Check Out My Price Action Course on Udemy - http://www.fxjames.com/udemy/

Being a discretionary price action trader, looking at price patterns is part of what I do. I don’t recommend anyone to just trade the patterns blindly - but instead learn to decipher and understand the human psychology behind the patterns.

These patterns may work or fail, depending on the context of the market.

The Head & Shoulders pattern is one the most prominent and realiable patterns that indicate a reversal in direction. They don’t all look the same on the charts, some may vary slightly.

Let’s look at a few variables of the head & shoulders pattern them on the charts and see how you can use them in your trading. There are many points in the pattern where you can enter the market, depending on your trading style.

How I integrated the Head & Shoulders pattern in my trading:
Occur at extreme points
Use it for a confirmed direction bias

Tips to look out for:
Pay attention to how powerful the opposing move is
Look out for an engulf of the previous swing point or break of the neckline


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