Head and Shoulders Pattern Guide to Trader’s

Terminal: MT4.
Timeframe: H1, H4, Daily.
Trading Time: Around the clock.
Currency Pairs: AUDUSD, EURUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD

The broker should have low fees, low swaps, and also a fast server. The Trader Indicator works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:

Best Broker List :

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	Sydney, Australia	1:1000	$200	ASIC, SCB, FSA
	Register	2010	Melbourne, Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2009	UK	1:888	$5	FCA
	Register	2009	Belize	1:2000	$10	CySEC, IFSC
	Register	2008	Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	Belize	1:3000	$1	IFCS
	Register	2011	London, England	1:500	$25	regulated by CySEC
	Register	2006	Dublin, Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

MT4 Indicator  Settings : 

Head and Shoulders Pattern Guide : 

The Head and Shoulders Pattern: How Do I Identify It?

Understanding how heads-and-shoulders trend reversals occur can help detect them:
1. An investor who has been driving the stock higher temporarily loses enthusiasm, thereby forming left shoulder.
2. As excitement peaks, the stock’s price declines to a point near its previous low.
3. When the stock price returns to its previous high, but fails to reach it again, the right shoulder forms.

How Does an Inverse Head and Shoulders Work?

An inverse head and shoulders pattern is akin to the standard head and shoulders pattern, but inverted, which predicts reversals in downtrends based on the top part of the pattern.

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