Head & Shoulders within a Head & Shoulders GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
473 4 14
Following on from my last idea on the 4 hour chart, you can also see the same pattern forming in the bigger shoulder.
You can use this time frame to really scale down your risk and still look for that extended move.
This means you can get excellent Risk Reward.

Good luck in the markets today!

price strugle to break neck line but trying trying again, whats idea? can price break the neck line or goes up? please comment
+1 Reply
J_Graystone ShahidKhan
We never know whats going to happen. Only the probabilities of what is likely to happen if certain set ups arise.
Great analysis! I happen to be short this pair already at the moment thanks to a bat pattern on the 15m, target 1 already hit and letting the rest run while managing it :)
+1 Reply
J_Graystone Andy_Parrish
Nice Andy!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out