Complex Head and Shoulders Pattern on 4 Hour Chart. Possible pullback on neckline. Breakout distance below neckline is around 155 pips. Successful Trading!
Left shoulder and head have been formed on the 4H chart of @USDJPY pair.
Waiting for the right shoulder to be formed, the base line to be broken and retested then going long.
Enterance will be around 115.50.
The goal is arround 118 as it's the previous high and it's equal to the destination between the head and the baseline.
Good luck!
I see a triangle here after the break out of the head & shoulders formation formed over the last days.
I think the chance of a break out to the top is more likely so I will stay in my trade I opend at 2083 and wait what will happen.
If it breaks out to the upside I assume the targets of 2108 for the triangle and for the head & shoulders formation around 2115. I...
The S&P500 shows a nice reversal head and shoulders formation on the chart.
The S&P is moving in an uptrend for the last days and weeks. I think this formation shows good that the trend will continue after a pullback.
The neckline of this formation is also at the 38.2 fib level of the last upside move. So I expect a short term price fall back to 2083 +/-. And...
