GBPJPY: The Head & Shoulders Trap
Don't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it.
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
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