Timing is key
Short

GBPUSD 60 - Head & Shoulders with a Twist!

FX:GBPUSD   British Pound/U.S. Dollar
586 6 11
Hello all,

Spotted a skewed H&S Pattern for a shorting opportunity, Notice that we have a mini 5 count coming into the right "Shoulder of the Pattern". Also notice that the Left & Right Shoulders are showing symmetry with the "H" Peak to Low Centre Line. I have two potential targets with good R:R. Let's see how this unfolds.

Sincerely,

TIK

PS: Also note the mini expanding pivot yet to break the centre line
Direct Hit on 162750 at the Green Multi -Pivot Centreline Excellent TP area. Expect more downside as the Neckline (0-4 CL) has been broken ( Notice how the market after passing the purple line pulled up to Test then dropped violently ( Excellent Shorting Area ). Waiting for a break of the downward green C/L then a pullback Entry again.

Sincerely,

TIK
Reply
Timing is key Timing is key
Took a while, however got the pullback to the green centreline....Next target is the lower green parallel, then the lower purple parallel will complete this move, As we speak you are at 8:1Risk/Reward. Notice the Pullbacks to these powerful green & purple center lines excellent areas to exit longs and/or enter shorts ( keeping with a short bias ).

Sincerely,

TIK

Reply
I also think you have a unique and structured approach, keep it up :)
Reply
Timing is key Technician
Thankyou Technician,

I appreciate your comments and I am a BIG fan of your professional analysis, trade setups & execution. I am committed to discovering new opportunities and sharing my views and techniques for the benefit of everyone here on tradingview.com.

Sincerely,

TIK
Reply
Great! I love every single idea you posted! Thank you so much!
Reply
Thankyou URIFX!

Went horizontal during the Asian Session and a Quadrupal Top before falling away again, I have identified the new action point & corresponding reaction point which the market is now respecting.....Notice the steepness of the downward angles which indicates good liquidation moves to the downside when price meets them:) Waiting for the market to break the skewed horizontal Neckline & Multi Pivot Line for a good chance the market will reach the psychological 161000 area, good profits so far.

Sincerely,

TIK

snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out