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Invertedheadandshoulders

POSITIONAL LONG IN BANKBARODA!!(DEC FUT)!!POSITIONAL LONG IN BANKBARODA VIEW -EARLY I HAVE MENTIONED IN MY OTHER POST THAT PSU ARE IN DEMAND -STOCK IS BREAKING OUT OF ROUNDING BOTTOM AND INVERTED HEAD AND SHOULDER PATTERN -FIRST IT WILL FIND RESISTANCE AT 200-DMA -IF BREAKS WE ADD MORE -IF FAILS WE BUY ON PULLACK TO 102-14 LEVELS FOR BIGGER TARGET TRADE VIEW DEC FUT BUY@104.5 STOP@100 TARGET@110 LOT:4500 QTY:2 -THIS IS A MOMENTUM TRADE WE ARE WAITING FOR BREACH OF 200-DMA FOR POSITIONAL TRADE
NSE:BANKBARODALong
by manavtechresearch
USDJPY waits necline breakout of inverted H&SUSDJPY has formed a classic inverted head and shoulder pattern on a daily basis. The prices are trading very close to the neckline and we might see a breakout soon. furthermore, the weekly chart has formed a bullish engulfing pattern as well that supports the bullish argument. Like always, the price can take two paths, the first one is highlighted by the blue arrows - neckline breach (sustains on a daily basis) to reach the first target of 110.472. If the prices sustain above this level, it will go for the next 112.00 hurdle. If this happens, we will have 107.00 as the stop loss. The second path is shown by orange arrows with prices first testing the tip of the second shoulder and then taking a breakout from the neckline. Either way, prices are headed for the 112.00 and in both cases, we will enter only when the neckline is breached and sustained.
Long
by forexnoobmaster007
1
Inverted H&S, second shoulder still under creationThe price movement of the pair is forming an inverted head and shoulder pattern with the second shoulder in the midst of formation. We can enter a buy position from the current level with stop loss at the crest of the shoulder at 107.868 till the first target at 109.493 which is also the neckline. After the prices breach the neckline, TP 2 and Tp 3 will activate. As you can see the movement of the price can take two approaches. The first one is the price consistently moves above to Tp3 like the blue arrows show. Or the price can take the second route, where the price witness pullback after Tp2 is hit before it targets Tp3 as shown by the orange arrow.
Long
by forexnoobmaster007