Piet.Hein
Long

Possible Inverted Head and Shoulders on GBPUSD

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
1231 18 55
Wait the neckline breakout to buy it.

Here is the AUDCHF             one:

AUDCHF forming possible Inverted Head and Shoulder
Comment: Its testing the neckline right now!

snapshot
Comment: It did happen!
PPPP ...Patience Pays Pretty Profits ;-)

...good job man!
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hahahahhaha for sure, thanks
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Thanks Piet.... On my radar...
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Piet.Hein HumphreyNR
:D
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Congratulations! Your chart has been selected to be highlighted as the post of the day. Both charts are excellent examples of developing reversal patterns.
+1 Reply
Piet.Hein walker.england
thanks :)
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Could be correct...on my Radar also. Thx. good work.
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Piet.Hein Peterdl11
:) thanks
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It is interesting that Great Grandmaster Richard Schabacker uses the term "inverted" to describe formations occurring in the inverse order in time, and not in price. I know this formation is here and there called an inverted or inverse H&S, but I also prefer the master's way and call it a head-and-shoulders bottom. As for the analysis, yes, this formation indicates a reversal possibility. But given the circumstrances, there is a good deal of resistance ahead, and I believe it is highly unlikely that the market will break it upwards. So trading the right shoulder is highly risky here. But if the neckline is broken, that will have been a sure thing.
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nice comment mate! Thanks for the words, yes I will only trade after the neckline breakout, so far Im just watching.
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Looks good
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:)
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I WAIT FOR LONG
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me too, waiting the neckline breakout
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congrats Piet! ;)
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:D thanks friend!
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yep retesting ! :) thx for update
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Piet.Hein king.cholette
:)
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