GBP AUD showing bullish reverse head and shoulders patternDo the analysis for yourselves and learn to become a better trader. If it passes the first resistance, it will target the second resistance. It is trying to head in the upwards direction. Follow me for more tips and ideas. Also, check out my website Traderhero.tk to become a skilled trader. Stop losing money, start gaining!
HEAD
FCPO TRADING : 207) possible formation of Double-topthis is haidojo and the number is 207 ...
a possible double-top formation ...fcpo-jan has gone into the selling region of 3070-3130...
another thing to watch out is...a possible formation of rounding top...this is supported by earlier price movement such as
when one of the critical supports 2980 was already broken...let's see if price could fall back to 2900...
if the price moves higher than 3130, then is it confirmed that uptrend persists...
higher resistance : 3200
strong resistance : 3070-3130 (abv this level is fastlane; crazy bull)
immediate support : 3020
lower support : 2900
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
FCPO TRADING : 205) 3030 -3130 stubborn resistance? Head? this is haidojo and the number is 205 ...
fcpo-jan still in uptrend...no confirmation of reversal of trend until important support is broken...
price might retrace back to 2980 and even the critical 2900...
and we need to watch if the support holds...uptrend persists if 3130 stubborn resistance is finally broken...
higher resistance : 3200
strong resistance : 3100-3130 (abv this level is fastlane; crazy bull)
immediate support : 3020
lower support : 2900
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
Bearish Head & Shoulders Pattern (1H)There are many interpretations of the Head & Shoulders Pattern.
After much research and back testing I have created a simple process using bespoke levels to objectively identify and trade the pattern.
Through extensive research into Harmonic patterns (in particular the Butterfly ) I have discovered how to accurately predict where the H&S pattern will occur.
The Butterfly Pattern Forms the structure of most H&S patterns.
ETH inverse H&SSo obviously ETH is going up along with the rest of the market, but this offers good targets to take some profits.
Whether you measure the shoulder depth, or the entire H&S depth, it matches up really well with the $440 and $480-490 resistance levels.
I expect a pullback at both of these levels, but of course ETH will go much higher in the long term.
YFI resumes upward after possible completion of H&SYFI has made a good volume recovery. I will be waiting for the 8hr retest of the closest S/R line and a good resumption before going long. A safer entry would be the retest and resumption around the 21000 S/R line. It would also be above the EMAs at that point.
I think I spotted an early head and shoulders pattern at NZD/CADHello guys and girls,
hier is my idea,
I think for all of you who are familiar with the head and shoulders pattern,
you know how to read my drawings on this chart. I'am already short on this one,
maybe a little bit to early, but we will see. Pleas feel free to share your
opinion about this trade in the comment section.
With best regards,
Jens
ETHUSD - Looking for a Corrective RetracementTF: 8 Hr
Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs.
This retraement area offers a few bullish confluences:
1. Area aligns with with a former broke resistance zone;
2. The 0.382 corrective retracement area is also located here
3.Aligns with a new bullish trend line
Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.
BTC Head and Shoulders Pattern Opportunity to short!
BTCUSD graph formed a head and shoulders pattern which created opportunity to short.
I indicated the shoulders and head.
The minimum target is the vertical distance from the head to the neckline starting from breaking of the neckline.
Volumes are acting accordingly.
For BTCUSD, this is a good opportunity to short.
If you enjoy my graph, please make sure you like and follow. Your feedback will always be appreciated. Have a great day!
Head and Shoulders - "Learn More Earn More" with us Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
. This illustrates that the upward trend is coming to an end.
. When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
Gold - Easy head and shouldersHello everyone, as we can see he have a beautiful head and shoulders pattern that we have broke bellow the neck line. We also see divergence on the weekly and monthly timeframe, so a bigger drop is most likely going to happen, because we had way too steep surge and we needed such pullback. For now we should trade only the head and shoulders with the given take profit, because given the unstabillity of the economy, gold might aswell rise a lot in the near future especially during the elections. We can sell
now and place the stoploss above the right shoulder. Good luck to everyone!
FCPO TRADING : 137) the last day of the fcpo-octhi, this is haidojo trading and the number is 137...
see what is going on the next week...if the price will retest higher level at 2780-2810 the "head" and "left-shoulder"...
or retraces back to the "neckline" at 2560 - 2605...
resistance : 2780-2810
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 134) DEJA VU' feeling? hi, this is haidojo trading and the number is 134...today fcpo-oct gives us a sense of deja vu' feeling...with the consolidation still in the process...
exchange date on 16th of the month...in which the contract will end tmr...so watch out those swing traders...not much movement in fcpo-oct
today...except of a huge gap-up...and sideway...
resistance : 2780-2810
support : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
EURUSD Limited upside EURUSD - Intraday - We look to Sell at 1.1844 (stop at 1.1879)
Selling pressure from 1.1909 resulted in all the initial daily gains being overturned. The rally has posted a correction count on the daily chart. Intraday, and we are between bespoke support and resistance 1.1762-1.1844. We have a 61.8% Fibonacci pullback level of 1.1844 from 1.1909 to 1.1740.
Our profit targets will be 1.1740 and 1.1700
Resistance: 1.1806 / 1.1815 / 1.1844
Support: 1.1761 / 1.1740 / 1.1630