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CripMac55thStreet
Jul 18, 2020 12:38 PM

GBP/JPY Short

British Pound/Japanese YenFXCM

Description

POUND V JEN

Head and Shoulders On Daily Time Frame

First Target Of 130.700

Comments
bibz4trade
Left and right shoulder, How can it be at same level ?
CripMac55thStreet
@bibz4trade, As long as it's lower than the Head it should be fine. Head and shoulder patterns tend to be a messy sometimes ,but very powerful, just look at the December head and shoulders in GBP/JPY look at how the left and right shoulder ain't level but still creates a powerful move to the downside

Also check out this useful link for educational purposes forexuseful.com/another-failed-head-shoulders-time-to-retire-the-pattern/
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