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Neckline

NZD/JPY - POSSIBLE SHORT ENTRYFX:NZDJPY The rate has climbed up and is now testing the two-and-a-half-year falling trendline resistance. The current level is also the former broken neckline of a completed head and shoulders pattern back from February. I will be looking for selling opportunities on shorter time frames, however the stops should be based above the resistance area (81.00) and possible target - the major support level around 76.00. - See more at: www.tradeitsimple.com
Short
by TradeItSimple
POTENTIAL HEAD AND SHOULDERS ON EUR/USDFX:EURUSD The rate has formed something of a head and shoulders pattern on the 4H chart at the long term massive triangle resistance. I am looking for break of the two-and-a-half long rising trendline and the pattern's neckline below 1.1160 to enter new short positions. Such a break should trigger a drop to short term target at 1.1000 with a potential move towards the medium term target around 1.0800. A weekly close above the June highs above 1.1300 is needed to invalidate my bearish bias on the pair.
Short
by TradeItSimple
A possible 5 dollar trade in APC - with break of necklineIHS is setting up This chart is made for the FREE BLOG at our website. APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected. It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so no clear indication of direction. As always...only becoming a valid pattern with a decisive break of neckline. Resistance right now at neckline. Target: 67.60ish Oil sector Stay sharp, charts at: WALLSTScalper.com Our specialty is trading the futures live - giving signals to help you in your trading!
A
by CoinedByCrypto
EUR/JPY TESTING THE MONTHLY TRENDFX:EURJPY The rate has dropped down after successfull test to the 3-month-long falling trendline to test the short term rising trendline from February. The rate has formed 2 hammer candlesticks right at the former inverse head and shoulders neckline indicating further strength and a possible move towards the previous highs at 122.90 and the 100% pattern breakout target around 124.40. A daily close below the rising trendline and the former resistance/new support area's lows at 121.00 would invalidate my immediate bullish bias for the pair.
Long
by TradeItSimple
AUDNZD Head and Shoulders w a Cherry on TopIf you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h. On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700. Now, we can see that the neckline was broken in the last couple 4h candles. Price will not significantly move until Tyo session, and then will be drastically impacted by Trump's speech to congress. Overall, this is a short position that I am still holding, and will be looking to add to during London.
Short
by MtxTrader
AUD/NZD COMING CLOSE TO TEST THE HEAD AND SHOULDERS NECKLINE FX:AUDNZD The rate has broken the 6-year-long falling trendline resistance and is now climbing higher to test the inverse head and shoulders neckline around 1.1300. I am looking for an upside break and retest to enter new long positions to potentially target the former major support/new resistance area around 1.2100. A strong rejection lower from the neckline would indicate further range trading and a possible move to retest the former broken trendline before the next leg higher. - See more at: www.tradeitsimple.com
Long
by TradeItSimple