completed head and shoulders pattern

21 Jan 2019

hey traders,

on pound yen we have a very overbought market.
I was looking for reasons for entry as the market reached the resistance line of a rising channel.
Now, as we see a completion of a head and shoulders pattern, we can sell the violation of a neckline,
projecting our first target around 109.15 level.

your stop is above head.
as the market reached the first target you trail your stop to entry level.

good luck!

21 Jan 2019

Catatan

still in side move

22 Jan 2019

Catatan

going down

22 Jan 2019

Catatan

hit the initial target