
I have to admit, that I am not the best export on head and shoulders, but this one is very simple, the second I look't at the GBP/USD 15 min chart I spotted this head and shoulder and if the rules is applied here, the target will be lower than 1.5000.
i will start taking profit on my short USD/JPY at 89.00.
Updated: monday morning.
On the longer term charts, if support holds on the EURO at 1.3100 then we can expect it to break 1.4000, and on GBP/USD after sharp moves we can expect it to go above 1.5500.
have a nice day.
6 comments:
Hi !
I closed my gbp shorts with profit this morning.
I went long eur-jpy at 120,30
hello ben,
The EUR/CHF 1 hour, is in a triangle, and we just reached the top of the triangle and falling.
USD/JPY is Making a nice move.
Ben
Are u looking to short GB/JP or should we still wait.
Naftula, did you take a short on EUR-CHF ?
If yes, great trade man !
RK, i was thinking about shorting, but ddin't...it's too late now. Will wait to go long soon... I'll let you know when i tae a long, probably tomorrow.
ben,
yes, i was short, toke a bit profit, but i am still short.
You these things, I have read twice, for me, this is a relatively rare phenomenon!
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