J_Graystone
Short

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
We never know whats going to happen. Only the probabilities of what is likely to happen if certain set ups arise.
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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 PRO Andy_Parrish
Nice Andy!
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