Headshoulders
USDJPY Head and Shoulders PossiblyThis might be the move I had been anticipating. This would be great if it played
out this way. For now this is still only a premise and we need to see a strong sell off
here to take it to new recent lows. A new low would support this hypothesis.
The pennant idea I had about the USDJPY did not play out which is a good thing
because the majority of the times a contracting pennant is a continuation pattern
and therefore we would have new highs in USDJPY. If we saw head and shoulders
in most asset classes in December (check my charts out as I called them correctly(
as bearish selloffs then it would make sense that we would see both bottoming
head and shoulders and in flight to safety assets we would see them as topping patterns.
LTCUSDT head and shouldersThe price is testing the support after a breakout from the rising wedge as I told you during the previous idea. The market printed a head and shoulders as well and now the price is testing its neckline as new resistance.
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
MKRUSDT head and shouldersThe price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$
Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Head and Shoulders on BTCUSDT BitcoinBased on technical factors there is a long position in :
📊 BTCUSDT Bitcoin
🔵 Long Now 20800.00
🧯 Stop loss 18700.00
🏹 Target 1 25000.00
🏹 Target 2 29000.00
💸Capital : 1%
We hope it is profitable for you ❤️
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EBS - Head and Shoulders Pattern, Weekly1/1 line is a major Trend line
Using the Fib circles the H&S pattern becomes more evident with the LS being rejected at the 1 level
The H being formed at 1.618
and the RS being formed in the aftermath of the H formation
I expect more downsides on this weekly timeframe until the strong support level is reached, which coincides also with the 1/2 Gann level
NZDUSD 1HR INVERTED HEAD AND SHOULDERSHello, I am seeing a possible continuation of the current short term upward movement of the NZDUSD, as you see we have a broken channel and a possible inverted head and shoulders whose neckline has recently been broken. So am currently in a short term uptrend prediction.
Head and Shoulders pattern on BTCUSDT BitcoinBased on technical factors there is a long position in :
📊 BTCUSDT Boitcoin
🔵 Long Now 29500.00
🧯 Stop loss 24700.00
🏹 Target 1 32000.00
🏹 Target 2 34400.00
🏹 Target 3 37000.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