completed head and shoulders pattern

٢١ يناير ٢٠١٩

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!

٢١ يناير ٢٠١٩

ملاحظة

still in side move

٢٢ يناير ٢٠١٩

ملاحظة

going down

٢٢ يناير ٢٠١٩

ملاحظة

hit the initial target