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Chris Capre
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Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
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Trading Price Action and Pivot Points
  • GBPJPY Potential Daily Head And Shoulders Setup | Mar 3rd 0 comments
    Mar 3, 2013 7:30 PM

    Hello Traders,

    Several trade setups to start the week, but one that is interesting is the GBPJPY which may be forming a daily HS (head and shoulders pattern) with the right should potentially lining up with the channel top and dynamic resistance in the 20ema (see chart below).

    (click to enlarge)

    Watch the intraday price action charts for signals off the level which comes in around 142.15. A break above targets 144.75 and 145 while a reversal here targets 140 and 137.90.

    Kind Regards,

    Chris Capre

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