FX_IDC:GBPJPY   British Pound / Japanese Yen
Inverted H&S have been formed in GBPJPY

TP1 151,770
TP2 153,860

The touch of the neckline and the 200 EMA will be a nice entry point. I will start buying around 38,2 fib level!

Trade with care and good luck everyone:)
Comment: I saw that I didn't pushed the update idea button and I'm sorry for that. I saw that there was a channel and possibility to move down to the bottom of the channel and the possibility to build new right shoulder and more straight new H&S.
https://s3.amazonaws.com/tradingview/sna...
I hope that many of you had the chance to buy at the bottom of the channel, because the new H&S knock on the door. Breaking the neckline is also a good entry point for long.
https://s3.amazonaws.com/tradingview/sna...
TP1 153.100
TP2 155.700
Comment: We still have a H&S
https://s3.amazonaws.com/tradingview/sna...
The new TP's are:
TP1 153.900
TP2 156.100
Comment: After the expected support from the neckline now goes for the targets
https://s3.amazonaws.com/tradingview/sna...
Comment: After hitted the first target now is a good moment to take in that long again. We can see many supports here. The neckline of the H&S, The bottom line of the up channel, 50% fib level and 200 EMA
https://s3.amazonaws.com/tradingview/sna...

Comments

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