Shoulder
[XAUUSD] Buy Idea. Inverse head & shoulderAfter the wick rejection at the support zone, I believed gold will trend up towards the last resistance zone. Simple but profitable. You can catch buys anywhere between the two zone, as price makes it's way back up.
[USDJPY] Sell idea! Head & Shoulder ReversalUSDJPY is currently in a major level of support where price can either go up or go down. Price is going to move down and form a perfectly executed head and shoulder Reversal. I see price dropping initially down to the last lowest wick, retracing back to entry and then making it's official breakout for the sell.
How to Properly Sell the Head & Shoulder Pattern for Easy $A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis , a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest.
A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend .
Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground.
Bulls try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
Long on EUR/USD with double confirmationPrice action on the last close shows a Bullish engulfing candle which is one confirmation that the market has strong momentum and swing towards the upside. Confluence on the head and shoulder pattern which indicates a long position. Looking to go long on this one! FX:EURUSD
Nice Head and Shoulder.This can be a good short trade, opened my own short position 80 pips higher than now.
CGC -- INVERSE H & S -- A BUY CALLINVERSE HNS SPOTTED. THE NECKLINE SHALL BE RETESTED AND THE PRICE SHALL FLY TO TP1 (1.0 FIBO) AND NEXT TP2 (1.618 FIBO).
Head & Shoulder Pattern Using Mondays Candles Set UPThis is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown.
Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line.
Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
BTCUSD UPDATE 😁Congratulations! First target (Right Shoulder) hit. 😎 Next Target has given on the chart.
For more update follow my tradingview profile. Thanks.
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BTC Clear Head and Shoulder TOPLooking for BTC to retest back into the 6600-6700 range if this bearish head and shoulder top pattern plays out
EURCAD Analysis for shorting opportunityAfter what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start its clear that the break wont happen now. So we will be taking a small short position is price tries to go back there and upon good price action short.
Gud Luck.
DIS Head and ShoulderNice one pattern here:)
My play is sell short, S/L on the peak of the right shoulder and T/P at the blue line area
GBPUSD CYPHER AND HSH FORMATION BACK-TO-BACK ON H4hello dear traders.
as you can see on the figure,A perfect cypher pattern is formed on GBPUSD on H4 timeframe.
Moreover,right shoulder of a head and shoulder pattern is in progress.
wait for the HSH pattern to pass the neckline,then you may want to enter.
wish you many pips.
thanks for your visit.
AUDJPY H&SAUDJPY has been down for a while and has now formed a head and shoulder and now we are looking to see some sort of push to the upside to untested level of new resistance
Head and shoulder plus rising wedge: Probability for correction So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted.
Then there's also a rising wedge at the same time, which tells a higher probability for downside as well.
But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time.
BTC maybe wants to make it look as if an imminent correction would occur, just to go berserk and pump to 12k.
So, I am not trading this pattern here, just observing.
The fearless among you could try to trade this pattern, by opening very slight shorts, with tight SL's at maximum 8450.
Good luck and let's see what BTC is up to :)
Head and shoulder break down!A classic H&S pattern has broken down, if support at 360 sats don't hold it price can go to 280 sats (with considering that the BTC has started it's correction now).
EURMXN SHS 1WA bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
S-H-S at EURMXNShort option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
Update: Cardano Almost there (New Resistance & Support)We almost reached our IH&S Target of 1900 Sats Today.
Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april.
If we Break 1900 sats in few days and close above it then we may go towards 2400.
If BTC helps Ada may also reach 3k Sats very soon.
Positive Signal: 50 EMA Crossing 200 EMA on daily chart.
Negative Signal: Weekly and daily RSI|STOCH RSI Overbought. (It may stay Overbought for long period especially when bulls are in Control.)
Retracement Level: Cardano have had very good last few weeks. It may retrace a bit which will be healthy correction. I am expecting a retrace towards 1700. If this level breaks, 1530 sats should hold.
If you were around in last ADA Bull Cycle then you may have noticed that ADA just pumps and stays there for few days and pumps again. Last Bull cycle was from 300 sats to 9k sats and all this happened within 40 days of time.
Good luck trading Ada.
