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Neckline

USDHUF - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again. Trigger => Waiting for a momentum candle close below the gray neckline to sell. Until the sell is activated, USDHUF would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
12
A scale in opportunity & an entry if you missed the 1st impulseHello there traders 1-We can see a strong uptrend of the price since the beginning of 2021 2-A double top 3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend 4-Sells were taken at the retest of the neckline & 0.5 Fibonacci 5-First TP achieved 6-Waiting for a scale in opportunity if the price retraces back to the area of interest ( Previous S turned R - 0.382 Fibo - 3rd touch on the descending trendline ) and shows rejection *** Although I expect the pair to go beyond the target to reach the Violet colored Long-term ascending channel ,I'd rather take profits at the area around 1.92 and if bearish signs persist I may extend the last TP to around 1.9 with the position running risk-free Thanks for your reading and trade safe everybody
Short
by kimozelghonemy
2
USDCNH | Perspective for the new week | Follow-up detailsWe witnessed a 1,000pips run in our direction since my last publication on this pair (see link below for reference purpose) and the confirmation of reversal set-up at the Breakout of Neckline (CNY 6.39500) during last week trading session is the final straw that broke the camel's back for me. Higher US bond yields and hawkish Fed expectations shine the light of hope on the Greenback and we could witness a continued bullish momentum as investors brace for the Fed's meeting next week. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom) Observation: i. It has been a mix of Bearish momentum for the USD since the beginning of this year. ii. Finding a bottom twice at CNY6.36800 within the month of October 2021 - this level in recent time sharing memory for Demand (May 2021) could be an opportunity to take advantage of a short term rally. iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern describing a change in trend and a momentum reversal from prior leading price action may not be a coincidence. iv. And since testing the demand zone the second time, the price continued to find higher highs that culminated in a Breakout of Neckline @ CNY6.39500 on Friday to signify the potential direction majority might be heading in the coming week. v. With this development in place, it will be appropriate that we take advantage of this potential rally at the retest of Neckline. vi. The early hours/days of the new week might witness a further plunge in price to test the Neckline @ CNY6.39500 or below to incite Trend continuation. vii. Hence, above the Neckline remains a comfortable level to take a long position on this pair. NB: Please note that the narrative so far supports a temporary bullish momentum and this is so after putting into consideration the long term downtrend perspective... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 2 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
H&S break of neckline and retestA very promising shorting opportunity at EUR JPY after a recent H&S pattern formation. Targets above the right shoulder and targets around the 130.91 level as this is a level where the price consolidated in the past. We also have the 50% retracement confluence after taking into consideration the most recent swing high to swing low. If we pay attention to the RSI we can also notice the price has recently went into the oversold territory which relates to a push to the upside and a retest of the neckline is likely - this will offer a better opportunity for entry.
Short
by Rafal001
USDCHF | Perspective for the new weekThe probability of the Greenback to do a substantial drop in the coming week(s) seems to be high following the appearance of a reversal pattern in the structure of a Head and Shoulder on the Daily chart. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. As far back as 2010, It is interesting to observe how the Fr0.92400 zone has been a major determinant of the direction of price action as soon as it is broken or tested (See your weekly chart for reference purposes). ii. Since the price broke above the Key level @ Fr0.92400, it has been difficult for buyers to continue with the same momentum as the Fr0.93700 level was met with sharp rejections that led to lower highs. iii. Head & Shoulder: a baseline with three peaks, where the outside two are close in height and the middle is highest. iv. The appearance of a Head & Shoulder at this juncture in the market describes a specific chart formation that predicts that a bullish-to-bearish trend reversal is imminent. v. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline which is also a significant Key level in the coming week for confirmations. vi. This being said, the early hours/days of the new week might see a rise into the New Supply level indicated on the chart before the decline begins. However, it is most comfortable to have a position below the Neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
Ankr Moontides SeasonTraders if you have been wondering what is going on in the market. Hyper Inflation ... aka wave 4/5 - Hyper Inflation empirically happens very fast. - Research news about the current federal reserve situation. Chart - Double Bottom formation pattern. - For a double bottom formation to be complete it must first must make a higher low. - Second, make a higher high - Third, break previous resistance neckline in fashion. What is there not say about Ankr. Cross Chain pioneer.
BINANCE:ANKRUSDLong
by AthenticWhale1
2
BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead. price need to retest Fibonacci levels and at least 0.38%. Targets and supports ahead : A. 42500 B. 40000 C. 37300 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
48
Golden Cross & Kumo Twist FET/BTC #FET $FET #FetchAIHere we see our FET daily chart with that beautiful pump from yesterday . The neckline ( in red ) of our Adam & Eve Bottom has been hit and once we can consolidate for further upside we should hit that 1900 area which was the target of the Adam & Eve bottom. But also notice there are some other bullish indicators right now on this chart . We have a small Golden Cross happening with our light blue 50 MA line crossing up through our dark blue 200 MA line - and that should happen later today.And we had a Kumo twist on our Ichimoku cloud which has now gone from red to green. Everything is looking great with this chart ! I'll do an updated Gann Fan chart for FET very soon . Because FET has really been respecting it ! My Adam & Eve bottoms idea is linked below . Thank you !
Long
by shimmeringpath
5