The ‘Head and Shoulders’ pattern is a major price formation pattern. It is a great reversal pattern and when combined with fundamentals it can be very powerful in showing the price prediction.

In this video, Giles Coghlan, Chief Currency Analyst, HYCM, will explain to you how to recognize it, when to trade it, and when not to trade it, as well as how to use entries, stops, and price targets with the formation. And finally, he will give you some real-world examples of how this plays out.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.