kmk.msp
Short

GBPJPY Head & Shoulder

FX:GBPJPY   British Pound/Japanese Yen
1315 14 32
Description on chart...
Comment: Neckline breaks @159.3. Now the sell off accerelates followed by retesting of broken neckline.
Comment: Target hit as expected. Congratulations!!!
Nice spot, i would enter when a retecement back to the neckline. Gl with the trade :)
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Potential H&S, but only confirm this Pattern after neckline is broken.
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good analysis
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No hard feelings but :

1. you do not look for H&S pattern at the bottom of the down trend but at the top of the uptrend if you look for reversal;

2. no neckline break - no pattern; you get bullish continuation; no neckline break - you have a range with fake breakout and you should consider range breakout trade ( if so - I don`t care which way it breaks ).

3. many take so called " aggressive" entry, assuming that the pattern "should" complete. may your stops be in place.

Cheers

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kmk.msp Nightwish
I have already entered but it is better to enter after break of neckline or after the retesting of broken neckline. My entry is aggressive. I have publish the forming pattern and everyone knows where to enter. Whole purpose is to share the great opportunity so that anyone make a green pips...
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GBPJPY - WAIT FOR THE SHORT

very good
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market will go up..!!! it's retracement.
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Agreed
snapshot
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do you not normally enter a head and shoulders on a break or retest of the neckline ??
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kmk.msp scottFOREX
Yes I do but for better RR i have already entered. Oil has rejected from 200 DMA and it will start down move again give strength to JPY crosses..
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