GBPJPY Short: Trendline, H&S Pattern, Pivot.

Does that look like a H&S pattern to you? That does look like a potential H&S pattern to me... The price just saw a rejection from trendline anyway and is ranging sideways. Now, since the daily price opened below daily pivot, I'm going to use it as anchor point. Gonna drop to much lower timeframe and look for a breakout off the range to the downside--in which case it does happen, S3 is going to be my target profit.

Trade ist aktiv:

Price just broke the neckline. I already entered at 142.450, running on profit now.