Head and Shoulders
Trading Signals for USD/JPY sell below 146.41The price test at 144.06 coincided with the moment when the MACD indicator had just started moving downward from the zero line, confirming a correct entry point for selling the dollar. As result, the pair plunged toward the target level of 143.39.
Yesterday was marked by significant fluctuations in the currency market, triggered by the release of disappointing data from the United States. The ADP employment report showed a much smaller job increase than expected, and weak ISM services sector figures created a domino effect, leading to a rise in the Japanese yen and a corresponding decline in the US dollar. The market's reaction was swift. Concerned about slowing US economic growth, traders began shedding dollar assets and shifting into traditional "safe-haven" currencies like the yen. This process was further intensified by revised expectations regarding the Federal Reserve's future monetary policy.
Today's weak wage growth data had little impact on the currency market. It appears that market participants had already factored such results into their forecasts, expecting a correction after previously more optimistic reports. Overall, investors are currently focused on more significant indicators of economic health, such as inflation and GDP growth, rates.
USDCHF: Bearish Wave Ahead 🇺🇸🇨🇭
Quick update for USDCHF.
Earlier on Monday, I shared a bearish forecast based on a
confirmed violation of a neckline of a head and shoulders pattern on a daily.
We got quite a deep retest of that and bears finally showed their presence.
I remain bearish bias and expect a bearish continuation soon.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Inverse H&S pattern.Closed at 16.75 (04-06-2025)
Inverse H&S pattern.
Sustaining 16.45 may lead it
towards 18.70 - 19 initially
& then 20.50 - 21.50
Stoploss is Must!
BTCUSD - Further retracement to 97700 after protracted reversalOn the daily chart, a large head and shoulders pattern appears close to completion, suggesting a potential reversal of the recent uptrend. The formation is somewhat uneven, but in volatile markets like this one, clean textbook patterns are rarely seen.
Continued bullish sentiment has slowed the reversal, with buyers stepping in to support the price during each dip.
If we consider the April to May uptrend as a single move, the first Fibonacci retracement level aligns with support at 103,000. This level has been respected on both sides of the head and also serves as the neckline of the head and shoulders pattern. A break below 103,000 in the coming days could open the way toward the next support level near 98,000.
The right shoulder has not yet fully developed. Unless the price moves decisively above 106,900, we may continue to see the kind of sideways movement that formed the left shoulder, leading up to a potential breakout to the down side.
Should the price break above 107,000 with strong momentum, the pattern could fail, potentially triggering a bullish breakout and a long opportunity. However, recent candles appear more bearish than those of previous sessions.
Decreasing volume trend across the H&S pattern, along with a falling RSI and a bearish MACD crossover, provides further evidence of a reversal. The momentum appears to be shifting in favour of the bears, while the bulls are losing steam.
A Pull back to launch the price upward The Bitcoin market structure is bullish on the daily timeframe, but the price action needs to pull back to the basic structure levels. Nothing new—just repeating the same pattern, as I mentioned in the chart.
NFP Setups: Dow Breakout or USDJPY Breakdown?Big moves ahead? Friday’s Non-Farm Payrolls could be the trigger. ADP came in weak, jobless claims spiked, and ISM data disappointed. Now all eyes are on the Dow Jones and USDJPY. A strong NFP could send the Dow to new highs, while a weak one may sink USDJPY toward the 2025 low.
Watch the full breakdown and share your take in the comments.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Shoulder on Shoulder - Need a dump this Week😥 The past week was complicated, and I don't want to bore you with all the political goings-on, which I hope you're already aware of. I'm a bit short on time right now, but I still wanted to share this perspective with you all.
💁♂️ It is Shoulder on Shoulder H&S everywhere!
💡 My concept of a plan:
🧗 Let's climb the Pinky way down
3289 - Actual Price
3271 - 🏁 S1
3232 - 🚪 Pink Neckline entry
3245 - 🤞 S2 & Head of White reverse H&S
3204 - 👀 Pink Start from Left Shoulder
3184 - 🎯 TP 1 - Fibo 1.272
3163 - 🎯 TP 2 - Fibo 1.414 or 3166
3134 - 🎯 TP 3 - Fibo 1.618 or 3154
3120 - 👀 Head of Yellow reverse H&S
3079 - 🎯 TP 4 - Fibo 2
🗣️ Important: FED Chair Powell speaking June 02 Mon at 1 PM EDT
What are your toughts about this? Please write it in the comments.
-------------------------------------------------------------------------
This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
Btcusdt updateAnother scenario that can be imagined for Bitcoin is this. A head and shoulders pattern and a reversal from the $99,400 range and a rise to the $140,000 range, which could be the end of Bitcoin's celebration. In addition, we have a lot of news in these two weeks that may cause this 40% scenario to happen. Thank you for reading this text. Please share your opinion. Thank you.
SPY Inverse Head & Shoulders Played Out Clean – Bounce from Buy Just wanted to follow up on the AMEX:SPY idea I published yesterday — this played out exactly as expected 👇🏾
We got that clean pullback right into the 588.50–589.90 buy zone, which aligned perfectly with high-volume support. From there, price reversed and gave us that upside move back toward 593+.
Even more validating: the pattern that formed was a textbook inverse head and shoulders
🔹 Left Shoulder → formed near 586
🔹 Head → at the deeper 585 level
🔹 Right Shoulder → bounced cleanly off the buy zone
🔹 Neckline Break → confirmed the move above 591.12
This is why I always say: have your levels ready and wait for confirmation. No chasing, just execution.
