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AariTech
Jul 22, 2019 10:23 AM

Awaiting bounce from support after pullback ends Long

British Pound/U.S. DollarFXCM

Description

Possible head n shoulder formation , Look for strong support , long on confirmation in lower time frame near 1.2450 area
Comments
CopyTrading
it worked out , but moved lower first .. anyways good idea ..thanks
Aleksin_Aleksandar
I am in buy
anas-nfs
can you explain whats head in shoulder mean in stock
AariTech
@anas-nfs, A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
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