GBPJPY Daily Head & Shoulder Neckline
Price has made it to neckline of Daily Head & Shoulder. Currently price is at bottom of 4H 200 Bollinger Band.
Expecting a breakout from the 4H band and a continuation to break the Daily neckline.
Once Daily breaks Pivot S1 at 149.181 (Neckline) looking for price to continue down to atleast S4 at 143.031. Which is also the middle BB for weekly.
For Swing entry waiting for 4H, 1H, or 30m to give some type of indication at neckline area for trend continuation to downside.
Preferably 4H.
Possible for price to complete Head & Shoulder and go further down but only looking for 143.031 as swing target for now.
Expecting a breakout from the 4H band and a continuation to break the Daily neckline.
Once Daily breaks Pivot S1 at 149.181 (Neckline) looking for price to continue down to atleast S4 at 143.031. Which is also the middle BB for weekly.
For Swing entry waiting for 4H, 1H, or 30m to give some type of indication at neckline area for trend continuation to downside.
Preferably 4H.
Possible for price to complete Head & Shoulder and go further down but only looking for 143.031 as swing target for now.
