Reverse H&S pattern being forged // 4h chart Short

Gold/U.S. DollarFXCM

Description

⋅ Jun 23, 2015 12:20 PM

Good holding of 1.618 ratio between head and shoulder;
Shoulder at 1180 area;
If break through 1180 H&S will fail (signal of downward trend continuation). H&S target points at 1220 area.