FOREXCOM:GBPJPY   British Pound / Japanese Yen
125 views
2
Really easy setup if this plays out.
Previously we can see a H&S pattern literally right before this potential setup.
For confirmation of this pattern I will be waiting for another touch against the neckline of the previous pattern where there is clear resistance.
Ideally a touch of this resistance followed by a right shoulder tap on the extension of 61.8% would be perfect.
In terms of entry wait for the neckline break if the pattern plays out.
Target same distance as the neckline to head.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter