FX:XAUUSD   Gold Spot / U.S. Dollar
Head and shoulder pattern on h4 spotted sell the breakout after the latest trend line . Don't forget to use stops ( use stops where you are flexible with them )
Trade closed with 250+ points
Put sl at cost and wait for the targets
*on the way wait for it now
tip: never ever trade an uncompleted pattern. its not called H&S until it's completed.
ZainSaeed saalaah
@saalaah, its is just an indication if you think it is not complete pattern then i am not saying it is neccessry to trade you can ignore it, but it is on the way let see
Just a tip. I’d be bullish if I were you...
ZainSaeed patrickwcobb
@patrickwcobb, yes you are not me and i am not you. On a same price you could be buyer and i could be seller and one of us could be right. i might be you also.... i trade what i see not what i think
This is incorrect. If it is even a potential H&S, the Left shoulder would have occurred in January. The previous upswing. Neckline would slope down if left shoulder is as you indicate.
ZainSaeed patrickwcobb
@patrickwcobb, let see it is just an edge to trade on why do you think it is something i am sure about ?
*In order to make money you have no need to know what is going to happen next.
patrickwcobb ZainSaeed
@ZainSaeed, I’m just trying to help you pal. The pattern you’re showing is technically incorrect.

Could be head and shoulders but your neck line is not correct..
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