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Profound_Ambition
Dec 4, 2017 8:04 PM

EURGBP DAILY Long

Euro Fx/British PoundFXCM

Description

Potential inverse head on shoulders pattern rejecting daily support around 0.87500-0.88000. Looks ready for potential buy opportunities

Comment

Comments
khalidaldarawy
it looks like the shoulders have the same lows as the head, shouldn't they have a HLs than that of the head to be an invalid pattern? does this affect the strength of the pattern? and nice analysis BTW as always.
Profound_Ambition
@khalidaldarawy, yeah thats ok that the head is the same length as the shoulders I back tested this look before it worked out, & thanks! :D
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