Head and Shoulders Pattern

[FarrisFahad]

Click Here ...

This would help you reading the chart ...

[mr.gardner]

Here you are one real example that I traded on SILVER


Beautiful, ah ? I really like trading on patterns… this is the best way to make money on the FOREX. This is what I think. Patterns rarely occur but you do not need anything more than 6-7 profitable trade per year. Around 300 pips with 200*000 – 300*000 untis…

[Enivid]

Nice. But to me this H&S doesn't look very clean. I'd probably skip it even if I watched H4 silver.

[mr.gardner]

I entered this position because I spotted the figure in different time frames…
You can see on the picture clearly that there is divergence on the shoulders. The figure is very clear. I had success with much more unclear h&s. Of course, it is good to enter a bit later but to be sure that the price brake the head line.
Also the MACD give signal for up trend, as well.



Good Luck!