H&S GBPJPY

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.
s3.amazonaws.com/tra...shots/a/AkWLjIuG.png
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.
s3.amazonaws.com/tra...shots/e/ERsjSB7x.png
TP1 153.100
TP2 155.700

Comment:

We still have a H&S
s3.amazonaws.com/tra...shots/c/CZSYgGtX.png
The new TP's are:
TP1 153.900
TP2 156.100

Comment:

After the expected support from the neckline now goes for the targets
s3.amazonaws.com/tra...shots/g/GbD4ROta.png

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
s3.amazonaws.com/tra...shots/e/ejtER4S6.png