Important to note that from 5 min to H4 timeframe, all MA`s are positioned in bearish “trend mode” |
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Tuesday, July 7, 2009
Definitely very good bearish opportunity in GBPJPY
GBPJPY poised for a bearish move
Based on my previous post on june 22th ( http://swelltrader.blogspot.com/2009/06/gbpjpy-h4-head-and-shoulders-in-making.html ), and after the possible bearish H&S`s neckline has been broken and retested, i think this pair will unfold a big bearish move of about 700 pips. |
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Labels:
Bearish,
ClassicPattern,
FollowUp,
GBPJPY,
HEADandShoulders
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