completed head and shoulders pattern

2019年1月21日

hey traders,

on pound yen we have a very overbought market.
I was looking for reasons for entry as the market reached the resistance line of a rising channel.
Now, as we see a completion of a head and shoulders pattern, we can sell the violation of a neckline,
projecting our first target around 109.15 level.

your stop is above head.
as the market reached the first target you trail your stop to entry level.

good luck!

2019年1月21日

註釋

still in side move

2019年1月22日

註釋

going down

2019年1月22日

註釋

hit the initial target