forexcanada

Carney's Head and shoulders!!!!

Short
FX:GBPJPY   British Pound / Japanese Yen
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Sign of an Head and Shoulders is definitely on the radar right now. We just broke the neckline and in technical term I am short. I am very careful though with Japan election next month and QE infinity over there makes me nervous, but tight stop is in order. From here expect support on 23.6% Fib at 130.78, but my target is the 38.2% Fib at 129.80.

We break 130.78 and my stop will be brought to entry level and then will enjoy a free risk trade.
Good night and God Bless
Gaven Sirois
@forexcanada

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