Head & Shoulders

The Head & Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern.

If the price breaks the neckline and closes below it, the pattern is complete. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head & Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
Trading_Jazz Trading_Jazz USDCHF, 120, Short , 17 hours ago
USDCHF: (2h) Bearish "kind of" Head & Shoulders & Bullish Cypher below
215 0 19
USDCHF, 120 Short
(2h) Bearish "kind of" Head & Shoulders & Bullish Cypher below

FX:USDCHF Bearish Breakout, Bullish advanced pattern as eventual behavior... https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/ Safe Trades;

daytradersfx daytradersfx PRO EURGBP, D, Short , 14 hours ago
EURGBP: HUGE Head and Shoulders - 370 pips
182 0 10
EURGBP, D Short
HUGE Head and Shoulders - 370 pips

So far loving this set up, it goes nicely with the GBPCHF long term chart posted yesterday. The head and shoulder patterns on both of these look great, if these can play out 300-500 pips on both will be fairly easy to grab. Conservative price projection puts a neckline break down to at least .7980 area, the neckline break out area is currently around .8350 so ...

BethZu BethZu EURUSD, 60, Long , a day ago
EURUSD: Head and shoulder pattern...
54 2 7
EURUSD, 60 Long
Head and shoulder pattern...

What u think guys???

forexqueenpk forexqueenpk EURUSD, 60, 18 hours ago
EURUSD: EURUSD INTRA DAY - INVERTED HEAD AND SHOULDER SPOTTED.
47 0 9
EURUSD, 60
EURUSD INTRA DAY - INVERTED HEAD AND SHOULDER SPOTTED.

It looks like that an Inverted Head&Shoulder pattern is under development on intra day charts (60 Min) for $EURUSD, break above 1.0570 can lead #eurusd to move quickly towards 1.0670-80 #FXQRESEARCH, #FOREX.

Moshbi Moshbi DXY, 60, Short , 13 hours ago
DXY: DXY - short setup
35 0 8
DXY, 60 Short
DXY - short setup

Hi traders, here is opportunity to sell DXY. Recently price broke the head_and_shoders neck line and as well broke double top (right shoulder), and i am waiting when price come back to the 61,8 %. I dont trade DXY, so i am not going to sell it, but anyway this is good short setup.

FOREXatFOREX FOREXatFOREX USDJPY, 240, Short , 16 hours ago
USDJPY: USDJPY
64 0 7
USDJPY, 240 Short
USDJPY

Technically head & shoulder complete but i am in favor of selling.

forex_empire forex_empire PRO DXY, D, Short , 15 hours ago
DXY: DXY
53 0 7
DXY, D Short
DXY

HEAD & SHOULDERwww.ForexEmpire.net

andiaggega andiaggega GBPJPY, 240, Short , 15 hours ago
GBPJPY: GBPJPY SELL OPPORTUNITY H&SH FORMATION WAITING FOR BREAKOUT
51 0 7
GBPJPY, 240 Short
GBPJPY SELL OPPORTUNITY H&SH FORMATION WAITING FOR BREAKOUT

HEAD AND SHOULDER FORMATION WAITING FOR TRENDLINE BREAKOUT TO GO SHORT ALSO GBPJPY THIS DAYS IS BEARISH PAIR SO THIS IS A GOOD OPPORTUNITY TO EARN 100 PIPS !

patrick186 patrick186 PRO NG1!, W, 10 hours ago
NG1!: NGAS H&S formation
59 1 3
NG1!, W
NGAS H&S formation

Follow up to first NGAS post.... We appear to be stalling at support (aug 16' and nov 16' lows). High probability we head back up to test the fibs and 200/250 ema to form a right shoulder. Should test Feb 16' low

melvinljw melvinljw USDJPY, 240, Long , 4 hours ago
USDJPY: Long USDJPY
46 2 3
USDJPY, 240 Long
Long USDJPY

Inverse H&S Long : 112.7 TP : 118.4 SL : 111.45

how_to_trade_sa how_to_trade_sa USDZAR, D, Short , 20 hours ago
USDZAR: Are we going to R9.4 to the Dollar? Within a year from today?
62 0 6
USDZAR, D Short
Are we going to R9.4 to the Dollar? Within a year from today?

Let's cut our pessimistic views of South Africa and just look at the chart. Both the 200MA and 50 MA pointing downards. No signs of a RSI divergence. Crossed the 13 line of value / resistance Head and shoulders / Descending triangle target is 9.41 Retest of the 13 and rejected

FaisalAlSawadi FaisalAlSawadi PRO USDCHF, 60, Short , a day ago
USDCHF: Short after breaking the H&S
67 0 6
USDCHF, 60 Short
Short after breaking the H&S

I will go short after breaking the nick line of the current bearish pattern H&S

jamespwu jamespwu PRO NVDA, 120, 15 hours ago
NVDA: nvda potential head and shoulders
41 0 6
NVDA, 120
nvda potential head and shoulders

It breached the 50 mva the first time on the daily. First major support around 100

MuhamadHishamKhalil MuhamadHishamKhalil DXY, 60, Short , 15 hours ago
DXY: USD Index sell setup
26 0 6
DXY, 60 Short
USD Index sell setup

after breaking neckline of head & shoulders pattern we put sell order on DXY as showed on chart. 2 targets : 100.83 / 100.59

Davtyan Davtyan USDCHF, 15, Short , 18 hours ago
USDCHF: USDCHF possible sell
15 0 6
USDCHF, 15 Short
USDCHF possible sell

Watch for breakout of this possible H&S pattern which will indicate a corrective move to the downside.

cemfx cemfx PRO USDCHF, 60, Short , 17 hours ago
USDCHF: BEWARE! A scary monster has appeared on our USDCHF charts!!
113 0 4
USDCHF, 60 Short
BEWARE! A scary monster has appeared on our USDCHF charts!!

For you pattern traders out there the ghouly and ghastly head and shoulders goblin reared its ugly head in USDCHF! He is determined to take this pair down! Look out below!

AhronS AhronS EURUSD, 240, Short , 9 hours ago
EURUSD: LONG TERM Buy opportunities for EURUSD
49 0 5
EURUSD, 240 Short
LONG TERM Buy opportunities for EURUSD

Inverse head and shoulders with lv 1 rise. No US news may reverse short term for weekend close so if it falls and doesn't move much over Friday then rebuy sunday or Monday

FaisalAlSawadi FaisalAlSawadi PRO GBPCHF, 60, Short , a day ago
GBPCHF: Short after breaking nick line on GBPCHF
39 0 5
GBPCHF, 60 Short
Short after breaking nick line on GBPCHF

Bearish H&S pattern, completed after breaking the nick line..

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