Head and shoulders technique is one of the technique used by many forex traders. Generally they form on a particular line which we may say as a support line or resistance line. After the second shoulder is formed once the support or resistance line is broken then traders enter in the direction of break out.
Head and Shoulders format:
Head and shoulders Patterns for Currency trading
When the break out happens generally traders look for strong candlesticks. Strong candlesticks means candlesticks with large bodies and not large tails.
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