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HOW TO TRADE MOVING AVERAGES WITH PRICE ACTION

 

Head And Shoulder Chart Pattern Forex Trading Strategy

The head and shoulder chart pattern forex trading strategy is a price action strategy. The head and shoulder chart pattern is based on a reversal pattern that is mostly seen in uptrends and in here, you will learn how to trade this pattern by learning to recognize this pattern when it starts to form and then trading it. The head and shoulders forex trading strategy is the opposite of inverse head and shoulders forex trading strategy. WHAT IS THE HEAD AND SHOULDERS PATTERN AND HOW DOES IT LOOK LIKE? The head and shoulder chart pattern can form in any time frames, from 1 minute up to the monthly time frame. But do you know what it looks like? Well, here’s a chart of what a head and shoulder chart pattern looks like in an ideal case: But in the forex market, you see head and shoulders patterns that look more like this: Or this: WHAT CAUSES THE HEAD AND SHOULDER CHART PATTERN TO FORM? Price does not continue rising all the time or falling all the time. There will be times when it will reverse and go in the opposite direction. So, if the market is in an uptrend, it […]


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