Showing posts with label Head and Shoulder pattern. Show all posts
Showing posts with label Head and Shoulder pattern. Show all posts

Thursday, March 8, 2012

GBPJPY Head and Shoulders topping pattern

The British Pound versus the Yen has created a significant Head and shoulders patter over the last few trading days and appears to be set to begin a fresh impulse to new lows. As the recent decline has penetrated the top of Wave A Green, it is unlikely that we are experiencing a Wave 4 Green Pullback. However, where we are in the larger time frame is still unclear to me.

Tuesday, August 30, 2011

NZDUSD Short Setup

The NZDUSD is currently offering an excellent risk reward setup if this is indeed a head and shoulders pattern as I suspect.