🔑 Buy zone held
📊 Volume-backed support
📈 Continuation in progress
Will continue monitoring for follow-through above 593.46. If bulls hold control, next resistance is near 596–597.
Measured-move target $4?After a massive base like this, and the macro lining up positively for this name, I think an initial $4 target as a result of the huge inverted head and shoulders is very likely.
Go GOOGLE: Potential Fake Bearish H&S PatternTechnicals:
I have my own way of seeing the markets technically. Currently, on a weekly and daily chart, it appears that Google has a Bearish Head and Shoulders Pattern.
The last time that I checked, it was a fake weekly bearish Head and Shoulders Pattern.
Weekly:
This weekly bearish H&S pattern will fail! But if I am wrong, I am ready with an order at 136. It doesn't matter.
Daily chart:
Commentary:
There is a higher probability that the market for Google is set to pivot this month in June 2025 from the current 160 levels to all the way to 208.70. Google will make all-time highs above 208.70 by end of September 2025; three months from now.
GXO to $58 this year?Fundamentals:
-GXO, a 3PL logistics company, a Nike/Apple supplier has more than 1000 warehouses worldwide
-doubled it's revenue in 5 years
-The global commerce is facing difficulties, if we see those get cleared, shipping can be hot for H2 2025
Technicals:
-On buyout news it went to $63, but the plan failed
-In tarrif routs fell to $30,46, all time low
-The April candle is a bullish hammer candle, what putted an end to this decline
-The 50MA was a springboard in 2024 october, before the buyout news, and the lost support when the buyout failed
-In 2025 May, the stock broke above the 50MA
-We have an inverse H&S formation, pointing towards $49, this is an R1 resistance level on the yearly pivot level. $49 we can have in few weeks, then the price will meet a lof of overhead resistance, so it's a good exit point for the short-term.
-At $58 there is an unfilled gap, wich can be filled until the end of the year, or maybe in 2026, on the 2024Q4 earnings release.
6/3 Gold Analysis and Trading SignalsGood morning, everyone!
Gold climbed to the 3370 area yesterday without showing any significant pullback, indicating that bullish momentum remains intact. After this morning’s opening, the price continued to rise, and from a technical perspective, there’s still room for further upside. The 3400 level is likely to be tested today, and if accompanied by increased volume, gold may extend gains towards the 3416–3438 resistance zone.
From a tactical standpoint, a technical retracement after today’s rally is the base case scenario, and intraday trades can be structured within the broader 3440–3320 range. On the downside, the 3368 level is the first key support to watch, followed by 3352, which could serve as a pivot area if a pullback occurs.
On the macro front, two economic data releases are scheduled during the US session, along with a Q&A session involving Fed’s Goolsbee, which could inject short-term volatility into the market.
📌 Trade Plan for Today:
Sell within the 3416–3438 zone, with controlled position sizing; short-term strategy preferred.
Buy near the 3338–3321 support area, with a defensive setup and tight risk control.
Flexible trading levels to monitor: 3421 / 3413 / 3397 / 3386 / 3367 / 3358 / 3343
Strategy outlook: Adopt a “sell high, buy dips” short-term strategy today. Avoid chasing breakouts blindly; focus on rhythm and structure.
USDJPY forms textbook head and shoulders patternOur last bearish call on USDJPY played out perfectly. Now, a new setup is forming. With US ISM data showing contraction and stock markets under pressure, the dollar-yen could be next to drop. Watch as we break down the textbook head and shoulders pattern and the levels to watch for a potential 600+ pip move. Target zones, risk-reward, and key breakout levels all included.
USDCHF: Important Breakout 🇺🇸🇨🇭
USDCHF broke and closed below a neckline of a huge
head and shoulders pattern on a daily time frame.
It turned into a strong resistance cluster now.
I believe that the price will drop to that at least to 0.81 support.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY : Daily ChartUSDJPY :: Daily Chart
Head and shoulders pattern
Wait for a Neckline Breakout
Support & Neckline :142.400-141.900
META | Buy @LT | SL below 618 | 1st Target 842Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
USDJPY Short: Wave 3 of 3 of 3Update to the EW counts for USDJPY. It is still a short but stop can now be adjusted to 143.70.
AUDCAD | Double Top RejectionThe double top rejection mentioned in the last post. We can see that price topped out at 0.90 and is now retesting the breakout from the last swing low.
AUDCAD | HnS Pattern | 500pips DownPrice action has continued selling off after retesting the previous breakout below the neckline and will be looking to hit another 500pips+
When looking at local price action on lower timeframes the double top rejection at ~0.90 has entered a distribution phase which is signaling price to fall further with the first target at 0.88 and so on.
For price to hit the last target around 0.855 I would like to see a break first then a retest/distribution phase.
SPY 1HR Pullback to Volume Buy Zone Before Bullish ContinuationI’m watching the 588.52–589.94 range as a high-probability buy zone on the SPY 1-hour chart. This zone aligns with a strong volume shelf, indicating prior institutional accumulation and heavy transaction flow.
After a sharp move into the 591s, we’re seeing some hesitation and potential for a healthy pullback. The plan is to wait for price action to return to the buy zone, show signs of strength (e.g., hammer candle, strong bounce), and look for a continuation toward the previous high of 593.46 and possibly higher.
🔹 Buy Zone: 588.52–589.94
🔹 Volume Profile Support: High node at ~589
🔹 Resistance: 591.12 short-term, then 593.46
🔹 Stop Loss: Below 586.76 to avoid false breakouts
🔹 Target: 593.50+ with higher timeframe continuation in mind
