reobillionaire

reobillionaire

So as the AUDUSD form H&S I would like to short it but i have doubts because there are trendlines just below. I wil short it once it breaks out the trendline

reobillionaire

So reversal H&S seems like forming above of 143.00 which proves that 00 line is working as support so buy it once the chart has same shape as my drawing and TP at highest price

reobillionaire

So as you can see the chart.this H&S is very trustworthy because -It has formed after hitting the resistance 1.32 so which means that it is quite functional. -It has broke out the trendline which was going on for a month -USD seems strong which pulls down this pair So short it after the price clearly breaks down 1.305

reobillionaire

So as the price is below the strong resistance of 0.69 and price has been roaming there,it would be better to think about shorting this as the H&S i drew but entry when the price breaks out the neckline. if the price has gone up without forming H&S,do not entry since resistance of 0.69524 is very near.Buy after it breaks out that resistance

reobillionaire

So two possibilities are there -short if the price fail to break out upward and form H&S.I would really like this pattern since it could be high winning rate and high RR -Buy if the price successfully break out upward and pulls back to touch trendline.

reobillionaire

So right now as the price broke out 125.00,Time for bull. But buying right now will give you bad RR and possibility so as i drew and wrote in the title buy when the price pull back. -BUY if the price pull back to 125.00 and touch the trendline

reobillionaire

So as you can see EURUSD has been in range for while. -short this range till the resistance i have pointed. -shorting reason would be -failed to breakout 1.1475 so it confirms the range existance -the break out of uptrend parallel line and break out of resistance at 1.14 line TP at 1.3570

reobillionaire

-If the price has break out,that is the time when bull gonna start.Buy the pullbacks as i draw -If H&S has form in short term such as 15 mins chart.Short it till the lower trend line

reobillionaire

As 0.69 a strong line,breaking out of it will decide the trend. Long if it hits the trendline

reobillionaire

So as long as AUDJPY broke the strong resistance which is 78.66 and we back into the uptrendline channel. Long IF LARGE positive line has formed in 4H chart.

reobillionaire

So as you can see there is down trend line which is pretty functional for now. Breaking it causes risk on and we should BUY

reobillionaire

as 55 is strong resistance,Buy oil after breaking out of it clearly with confirmation of 4H candle stick

reobillionaire

So as you can see last Friday,The price has stopped at 125 where is V strong resistance. EURJPY has been in range for last week but it will be bull if only they break up 125 line. Long if it clearly break out with 4 hour candle confirmed but after some pull back which touches 125 line AS SUPPORT.

reobillionaire

So as you can see it is forming H&S below the strong resistance which is 115 line. when the price goes up to the same level as left shoulder it is time to short. TP at 1.13 because it is quite strong support. Enter again if they break out 1.13

reobillionaire

So we can see that they broke out the H&S right shoulder. when H&S get neglected we normally long them but in this case there is one possible H&S to appear after hitting the upper channel parallel lline and form as RIGHT shoulder. but for now just long them.Moment they break out 21000 that is bull trend.

reobillionaire

As you can see it has broke out the downtrend parallel line which likely meaning the conversion of the trend. This short term uptrend seems to continue since it has rebounded at the Fibonacci level of 0.236 after the pull back as i circled. However fundamentally,I doubt the start of bull trend since next week theres gonna be FRB conference to decided whether to...

reobillionaire

So as you can see in DAILY chart,it is obviously drawing H&S. I assume that it is quite strong and recommend you guys to short it after breaking out the neckline clearly,however there is a big uptrend channel line just below so try to tp there.

reobillionaire

so as you can see in my chart that it has broke out the pennant which makes it BULL trend(the red line) but crossing down 109 means tthat it breaks down the pennant and the latest lowest price so it will be converting the trend.