Timing is key
Short

GBPUSD 60 - Head & Shoulders with a Twist!

FX:GBPUSD   British Pound/U.S. Dollar
585 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
URIFX
2 years ago
Great! I love every single idea you posted! Thank you so much!
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Timing is key URIFX
2 years ago
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
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Technician TOP
2 years ago
I also think you have a unique and structured approach, keep it up :)
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Timing is key Technician
2 years ago
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
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Timing is key
2 years ago
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
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Timing is key Timing is key
2 years ago
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

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