Possible head & shoulder pattern???

A possible head and shoulder pattern is developing on the h4 chart. As long as the price do not breach 160.xx area, there is a possibility the price will re-test the neckline at 155.xx region.

Penetration below the the neckline should be the confirmation of this pattern, with a possible target of 780 pips (the height from the neckline to the head), which should be in the region of the 147.xx.

Meanwhile, enjoy the weekend and may green pips always be with us.....

Below is the H4 chart as of 7.45 pm Malaysia today. Read more on how to trade the head and shoulder pattern here.


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