Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is a analysis on .
Pair :GBP/JPY
Time-Frame - D
Biased - Bearish
Very similar to previous post on NZD/USD with the double top but on this occasion this is a based on a large time frame continuation. Price has currently formed a head and shoulders at an identified major resistant trendline . A chart pattern deemed as a reversal pattern to some and the neckline has also been formed so based on this I will be waiting on a pull back for potential trades to the down side for the long run.
Pair :GBP/JPY
Time-Frame - D
Biased - Bearish
Very similar to previous post on NZD/USD with the double top but on this occasion this is a based on a large time frame continuation. Price has currently formed a head and shoulders at an identified major resistant trendline . A chart pattern deemed as a reversal pattern to some and the neckline has also been formed so based on this I will be waiting on a pull back for potential trades to the down side for the long run.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.