HEAD AND SHOULDERS CHART FORMATION

In this example, we can easily see the head and shoulders pattern formation that appears on the chart.📊

A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal.🕯

It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder).➕

A “neckline” is drawn by connecting the lowest points of the two troughs. And when spotted on the chart, they tend to play out exceptionally well when understood.✔️

Why I considered the SELL on the first setup?

Gold gave us around 40 pips reaction from our zone, but unfortunately buyers came back stronger and pushed price up

➡️M15 SBR Zone
➡️M15 Bearish Engulfing
➡️Rejection Candle
➡️Existing Bearish Structure

Everything was pointing towards a possible bearish continuation

We got the initial reaction, but the selling pressure wasn’t strong enough to hold

We foresee the market reaching the top and then dumping at 4156 hence why we went to SELL AGAIN. We were 100% confident with that setup. And we were right. Almost 100 Pips secured INSTANTLY!

Thank you to everyone who participated in that trade!

Round 3, Scalping Mode Is On!
GOLD RUNNING 50+ PIPS

Let's collect partial PROFITS and set the rest at BREAKEVEN for a zero-risk trade

Sharpness Counts—And VIP Strikes.⭐️

Round 3, We Focus On Scalping!
GOLD RUNNING 60+ PIPS

Let's collect partial PROFITS and set the rest at BREAKEVEN for a zero-risk trade

EMBRACE this moment and let it fuel your motivation for continued SUCCESS!💵