The head and shoulders M1 foreign exchange scalping system is a well known pattern established strategy. Instances found beneath re creations on M1, and to scalp. An initial aim of fifteen to twenty pips is precise and auctions half, or whatever take-gain you prefer, prime target is to achieve some pips.
We are beginning (long/short) advancing on the right shoulder, and expecting for a trend change in direction. If it does not alter it’s a false signal which happens as well. Infirm trending markets if we encounter trend exchange; it is normally a lower hit ratio, than in a ranging market. If it is strong and provides an early entry, there is pleasant ratio for risk to reward.
Furthermore, you can observer for S&R level as I have highlighted in the instance below.
Below are three instances in my prime currency pair AUD and a pleasant h$s arrangement on JPY. It can work perfectly on any given currency and patience is the key for success. The AUD establishment provided fifty pips and marvelous entry, at a prime S$R level 10360. Though trending downwards, the ranging pair allowed the counter exchange to be profitable. JPY currency pairs have been trending in one movement, thus H$S counter trend had to be a rapid exit.
Exchanging Rules
For purchase: Move long on ending of right shoulder of the arrangement, on bullish bar end, a support area.
For Auction: Move short on ending of right shoulder of arrangement, on bearish bar end, at a resistance area.
Target fifteen to twenty pips.
Instances
Additional one on AUD, at the same support level…counters trend exchanges are secure on ranging currencies such as AUD…
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