GBPSGD Inverse Head & Shoulders

19 Nis 2017

Very nice Inverse Head & Shoulders, on the GBPSGD daily chart, Should take a few days to retrace a little before it attacks the breakout line again but well worth keeping an eye out for this as there are a lot of pips up for grabs!

19 Nis 2017

Not

btw The EW numbering could have an alternative which would see the '5' (on the chart) as the wave 3, so that the move up would be the wave 4 pullback. Either way though it doesn't effect the target much as the wave 4 could easily hit the red box.