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Invertedheadandshoulders

AUDCAD long trade ideaPlan: resistance level breakout --> wait for the 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
Long
by GWBFX
1
EURAUD long trade ideaPlan: wait for the price to bounce off from trendline or key 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
Long
by GWBFX
2
EURUSD long trade ideaPlan : wait for the 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
Long
by GWBFX
16
Gold - Inverted H+S - $1,900/ Ounce TargetMeasured move of the Inverted H+S would place the Gold price at $1,900/ ounce, this would be within spitting distance of all-time-highs Inverted H+S Should this pattern resolve, I would expect that this price move would bring substantial media attention, as this would mark the first time since 2011 that Gold would have traded at these levels. There is little technical resistance once $1,800 is cleared This would obviously translate to increased demand, particularly from momentum traders. This would logically conclude with higher Gold prices moving forward. -TradingEdge
COMEX:GC1!Long
by Profit_Link
Trading Edge 2020 Portfolio -Trade #11- WES - Inverse H+STicker: WES Position: ~ $7.00 Strike Call (Currently around $0.62/ contract) ~ May 15th expiry ~ Delta = 0.57 ~ Risk no more than $300 (4-5 contracts) Exit/ Profit Targets: ~ Close below the neckline = exit trade (approximately $6.00) ~ Initial target = $8.00 ~ Secondary target = $11.00 Rationale: ~ Inverted H+S breakout ~ RSI confirming latest move higher ~ Presence of a gap (stretch target) ~ Moving averages are suggesting (at least near-term) a continued bounce -TradingEdge
NYSE:WESLong
by Profit_Link
USDSGD long trade ideaPlan : 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
Long
by GWBFX
3
Massive Inverse Head & Shoulders.It appears as though Overstock has formed a nice rounding bottom, which is now turning into a Cup & Handle potentially.. There's a few bullish indicators & even more so there's Macro events taking place with blockchain in China that are likely going to take this stock to new All Time Highs. tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought a 5 Million stake in the company. I wouldn't be surprised If Chinese investors are supporting this stock heavily now, especially since China is rolling out their new digital currency. McDonald’s and Starbucks are reportedly part of China’s digital currency trial. China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports. McDonald’s, Starbucks, and Subway are the only three American firms among 19 companies participating in the trial. The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched. McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency. This is the main reason why China propaganda has become dangerously provocative in America. China is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you the cryptocurrency China’s rolling out will likely be backed by gold. China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
O
by ScotianBot
2
GBPAUD Short Entry IdeaHey there, This is a continuation from Yesterdays post on a short position I took on GBPAUD which hit our take profit with a decent 4:1 risk rewards ratio. From the chart we can see 4 bearish confirmations: 1: Descending channel 2: Inverted Head & Shoulders pattern 3: Fail retest of the neckline which was previously a support area, rejected the test and confirmed the Inverted Head and Shoulder Pattern. 4: Bearish pennant just after multiple tests of the support in the descending channel. Waiting for a break out to the down side on the flag. Entering at 1.93641 SL at 1.94029 TP1 at 1.92497 TP2 at 1.91780 Overall risk reward of 4:1 Thanks.
Short
by LewisBWalsh
GOLD long trade idea (2nd entry!)this analysis updates for my previous gold long trade idea (link attached below!), we can use the 1770 support level as our 2nd entry-level to go long to 1727 target price but remember the risk-reward ratio is only 1:1.5 ... good luck! Plan : wait for the 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
FX_IDC:XAUUSDLong
by GWBFX
9
Triple Bottom, Ascending Triangle & Inverted Head & Shoulders?QE4EVER, do you ever remember reading about this in Economics 101? Fuck no, and Bitcoin wasn't in Economics 101 either, remember that when conducting your analysis. Moving on, Bitcoin appears to be trading in a Ascending Triangle outlined in Blue. Where I have placed the 3 green arrows pointing sideways to the right is a nice example of a Triple Bottom, there's also merit for a Inverse Head & Shoulders. A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
COINBASE:BTCUSD
by ScotianBot
WES - Potential Inverse H+S - $9.00 TargetQuick pattern update here. WES appears to have an Inverse H+S pattern forming on the lower timeframe. A clean break from the pattern would target the $9.30 range, setting a conservative exit, with a close below the purported right shoulder would minimize potential for losses. WES has been one on my list for a while lately and I recently closed a position for over 170% gain. The news surrounding oil prices is negative, however WES is a refiner not a producer, so WES, if anything would have benefited (in the short-term) with the negative May contract prices. I may look to do a more detailed write up on WES in the coming day or so, concerning position details. -TradingEdge
NYSE:WESLong
by Profit_Link
2
Buy GBPAUD Multiple TimeFrame AnalysisAlthough, GA is currently strong downtrend overall, it has presented a current buy opportunity. - The weekly time frame, there was a hugh sell of last week. And after a big push to the downside, this week candlestick is ending in a doji. It has respected and found support at th 38.25 fib level. It appears that it is time for a nice size retracement. - found support at a daily demand zone double bottom pattern formation it appears it will end the day in a hammer candlestick it has also found support/respected the trend line - it appears there is a double bottom, inside of a double bottom and another double bottom is forming inside of it (refer to the image) -you can also make the argument of an inverted head and shoulders pattern it has also found support/respected the trend line
Long
by NoCeilingsTrading
4
GBPUSD long trade ideaPlan : wait for the 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
Long
by GWBFX
4
Crude Oil Brent formed an Inverted Head & ShoulderBrent Crude Oil has been dominated by the bears due to the weak fundamentals and oversupply, demand constraint and insufficient OPEC+ agreement. Brent price dipped again after a short euphoria on the OPEC+ agreement reflecting conflicting vision on traders and investors. Having said that, the Technical Analysis reflects the market is re-testing the lower 20s range and is comfortable at US$25/Bbl. This could form an Inverted Head & Shoulder pattern looking forward to economic recovery signals.
RUS:BR1!Long
by QuantVox
NZDJPY long trade ideaPlan : resistance level breakout --> wait for the 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
Long
by GWBFX
4
GOLD long, Inverted H&S + Key SR COMBO!1633.80 key S&R level keeps being respected and tested many times, we can use this level and take advantage to go up if the buyer manages to hold and push the price to 1727 level Plan : wait for the price to bounce off from key 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
FX_IDC:XAUUSDLong
by GWBFX
4