Dear Traders,
Following on from previous chart,
1.today the head is fully formed for the head and shoulders pattern
2.we have broken the yellow support (good sign)
3.we wait for the retest area to form the right shoulder
4. Only IF the right shoulder is confirmed by multiple wicking candles either 4hr or 30min it is valid
5.you can enter at his area short at that moment with stop loss above it to the next key level
6.take it level by level as indicated in chart
7. you can play the upswings applying stop losses along the way
8.note the TIME this can take for each area to form (do not expect straight lines!)
9. beware this thing rips so small size with stop loss at key levels is where to enter do not enter at random areas cos you feel like it!
10. congrats to anybody who caught the head forming - add your stop loss 10 pips above that
Good luck
Following on from previous chart,
1.today the head is fully formed for the head and shoulders pattern
2.we have broken the yellow support (good sign)
3.we wait for the retest area to form the right shoulder
4. Only IF the right shoulder is confirmed by multiple wicking candles either 4hr or 30min it is valid
5.you can enter at his area short at that moment with stop loss above it to the next key level
6.take it level by level as indicated in chart
7. you can play the upswings applying stop losses along the way
8.note the TIME this can take for each area to form (do not expect straight lines!)
9. beware this thing rips so small size with stop loss at key levels is where to enter do not enter at random areas cos you feel like it!
10. congrats to anybody who caught the head forming - add your stop loss 10 pips above that
Good luck