Tradesy1

Bearish Head & Shoulders Pattern (1H)

Short
FX:EURUSD   Euro / U.S. Dollar
There are many interpretations of the Head & Shoulders Pattern.

After much research and back testing I have created a simple process using bespoke levels to objectively identify and trade the pattern.

Through extensive research into Harmonic patterns (in particular the Butterfly ) I have discovered how to accurately predict where the H&S pattern will occur.

The Butterfly Pattern Forms the structure of most H&S patterns.
Comment: This is an Aggressive entry with a higher risk of failure than the second.

Conservative Traders prefer to wait for the second entry which occurs on the retest of the Neckline (100%) after a candle close below it.
Trade closed: target reached

Comments

A very good trade @Tradesy1
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Tradesy1 ridethepig
@ridethepig, Thank you
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