TheTradersAvenue

GBPJPY > Possible Head and Shoulders Pattern!

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OANDA:GBPJPY   英鎊 / 日圓
Analysis of #GBPJPY


the GBPJPY might have a head and shoulders pattern, still premature to talk about it while the second shoulder still not yet completed, but keep an eye on it as it might come soon.

if we break the neckline I will then consider a sell if the rules for entry are met.

this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation before I make a trade



⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.


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