Textbook technical pattern.

FX:GBPJPY   British Pound / Japanese Yen
After yesterday Cypher pattern that failed but managed to hold the down trendline from July 31, price has made a very classic and textbook pattern "Head and Shoulder" in what i can see as a retracement move from the overall trend bearish .

I'm waiting for price to retrace a bit higher before entering and looking to hold til' the test of prior lows getting a nice RvR             .

Keep it simple, and focus on the process

Twitter: @JeanC680
Trade active
Trade closed: stop reached
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