ChartingFx

GBPJPY 350pips Head and Shoulders Pattern

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY creates head and shoulders pattern on 4 hour time frame. The size of the pattern is 350 pips. So after the neckline break our target will be 350 pips for profit taking. There is a thing what most of traders forget that head and shoulders pattern become valid after neckline break. Before neckline break it could make the pattern invalid. So always remember that entry will be safe after neckline break.

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