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lluiszardoya
8 Jan 2017 pukul 20.04

HEAD AND SHOULDERS ON GBPJPY DAILY, WE ARE SHORT Singkat

British Pound/Japanese YenFXCM

Huraian

After a tremendous rally, we have seen a great deceleration forming a Head and Shoulders formation on the daily chart. Being the head in a monthly key level.
Now the price is just below the weekly level of 145.
If we want to add some confluences, we can see the sell set up/flag pattern formed on the H1 chart.

The tp will be at the next monthly level, which coincides with the -61.8 fib extension. This would also be the C leg of the big wave formed since early november.
I will enter this trade as the market opens on Sunday night.
Hope you all a great trading week.

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