GBPJPY > Possible Head and Shoulders Pattern!
Updated
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.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
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.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Trade closed: target reached
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