Hey all! I've been tracking a few pairs for a little while now waiting for them to 'cook' a little longer, and this is the first idea that has formed solid potential. What we see here is a potential inverse head and shoulders pattern on the daily chart that seems to have begun in late 2015. The price fell to form a new low forming the left shoulder, then rebounded...
BTCUSD has had a good run up over the last couple of days, but I think it's time for a breather.
I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950.
This coupled with ETHUSD looking to make its...
FX: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...
The EUR.USD is one pair on my watchlist into this evening / tomorrow.
As yet I am unsure if we will be looking long on the bounce of 1.0550 as i am awaiting more confirmation on the lower TF's
I will be updating this post on the 1hr and 4hr TF if we can an entry.
FX:EURJPY
The rate has tested the former broken 4-month long rising trendline as the new resistance and experienced a sharp drop lower.
The test level is also important because of the major resistance zone (yellow rectangle) and the higher parallel of the potential falling channel formation (needs the 3rd infliction point to confirm the upper boundary) (the...
FX:AUDNZD
After breaking the smaller head and shoulders pattern the rate shot right up. I am now looking for a pullback to the former neckline to enter new long position
FX:AUDNZD
The rate has finally climbed up to test the massive inverse head and shoulders pattern neckline at 1.0770.
At the moment I expect bears to push the price lower to confirm the neckline resistance, however, I will be looking for an upside break and daily close above to enter a smaller long position and wait for a retest if the old resistance becomes the...
Hi,
EUR.USD forming Inverse Head and Shoulder pattern on 4 hours chart. This is the buying opportunity upto FOMC rate statement or my target around 1.0846
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...
Simply, silver completed an inverse head and shoulders
If you are willing to speculate on the pattern, you can wait for a minor pullback before entering. First target at the main falling trend line as shown on chart. Second target at 19.00 resistance level.
Good luck
Luay - Technician
Broke out strongly from the inverse H&S, but facing a potential resistance of the down trend line.
Will wait for further consolidating and coiling between the trendline and the broken H&S neckline. Then trade the break of the trendline.
If market continues to break higher from here, wait to trade on continuation setups.
Next month, the BoJ will announce a fiscal expansion, they also announce a new QE?
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... thank you very much!!
SignalSwiss
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