Potential head and shoulders setup
Updated
GBPJPY has been rallying for some time. Based on RSI, price is overbought. H4 market structure change from bullish to bearish. Hence, I'm looking to short this pair at the resistance zone around 157.25 which also aligns with the fib golden zone. Price rejecting the zone will confirm the head and shoulders pattern. Price target will be at 156.00
Trade closed: target reached
Perfection
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