.
This overall trade hit TP for 55 pips it took about a day because AU is a slow moving pair.
