Reverse H&S GBP/JPY
Really easy setup if this plays out.
Previously we can see a H&S pattern literally right before this potential setup.
For confirmation of this pattern I will be waiting for another touch against the neckline of the previous pattern where there is clear resistance.
Ideally a touch of this resistance followed by a right shoulder tap on the extension of 61.8% would be perfect.
In terms of entry wait for the neckline break if the pattern plays out.
Target same distance as the neckline to head.
Previously we can see a H&S pattern literally right before this potential setup.
For confirmation of this pattern I will be waiting for another touch against the neckline of the previous pattern where there is clear resistance.
Ideally a touch of this resistance followed by a right shoulder tap on the extension of 61.8% would be perfect.
In terms of entry wait for the neckline break if the pattern plays out.
Target same distance as the neckline to head.
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