possible head and shoulders and major resistance

So this is an interesting one: a possible head and shoulders completion if price of course drops to 0.85204
At this moment we can see we are facing some major resistance at the 0.85633 level making it interesting to look for a opportunity to go short.

You might notice my neckline is pretty straight, personally I like to have it as horizontal as possible. On the 60 min chart this might look a bit strange as I seem to ignore some candles, but if you check the 240 min chart you will see I look at the close of the candles for this one.
This makes my overall potential profit a bit less then when taking the wicks but that is just something that works better for me :)

Good luck!
Order cancelled: As the price didn't hit our entry point and the head and shoulders is not valid anymore this trade setup has been cancelled

No entry, no trade, no loss :)


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out