Combining the head and shoulders pattern with Fibonacci retracement levels can provide traders with additional confirmation and potential entry and exit points. Here's how you can combine the two: 1. **Identify the Head and Shoulders Pattern**: – Look for a head and shoulders pattern on the price chart, consisting of three peaks (the left shoulder, head, and right shoulder) with a neckline connecting the lows of the pattern. – The head and shoulders pattern is typically considered a …
Head and Shoulders and Fibo Combine for FX:AUDUSD by dodogtg
Combining the head and shoulders pattern with Fibonacci retracement levels can provide traders with additional confirmation and potential entry and exit points. Here's how you can combine the two: 1. **Identify the Head and Shoulders Pattern**: - Look for a head and shoulders pattern on the price chart, consisting of three peaks (the left shoulder,…
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