stockmarketdaytrader

Head and shoulders break out

Long
FOREXCOM:GBPJPY   British Pound / Japanese Yen
2
Inverted head and shoulders are in place and price action has just breached the neckline. The H&S was formed on the pivot point level which says price action found support there and will now look to head higher! 4 hour chart railway tracks have been formed and prices are heading higher! On the daily chart we have a perfect spinning top, which says again, prices are heading higher! On the 30 minute chart we have a breach of a meaningful trend line, that confirms a move higher!
Comment:
Im out with over 30 pips profit!!!

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