and i have also checked us dollar index , the bottom head-shoulder structure applies there. and that index has double head-shoulder structure , 3 shoulders, small head-shoulder in 1 shoulder , i think big move. i will put all money on shorting s&p or aud after his gu trade
Please don't put all your money on a trade. As for the head and shoulders, try to understand where it is happening, it is not in itself a trade setup. For example, I know some people that got trapped on this one and it was clear it wasn't going nowhere. As for this pair, I agree that may go lower, I'll reanalyse once it hits the bottom of the channel probably by the end of the weel. The next chart is not related, just a 4H timeframe head and shoulders that trapped many people.