How to Trade Head and Shoulders Pattern in Forex Market
Learn to Trade in 5 Days Master the Head and Shoulders Pattern for Forex Profits The Head and Shoulders pattern is a game-changing reversal signal, spotting trend shifts with precision. After seven years of trading and millions in profits, I’ve used this pattern with Price Action Trading to generate $1,000–$1,500 weekly in the $6.3 trillion Forex market. In this guide, I’ll explain how to identify the Head and Shoulders and its Inverted counterpart, trade them effectively, and share a real trade example to show it in action. Get my 5-Day Trading Mini-Course 1. What is the Head and Shoulders Pattern? The Head and Shoulders is a reversal candlestick pattern that signals a bullish trend’s end, indicating a shift to a bearish trend when formed at a market high. Key Characteristics: Structure: Consists of three peaks: left shoulder (market structure point), head (higher high), and right shoulder (lower high). It forms at a resistance level with 3+ rejection...