Head and Shoulders well known chart patterns. I notice formation at the end of last week. Managed to close 50+ pips. This is not the best example of Head and Shoulder patters but it works. Cable (GBP/USD) on H4 time frame.
I”m still searching for better formation of right shoulder and if find good opportunity I will open another sell.
The thing is patterns, trendlines an any technical analysis on the chart is almost never perfect. Because market is not perfect!