Trading with Head and Shoulders pattern

Usually the head and shoulders pattern perform at the end of channel up as a sign of a reversal trend.
In this chart, we can see channel already broken on October 23, but the right shoulder has not fully performed yet.

To trade with this pattern, we have a several conditions :
1. Wait for right shoulder to completely perform to touch neckline at 1.0530. As long as right shoulder not higher than head, this pattern is still valid.
2. After we have a perfect right shoulder, we need one candle full to break down the neckline as bearish confirmation.
3. Usually broken neckline will bounce at previous support to retest neckline. This is the right moment to enter short position
4. Best stop loss position is above right shoulder, as long as the risk reward ratio is still above 2
5. Head to neckline are equal to neckline to target (AB=CD). So in this sample we have 1.0361 as profit projection

note : consider this pattern as failure, If step 1 to step 3 failed to perform