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!

snapshot
Comment: It did happen!
yep retesting ! :) thx for update
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Piet.Hein king.cholette
:)
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congrats Piet! ;)
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:D thanks friend!
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I WAIT FOR LONG
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me too, waiting the neckline breakout
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Looks good
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:)
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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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