breaking down head & shoulders pattern

just wait for valid break of neck line and after a pull back to the line, open a short position and our first target will be around 0.290

Trade active:

pullback is completed and neckline is touched! we can now open our position

Trade closed: stop reached:

the head and shoulders pattern is failed and our stop loss point is touched.

note: there is always a possibility for any pattern and analysis to be failed but if you use a logical and accurate stoploss you are completely protected from losing money.