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stockmarketdaytrader

Head and shoulders break out

Panjang
Paun British / Yen Jepun (FOREXCOM:GBPJPY)  
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FOREXCOM:GBPJPY   Paun British / Yen Jepun
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Inverted head and shoulders are in place and price action has just breached the neckline. The H&S was formed on the pivot point level which says price action found support there and will now look to head higher! 4 hour chart railway tracks have been formed and prices are heading higher! On the daily chart we have a perfect spinning top, which says again, prices are heading higher! On the 30 minute chart we have a breach of a meaningful trend line, that confirms a move higher!
Komen:
Im out with over 30 pips profit!!!
Penafian

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