Piet.Hein
Long

Possible Inverted Head and Shoulders on GBPUSD

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
1228 18 55
8 months ago
Wait the neckline breakout to buy it.

Here is the AUDCHF             one:

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

snapshot
7 months ago
Comment: It did happen!
forker PRO
8 months ago
PPPP ...Patience Pays Pretty Profits ;-)

...good job man!
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Piet.Hein forker
8 months ago
hahahahhaha for sure, thanks
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HumphreyNR
8 months ago
Thanks Piet.... On my radar...
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Piet.Hein HumphreyNR
8 months ago
: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
8 months ago
thanks :)
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Peterdl11 PRO
8 months ago
Could be correct...on my Radar also. Thx. good work.
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Piet.Hein Peterdl11
8 months ago
:) thanks
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Csys
8 months ago
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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Piet.Hein Csys
8 months ago
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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Lanmar PRO
8 months ago
Looks good
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Piet.Hein Lanmar
8 months ago
:)
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makis
8 months ago
I WAIT FOR LONG
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Piet.Hein makis
8 months ago
me too, waiting the neckline breakout
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Prome PRO
8 months ago
congrats Piet! ;)
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Piet.Hein Prome
8 months ago
:D thanks friend!
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king.cholette
7 months ago
yep retesting ! :) thx for update
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Piet.Hein king.cholette
7 months ago
:)
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