GBP/USD Head & Shoulders Pattern

Morning all,

I see a nice head and shoulders pattern on the daily chart which I’m going to trade. I have also posted a picture to show you.

The Trade:

Sell= 1.9700
Stop= 1.9750

target= 1.9400

Lets see how this pans out. Good luck!


Hi FX baby

I just posted a thread in newbie island “Trading outside you system”

Please read the thread and tell me what you think.

Our head and shoulders pattern have become a descending triangle pattern as indicated on the picture I’ve attached.

The trade is still valid as before. Sellers are entering in force so hopefully our trade will be triggered today :slight_smile:

Good luck all!


Exit 1st lot at= 1.9634 then move 2nd lot stop-loss down to entry point= 1.9700

Good luck!

Hey “short-termer”, I already exit with a profit of 35 pips.

Hi all,

well…me and pipcrawler had the same idea and trade but our trades were stopped out!!

2 x lots= -100 pips!

Remember never risk more than %5 of your capital on a trade! I’m still certain this pair is going to continue down so I’m gona enter again at slighty different levels.

The Trade Take 2:

sell 2 x lots= 1.9675

stop= 1.9750 (75 pips each lot)

Target 1= 1.9600
Target 2= 1.9400

Good luck!!