gdf_fx

GBPJPY Head and Shoulders

Long
FX:GBPJPY   British Pound / Japanese Yen
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6

Initially i am looking to buy a bounce off the 50% up to Right shoulder resistance and possibly 147 if we get a break above prior Resistance. this would squeeze alot of the weak shorts out

another possible scenario is that GBPJPY retraces to the shoulder level and rejects off the low volume node around sub 130

if my initial long gets stopped i will be watching and waiting for a good buy signal price action around 130

targets again would be right shoulder resistance, head resistance and possibly 147

Comments

Hi, thanks for ideas. Would you pls explain the numbers inside volume bars? and the color difference? thank you in advance :)
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