Trading Patterns for Beginners Part 1.
I started trading 💹 this year, 2021, It's been a challenging journey. At some point it seemed like I was in deep water with no idea of what I was doing.
Learning how to trade with trend was an idea start.
There are many trading patterns but mastering the Head & Shoulder pattern for me was a turning point from consistent loses
So I feel it's a good place to start.
The Head and Shoulder pattern is broken to two ✌🏻
1. Head & Shoulder
2. Inverted Head & Shoulder
1.
Head & Shoulder is formed when your price chart looks like an (M) and works as a pattern to identify a sell setup.
You sell once you see the shaping of the 1st Shoulder & Head.
Also you buy at the 2nd part of the Shoulder.
Head & Shoulder: SELL ONLY
Inverted Head & Shoulder look like a (W) also functions the same but we look for a buy setup at the 2nd Shoulder.
Inverted: BUY ONLY
Read more on this using link
Learning how to trade with trend was an idea start.
There are many trading patterns but mastering the Head & Shoulder pattern for me was a turning point from consistent loses
So I feel it's a good place to start.
The Head and Shoulder pattern is broken to two ✌🏻
1. Head & Shoulder
2. Inverted Head & Shoulder
1.
Head & Shoulder is formed when your price chart looks like an (M) and works as a pattern to identify a sell setup.
You sell once you see the shaping of the 1st Shoulder & Head.
Also you buy at the 2nd part of the Shoulder.
Head & Shoulder: SELL ONLY
Inverted Head & Shoulder look like a (W) also functions the same but we look for a buy setup at the 2nd Shoulder.
Inverted: BUY ONLY
Read more on this using link