Bearish Head & Shoulders on the EURAUD pair.
You can sell on a market order.
Stop Loss above the head of the pattern with a few pips to spare in case of volatility.
Take profit 1 at the AB=CD formed by the head, neckline, right shoulder and take profit 1 target.
Take Profit 2 is the height of the pattern extended downward from the neckline.
Good luck!
Feel...
We see a formation of a bearish Head & Shoulders on the USDCAD currency pair.
We place a pending order (Sell Stop) below the neckline.
Take Profit 1 is point D of an ABCD harmonic pattern which can be a possible reversal point. It starts from the Head, neckline, right shoulder and finally TP1.
Take Profit 2 is the height of the pattern: Head to neckline -...
Bullish Head & Shoulders on the GBPUSD.
We see the formation of the H&S pattern on the chart.
Both shoulders rest on the same level.
On 15 minute time frame you can see bullish price action at the right shoulder level.
Suggested Trade Parameters
Place a pending Buy Stop order above the neck line.
Place the stop loss below the Head of the pattern.
Take...