Piet.Hein
Long

Possible Inverted Head and Shoulders on GBPUSD

FX_IDC:GBPUSD   British Pound / U.S. Dollar
1233 18 55
Wait the neckline breakout to buy it.

Here is the AUDCHF             one:

Comment: Its testing the neckline right now!

Comment: It did happen!
yep retesting ! :) thx for update
Reply
Piet.Hein king.cholette
:)
Reply
congrats Piet! ;)
Reply
:D thanks friend!
Reply
I WAIT FOR LONG
Reply
me too, waiting the neckline breakout
Reply
Looks good
Reply
:)
Reply
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.
Reply
nice comment mate! Thanks for the words, yes I will only trade after the neckline breakout, so far Im just watching.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out